What is Deterra Royalties 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).
Deterra Royalties's net current asset value per share for the quarter that ended in Dec. 2023 was A$0.14.
The historical rank and industry rank for Deterra Royalties's Net Current Asset Value or its related term are showing as below:
ASX:DRR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 21.2 Med: 39.64 Max: 45
Current: 34.93
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Deterra Royalties was 45.00. The lowest was 21.20. And the median was 39.64.
ASX:DRR's Price-to-Net-Current-Asset-Value is ranked worse than 94.96% of 1151
companies
in the Metals & Mining industry
Industry Median: 5
vs ASX:DRR: 34.93
Deterra Royalties Net Current Asset Value Historical Data
The historical data trend for Deterra Royalties'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 Deterra Royalties's Net Current Asset Value
For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.
Deterra Royalties's Price-to-Net-Current-Asset-Value Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Deterra Royalties's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Deterra Royalties's Price-to-Net-Current-Asset-Value falls into.
Deterra Royalties Net Current Asset Value Calculation
Deterra Royalties's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jun. 2023 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.
Deterra Royalties (ASX:DRR) 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.
Deterra Royalties Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Deterra Royalties's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.
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