What is PT Goto Gojek Tokopedia Tbk 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).
PT Goto Gojek Tokopedia Tbk's net current asset value per share for the quarter that ended in Mar. 2024 was Rp17.58.
The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's Net Current Asset Value or its related term are showing as below:
ISX:GOTO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.7 Med: 5.86 Max: 15.79
Current: 3.7
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of PT Goto Gojek Tokopedia Tbk was 15.79. The lowest was 3.70. And the median was 5.86.
ISX:GOTO's Price-to-Net-Current-Asset-Value is ranked better than 62.83% of 1684
companies
in the Software industry
Industry Median: 5.295
vs ISX:GOTO: 3.70
PT Goto Gojek Tokopedia Tbk 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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PT Goto Gojek Tokopedia Tbk Net Current Asset Value Chart
Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Net Current Asset Value
For the Software - Application subindustry, PT Goto Gojek Tokopedia Tbk'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.
PT Goto Gojek Tokopedia Tbk's Price-to-Net-Current-Asset-Value Distribution in the Software Industry
For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Price-to-Net-Current-Asset-Value falls into.
PT Goto Gojek Tokopedia Tbk Net Current Asset Value Calculation
PT Goto Gojek Tokopedia Tbk's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 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.
PT Goto Gojek Tokopedia Tbk (ISX:GOTO) 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.
PT Goto Gojek Tokopedia Tbk Net Current Asset Value Related Terms
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PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description
GoTo is an Indonesian ecosystem that combines e-commerce, ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021. The company has 64 million active paying users and 12 million merchants as of 2022 on its platform. In 2022, on-demand accounted for 55% of revenue, e-commerce for 37%, and financial services for 8%. However, 82% of nonfinancial services gross transactional value comes from e-commerce, as it is the focal point in the ecosystem. The company competes with giants such as Sea-backed Shopee, Alibaba's Lazada, and smaller peers such as Bukalapak in e-commerce—and with Grab in the ride-hailing and delivery business.
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