What is New China Life Insurance 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).
New China Life Insurance Co's net current asset value per share for the quarter that ended in Mar. 2024 was €0.00.
The historical rank and industry rank for New China Life Insurance Co's Net Current Asset Value or its related term are showing as below:
FRA:NCL's Price-to-Net-Current-Asset-Value is not ranked *
in the Insurance industry.
Industry Median: 7.23 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
New China Life Insurance 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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New China Life Insurance Co Net Current Asset Value Chart
Competitive Comparison of New China Life Insurance Co's Net Current Asset Value
For the Insurance - Life subindustry, New China Life Insurance 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.
New China Life Insurance Co's Price-to-Net-Current-Asset-Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, New China Life Insurance Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where New China Life Insurance Co's Price-to-Net-Current-Asset-Value falls into.
New China Life Insurance Co Net Current Asset Value Calculation
New China Life Insurance Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 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.
New China Life Insurance Co (FRA:NCL) 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.
New China Life Insurance Co Net Current Asset Value Related Terms
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New China Life Insurance Co (FRA:NCL) Business Description
Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).
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