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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).
Rocket Lab USA's net current asset value per share for the quarter that ended in Mar. 2024 was $0.05.
The historical rank and industry rank for Rocket Lab USA's Net Current Asset Value or its related term are showing as below:
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Rocket Lab USA was 85.10. The lowest was 4.26. And the median was 11.27.
The historical data trend for Rocket Lab USA'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.
Rocket Lab USA Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Net Current Asset Value | -0.58 | 1.09 | 0.73 | 0.18 |
Rocket Lab USA Quarterly Data | |||||||||||||||
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 | 0.59 | 0.39 | 0.29 | 0.18 | 0.05 |
For the Aerospace & Defense subindustry, Rocket Lab USA'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 Aerospace & Defense industry and Industrials sector, Rocket Lab USA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rocket Lab USA's Price-to-Net-Current-Asset-Value falls into.
Rocket Lab USA'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) |
= | (476.722 | - | 386.667 | - | 0 | - | 0) | / | 488.923 |
= | 0.18 |
Rocket Lab USA'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) |
= | (725.623 | - | 702.978 | - | 0 | - | 0) | / | 492.671 |
= | 0.05 |
* 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.
Rocket Lab USA (NAS:RKLB) 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 Rocket Lab USA's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Adam C. Spice | officer: Chief Financial Officer | 2051 PALOMAR AIRPORT ROAD, SUITE 100, CARLSBAD CA 92011 |
Arjun Kampani | officer: See Remarks | C/O AEROJET ROCKETDYNE HOLDINGS, INC., 2001 AEROJET ROAD, RANCHO CORDOVA CA 95742 |
Nina Armagno | director | C/O ROCKET LAB USA, INC., 3881 MCGOWEN ST, LONG BEACH CA 90808 |
Peter Beck | director, 10 percent owner, officer: President, CEO and Chairman | C/O ROCKET LAB USA, INC., 3881, LONG BEACH CA 90808 |
Michael D Griffin | director | 21700 ATLANTIC BLVD, ORBITAL SCIENCES CORP, DULLES VA 20166 |
Shaun O'donnell | officer: EVP - Global Operations | C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808 |
Edward H. Frank | director | C/O FUSION-IO, INC., 2855 E. COTTONWOOD PARKWAY, SUITE 100, SALT LAKE CITY UT 84121 |
Alexander R Slusky | director | 456 MONTGOMERY STREET, 19TH FLOOR, SAN FRANCISCO CA 94104 |
Khosla Ventures Seed B (cf), L.p. | 10 percent owner | 2128 SAND HILL ROAD, MENLO PARK CA 94025 |
Cowan David J/ca | director | 50 WOODSIDE PLAZA, SUITE 720, REDWOOD CITY CA 94061 |
Peek Street Equatorial Trustee Ltd | 10 percent owner | 123 CELTIC CRESCENT, ELLERSLIE, AUCKLAND Q2 1051 |
Jon A Olson | director | 2100 LOGIC DRIVE, SAN JOSE CA 95124 |
Equatorial Trust | 10 percent owner | 123 CELTIC CRESCENT, ELLERSLIE, AUCKLAND Q2 1051 |
Kerryn Beck | 10 percent owner | C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808 |
Warren Butler | 10 percent owner | C/O ROCKET LAB USA, INC., 3881 MCGOWEN STREET, LONG BEACH CA 90808 |
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