What is China Kepei Education Group 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).
China Kepei Education Group's net current asset value per share for the quarter that ended in Feb. 2024 was HK$-0.62.
The historical rank and industry rank for China Kepei Education Group's Net Current Asset Value or its related term are showing as below:
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of China Kepei Education Group was 24.00. The lowest was 7.41. And the median was 11.56.
HKSE:01890's Price-to-Net-Current-Asset-Value is not ranked *
in the Education industry.
Industry Median: 4.56 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
China Kepei Education Group 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 Kepei Education Group Net Current Asset Value Chart
Competitive Comparison of China Kepei Education Group's Net Current Asset Value
For the Education & Training Services subindustry, China Kepei Education Group'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 Kepei Education Group's Price-to-Net-Current-Asset-Value Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, China Kepei Education Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where China Kepei Education Group's Price-to-Net-Current-Asset-Value falls into.
China Kepei Education Group Net Current Asset Value Calculation
China Kepei Education Group's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Aug. 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.
China Kepei Education Group (HKSE:01890) 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 Kepei Education Group Net Current Asset Value Related Terms
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China Kepei Education Group (HKSE:01890) Business Description
China Kepei Education Group Ltd is a provider of private vocational education services in China focusing on profession-oriented and vocational education. It earns revenues from tuition fees, higher education program, Secondary vocational education, Boarding fees and other educational services. The company-operated schools include Guangdong Polytechnic College, an undergraduate-level higher education institution; and Zhaoqing Science and Technology Secondary Vocational School both located in Zhaoqing, Guangdong Province. The Company operates and Generates revenue from China.
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