Caravelle International Group (Caravelle International Group) Tangible Book per Share : $0.06 (As of Apr. 2023)

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What is Caravelle International Group Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Caravelle International Group's tangible book value per share for the quarter that ended in Apr. 2023 was $0.06.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Caravelle International Group Tangible Book per Share Historical Data

The historical data trend for Caravelle International Group's Tangible Book per Share can be seen below:

* 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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Caravelle International Group Tangible Book per Share Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

Tangible Book per Share

-0.09

0.01

0.09

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Tangible Book per Share	Get a 7-Day Free Trial			-	0.01	0.18	0.09	0.06

Competitive Comparison of Caravelle International Group's Tangible Book per Share

For the Marine Shipping subindustry, Caravelle International Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Caravelle International Group's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Caravelle International Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Caravelle International Group's Price-to-Tangible-Book falls into.

Caravelle International Group Tangible Book per Share Calculation

Caravelle International Group's Tangible Book Value Per Share for the fiscal year that ended in Oct. 2022 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(4.534	-	0	-	0)	/	52.6945
	=	0.09

Caravelle International Group's Tangible Book Value Per Share for the quarter that ended in Apr. 2023 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(3.272	-	0	-	0)	/	52.7746
	=	0.06

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Caravelle International Group (NAS:CACO) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Caravelle International Group Tangible Book per Share Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » Tangible Book per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.