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Toast (TOST) Net Current Asset Value : $1.48 (As of Dec. 2023)


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What is Toast 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).

Toast's net current asset value per share for the quarter that ended in Dec. 2023 was $1.48.

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

TOST' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 12.34   Med: 12.7   Max: 20.91
Current: 15.62

During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Toast was 20.91. The lowest was 12.34. And the median was 12.70.

TOST's Price-to-Net-Current-Asset-Value is ranked worse than
79.03% of 1688 companies
in the Software industry
Industry Median: 5.22 vs TOST: 15.62

Toast Net Current Asset Value Historical Data

The historical data trend for Toast'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.

Toast Net Current Asset Value Chart

Toast Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
-0.88 -1.24 1.66 1.42 1.48

Toast Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.42 1.35 1.39 1.48 1.48

Competitive Comparison of Toast's Net Current Asset Value

For the Software - Infrastructure subindustry, Toast'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.


Toast's Price-to-Net-Current-Asset-Value Distribution in the Software Industry

For the Software industry and Technology sector, Toast's Price-to-Net-Current-Asset-Value distribution charts can be found below:

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



Toast Net Current Asset Value Calculation

Toast'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)
=(1570-764-0-0)/543
=1.48

Toast'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)
=(1570-764-0-0)/543
=1.48

* 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.


Toast  (NYSE:TOST) 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.


Toast Net Current Asset Value Related Terms

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


Toast (TOST) Business Description

Industry
Traded in Other Exchanges
Address
401 Park Drive, Suite 801, Boston, MA, USA, 02215
Toast is a U.S.-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 99,000 restaurant locations across the United States at the end of September 2023. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, from loan origination and servicing fees from its Toast Capital arm, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $92 billion in gross platform volume in 2022. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.
Executives
James Michael Matlock officer: Principal Accounting Officer TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Brian R Elworthy officer: General Counsel TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Aman Narang director, officer: See Remarks TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Elena Gomez officer: Chief Financial Officer TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Stephen Fredette director, officer: Co-President TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Christopher P Comparato director, officer: Chief Executive Officer TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Bessemer Venture Partners Ix L.p. 10 percent owner C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
David Yuan director 250 MIDDLEFIELD RD, MENLO PARK CA 94025
Mark J Hawkins director C/O LOGITECH, INC., 6505 KAISER DRIVE, FREMONT CA 94555
Richard Kent Bennett director 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Technology Investment Dining Group, Llc 10 percent owner 18 BANK STREET, LEBANON NH 03766
Jonathan Grimm 10 percent owner, officer: Chief Technology Officer TOAST, INC., 401 PARK DRIVE, SUITE 801, BOSTON MA 02215
Paul D Bell director C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Hmi Capital Management, L.p. 10 percent owner 555 CALIFORNIA STREET, SUITE 4900, SAN FRANCISCO CA 94104
Hmi Capital Partners, L.p. 10 percent owner C/O HMI CAPITAL MANAGEMENT, L.P., 555 CALIFORNIA STREET, SUITE 4900, SAN FRANCISCO CA 94104