What is Shanghai Bairun Investment Holding Group 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).
SZSE:002568'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 11.1 Med: 56.82 Max: 1152.5
Current: 365.86
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shanghai Bairun Investment Holding Group Co was 1152.50. The lowest was 11.10. And the median was 56.82.
SZSE:002568's Price-to-Net-Current-Asset-Value is ranked worse than 97.44% of 117
companies
in the Beverages - Alcoholic industry
Industry Median: 6.61
vs SZSE:002568: 365.86
Shanghai Bairun Investment Holding Group 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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Shanghai Bairun Investment Holding Group Co Net Current Asset Value Chart
Shanghai Bairun Investment Holding Group Co Annual Data
Competitive Comparison of Shanghai Bairun Investment Holding Group Co's Net Current Asset Value
For the Beverages - Wineries & Distilleries subindustry, Shanghai Bairun Investment Holding Group 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.
Shanghai Bairun Investment Holding Group Co's Price-to-Net-Current-Asset-Value Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Shanghai Bairun Investment Holding Group Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shanghai Bairun Investment Holding Group 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.
Shanghai Bairun Investment Holding Group Co (SZSE:002568) 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.
Shanghai Bairun Investment Holding Group Co Net Current Asset Value Related Terms
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Shanghai Bairun Investment Holding Group Co Business Description
Shanghai Bairun Investment Holding Group Co Ltd is mainly engaged in the research and development, production, and sales of pre-mixed cocktails, flavors, and fragrances. The company's business is classified by channel, which includes Offline channels, Digital retail channels, and Ready-to-drink channels. The company generates revenue from the sale of Pre-mixed cocktails (with sparkling water etc.), and Food flavors. The company generates the majority of its revenue from Pre-mixed cocktails. The sales channels of the company's pre-mixed cocktail products include online direct sales channels.
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