What is Sumitomo Forestry Co 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).
Sumitomo Forestry Co's net current asset value per share for the quarter that ended in Dec. 2023 was 円868.81.
The historical rank and industry rank for Sumitomo Forestry Co's Net Current Asset Value or its related term are showing as below:
TSE:1911'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.86 Med: 6.85 Max: 9.29
Current: 6.79
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sumitomo Forestry Co was 9.29. The lowest was 2.86. And the median was 6.85.
TSE:1911's Price-to-Net-Current-Asset-Value is ranked worse than 88% of 75
companies
in the Homebuilding & Construction industry
Industry Median: 1.69
vs TSE:1911: 6.79
Sumitomo Forestry Co Net Current Asset Value Historical Data
The historical data trend for Sumitomo Forestry Co'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.
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Sumitomo Forestry Co Net Current Asset Value Chart
Competitive Comparison of Sumitomo Forestry Co's Net Current Asset Value
For the Residential Construction subindustry, Sumitomo Forestry Co'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.
Sumitomo Forestry Co's Price-to-Net-Current-Asset-Value Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Sumitomo Forestry Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sumitomo Forestry Co's Price-to-Net-Current-Asset-Value falls into.
Sumitomo Forestry Co Net Current Asset Value Calculation
Sumitomo Forestry Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 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.
Sumitomo Forestry Co (TSE:1911) 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.
Sumitomo Forestry Co Net Current Asset Value Related Terms
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Sumitomo Forestry Co (TSE:1911) Business Description
Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.
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