What is Town Health International Medical 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).
HKSE:03886'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.13 Med: 3.54 Max: 6.15
Current: 2.13
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Town Health International Medical Group was 6.15. The lowest was 2.13. And the median was 3.54.
HKSE:03886's Price-to-Net-Current-Asset-Value is ranked better than 78.39% of 273
companies
in the Healthcare Providers & Services industry
Industry Median: 6.13
vs HKSE:03886: 2.13
Town Health International Medical Group 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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Town Health International Medical Group Net Current Asset Value Chart
Town Health International Medical Group Annual Data
Competitive Comparison of Town Health International Medical Group's Net Current Asset Value
For the Medical Care Facilities subindustry, Town Health International Medical 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.
Town Health International Medical Group's Price-to-Net-Current-Asset-Value Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Town Health International Medical Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Town Health International Medical 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.
Town Health International Medical Group (HKSE:03886) 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.
Town Health International Medical Group Net Current Asset Value Related Terms
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Town Health International Medical Group Business Description
Town Health International Medical Group Ltd is a Chinese healthcare services company. The company operates in the following business segments: Hong Kong medical services, which provides medical and dental services in Hong Kong; Hong Kong managed medical network business manages healthcare networks and provision of third-party medical networks; Mainland hospital management and medical services, which provides medical and dental services in the PRC; and Others, provides miscellaneous healthcare-related services and leasing of properties. Its geographic segments are Hong Kong and the PRC. It generates the majority of its revenue from the PRC.
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