What is CCSC Technology International Holdings 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).
CCTG'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.93 Med: 5.27 Max: 5.27
Current: 2.93
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of CCSC Technology International Holdings was 5.27. The lowest was 2.93. And the median was 5.27.
CCTG's Price-to-Net-Current-Asset-Value is ranked better than 69.04% of 2167
companies
in the Industrial Products industry
Industry Median: 4.98
vs CCTG: 2.93
CCSC Technology International Holdings Net Current Asset Value Historical Data
* 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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CCSC Technology International Holdings Net Current Asset Value Chart
CCSC Technology International Holdings Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Net Current Asset Value
0.43
0.75
0.70
0.55
CCSC Technology International Holdings Semi-Annual Data
Competitive Comparison of CCSC Technology International Holdings's Net Current Asset Value
For the Electrical Equipment & Parts subindustry, CCSC Technology International Holdings'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.
CCSC Technology International Holdings's Price-to-Net-Current-Asset-Value Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, CCSC Technology International Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where CCSC Technology International Holdings's Price-to-Net-Current-Asset-Value falls into.
CCSC Technology International Holdings Net Current Asset Value Calculation
* 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.
CCSC Technology International Holdings (NAS:CCTG) 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.
CCSC Technology International Holdings Net Current Asset Value Related Terms
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CCSC Technology International Holdings Business Description
CCSC Technology International Holdings Ltd along with its subsidiaries is involved in the sale, design, and manufacturing of interconnect products, including connectors, cables, and wire harnesses. Its products include customized interconnect products, including connectors, cables, and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. Geographically, the company generates maximum revenue from the sale of its products in Europe and the rest from the Americas and Asia.
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