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).
Steel Excel's net current asset value per share for the quarter that ended in Jun. 2016 was $12.46.
The historical rank and industry rank for Steel Excel's Net Current Asset Value or its related term are showing as below:
SXCL's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.865 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Steel Excel Net Current Asset Value Historical Data
The historical data trend for Steel Excel'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.
Competitive Comparison of Steel Excel's Net Current Asset Value
For the Oil & Gas Equipment & Services subindustry, Steel Excel'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.
Steel Excel's Price-to-Net-Current-Asset-Value Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Steel Excel's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Steel Excel's Price-to-Net-Current-Asset-Value falls into.
Steel Excel Net Current Asset Value Calculation
Steel Excel's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2015 is calculated as
* 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.
Steel Excel (OTCPK:SXCL) 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.
Steel Excel Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Steel Excel's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Steel Excel Inc formerly known as Adaptec Inc was incorporated in California on 1981. The Company together with it subsidiaries operates in two segments Energy and Sports. The Company's Energy business provides drilling and production services to the oil and gas industry. Its Sports business provides event-based sports services and other health-related services. The Company also continues to identify business acquisition opportunities in other unrelated industries. The Energy business provides various services to exploration and production companies in the oil and gas business. The services provided include well completion and recompletion, snubbing, flow testing, well maintenance and workover, down hole pumping, plug and abatement, and rental of auxiliary equipment. The Sports business provides baseball facility services, soccer camps and leagues, and strength and conditioning services. The baseball facility services, which include tournaments, camps, field rentals and player and umpire instruction, are provided at its facility that is equipped with four full-sized outdoor fields, three smaller youth-sized outdoor fields, and an indoor facility. Soccer camps and leagues are run at facilities owned by municipalities or schools and are run either in conjunction with local youth soccer leagues or as a stand-alone offering. Strength and conditioning services are provided at the two CrossFit facilities. The Company's businesses are subject to multiple federal, state, and local laws and regulations pertaining to worker safety, the handling of hazardous materials, transportation standards, and the environment.
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