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Yuhe International (Yuhe International) Net Current Asset Value : $1.59 (As of Mar. 2011)


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What is Yuhe International 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).

Yuhe International's net current asset value per share for the quarter that ended in Mar. 2011 was $1.59.

The historical rank and industry rank for Yuhe International's Net Current Asset Value or its related term are showing as below:

YUII's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.905
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Yuhe International Net Current Asset Value Historical Data

The historical data trend for Yuhe International'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.

* Premium members only.

Yuhe International Net Current Asset Value Chart

Yuhe International Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.01 - 0.29 -0.03 1.21

Yuhe International Quarterly Data
Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.39 0.48 1.21 1.59

Competitive Comparison of Yuhe International's Net Current Asset Value

For the Farm Products subindustry, Yuhe International'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.


Yuhe International's Price-to-Net-Current-Asset-Value Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yuhe International's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Yuhe International's Price-to-Net-Current-Asset-Value falls into.



Yuhe International Net Current Asset Value Calculation

Yuhe International's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2010 is calculated as

Net Current Asset Value Per Share(A: Dec. 2010 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(47.884-23.424-0-0)/20.2496
=1.21

Yuhe International's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2011 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2011 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(60.274-28.038-0-0)/20.2496
=1.59

* 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.


Yuhe International  (GREY:YUII) 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 Graham’s 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.


Yuhe International Net Current Asset Value Related Terms

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Yuhe International (Yuhe International) Business Description

Traded in Other Exchanges
N/A
Address
301 Hailong Street, Hanting Distric, Weifang, Shandong, CHN, 84106
Yuhe International Inc. is a supplier of day-old chickens raised for meat production, or broilers, in the People's Republic of China. The company operates in the middle of the commercial broiler chicken supply chain, where it purchases parent breeding stock from breeder farms, raises them to produce hatching eggs, and hatches the eggs to live day-old broilers, which are then sold to broiler raisers.

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