What is China National Culture Group 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).
China National Culture Group's net current asset value per share for the quarter that ended in Sep. 2023 was HK$0.62.
The historical rank and industry rank for China National Culture Group's Net Current Asset Value or its related term are showing as below:
HKSE:00745'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.22 Med: 2.69 Max: 36.67
Current: 0.27
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of China National Culture Group was 36.67. The lowest was 0.22. And the median was 2.69.
HKSE:00745's Price-to-Net-Current-Asset-Value is ranked better than 97.74% of 531
companies
in the Media - Diversified industry
Industry Median: 3.26
vs HKSE:00745: 0.27
China National Culture Group 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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China National Culture Group Net Current Asset Value Chart
Competitive Comparison of China National Culture Group's Net Current Asset Value
For the Advertising Agencies subindustry, China National Culture Group'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.
China National Culture Group's Price-to-Net-Current-Asset-Value Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, China National Culture Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where China National Culture Group's Price-to-Net-Current-Asset-Value falls into.
China National Culture Group Net Current Asset Value Calculation
China National Culture Group's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 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.
China National Culture Group (HKSE:00745) 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.
China National Culture Group Net Current Asset Value Related Terms
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China National Culture Group (HKSE:00745) Business Description
China National Culture Group Ltd is a Hong Kong-based investment holding company engaged in advertising media services, e-commerce, film production, and distribution business. The company mainly operates through three segments. The Advertising segment is engaged in the provision of value-added services through mobile devices. The Movie segment is engaged in the production and distribution of films and the provision of other film-related services. The E-commerce segment is engaged in the sales of products on the Internet. The Advertising segment contributes to the majority of the business. Geographically, the company operates in Hong Kong, and China, of which key revenue is generated from China.
China National Culture Group (HKSE:00745) Headlines
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