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Daodaoquan Grain and Oil Co (SZSE:002852) Net Current Asset Value : ¥-0.86 (As of Mar. 2024)


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What is Daodaoquan Grain and Oil 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).

Daodaoquan Grain and Oil Co's net current asset value per share for the quarter that ended in Mar. 2024 was ¥-0.86.

The historical rank and industry rank for Daodaoquan Grain and Oil Co's Net Current Asset Value or its related term are showing as below:

During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Daodaoquan Grain and Oil Co was 362.75. The lowest was 2.82. And the median was 4.76.

SZSE:002852's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.73
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Daodaoquan Grain and Oil Co Net Current Asset Value Historical Data

The historical data trend for Daodaoquan Grain and Oil Co'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.

Daodaoquan Grain and Oil Co Net Current Asset Value Chart

Daodaoquan Grain and Oil Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.19 0.42 0.12 -1.47 -1.19

Daodaoquan Grain and Oil Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only -1.19 -1.08 -0.94 -1.19 -0.86

Competitive Comparison of Daodaoquan Grain and Oil Co's Net Current Asset Value

For the Packaged Foods subindustry, Daodaoquan Grain and Oil 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.


Daodaoquan Grain and Oil 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, Daodaoquan Grain and Oil Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Daodaoquan Grain and Oil Co's Price-to-Net-Current-Asset-Value falls into.



Daodaoquan Grain and Oil Co Net Current Asset Value Calculation

Daodaoquan Grain and Oil Co'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)
=(2376.998-2734.36-53.337-0)/343.968
=-1.19

Daodaoquan Grain and Oil Co's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2024 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2015.495-2256.608-54.661-0)/343.968
=-0.86

* 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.


Daodaoquan Grain and Oil Co  (SZSE:002852) 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.


Daodaoquan Grain and Oil Co Net Current Asset Value Related Terms

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Daodaoquan Grain and Oil Co (SZSE:002852) Business Description

Traded in Other Exchanges
N/A
Address
No. 113 Yingpanling Road, Economic and Technological Development Zone, Yueyang, CHN, 414000
Daodaoquan Grain and Oil Co Ltd is a Chinese integrated oil processing company. The company also provides warehousing and logistics services. The products offered by the company include pressing oil series, flavor oil, blending oil series, pure oil series, gift oil series, and catering oil series. It exports the products into various other provinces in the country.
Executives
Liu Jian Jun Directors, executives
Zhang Jun Directors, executives
Wu Kang Lin Executives
Zhou Hui Supervisors
Xie Xi Bo Secretary, Director
Yao Jin Ting Director
Bao Li Lin Executives
Xu Dan Di Director
Li Deng Mei Supervisors

Daodaoquan Grain and Oil Co (SZSE:002852) Headlines

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