What is Golden Mile Resources 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).
Golden Mile Resources's net current asset value per share for the quarter that ended in Dec. 2024 was A$0.00.
The historical rank and industry rank for Golden Mile Resources's Net Current Asset Value or its related term are showing as below:
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Golden Mile Resources was 14.52. The lowest was 2.18. And the median was 4.55.
ASX:G88's Price-to-Net-Current-Asset-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 5.5 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Golden Mile Resources Net Current Asset Value Historical Data
The historical data trend for Golden Mile Resources'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.
Golden Mile Resources Net Current Asset Value Chart
Competitive Comparison of Golden Mile Resources's Net Current Asset Value
For the Other Industrial Metals & Mining subindustry, Golden Mile Resources'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.
Golden Mile Resources's Price-to-Net-Current-Asset-Value Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Golden Mile Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Golden Mile Resources's Price-to-Net-Current-Asset-Value falls into.
* 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.
Golden Mile Resources (ASX:G88) 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.
Golden Mile Resources Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Golden Mile Resources's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Golden Mile Resources Ltd is an Australian based exploration company that owns several resource tenements in Western Australia and is actively exploring the tenements for gold, nickel and cobalt and related resources. Its projects include Quicksilver Nickel-Cobalt Project, Minara Nickel-Cobalt Project, Ironstone Well Au Project, Murchison Lithium and Gold, Yarrambee Project, Darlot Au Project, Yuinmery Project, Gidgee Polymetallic Project and Leonora East Gold Project. The principal business and geographical segment of the company is Mineral Exploration within Western Australia.
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