GURUFOCUS.COM » STOCK LIST » USA » OTCPK » Compagnie Financiere Richemont SA (OTCPK:CFRHF) » Definitions » Net Current Asset Value
Switch to:

Compagnie Financiere Richemont Net Current Asset Value

: $10.12 (As of Mar. 2022)
View and export this data going back to 2008. Start your Free Trial

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).

Compagnie Financiere Richemont's net current asset value per share for the quarter that ended in Mar. 2022 was $10.12.

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

CFRHF' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.49   Med: 5.15   Max: 36.9
Current: 11.83

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Compagnie Financiere Richemont was 36.90. The lowest was 2.49. And the median was 5.15.

CFRHF's Price-to-Net-Current-Asset-Value is ranked worse than
82.64% of 530 companies
in the Retail - Cyclical industry
Industry Median: 3.28 vs CFRHF: 11.83

Compagnie Financiere Richemont Net Current Asset Value Historical Data

The historical data trend for Compagnie Financiere Richemont'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.

Compagnie Financiere Richemont Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Net Current Asset Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.91 12.38 6.80 7.62 10.12

Compagnie Financiere Richemont Semi-Annual Data
Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22
Net Current Asset Value 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 Premium Member Only Premium Member Only Premium Member Only 6.80 6.63 7.62 8.25 10.12

Competitive Comparison

For the Luxury Goods subindustry, Compagnie Financiere Richemont's Net Current Asset Value, along with its competitors' market caps and 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.

   

Compagnie Financiere Richemont Net Current Asset Value Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Compagnie Financiere Richemont's Net Current Asset Value distribution charts can be found below:

* The bar in red indicates where Compagnie Financiere Richemont's Net Current Asset Value falls into.



Compagnie Financiere Richemont Net Current Asset Value Calculation

Compagnie Financiere Richemont's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2022 is calculated as

Net Current Asset Value Per Share(A: Mar. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(27955.947136564-22161.894273128-53.964757709251-0)/567.438
=10.12

Compagnie Financiere Richemont's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2022 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(27955.947136564-22161.894273128-53.964757709251-0)/567.438
=10.12

* 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.


Compagnie Financiere Richemont  (OTCPK:CFRHF) 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. GuruFocus also publishes a monthly Net-Net newsletter.


Compagnie Financiere Richemont Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of Compagnie Financiere Richemont's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Compagnie Financiere Richemont Business Description

Compagnie Financiere Richemont logo
Address
50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293
Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up over 70% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 56% of revenue and over 95% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc. Online businesses include Yoox Net-a-Porter.

Compagnie Financiere Richemont Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)