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AVIC Electromechanical Systems Co (SZSE:002013) Net Current Asset Value : ¥0.93 (As of Sep. 2022)


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What is AVIC Electromechanical Systems 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).

AVIC Electromechanical Systems Co's net current asset value per share for the quarter that ended in Sep. 2022 was ¥0.93.

The historical rank and industry rank for AVIC Electromechanical Systems Co's Net Current Asset Value or its related term are showing as below:

SZSE:002013's Price-to-Net-Current-Asset-Value is not ranked *
in the Aerospace & Defense industry.
Industry Median: 9.845
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

AVIC Electromechanical Systems Co Net Current Asset Value Historical Data

The historical data trend for AVIC Electromechanical Systems 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.

AVIC Electromechanical Systems Co Net Current Asset Value Chart

AVIC Electromechanical Systems Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.20 -0.21 -0.07 0.56 0.82

AVIC Electromechanical Systems Co Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 0.73 0.82 0.94 0.89 0.93

Competitive Comparison of AVIC Electromechanical Systems Co's Net Current Asset Value

For the Aerospace & Defense subindustry, AVIC Electromechanical Systems 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.


AVIC Electromechanical Systems Co's Price-to-Net-Current-Asset-Value Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AVIC Electromechanical Systems Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where AVIC Electromechanical Systems Co's Price-to-Net-Current-Asset-Value falls into.


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AVIC Electromechanical Systems Co Net Current Asset Value Calculation

AVIC Electromechanical Systems Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net Current Asset Value Per Share(A: Dec. 2021 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(24092.029-17658.142-3243.983-0)/3884.825
=0.82

AVIC Electromechanical Systems Co's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2022 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2022 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(25057.034-18155.408-3288.44-0)/3884.825
=0.93

* 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.


AVIC Electromechanical Systems Co  (SZSE:002013) 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.


AVIC Electromechanical Systems Co Net Current Asset Value Related Terms

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AVIC Electromechanical Systems Co Business Description

Traded in Other Exchanges
N/A
Address
No. 5A, Chaoguang Xi Li, Room 610, Block E, Building 20, Chaoyang District, Beijing, CHN
AVIC Electromechanical Systems Co Ltd provides aerospace electromechanical systems to the aviation industry. It offers aero-electromechanical systems, including on-board flight control subsystems, suspension and emission control systems, onboard power supply subsystems, aircraft airborne fuel measurement systems, and onboard hydraulic actuation. It is also engaged in the research and development, manufacturing and sales of devices, engine ignition systems and devices, and drone launch systems. The company's military aviation electromechanical business provides ancillary products and services for military aircraft under development in China. In addition, it is also engaged in the business areas of Car carrier industry, Refrigeration and medical device industry and Electric power equipment.
Executives
Zhou Yong Executives
Li Bing Directors, executives
Mao Zun Ping Executives
Xia Bao Qi Secretary Dong
Wang Jian Director
Liu Jun Min Independent director
Guo Ting Ren Supervisors
Wang Wei Executives
Zhou Chun Hua Executives
Yang You Chang Director
Meng Jun Directors, executives
Zhang Yuan Yuan Supervisors
Wang Zhi Biao Supervisors
Jin Wu Qiang Supervisors
Chen Chang Fu Director

AVIC Electromechanical Systems Co Headlines

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