GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » XP Log Fundo de Investimento Imobiliario (BSP:XPLG11) » Definitions » Net Current Asset Value

XP Log Fundo de Investimento Imobiliario (BSP:XPLG11) Net Current Asset Value : R$29.78 (As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is XP Log Fundo de Investimento Imobiliario 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).

XP Log Fundo de Investimento Imobiliario's net current asset value per share for the quarter that ended in Dec. 2023 was R$29.78.

The historical rank and industry rank for XP Log Fundo de Investimento Imobiliario's Net Current Asset Value or its related term are showing as below:

BSP:XPLG11' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.96   Med: 3.57   Max: 3.66
Current: 3.49

During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of XP Log Fundo de Investimento Imobiliario was 3.66. The lowest was 2.96. And the median was 3.57.

BSP:XPLG11's Price-to-Net-Current-Asset-Value is ranked better than
70.09% of 107 companies
in the REITs industry
Industry Median: 7.33 vs BSP:XPLG11: 3.49

XP Log Fundo de Investimento Imobiliario Net Current Asset Value Historical Data

The historical data trend for XP Log Fundo de Investimento Imobiliario'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.

XP Log Fundo de Investimento Imobiliario Net Current Asset Value Chart

XP Log Fundo de Investimento Imobiliario Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
- 34.61 27.76 29.78

XP Log Fundo de Investimento Imobiliario Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Net Current Asset Value - 34.61 27.76 29.78

Competitive Comparison of XP Log Fundo de Investimento Imobiliario's Net Current Asset Value

For the REIT - Industrial subindustry, XP Log Fundo de Investimento Imobiliario'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.


XP Log Fundo de Investimento Imobiliario's Price-to-Net-Current-Asset-Value Distribution in the REITs Industry

For the REITs industry and Real Estate sector, XP Log Fundo de Investimento Imobiliario's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where XP Log Fundo de Investimento Imobiliario's Price-to-Net-Current-Asset-Value falls into.



XP Log Fundo de Investimento Imobiliario Net Current Asset Value Calculation

XP Log Fundo de Investimento Imobiliario'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)
=(1130.299-248.456-0-0)/29.6132
=29.78

XP Log Fundo de Investimento Imobiliario's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1130.299-248.456-0-0)/29.6132
=29.78

* 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.


XP Log Fundo de Investimento Imobiliario  (BSP:XPLG11) 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.


XP Log Fundo de Investimento Imobiliario Net Current Asset Value Related Terms

Thank you for viewing the detailed overview of XP Log Fundo de Investimento Imobiliario's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.


XP Log Fundo de Investimento Imobiliario (BSP:XPLG11) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Brigadeiro Faria Lima, 2277, 2 andar, conjunto 202, Jardim Paulistano, Sao Paulo, SP, BRA, CEP 01452-000
XP Log Fundo de Investimento Imobiliario is a real estate investment trust. Its objective is to obtain income, by investing at least two thirds of the shareholders' equity, directly or indirectly, in commercial exploitation of enterprises mainly in the logistics or industrial area, by means of the lease of any real rights over real estate, however, may seek capital gain, through the purchase and sale of real estate, quotas and or shares of special purpose companies that hold real rights over properties. Additionally, on a complementary basis, the Fund may make investments in other financial assets.

XP Log Fundo de Investimento Imobiliario (BSP:XPLG11) Headlines

No Headlines