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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).
ACM Research's net current asset value per share for the quarter that ended in Mar. 2024 was $7.56.
The historical rank and industry rank for ACM Research's Net Current Asset Value or its related term are showing as below:
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of ACM Research was 29.28. The lowest was 1.14. And the median was 4.01.
The historical data trend for ACM Research'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.
ACM Research Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Net Current Asset Value | Get a 7-Day Free Trial | 1.44 | 1.08 | 9.83 | 6.76 | 7.41 |
ACM Research Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Current Asset Value | Get a 7-Day Free Trial | 6.23 | 6.20 | 7.17 | 7.41 | 7.56 |
For the Semiconductor Equipment & Materials subindustry, ACM Research'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.
For the Semiconductors industry and Technology sector, ACM Research's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ACM Research's Price-to-Net-Current-Asset-Value falls into.
ACM Research'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) |
= | (1176.11 | - | 564.746 | - | 158.772 | - | 0) | / | 61.058 |
= | 7.41 |
ACM Research's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2024 is calculated as
Net Current Asset Value Per Share | (Q: Mar. 2024 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (1229.356 | - | 595.956 | - | 164.591 | - | 0) | / | 62.0086 |
= | 7.56 |
* 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.
ACM Research (NAS:ACMR) 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 Grahams 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.
Thank you for viewing the detailed overview of ACM Research's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Mckechnie | officer: See remarks | ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Lisa Feng | officer: See remarks | ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Tracy Liu | director | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
David H Wang | director, 10 percent owner, officer: See Remarks | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Haiping Dun | director | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Fuping Chen | officer: See Remarks | ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Sotheara Cheav | officer: See Remarks | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Shanghai Pudong Science & Technology Investment Group Co., Ltd. | 10 percent owner, other: Possible member of 10% group | FLOOR 16-17, #118 RONGKE ROAD, PUDONG DISTRICT, SHANGHAI F4 200120 |
Shanghai Science & Technology Venture Capital (group) Co., Ltd. | 10 percent owner, other: Possible member of 10% group | FLOOR 16-17, #118 RONGKE ROAD, PUDONG DISTRICT, SHANGHAI F4 201203 |
Xiao Xing | director | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREEMONT CA 94539 |
Yinan Xiang | director | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Chenming Hu | director | 2060 PEBBLE DRIVE, ALAMO CA 94507 |
Jian Wang | officer: See Remarks | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
Zhengfan Yang | director | XINXIN (HONGKONG) CAPITAL CO., LIMITED, 3RD FLOOR NORTH, NO. 7 FINANCIAL STREET, XICHENG DISTRICT, BEIJING F4 100033 |
Fufa Chen | officer: See Remarks | C/O ACM RESEARCH, INC., 42307 OSGOOD ROAD, SUITE I, FREMONT CA 94539 |
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