What is Scientific and Medical Equipment House Co 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).
SAU:4014'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.42 Med: 3.51 Max: 4.18
Current: 2.42
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Scientific and Medical Equipment House Co was 4.18. The lowest was 2.42. And the median was 3.51.
SAU:4014's Price-to-Net-Current-Asset-Value is ranked better than 77.45% of 581
companies
in the Medical Devices & Instruments industry
Industry Median: 4.85
vs SAU:4014: 2.42
Scientific and Medical Equipment House Co 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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Scientific and Medical Equipment House Co Net Current Asset Value Chart
Scientific and Medical Equipment House Co Annual Data
Competitive Comparison of Scientific and Medical Equipment House Co's Net Current Asset Value
For the Medical Instruments & Supplies subindustry, Scientific and Medical Equipment House Co'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.
Scientific and Medical Equipment House Co's Price-to-Net-Current-Asset-Value Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Scientific and Medical Equipment House Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Scientific and Medical Equipment House Co'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.
Scientific and Medical Equipment House Co (SAU:4014) 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.
Scientific and Medical Equipment House Co Net Current Asset Value Related Terms
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Scientific and Medical Equipment House Co Business Description
Scientific and Medical Equipment House Co is engaged in general contracting of buildings, roads, and bridges, maintaining, cleaning, managing, and operating medical centers, maintenance of scientific and medical equipment, wholesale and retail trade in medical, laboratorial, and scientific equipment and its accessories, import and export services, and catering services among others. The company's reportable segments are; Operation and maintenance, Medical equipment sales and post-sale maintenance services revenue, Construction segment, Meat and food segment, and Medicine and medical supplies. A majority of its revenue is generated from the Operation and maintenance segment which deals with the supply of medical and non-medical staff and medical equipment maintenance services.
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