What is Edensoft 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).
Edensoft Holdings's net current asset value per share for the quarter that ended in Dec. 2023 was HK$0.09.
The historical rank and industry rank for Edensoft Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:01147'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.74 Med: 0.88 Max: 1
Current: 0.77
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Edensoft Holdings was 1.00. The lowest was 0.74. And the median was 0.88.
HKSE:01147's Price-to-Net-Current-Asset-Value is ranked better than 96.55% of 1682
companies
in the Software industry
Industry Median: 5.33
vs HKSE:01147: 0.77
Edensoft Holdings Net Current Asset Value Historical Data
The historical data trend for Edensoft 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.
Competitive Comparison of Edensoft Holdings's Net Current Asset Value
For the Information Technology Services subindustry, Edensoft 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.
Edensoft Holdings's Price-to-Net-Current-Asset-Value Distribution in the Software Industry
For the Software industry and Technology sector, Edensoft Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Edensoft Holdings's Price-to-Net-Current-Asset-Value falls into.
Edensoft Holdings Net Current Asset Value Calculation
Edensoft 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.
Edensoft Holdings (HKSE:01147) 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.
Edensoft Holdings Net Current Asset Value Related Terms
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Edensoft Holdings (HKSE:01147) Business Description
Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN
Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and supporting services and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assess customers' needs and their existing IT environment and providing IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.
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