HiTech Group Australia (ASX:HIT) 3-Year Book Growth Rate : -0.70% (As of Dec. 2023)

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What is HiTech Group Australia 3-Year Book Growth Rate?

HiTech Group Australia's Book Value per Share for the quarter that ended in Dec. 2023 was A$0.19.

During the past 12 months, HiTech Group Australia's average Book Value per Share Growth Rate was 14.10% per year. During the past 3 years, the average Book Value per Share Growth Rate was -0.70% per year. During the past 5 years, the average Book Value per Share Growth Rate was -2.00% per year. During the past 10 years, the average Book Value per Share Growth Rate was 5.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of HiTech Group Australia was 26.00% per year. The lowest was -21.40% per year. And the median was 1.50% per year.

Competitive Comparison of HiTech Group Australia's 3-Year Book Growth Rate

For the Staffing & Employment Services subindustry, HiTech Group Australia's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

HiTech Group Australia's 3-Year Book Growth Rate Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, HiTech Group Australia's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where HiTech Group Australia's 3-Year Book Growth Rate falls into.

HiTech Group Australia 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

HiTech Group Australia (ASX:HIT) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

HiTech Group Australia 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of HiTech Group Australia's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

HiTech Group Australia (ASX:HIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HiTech Group Australia Ltd (ASX:HIT) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gateway Tower, SE3701b, Level 37, 1 Macquarie Place, Sydney, NSW, AUS, 2000

Website

https://www.hitechaust.com

HiTech Group Australia Ltd supplies recruitment services for permanent and contract staff to the information and communication technology sector. Its only operating segment being recruitment. Geographically, it operates only in Australia. It generates revenue from contracting and permanent placement.

HiTech Group Australia (ASX:HIT) Headlines

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