What is Guoquan Food (Shanghai) 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).
Guoquan Food (Shanghai) Co's net current asset value per share for the quarter that ended in Dec. 2023 was HK$0.59.
The historical rank and industry rank for Guoquan Food (Shanghai) Co's Net Current Asset Value or its related term are showing as below:
HKSE:02517'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.02 Med: 12.54 Max: 12.54
Current: 9.29
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Guoquan Food (Shanghai) Co was 12.54. The lowest was 9.02. And the median was 12.54.
HKSE:02517's Price-to-Net-Current-Asset-Value is ranked worse than 70.31% of 970
companies
in the Consumer Packaged Goods industry
Industry Median: 4.895
vs HKSE:02517: 9.29
Guoquan Food (Shanghai) 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.
* Premium members only.
Guoquan Food (Shanghai) Co Net Current Asset Value Chart
Guoquan Food (Shanghai) Co Annual Data
Trend
Dec20
Dec21
Dec22
Dec23
Net Current Asset Value
0.24
0.59
0.38
0.59
Guoquan Food (Shanghai) Co Semi-Annual Data
Dec20
Dec21
Dec22
Dec23
Net Current Asset Value
0.24
0.59
0.38
0.59
Competitive Comparison of Guoquan Food (Shanghai) Co's Net Current Asset Value
For the Packaged Foods subindustry, Guoquan Food (Shanghai) 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.
Guoquan Food (Shanghai) Co's Price-to-Net-Current-Asset-Value Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Guoquan Food (Shanghai) Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Guoquan Food (Shanghai) Co's Price-to-Net-Current-Asset-Value falls into.
Guoquan Food (Shanghai) Co Net Current Asset Value Calculation
Guoquan Food (Shanghai) Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Guoquan Food (Shanghai) Co (HKSE:02517) 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.
Guoquan Food (Shanghai) Co Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Guoquan Food (Shanghai) Co's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Guoquan Food (Shanghai) Co (HKSE:02517) Business Description
Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02517 has been successfully added to your