What is H P Cotton Textile Mills 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).
H P Cotton Textile Mills's net current asset value per share for the quarter that ended in Mar. 2024 was ₹-76.98.
The historical rank and industry rank for H P Cotton Textile Mills's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of H P Cotton Textile Mills was 1.59. The lowest was 1.20. And the median was 1.40.
BOM:502873's Price-to-Net-Current-Asset-Value is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 3.34 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
H P Cotton Textile Mills Net Current Asset Value Historical Data
The historical data trend for H P Cotton Textile Mills'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.
H P Cotton Textile Mills Net Current Asset Value Chart
Competitive Comparison of H P Cotton Textile Mills's Net Current Asset Value
For the Textile Manufacturing subindustry, H P Cotton Textile Mills'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.
H P Cotton Textile Mills's Price-to-Net-Current-Asset-Value Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, H P Cotton Textile Mills's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where H P Cotton Textile Mills's Price-to-Net-Current-Asset-Value falls into.
H P Cotton Textile Mills Net Current Asset Value Calculation
H P Cotton Textile Mills's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2024 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.
H P Cotton Textile Mills (BOM:502873) 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.
H P Cotton Textile Mills Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of H P Cotton Textile Mills's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
H P Cotton Textile Mills (BOM:502873) Business Description
H P Cotton Textile Mills Ltd manufactures cotton yarns and threads and is an exporter of cotton specialty yarns and cotton sewing threads. It manufactures two types of threads namely sewing threads and hosiery yarn. Its product portfolio includes Crocheta Crochet Threads, Peecock Hand Knitting Yarn, Embroidery Threads, Lace Threads, Patchwork and Quilting, Kite Flying Thread, Cotton Sewing Threads, and Mercerized Cotton RFD Threads. Geographically, the company generates sales from India as well as outside India. It generates a vast majority of the revenues from sewing thread products from outside India.
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