What is Tokyo Steel Manufacturing Co 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).
Tokyo Steel Manufacturing Co's net current asset value per share for the quarter that ended in Dec. 2023 was 円784.73.
The historical rank and industry rank for Tokyo Steel Manufacturing Co'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 Tokyo Steel Manufacturing Co was 6.59. The lowest was 1.53. And the median was 2.51.
TSE:5423's Price-to-Net-Current-Asset-Value is not ranked *
in the Steel industry.
Industry Median: 3.03 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Tokyo Steel Manufacturing Co 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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Tokyo Steel Manufacturing Co Net Current Asset Value Chart
Competitive Comparison of Tokyo Steel Manufacturing Co's Net Current Asset Value
For the Steel subindustry, Tokyo Steel Manufacturing 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.
Tokyo Steel Manufacturing Co's Price-to-Net-Current-Asset-Value Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tokyo Steel Manufacturing Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tokyo Steel Manufacturing Co's Price-to-Net-Current-Asset-Value falls into.
Tokyo Steel Manufacturing Co Net Current Asset Value Calculation
Tokyo Steel Manufacturing Co'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.
Tokyo Steel Manufacturing Co (TSE:5423) 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.
Tokyo Steel Manufacturing Co Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of Tokyo Steel Manufacturing Co's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Tokyo Steel Manufacturing Co (TSE:5423) Business Description
Tokyo Steel Manufacturing Co Ltd is a Japan-based company primarily engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates most of its revenue from the Japanese domestic market.
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