What is Suzhou Industrial Park Heshun Electric 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:300141'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.14 Med: 6.53 Max: 12.29
Current: 6.71
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Suzhou Industrial Park Heshun Electric Co was 12.29. The lowest was 3.14. And the median was 6.53.
SZSE:300141's Price-to-Net-Current-Asset-Value is ranked worse than 65.63% of 2153
companies
in the Industrial Products industry
Industry Median: 4.26
vs SZSE:300141: 6.71
Suzhou Industrial Park Heshun Electric 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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Suzhou Industrial Park Heshun Electric Co Net Current Asset Value Chart
Suzhou Industrial Park Heshun Electric Co Annual Data
Competitive Comparison of Suzhou Industrial Park Heshun Electric Co's Net Current Asset Value
For the Electrical Equipment & Parts subindustry, Suzhou Industrial Park Heshun Electric 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.
Suzhou Industrial Park Heshun Electric Co's Price-to-Net-Current-Asset-Value Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Suzhou Industrial Park Heshun Electric Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Suzhou Industrial Park Heshun Electric Co's Price-to-Net-Current-Asset-Value falls into.
Suzhou Industrial Park Heshun Electric Co 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.
Suzhou Industrial Park Heshun Electric Co (SZSE:300141) 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.
Suzhou Industrial Park Heshun Electric Co Net Current Asset Value Related Terms
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Suzhou Industrial Park Heshun Electric Co (SZSE:300141) Business Description
Suzhou Industrial Park Heshun Electric Co Ltd is engaged in the manufacturing and sale of electrical equipments. The products of the company include high and low voltage equipment, high voltage capacitor, charging pile, power quality equipment, EPC engineering, and software platform.
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