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Virco Manufacturing (Virco Manufacturing) Net Current Asset Value : $2.07 (As of Jan. 2024)


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What is Virco Manufacturing Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Virco Manufacturing's net current asset value per share for the quarter that ended in Jan. 2024 was $2.07.

The historical rank and industry rank for Virco Manufacturing's Net Current Asset Value or its related term are showing as below:

VIRC' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.32   Med: 8.6   Max: 11.4
Current: 5.32

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Virco Manufacturing was 11.40. The lowest was 5.32. And the median was 8.60.

VIRC's Price-to-Net-Current-Asset-Value is ranked worse than
57.35% of 279 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 4.36 vs VIRC: 5.32

Virco Manufacturing Net Current Asset Value Historical Data

The historical data trend for Virco Manufacturing's Net Current Asset Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virco Manufacturing Net Current Asset Value Chart

Virco Manufacturing Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.64 -1.25 -0.63 0.43 2.07

Virco Manufacturing Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.35 1.36 2.18 2.07

Competitive Comparison of Virco Manufacturing's Net Current Asset Value

For the Furnishings, Fixtures & Appliances subindustry, Virco Manufacturing's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Virco Manufacturing's Price-to-Net-Current-Asset-Value Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Virco Manufacturing's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Virco Manufacturing's Price-to-Net-Current-Asset-Value falls into.



Virco Manufacturing Net Current Asset Value Calculation

Virco Manufacturing's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jan. 2024 is calculated as

Net Current Asset Value Per Share(A: Jan. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(89.026-55.266-0-0)/16.3473
=2.07

Virco Manufacturing's Net Current Asset Value (NCAV) per share for the quarter that ended in Jan. 2024 is calculated as

Net Current Asset Value Per Share(Q: Jan. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(89.026-55.266-0-0)/16.3473
=2.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Virco Manufacturing  (NAS:VIRC) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Virco Manufacturing Net Current Asset Value Related Terms

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Virco Manufacturing (Virco Manufacturing) Business Description

Traded in Other Exchanges
N/A
Address
2027 Harpers Way, Torrance, CA, USA, 90501
Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Geographically, it operates in the United States and Canada.
Executives
Patricia Levine Quinones officer: Vice President 6008 E. CALLE CEDRO, ANAHEIM CA 92807
Bradley C Richardson director
Craig L Levra director C/O SPORT CHALET INC, ONE SPORT CHALET DRIVE, LA CANADA CA 91011
Agnieszka Winkler director C/O INTER-TEL, INCORPORATED, 1615 SOUTH 52ND STREET, TEMPE AZ 85281
Kathleen D Young director C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Douglas A Virtue director, officer: Executive Vice President
Robert A Virtue director, officer: President & CEO & Chairman
Donald R Rudkin director C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Alexander L Cappello director C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Bassey Yau officer: Assistant Secretary / Treasure 5502 MARICOPA ST., TORRANCE CA 90501
Robert M Hupe officer: VP General Counsel C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Jerry Scott Bell officer: COO C/O VIRCO MFG. CORPORATION, TORRANCE CA 90501
Robert James Devers officer: Sr. VP, Information Technology C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Johnson James David Ii officer: Sr. Vice President Marketing C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501
Michael Anthony Digregorio director C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245