GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Four Seasons Education (Cayman) Inc (NYSE:FEDU) » Definitions » Net Current Asset Value

Four Seasons Education (Cayman) (Four Seasons Education (Cayman)) Net Current Asset Value : $27.40 (As of Aug. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Four Seasons Education (Cayman) 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).

Four Seasons Education (Cayman)'s net current asset value per share for the quarter that ended in Aug. 2023 was $27.40.

The historical rank and industry rank for Four Seasons Education (Cayman)'s Net Current Asset Value or its related term are showing as below:

FEDU' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.34   Med: 2.3   Max: 5.28
Current: 0.34

During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Four Seasons Education (Cayman) was 5.28. The lowest was 0.34. And the median was 2.30.

FEDU's Price-to-Net-Current-Asset-Value is ranked better than
96.36% of 110 companies
in the Education industry
Industry Median: 5.275 vs FEDU: 0.34

Four Seasons Education (Cayman) Net Current Asset Value Historical Data

The historical data trend for Four Seasons Education (Cayman)'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.

Four Seasons Education (Cayman) Net Current Asset Value Chart

Four Seasons Education (Cayman) Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Net Current Asset Value
Get a 7-Day Free Trial 17.05 12.94 9.26 27.42 25.39

Four Seasons Education (Cayman) Semi-Annual Data
Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
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 31.41 27.42 19.32 25.39 27.40

Competitive Comparison of Four Seasons Education (Cayman)'s Net Current Asset Value

For the Education & Training Services subindustry, Four Seasons Education (Cayman)'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.


Four Seasons Education (Cayman)'s Price-to-Net-Current-Asset-Value Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Four Seasons Education (Cayman)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Four Seasons Education (Cayman)'s Price-to-Net-Current-Asset-Value falls into.



Four Seasons Education (Cayman) Net Current Asset Value Calculation

Four Seasons Education (Cayman)'s Net Current Asset Value (NCAV) per share for the fiscal year that ended in Feb. 2023 is calculated as

Net Current Asset Value Per Share(A: Feb. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(74.757-13.037-7.92-0)/2.11892
=25.39

Four Seasons Education (Cayman)'s Net Current Asset Value (NCAV) per share for the quarter that ended in Aug. 2023 is calculated as

Net Current Asset Value Per Share(Q: Aug. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(72.126-14.071-0-0)/2.1189
=27.40

* 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.


Four Seasons Education (Cayman)  (NYSE:FEDU) 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.


Four Seasons Education (Cayman) Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of Four Seasons Education (Cayman)'s Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Four Seasons Education (Cayman) (Four Seasons Education (Cayman)) Business Description

Traded in Other Exchanges
N/A
Address
309 Yuyuan Road, Room 1301, Zi'an Building, Jing'an District, Shanghai, CHN, 200040
Four Seasons Education (Cayman) Inc is engaged in the provision of after-school education services for kindergarten, elementary and middle school students. The company is a comprehensive educational enterprise that provides research practice services, educational informatization equipment, high-quality educational resources, and teacher training, as well as a digital publishing business, and continues to expand in educational research and educational informatization.