What is Rockingdeals Circular Economy 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).
Rockingdeals Circular Economy's net current asset value per share for the quarter that ended in Mar. 2024 was ₹50.59.
The historical rank and industry rank for Rockingdeals Circular Economy's Net Current Asset Value or its related term are showing as below:
NSE:ROCKINGDCE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.78 Med: 7.22 Max: 7.22
Current: 3.78
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Rockingdeals Circular Economy was 7.22. The lowest was 3.78. And the median was 7.22.
NSE:ROCKINGDCE's Price-to-Net-Current-Asset-Value is ranked worse than 54.46% of 538
companies
in the Retail - Cyclical industry
Industry Median: 3.32
vs NSE:ROCKINGDCE: 3.78
Rockingdeals Circular Economy 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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Rockingdeals Circular Economy Net Current Asset Value Chart
Rockingdeals Circular Economy Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Net Current Asset Value
0.84
0.70
3.67
50.59
Rockingdeals Circular Economy Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Net Current Asset Value
0.84
0.70
3.67
50.59
Competitive Comparison of Rockingdeals Circular Economy's Net Current Asset Value
For the Department Stores subindustry, Rockingdeals Circular Economy'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.
Rockingdeals Circular Economy's Price-to-Net-Current-Asset-Value Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Rockingdeals Circular Economy's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rockingdeals Circular Economy'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.
Rockingdeals Circular Economy (NSE:ROCKINGDCE) 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.
Rockingdeals Circular Economy Net Current Asset Value Related Terms
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Rockingdeals Circular Economy Business Description
Rockingdeals Circular Economy Ltd is engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products and refurbished products. These products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear, etc. These products are generally of various brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.
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