What is China MeiDong Auto 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).
China MeiDong Auto Holdings's net current asset value per share for the quarter that ended in Jun. 2024 was HK$-1.89.
The historical rank and industry rank for China MeiDong Auto Holdings's Net Current Asset Value or its related term are showing as below:
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of China MeiDong Auto Holdings was 111.45. The lowest was 14.10. And the median was 37.67.
HKSE:01268's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 5.265 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
China MeiDong Auto Holdings 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 MeiDong Auto Holdings Net Current Asset Value Chart
Competitive Comparison of China MeiDong Auto Holdings's Net Current Asset Value
For the Auto & Truck Dealerships subindustry, China MeiDong Auto 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.
China MeiDong Auto Holdings's Price-to-Net-Current-Asset-Value Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, China MeiDong Auto Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where China MeiDong Auto Holdings's Price-to-Net-Current-Asset-Value falls into.
China MeiDong Auto Holdings Net Current Asset Value Calculation
China MeiDong Auto 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.
China MeiDong Auto Holdings (HKSE:01268) 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 MeiDong Auto Holdings Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of China MeiDong Auto Holdings's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
China MeiDong Auto Holdings Ltd is an investment holding company, which is engaged in the sale of automobiles and the provision of integrated services. The group operates 4S dealership stores covering world-renowned brands which are popular among Chinese consumers, including BMW, Lexus, Toyota and Hyundai, and others. It derives revenue primarily from the sale of passenger vehicles and by providing after-sales services and geographically all the operations function through the region of China.
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