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).
Mighty Kingdom's net current asset value per share for the quarter that ended in Jun. 2024 was A$0.01.
The historical rank and industry rank for Mighty Kingdom's Net Current Asset Value or its related term are showing as below:
ASX:MKL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.85 Med: 2.73 Max: 6
Current: 4.5
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Mighty Kingdom was 6.00. The lowest was 1.85. And the median was 2.73.
ASX:MKL's Price-to-Net-Current-Asset-Value is ranked worse than 53.28% of 381
companies
in the Interactive Media industry
Industry Median: 4.23
vs ASX:MKL: 4.50
Mighty Kingdom Net Current Asset Value Historical Data
The historical data trend for Mighty Kingdom'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.
Competitive Comparison of Mighty Kingdom's Net Current Asset Value
For the Electronic Gaming & Multimedia subindustry, Mighty Kingdom'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.
Mighty Kingdom's Price-to-Net-Current-Asset-Value Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Mighty Kingdom's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Mighty Kingdom's Price-to-Net-Current-Asset-Value falls into.
Mighty Kingdom Net Current Asset Value Calculation
Mighty Kingdom's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jun. 2024 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.
Mighty Kingdom (ASX:MKL) 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.
Mighty Kingdom Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Mighty Kingdom's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Mighty Kingdom Ltd is engaged in the development of games. The Group's principal activities are developing a broad portfolio of video games for console, PC, and mobile platforms. It has worked with companies including Disney, LEGO, Australian Red Cross, Funcom, Rogue, and Snapchat. Some of the games developed by the company include Sugar Slam, Ava's Manor, Wild Life, Heart Lake Rush, Danger Days, and Shopkins. It has its business activities in one area which is video games development. Mobile games and apps developed and/or published by the Group are made available for customers on different app stores, including Apple's App Store, Google's Google Play, and Valve's Steam Store.
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