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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).
Clearday's net current asset value per share for the quarter that ended in Sep. 2023 was $-2.81.
The historical rank and industry rank for Clearday's Net Current Asset Value or its related term are showing as below:
The historical data trend for Clearday'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.
Clearday Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Net Current Asset Value | -5.48 | -6.08 | -4.65 |
Clearday Quarterly Data | |||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Net Current Asset Value | Get a 7-Day Free Trial | -4.92 | -4.65 | -2.77 | -2.71 | -2.81 |
For the Medical Care Facilities subindustry, Clearday'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 Healthcare Providers & Services industry and Healthcare sector, Clearday's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Clearday's Price-to-Net-Current-Asset-Value falls into.
Clearday's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 is calculated as
Net Current Asset Value Per Share | (A: Dec. 2022 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (0.467 | - | 65.132 | - | 11.722 | - | 20.448) | / | 20.8055 |
= | -4.65 |
Clearday's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2023 is calculated as
Net Current Asset Value Per Share | (Q: Sep. 2023 ) | ||||||||
= | (Total Current Assets | - | Total Liabilities | - | Minority Interest | - | Preferred Stock) | / | Shares Outstanding (EOP) |
= | (0.478 | - | 44.176 | - | 10.569 | - | 19.107) | / | 26.1553 |
= | -2.81 |
* 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.
Clearday (OTCPK:CLRD) 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 Clearday's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
James Walesa | director, 10 percent owner, officer: Chief Executive Officer | 1460 RENAISSANCE DR., #212, PARK RIDGE IL 60068 |
Watson Robert Glen Jr. | director | 602 ALTA AVENUE, SAN ANTONIO TX 78217 |
Billie Jay Parrish | director, officer: Chief Operating Officer | C/O CLEARDAY, INC., 8800 VILLAGE DRIVE, SUITE 106, SAN ANTONIO TX 78217 |
Elizabeth M. Caveness | director | 408 EAST CREEKVIEW DRIVE, HAMPSTEAD NC 28443 |
Alan H Channing | director | 263 W END AVE., APT 3A, NEW YORK NY 10023 |
Gary Sawina | officer: Executive Vice President | 17302 FOUNTAIN VIEW DRIVE, SAN ANTONIO TX 78248 |
Linda Carrasco | officer: President Memory Care America | 126 STEEL VALLEY DRIVE, BOERNE TX 78006 |
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Allied Integral United, Inc. | 10 percent owner | 2211 NW MILITARY HIGHWAY, SUITE 201, SAN ANTONIO TX 78213 |
Julia Suzanne Johnson | director | 1001 RIDDER PARK STREET, SAN JOSE CA 95131 |
Kopp Family Office, Llc | 10 percent owner | 8500 NORMANDALE LAKE BOULEVARD, SUITE 475, BLOOMINGTON MN 55437 |
Dan L Halvorson | director | 4780 EASTGATE MALL, SAN DIEGO CA 92121 |
Kenneth E Pfeiffer | officer: Vice President Engineering | 460 WARD DRIVE, SANTA BARBARA CA 93111 |
Thomas R Giunta | officer: VP Engineering | 460 WARD DRIVE, SANTA BARBARA CA 93111 |
Xiaoxiong Zhang | 10 percent owner | 3/F, BLOCK B, 11 LANGSHAN RD, HI-TECH INDUSTRIAL PK, NANSHAN DISTRICT, SHENZHEN F4 518057 |
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