What is Mercantile Ports and Logistics 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).
The historical rank and industry rank for Mercantile Ports and Logistics'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 Mercantile Ports and Logistics was 23.01. The lowest was 0.41. And the median was 0.71.
LSE:MPL's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 3.92 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Mercantile Ports and Logistics 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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Mercantile Ports and Logistics Net Current Asset Value Chart
Competitive Comparison of Mercantile Ports and Logistics's Net Current Asset Value
For the Marine Shipping subindustry, Mercantile Ports and Logistics'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.
Mercantile Ports and Logistics's Price-to-Net-Current-Asset-Value Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Mercantile Ports and Logistics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Mercantile Ports and Logistics's Price-to-Net-Current-Asset-Value falls into.
Mercantile Ports and Logistics Net Current Asset Value Calculation
Mercantile Ports and Logistics's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 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.
Mercantile Ports and Logistics (LSE:MPL) 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.
Mercantile Ports and Logistics Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Mercantile Ports and Logistics's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Mercantile Ports and Logistics (LSE:MPL) Business Description
Mercantile Ports and Logistics Ltd develops, owns, and operates port and logistics facilities. The site of the company's first project is at Karanja Creek in the Raigad district of Maharashtra, where it intends to develop and operate a modern and efficient port and logistics complex. At the Karanja port, the company focuses on mid-stream discharge and loading of cargo while vessels wait at anchorage for a berth in JNPT, and coastal movement of cargoes, such as containers, cement, and other break-bulk cargo, which typically ply in smaller vessels. The company has only one operating and geographic segment, being the project on hand in India. The company generates the majority of its revenue from lease income operations.
Mercantile Ports and Logistics (LSE:MPL) Headlines
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