GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenyang Chemical Industry Co Ltd (SZSE:000698) » Definitions » Net Current Asset Value

Shenyang Chemical Industry Co (SZSE:000698) Net Current Asset Value : ¥-1.60 (As of Sep. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Shenyang Chemical Industry 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).

Shenyang Chemical Industry Co's net current asset value per share for the quarter that ended in Sep. 2024 was ¥-1.60.

The historical rank and industry rank for Shenyang Chemical Industry Co's Net Current Asset Value or its related term are showing as below:

SZSE:000698's Price-to-Net-Current-Asset-Value is not ranked *
in the Chemicals industry.
Industry Median: 5.28
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Shenyang Chemical Industry Co Net Current Asset Value Historical Data

The historical data trend for Shenyang Chemical Industry Co'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.

Shenyang Chemical Industry Co Net Current Asset Value Chart

Shenyang Chemical Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.78 -1.42 -1.31 -1.83 -2.23

Shenyang Chemical Industry Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.03 -2.23 -2.18 -1.75 -1.60

Competitive Comparison of Shenyang Chemical Industry Co's Net Current Asset Value

For the Chemicals subindustry, Shenyang Chemical Industry 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.


Shenyang Chemical Industry Co's Price-to-Net-Current-Asset-Value Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenyang Chemical Industry Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Shenyang Chemical Industry Co's Price-to-Net-Current-Asset-Value falls into.



Shenyang Chemical Industry Co Net Current Asset Value Calculation

Shenyang Chemical Industry Co'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)
=(2715.341-4529.818-10.95-0)/819.514
=-2.23

Shenyang Chemical Industry Co's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2024 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1883.771-3186.432-11.434-0)/819.514
=-1.60

* 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.


Shenyang Chemical Industry Co  (SZSE:000698) 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.


Shenyang Chemical Industry Co Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of Shenyang Chemical Industry Co's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenyang Chemical Industry Co Business Description

Traded in Other Exchanges
N/A
Address
No. 46 Weigong North Street, Tiexi District, Liaoning Province, Shenyang, CHN, 110026
Shenyang Chemical Industry Co Ltd is a China-based company engaged in the business of chlor-alkali chemical, petrochemical, and chemical new materials. Its product portfolio comprises PVC paste resin, toluene, benzene, sodium hypochlorite, industrial liquid chlorine, caustic soda, catalytic thermal cracking ethylene, acrylic acid and ester, Ether polyols and other products.
Executives
Li Chun Ming Executives
Zhang Zhen Yang Executives
Yang Zhi Guo Directors, Directors, and Executives
Dan Bao Fan Executives
Yang Ye Supervisors
Wang Yi Supervisors
Han Bai Executives
Liang Hui Shan Executives
Cao Xiu Ying Directors, executives

Shenyang Chemical Industry Co Headlines

No Headlines