What is Milestone Furniture 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).
Milestone Furniture's net current asset value per share for the quarter that ended in Mar. 2023 was ₹16.86.
The historical rank and industry rank for Milestone Furniture's Net Current Asset Value or its related term are showing as below:
BOM:541337'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.28 Med: 0.56 Max: 0.96
Current: 0.46
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Milestone Furniture was 0.96. The lowest was 0.28. And the median was 0.56.
BOM:541337's Price-to-Net-Current-Asset-Value is ranked better than 98.54% of 274
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.945
vs BOM:541337: 0.46
Milestone Furniture Net Current Asset Value Historical Data
The historical data trend for Milestone Furniture'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 Milestone Furniture's Net Current Asset Value
For the Furnishings, Fixtures & Appliances subindustry, Milestone Furniture'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.
Milestone Furniture's Price-to-Net-Current-Asset-Value Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Milestone Furniture's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Milestone Furniture's Price-to-Net-Current-Asset-Value falls into.
Milestone Furniture Net Current Asset Value Calculation
Milestone Furniture's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 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.
Milestone Furniture (BOM:541337) 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.
Milestone Furniture Net Current Asset Value Related Terms
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Milestone Furniture (BOM:541337) Business Description
Milestone Furniture Ltd is engaged in the field of the household furniture business. It manufactures home and office furniture and is also involved in home and office design. The product portfolio includes basic plastic chair/ plastic storage solution/ Dining Tables into all segments like bedroom, dining, living room, essentials and mattresses which are needed at different points during their aspirational home building journey. The company has also spread its product portfolio to serve the institutional segment especially in segments like office seating, desking, and storage solutions. The product assortment covers both the large institutions and small office/home office's needs.
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