Aluworks (XGHA:ALW) Net Current Asset Value: GHS-0.91 (As of Dec. 2020)

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What is Aluworks Net Current Asset Value?

Aluworks XGHA:ALW Net Current Asset Value is GHS-0.91 as of Dec. 2020.

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).

Aluworks's net current asset value per share for the quarter that ended in Dec. 2020 was GHS-0.91.

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

XGHA:ALW's Price-to-Net-Current-Asset-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 6.25
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Aluworks  (XGHA:ALW) 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.


Aluworks Net Current Asset Value Related Terms


Aluworks Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Aluworks'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.

Aluworks Net Current Asset Value Chart

Aluworks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net Current Asset Value
Get a 7-Day Free Trial -0.43 -0.52 -0.59 -0.79 -0.91

Aluworks Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net Current Asset Value Get a 7-Day Free Trial -0.43 -0.52 -0.59 -0.79 -0.91

XGHA:ALW vs AA: Net Current Asset Value Comparison

For the Aluminum subindustry, Aluworks'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.


Aluworks Price-to-Net-Current-Asset-Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluworks's Price-to-Net-Current-Asset-Value distribution charts can be found below:

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



Aluworks Net Current Asset Value Calculation

Aluworks's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2020 is calculated as

Net Current Asset Value Per Share(A: Dec. 2020 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(15.182-230.081-0-0)/236.687
=-0.91

Aluworks's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2020 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2020 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(15.182-230.081-0-0)/236.687
=-0.91

* 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.

What does a Net Current Asset Value of GHS-0.91 mean?
Aluworks (XGHA:ALW) has a Net Current Asset Value of GHS-0.91 as of Dec. 2020. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Aluworks and its competitors.
Is Aluworks' Net Current Asset Value too high?
Aluworks' current Net Current Asset Value is GHS-0.91.
How does Aluworks' Net Current Asset Value compare to AA?
Aluworks' Net Current Asset Value of GHS-0.91 can be compared against companies in the Metals & Mining industry. The industry median Net Current Asset Value is 6.25. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.25, based on 1,350 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Aluworks and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aluworks's current Net Current Asset Value is GHS-0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aluworks stock overvalued right now?
Aluworks (XGHA:ALW) has a current Net Current Asset Value of GHS-0.91. The current Net Current Asset Value is GHS-0.91. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Aluworks (XGHA:ALW), the current Net Current Asset Value is GHS-0.91 as of Dec. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Aluworks Business Description

Address Plot No. 63/1, Heavy Industrial Area, P. O. Box CO 914, Greater Accra, Tema, GHA
Aluworks Ltd is engaged in continuous casting and cold rolling of aluminum products. The company manufactures aluminum coils, circles, corrugated sheets, and flat sheets. It acts as a supplier of aluminum coils, discs, flat sheets and sheet-in-coil as raw materials for many small and medium-scale factories manufacturing aluminum household cooking utensils, corrugated roofing sheets, and general fabrication. The company generates the majority of its revenue from Ghana.