China Meheco Group Co's quarterly market cap
declined
from Sep. 2023 (¥18,519 Mil) to Dec. 2023 (¥16,709 Mil) and
declined
from Dec. 2023 (¥16,709 Mil) to Mar. 2024 (¥16,470 Mil).
China Meheco Group Co's annual market cap
increased
from Dec. 2021 (¥12,619 Mil) to Dec. 2022 (¥25,774 Mil) but then
declined
from Dec. 2022 (¥25,774 Mil) to Dec. 2023 (¥16,709 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. China Meheco Group Co's Enterprise Value for Today is ¥19,511 Mil.
* 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.
Competitive Comparison of China Meheco Group Co's Market Cap
For the Medical Distribution subindustry, China Meheco Group Co's Market Cap, along with its competitors' market caps and Market Cap 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 Meheco Group Co's Market Cap Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, China Meheco Group Co's Market Cap distribution charts can be found below:
* The bar in red indicates where China Meheco Group Co's Market Cap falls into.
China Meheco Group Co Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
China Meheco Group Co's Market Cap 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.
China Meheco Group Co (SHSE:600056) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
China Meheco Group Co Market Cap Related Terms
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China Meheco Group Co (SHSE:600056) Business Description
China Meheco Group Co Ltd is engaged in the distribution and trading of botanical medicines, medical instruments, and pharmaceuticals. It offers botanic medicines and herbal products, as well as exports of natural medicines, including herbs, spices, plant extracts, bee products, Chinese traditional medicines. The company's business scope covers the whole industry chain, from research and development, cultivation and processing, manufacturing, distribution, logistics to international trading, academic promotion and technical service. The corporation provides trading services for customers in the pharmaceutical and chemical field, covering APIs, preparations, biologicals, blood products and others.
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