Nova (NVMI) Total Current Assets : $763.5 Mil (As of Mar. 2024)

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What is Nova Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Nova's total current assets for the quarter that ended in Mar. 2024 was $763.5 Mil.

Nova Total Current Assets Historical Data

The historical data trend for Nova's Total Current Assets 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.

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Nova Total Current Assets Chart

Nova Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Current Assets

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302.93

558.70

566.52

612.95

710.22

Nova Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Current Assets	Get a 7-Day Free Trial															649.12	664.51	724.85	710.22	763.47

Nova Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Nova's Total Current Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	443.682	+	111.918	+	138.198	+	16.422
	=	710.2

Nova's Total Current Assets for the quarter that ended in Mar. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	495.535	+	99.394	+	148.421	+	20.118
	=	763.5

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Nova (NAS:NVMI) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Nova's Liquidation Value for the quarter that ended in Mar. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	495.535	-	397.791	+	0.75 * 99.394	+	0.5 * 148.421
=	246.5

Nova Total Current Assets Related Terms

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Nova (NVMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nova Ltd (NAS:NVMI) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

NVMI:Israel NMR:Germany

Address

5 David Fikes Street, Rehovot, ISR, 7632805

Website

https://www.novami.com

Nova Ltd is a semiconductor equipment manufacturer. The company provides metrology solutions for process control used in semiconductor manufacturing. The company offers in-line optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems. The product range consists of Nova 2040, Nova 3090Next, Nova i500 and i500 Plus, Nova T500, Nova T600, Nova V2600, HelioSense 100, Nova Hybrid Metrology solution, NovaMars. The company generates majority of its revenue from Taiwan, R.O.C. Geographically the company has its business spread across the region of Taiwan, Korea, China, the United States, and Europe.

Executives

Marxe Austin W & Greenhouse David M

10 percent owner

C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022