GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ford Otomotiv Sanayi AS (OTCPK:FOVSY) » Definitions » Net Current Asset Value

Ford Otomotivnayi AS (Ford Otomotivnayi AS) Net Current Asset Value

: $-20.11 (As of Dec. 2023)
View and export this data going back to 2009. Start your Free Trial

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).

Ford Otomotivnayi AS's net current asset value per share for the quarter that ended in Dec. 2023 was $-20.11.

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

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ford Otomotivnayi AS was 496.04. The lowest was 147.06. And the median was 321.55.

FOVSY's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.85
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Ford Otomotivnayi AS Net Current Asset Value Historical Data

The historical data trend for Ford Otomotivnayi AS'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.

Ford Otomotivnayi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.86 0.55 0.18 -24.32 -20.11

Ford Otomotivnayi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Current Asset Value 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 Premium Member Only Premium Member Only Premium Member Only -24.32 -18.25 -17.77 -13.59 -20.11

Competitive Comparison

For the Auto Manufacturers subindustry, Ford Otomotivnayi AS'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.


Ford Otomotivnayi AS Price-to-Net-Current-Asset-Value Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Ford Otomotivnayi AS's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Ford Otomotivnayi AS's Price-to-Net-Current-Asset-Value falls into.



Ford Otomotivnayi AS Net Current Asset Value Calculation

Ford Otomotivnayi AS's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(3541.124-4952.157-0-0)/70.182
=-20.11

Ford Otomotivnayi AS's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(3541.124-4952.157-0-0)/70.182
=-20.11

* 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.


Ford Otomotivnayi AS  (OTCPK:FOVSY) 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.


Ford Otomotivnayi AS Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of Ford Otomotivnayi AS's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Ford Otomotivnayi AS (Ford Otomotivnayi AS) Business Description

Traded in Other Exchanges
Address
Akpmar Mahallesi, Hasan Basri Caddessi, Sancaktepe, Istanbul, TUR
Ford Otomotiv Sanayi AS is an automobile manufacturing company domiciled in Turkey. The company principally manufactures, imports, and distributes passenger vehicles, commercial vehicles, and spare parts and accessories under the Ford brand. The company organises itself into four segments, based on product type: passenger cars, light commercial vehicles, medium commercial vehicles, and trucks. Geographically, domestic sales are most significant, and constitute more than a third of consolidated revenue, followed by England and Germany.

Ford Otomotivnayi AS (Ford Otomotivnayi AS) Headlines

From GuruFocus

Q4 2023 Ford Otomotiv Sanayi AS Earnings Call Transcript

By GuruFocus Research 03-07-2024