What is Vinh Son - Song Hinh Hydropower JSC 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 Vinh Son - Song Hinh Hydropower JSC's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Vinh Son - Song Hinh Hydropower JSC was 39.07. The lowest was 9.31. And the median was 20.83.
STC:VSH's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Regulated industry.
Industry Median: 5.51 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Vinh Son - Song Hinh Hydropower JSC 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.
* Premium members only.
Vinh Son - Song Hinh Hydropower JSC Net Current Asset Value Chart
Competitive Comparison of Vinh Son - Song Hinh Hydropower JSC's Net Current Asset Value
For the Utilities - Regulated Electric subindustry, Vinh Son - Song Hinh Hydropower JSC'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.
Vinh Son - Song Hinh Hydropower JSC's Price-to-Net-Current-Asset-Value Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Vinh Son - Song Hinh Hydropower JSC's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Vinh Son - Song Hinh Hydropower JSC's Price-to-Net-Current-Asset-Value falls into.
Vinh Son - Song Hinh Hydropower JSC Net Current Asset Value Calculation
* 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.
Vinh Son - Song Hinh Hydropower JSC (STC:VSH) 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.
Vinh Son - Song Hinh Hydropower JSC Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Vinh Son - Song Hinh Hydropower JSC's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Vinh Son - Song Hinh Hydropower JSC (STC:VSH) Business Description
Vinh Son - Song Hinh Hydropower JSC engages in the production and sale of electricity in Vietnam. The company is also involved in the service management, operation, and maintenance of hydropower plants; management consultancy and construction supervision of hydropower plant projects; and provision of design consulting services for irrigation, transportation, and hydroelectric works. In addition, it offers consulting and supervising services for the construction of hydraulic and traffic works; performs electricity experiments; trades in materials and equipment used in the hydroelectricity industry; invests in power projects construction activities, and operates in real estate business.
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