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).
Yakult Honsha Co's net current asset value per share for the quarter that ended in Dec. 2023 was 円411.79.
The historical rank and industry rank for Yakult Honsha Co's Net Current Asset Value or its related term are showing as below:
TSE:2267'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.37 Med: 17.28 Max: 465.33
Current: 7.37
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Yakult Honsha Co was 465.33. The lowest was 7.37. And the median was 17.28.
TSE:2267's Price-to-Net-Current-Asset-Value is ranked worse than 56.6% of 53
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.47
vs TSE:2267: 7.37
Yakult Honsha Co Net Current Asset Value Historical Data
The historical data trend for Yakult Honsha 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.
Competitive Comparison of Yakult Honsha Co's Net Current Asset Value
For the Beverages - Non-Alcoholic subindustry, Yakult Honsha 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.
Yakult Honsha Co's Price-to-Net-Current-Asset-Value Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Yakult Honsha Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Yakult Honsha Co's Price-to-Net-Current-Asset-Value falls into.
Yakult Honsha Co Net Current Asset Value Calculation
Yakult Honsha Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 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.
Yakult Honsha Co (TSE:2267) 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.
Yakult Honsha Co Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Yakult Honsha Co's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Yakult is a pioneer in probiotics, which launched the probiotic drinks Yakult in 1935 after Minoru Shirota's discovery of Lactobacillus casei strain Shirota, a strain of lactic acid bacteria proved to be able to live in intestines, in 1930. It operates in 40 countries across four continents selling mainly the Yakult probiotic drinks. Apart from the retail outlets, the home delivery channel, served by a team of 83,000 Yakult Ladies globally, contributes about 45% of its probiotic drink volume. Overseas markets comprise 40% of group sales and profits. Yakult has built a meaningful presence in populated emerging markets including China, Indonesia, Mexico, and Brazil. It plans to step up expansion in the U.S. It also operates a pharmaceutical business with an emphasis on oncology drugs.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSE:2267 has been successfully added to your 