What is Advanced Digital Broadcast Holding 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 Advanced Digital Broadcast Holding'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 Advanced Digital Broadcast Holding was 12.21. The lowest was 0.00. And the median was 11.15.
LTS:0QLO's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 4.25 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Advanced Digital Broadcast Holding 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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Advanced Digital Broadcast Holding Net Current Asset Value Chart
Competitive Comparison of Advanced Digital Broadcast Holding's Net Current Asset Value
For the Communication Equipment subindustry, Advanced Digital Broadcast Holding'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.
Advanced Digital Broadcast Holding's Price-to-Net-Current-Asset-Value Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Advanced Digital Broadcast Holding's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Advanced Digital Broadcast Holding's Price-to-Net-Current-Asset-Value falls into.
Advanced Digital Broadcast Holding Net Current Asset Value Calculation
Advanced Digital Broadcast Holding's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2013 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.
Advanced Digital Broadcast Holding (LTS:0QLO) 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.
Advanced Digital Broadcast Holding Net Current Asset Value Related Terms
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Advanced Digital Broadcast Holding (LTS:0QLO) Business Description
Advanced Digital Broadcast Holding SA was incorporated on July 26, 2004 in the Canton of Geneva. The Company is engaged in the development and sale of equipment, services and software for the digital television and broadband data communication industry, and relies on third party contract manufacturers for the production of equipment. In 2005, the Company made an initial public offering. It develops and delivers diverse products to the worldwide digital television industry, supplying digital set-top boxes across all television transmission platforms such as cable, IPTV, satellite and terrestrial. Its customers include digital television operators, consumer electronics manufacturers and retail distributors of digital set-top boxes. The Company is in system integration, incorporating the industry's middleware, conditional access and hardware technologies and provide technically superior products, service and support, in as short time as possible.
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