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Muscat Thread MillsOG (MUS:MTMI) Net Current Asset Value : ر.ع0.07 (As of Dec. 2023)


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What is Muscat Thread MillsOG 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).

Muscat Thread MillsOG's net current asset value per share for the quarter that ended in Dec. 2023 was ر.ع0.07.

The historical rank and industry rank for Muscat Thread MillsOG's Net Current Asset Value or its related term are showing as below:

MUS:MTMI' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.84   Med: 1.23   Max: 2.4
Current: 1.46

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Muscat Thread MillsOG was 2.40. The lowest was 0.84. And the median was 1.23.

MUS:MTMI's Price-to-Net-Current-Asset-Value is ranked better than
77.17% of 622 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.55 vs MUS:MTMI: 1.46

Muscat Thread MillsOG Net Current Asset Value Historical Data

The historical data trend for Muscat Thread MillsOG'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.

* Premium members only.

Muscat Thread MillsOG Net Current Asset Value Chart

Muscat Thread MillsOG Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.07 0.06 0.06 0.07

Muscat Thread MillsOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec21 Dec22 Dec23
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.07 0.06 0.06 0.07

Competitive Comparison of Muscat Thread MillsOG's Net Current Asset Value

For the Textile Manufacturing subindustry, Muscat Thread MillsOG'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.


Muscat Thread MillsOG's Price-to-Net-Current-Asset-Value Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Muscat Thread MillsOG's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Muscat Thread MillsOG's Price-to-Net-Current-Asset-Value falls into.



Muscat Thread MillsOG Net Current Asset Value Calculation

Muscat Thread MillsOG's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(A: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2.33-1.21-0-0)/16.3941
=0.07

Muscat Thread MillsOG's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2.33-1.21-0-0)/16.3941
=0.07

* 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.


Muscat Thread MillsOG  (MUS:MTMI) 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 Graham’s 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.


Muscat Thread MillsOG Net Current Asset Value Related Terms

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Muscat Thread MillsOG Business Description

Traded in Other Exchanges
N/A
Address
Road No 18, P.O.Box 122, Rusayl, OMN, 124
Muscat Thread Mills SAOG manufactures and markets sewing threads in the Sultanate of Oman. It offers apparel sewing, embroidery, fire-resistant, and water-soluble threads under the Boat and Silver Falcon brand names. The firm's revenue is mainly generated from exports. The company also markets its products to Bangladesh, Sri Lanka, India, Pakistan, the United Arab Emirates, Turkey, Jordan, Madagascar, Kenya, Egypt, Mauritius, Saudi Arabia, Indonesia, Qatar, and Kuwait.

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