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).
51 Credit Card's net current asset value per share for the quarter that ended in Dec. 2023 was HK$0.00.
The historical rank and industry rank for 51 Credit Card's Net Current Asset Value or its related term are showing as below:
HKSE:02051's Price-to-Net-Current-Asset-Value is not ranked *
in the Credit Services industry.
Industry Median: 1.815 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
51 Credit Card Net Current Asset Value Historical Data
The historical data trend for 51 Credit Card'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 51 Credit Card's Net Current Asset Value
For the Credit Services subindustry, 51 Credit Card'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.
51 Credit Card's Price-to-Net-Current-Asset-Value Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, 51 Credit Card's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where 51 Credit Card's Price-to-Net-Current-Asset-Value falls into.
51 Credit Card Net Current Asset Value Calculation
51 Credit Card'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.
51 Credit Card (HKSE:02051) 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.
51 Credit Card Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of 51 Credit Card's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
51 Credit Card Inc is an investment holding company. Along with its subsidiaries, it is engaged in providing one-stop personal financial technology services and SaaS services, covering personal credit management, credit card technology services and online credit facilitation and investment services in China. The firm derives revenue from Credit facilitation and service fee, Payment service fee, Credit card technology service fee, SaaS service fee and Other revenue. A majority of its revenue gets derived through Credit facilitation and service fee. The majority of the group's activities are carried out in Mainland China.
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