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Vast Resources (FRA:D9A) Net Current Asset Value : €-0.01 (As of Oct. 2024)


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What is Vast 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).

Vast Resources's net current asset value per share for the quarter that ended in Oct. 2024 was €-0.01.

The historical rank and industry rank for Vast Resources's Net Current Asset Value or its related term are showing as below:

FRA:D9A's Price-to-Net-Current-Asset-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 6.1
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Vast Resources Net Current Asset Value Historical Data

The historical data trend for Vast 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.

Vast Resources Net Current Asset Value Chart

Vast Resources Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Apr20 Apr21 Apr22 Apr23 Apr24
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.41 -0.21 -0.17 -0.03 -0.02

Vast Resources Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.04 -0.03 -0.02 -0.02 -0.01

Competitive Comparison of Vast Resources's Net Current Asset Value

For the Other Industrial Metals & Mining subindustry, Vast 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.


Vast Resources's Price-to-Net-Current-Asset-Value Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vast Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Vast Resources's Price-to-Net-Current-Asset-Value falls into.


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Vast Resources Net Current Asset Value Calculation

Vast Resources's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Apr. 2024 is calculated as

Net Current Asset Value Per Share(A: Apr. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(3.051-25.494-0-0)/928.607
=-0.02

Vast Resources's Net Current Asset Value (NCAV) per share for the quarter that ended in Oct. 2024 is calculated as

Net Current Asset Value Per Share(Q: Oct. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(3.586-27.183-0-0)/2558.607
=-0.01

* 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.


Vast Resources  (FRA:D9A) 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 Graham’s 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.


Vast Resources Net Current Asset Value Related Terms

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Vast Resources Business Description

Traded in Other Exchanges
Address
c/o Arch Law Limited, 8 Bishopsgate, Huckletree Bishopsgate, London, GBR, EC2N 4BQ
Vast Resources PLC is focused on key mining opportunities in Romania, Zimbabwe and Tajikistan. The Group operates in one business segment, the development and mining of mineral assets. It is a resource development company producing copper concentrate, zinc concentrate and gold and silver concentrate from Manaila Polymetallic Mine based at Romania. It has interest in the underground mine, Baita Plai, which is a skarn deposit comprising veins in calcareous sediments in approximately eight distinct pipes. The geographical segments of the company includes Europe and Central Asia and Southern Africa. It has earned revenue from Europe and Central Asia.

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