What is China Risun 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 Risun Group's net current asset value per share for the quarter that ended in Dec. 2024 was HK$-6.38.
The historical rank and industry rank for China Risun Group's Net Current Asset Value or its related term are showing as below:
HKSE:01907's Price-to-Net-Current-Asset-Value is not ranked *
in the Chemicals industry.
Industry Median: 5.02 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
China Risun Group Net Current Asset Value Historical Data
The historical data trend for China Risun Group'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 China Risun Group's Net Current Asset Value
For the Chemicals subindustry, China Risun 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 Risun Group's Price-to-Net-Current-Asset-Value Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, China Risun Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where China Risun Group's Price-to-Net-Current-Asset-Value falls into.
* 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 Risun Group (HKSE:01907) 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 Risun Group Net Current Asset Value Related Terms
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China Risun Group Ltd is an integrated coke, coking chemical, and refined chemical producer and supplier in China. The company's reportable segments are Coke and coking chemicals manufacturing, Refined chemicals manufacturing, Operation management, Trading, and Others. It generates maximum revenue from the Refined Chemicals manufacturing segment, which includes the purchase of coking chemicals from the group's coke and coking chemicals manufacturing segment and third parties, and processing such coking chemicals into refined chemical products, as well as marketing and selling such refined chemicals. The various products offered under this segment include Benzene, Phthalic anhydride, Anthracene oil, Coking crude benzene, Xylene, Coal tar, etc.
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