What is Daito Trust Construction 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).
Daito Trust Construction Co's net current asset value per share for the quarter that ended in Mar. 2024 was $-5.43.
The historical rank and industry rank for Daito Trust Construction Co's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Daito Trust Construction Co was 771.70. The lowest was 37.39. And the median was 404.55.
DITTF's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.37 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Daito Trust Construction Co 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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Daito Trust Construction Co Net Current Asset Value Chart
Competitive Comparison of Daito Trust Construction Co's Net Current Asset Value
For the Real Estate - Diversified subindustry, Daito Trust Construction 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.
Daito Trust Construction Co's Price-to-Net-Current-Asset-Value Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Daito Trust Construction Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Daito Trust Construction Co's Price-to-Net-Current-Asset-Value falls into.
Daito Trust Construction Co Net Current Asset Value Calculation
Daito Trust Construction Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 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.
Daito Trust Construction Co (OTCPK:DITTF) 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.
Daito Trust Construction Co Net Current Asset Value Related Terms
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Daito Trust Construction Co (Daito Trust Construction Co) Business Description
Daito Trust Construction Co Ltd engages in the design and construction of apartments, condominiums, rental office buildings, factories, and warehouses. Additional activities include tenant recruiting, building maintenance, and contracting arrangements. A Lease Management Trust System sits at the center of Daito's operations. Under this system, business is divided between the construction business and the real estate business. The company plans and proposes building rental businesses to landowners, and then designs and constructs the contracted rental buildings. Daito also recruits tenants for its constructed rental buildings and provides property management and operation services for the buildings.
Daito Trust Construction Co (Daito Trust Construction Co) Headlines
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