SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'NCAV_real'
Prosperous Industrial (Holdings) (HKSE:01731) Net Current A
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).
Prosperous Industrial (Holdings)'s net current asset value per share for the quarter that ended in Jun. 2023 was HK$0.70.
The historical rank and industry rank for Prosperous Industrial (Holdings)'s Net Current Asset Value or its related term are showing as below:
HKSE:01731'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.37 Med: 1.32 Max: 2.82
Current: 0.84
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Prosperous Industrial (Holdings) was 2.82. The lowest was 0.37. And the median was 1.32.
HKSE:01731's Price-to-Net-Current-Asset-Value is ranked better than 90.72% of 625
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.3
vs HKSE:01731: 0.84
Prosperous Industrial (Holdings) Net Current Asset Value Historical Data
The historical data trend for Prosperous Industrial (Holdings)'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.
Prosperous Industrial (Holdings) Annual Data
Trend
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Net Current Asset Value
0.57
0.63
0.59
0.66
0.74
Prosperous Industrial (Holdings) Semi-Annual Data
Dec15
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Dec22
Jun23
Dec23
Net Current Asset Value
0.59
0.66
0.66
0.70
0.74
Competitive Comparison
For the Footwear & Accessories subindustry, Prosperous Industrial (Holdings)'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.
Prosperous Industrial (Holdings) Price-to-Net-Current-Asset-Value Distribution
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Prosperous Industrial (Holdings)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Prosperous Industrial (Holdings)'s Price-to-Net-Current-Asset-Value falls into.
Prosperous Industrial (Holdings) Net Current Asset Value Calculation
Prosperous Industrial (Holdings)'s Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 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.
Prosperous Industrial (Holdings) (HKSE:01731) 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.
Prosperous Industrial (Holdings) Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Prosperous Industrial (Holdings)'s Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Prosperous Industrial (Holdings) (HKSE:01731) Business Description
Prosperous Industrial (Holdings) Ltd is an investment holding company principally engaged in the manufacturing and sale of sports bags, handbags and luggage bags. The company's products are categorized as outdoor and sporting bags including day packs and overnight backpacks, which are designed with larger volumes; functional bags such as camera backpacks with multiple pockets and waterproof hydration backpacks; fashion and casual bags, as well as other bags and packs. The company mainly operates its products to North America, Asia, and Europe market.
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