What is Family Dollar Stores 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).
Family Dollar Stores's net current asset value per share for the quarter that ended in May. 2015 was €0.72.
The historical rank and industry rank for Family Dollar Stores's Net Current Asset Value or its related term are showing as below:
FRA:FAY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.04 Med: 11.87 Max: 877.88
Current: 877.88
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Family Dollar Stores was 877.88. The lowest was 3.04. And the median was 11.87.
FRA:FAY's Price-to-Net-Current-Asset-Value is not ranked
in the Retail - Defensive industry.
Industry Median: 4.34
vs FRA:FAY: 877.88
Family Dollar Stores Net Current Asset Value Historical Data
The historical data trend for Family Dollar Stores'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.
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Family Dollar Stores Net Current Asset Value Chart
Competitive Comparison of Family Dollar Stores's Net Current Asset Value
For the Discount Stores subindustry, Family Dollar Stores'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.
Family Dollar Stores's Price-to-Net-Current-Asset-Value Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Family Dollar Stores's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Family Dollar Stores's Price-to-Net-Current-Asset-Value falls into.
Family Dollar Stores Net Current Asset Value Calculation
Family Dollar Stores's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Aug. 2014 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.
Family Dollar Stores (FRA:FAY) 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.
Family Dollar Stores Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Family Dollar Stores's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Family Dollar Stores (FRA:FAY) Business Description
Family Dollar Stores Inc was incorporated in November 1959. The Company provides consumers with a selection of competitively priced merchandise in convenient neighbourhood stores. Its merchandise assortment includes Consumables, Home Products, Apparel and Accessories, and Seasonal and Electronics. It classifies the combination of Home Products, Apparel and Accessories, and Seasonal and Electronics as Discretionary. It operates general merchandise retail discount stores in 46 states, serving the basic needs of customers primarily in the low- and middle-income brackets. The stores are supported by 11 distribution centers and one Store Support Center. It competes for sales and store locations in varying degrees with international, national, regional and local retailing establishments, other discount stores, department stores, variety stores, dollar stores, discount clothing stores, drug stores, grocery stores, convenience stores, outlet stores, warehouse stores and other stores. The Company's trademark includes Family Dollar and Family Dollar Stores. Its business is subject to federal, state, local, and international laws, rules, and regulations, such as state and local wage and hour laws, anti-corruption laws, import and export laws, unclaimed property laws, and many others.
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