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Precision Tsugami (China) (HKSE:01651) Net Current Asset Value : HK$5.46 (As of Sep. 2023)


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What is Precision Tsugami (China) 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).

Precision Tsugami (China)'s net current asset value per share for the quarter that ended in Sep. 2023 was HK$5.46.

The historical rank and industry rank for Precision Tsugami (China)'s Net Current Asset Value or its related term are showing as below:

HKSE:01651' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.41   Med: 2.19   Max: 4.53
Current: 1.74

During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Precision Tsugami (China) was 4.53. The lowest was 1.41. And the median was 2.19.

HKSE:01651's Price-to-Net-Current-Asset-Value is ranked better than
83.4% of 2156 companies
in the Industrial Products industry
Industry Median: 4.425 vs HKSE:01651: 1.74

Precision Tsugami (China) Net Current Asset Value Historical Data

The historical data trend for Precision Tsugami (China)'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.

Precision Tsugami (China) Net Current Asset Value Chart

Precision Tsugami (China) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only 3.11 2.78 3.71 5.10 5.65

Precision Tsugami (China) Semi-Annual Data
Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 4.73 5.10 5.14 5.65 5.46

Competitive Comparison of Precision Tsugami (China)'s Net Current Asset Value

For the Tools & Accessories subindustry, Precision Tsugami (China)'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.


Precision Tsugami (China)'s Price-to-Net-Current-Asset-Value Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Precision Tsugami (China)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Precision Tsugami (China)'s Price-to-Net-Current-Asset-Value falls into.



Precision Tsugami (China) Net Current Asset Value Calculation

Precision Tsugami (China)'s Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net Current Asset Value Per Share(A: Mar. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(3269.382-1116.753-0-0)/380.804
=5.65

Precision Tsugami (China)'s Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2023 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2910.358-829.846-0-0)/380.804
=5.46

* 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.


Precision Tsugami (China)  (HKSE:01651) 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.


Precision Tsugami (China) Net Current Asset Value Related Terms

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Precision Tsugami (China) (HKSE:01651) Business Description

Traded in Other Exchanges
N/A
Address
No. 2001 Pingcheng Road, Pinghu Economic-Technological Development Zone, Zhejiang Province, Pinghu, CHN, 314200
Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.

Precision Tsugami (China) (HKSE:01651) Headlines

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