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RY (Royal Bank of Canada) Net Current Asset Value : $0.00 (As of Oct. 2024)


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What is Royal Bank of Canada 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).

Royal Bank of Canada's net current asset value per share for the quarter that ended in Oct. 2024 was $0.00.

The historical rank and industry rank for Royal Bank of Canada's Net Current Asset Value or its related term are showing as below:

RY's Price-to-Net-Current-Asset-Value is not ranked *
in the Banks industry.
Industry Median: 3.35
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Royal Bank of Canada Net Current Asset Value Historical Data

The historical data trend for Royal Bank of Canada'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.

Royal Bank of Canada Net Current Asset Value Chart

Royal Bank of Canada Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Net Current Asset Value
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Royal Bank of Canada Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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Competitive Comparison of Royal Bank of Canada's Net Current Asset Value

For the Banks - Diversified subindustry, Royal Bank of Canada'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.


Royal Bank of Canada's Price-to-Net-Current-Asset-Value Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Royal Bank of Canada's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Royal Bank of Canada's Price-to-Net-Current-Asset-Value falls into.



Royal Bank of Canada Net Current Asset Value Calculation

Royal Bank of Canada's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Oct. 2024 is calculated as

Net Current Asset Value Per Share(A: Oct. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-1486072.545-74.871-6556.662)/1414.5
=N/A

Royal Bank of Canada's Net Current Asset Value (NCAV) per share for the quarter that ended in Oct. 2024 is calculated as

Net Current Asset Value Per Share(Q: Oct. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(N/A-1486072.545-74.871-6556.662)/1414.5
=N/A

* 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.


Royal Bank of Canada  (NYSE:RY) 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.


Royal Bank of Canada Net Current Asset Value Related Terms

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Royal Bank of Canada Business Description

Address
1 Place Ville Marie, Corporate Secretary\'s Department, Montreal, QC, CAN, H3B 3A9
Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the US and other countries.