What is Oasis Crescent Property Fund 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).
Oasis Crescent Property Fund's net current asset value per share for the quarter that ended in Mar. 2024 was R2.64.
The historical rank and industry rank for Oasis Crescent Property Fund's Net Current Asset Value or its related term are showing as below:
JSE:OAS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.47 Med: 10.17 Max: 16
Current: 7.58
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Oasis Crescent Property Fund was 16.00. The lowest was 7.47. And the median was 10.17.
JSE:OAS's Price-to-Net-Current-Asset-Value is ranked worse than 52.34% of 107
companies
in the REITs industry
Industry Median: 7.5
vs JSE:OAS: 7.58
Oasis Crescent Property Fund Net Current Asset Value Historical Data
* 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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Oasis Crescent Property Fund Net Current Asset Value Chart
Competitive Comparison of Oasis Crescent Property Fund's Net Current Asset Value
For the REIT - Diversified subindustry, Oasis Crescent Property Fund'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.
Oasis Crescent Property Fund's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Oasis Crescent Property Fund's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Oasis Crescent Property Fund's Price-to-Net-Current-Asset-Value falls into.
Oasis Crescent Property Fund Net Current Asset Value Calculation
Oasis Crescent Property Fund's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2024 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.
Oasis Crescent Property Fund (JSE:OAS) 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.
Oasis Crescent Property Fund Net Current Asset Value Related Terms
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Oasis Crescent Property Fund (JSE:OAS) Business Description
Oasis Crescent Property Fund is a closed-ended REIT property fund established to provide sustainable income and real returns to investors by investing in shares of companies, collective investment schemes, and real estate investment trusts. The Fund operates in the following primary business segments such as Office - comprising office buildings and office parking, Industrial - industrial buildings such as warehouses and factories, Retail - comprising retail outlets, Investments - comprising financial assets at fair value through profit or loss, other financial assets at fair value through profit or loss, other short-term financial assets at fair value through profit or loss, other receivables and cash and cash equivalents.
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