What is China Resources Mixc Lifestyle Services 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).
HKSE:01209'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.13 Med: 7.85 Max: 18.97
Current: 8.21
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of China Resources Mixc Lifestyle Services was 18.97. The lowest was 7.13. And the median was 7.85.
HKSE:01209's Price-to-Net-Current-Asset-Value is ranked worse than 79.61% of 765
companies
in the Real Estate industry
Industry Median: 2.39
vs HKSE:01209: 8.21
China Resources Mixc Lifestyle Services 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.
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China Resources Mixc Lifestyle Services Net Current Asset Value Chart
China Resources Mixc Lifestyle Services Annual Data
Competitive Comparison of China Resources Mixc Lifestyle Services's Net Current Asset Value
For the Real Estate Services subindustry, China Resources Mixc Lifestyle Services'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.
China Resources Mixc Lifestyle Services's Price-to-Net-Current-Asset-Value Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, China Resources Mixc Lifestyle Services's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where China Resources Mixc Lifestyle Services's Price-to-Net-Current-Asset-Value falls into.
China Resources Mixc Lifestyle Services Net Current Asset Value Calculation
* 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.
China Resources Mixc Lifestyle Services (HKSE:01209) 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.
China Resources Mixc Lifestyle Services Net Current Asset Value Related Terms
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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description
China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.
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