What is Da Yu Financial Holdings 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).
Da Yu Financial Holdings's net current asset value per share for the quarter that ended in Dec. 2023 was HK$0.06.
The historical rank and industry rank for Da Yu Financial Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:01073'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.66 Med: 2.99 Max: 4.55
Current: 1.66
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Da Yu Financial Holdings was 4.55. The lowest was 1.66. And the median was 2.99.
HKSE:01073's Price-to-Net-Current-Asset-Value is ranked better than 66.59% of 464
companies
in the Capital Markets industry
Industry Median: 2.955
vs HKSE:01073: 1.66
Da Yu Financial Holdings Net Current Asset Value Historical Data
The historical data trend for Da Yu Financial Holdings'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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Da Yu Financial Holdings Net Current Asset Value Chart
Competitive Comparison of Da Yu Financial Holdings's Net Current Asset Value
For the Capital Markets subindustry, Da Yu Financial Holdings'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.
Da Yu Financial Holdings's Price-to-Net-Current-Asset-Value Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Da Yu Financial Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Da Yu Financial Holdings's Price-to-Net-Current-Asset-Value falls into.
Da Yu Financial Holdings Net Current Asset Value Calculation
Da Yu Financial Holdings'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.
Da Yu Financial Holdings (HKSE:01073) 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.
Da Yu Financial Holdings Net Current Asset Value Related Terms
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Da Yu Financial Holdings (HKSE:01073) Business Description
Da Yu Financial Holdings Ltd is an investment holding company and is engaged in providing financial advisory services. It operates in four segments. The corporate finance advisory services include services incidental to financial advisory, compliance advisory services, placing agency and underwriting services, investment business, and others. The Asset management services include investment advisory services and sundry income derived from the provision of the services. The Securities and related services include the provision of securities broking, underwriting, and placing of securities and investment in securities. The money lending business includes the provision of loan financing and related services. The group mainly has operations located in Hong Kong.
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