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.
Shenzhen FRD Science & Techonology Co Tangible Book per Share 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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Shenzhen FRD Science & Techonology Co Tangible Book per Share Chart
Competitive Comparison of Shenzhen FRD Science & Techonology Co's Tangible Book per Share
For the Electronic Components subindustry, Shenzhen FRD Science & Techonology Co'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.
Shenzhen FRD Science & Techonology Co's Price-to-Tangible-Book Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Shenzhen FRD Science & Techonology Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Shenzhen FRD Science & Techonology Co's Price-to-Tangible-Book falls into.
Shenzhen FRD Science & Techonology Co Tangible Book per Share Calculation
* 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.
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.
Shenzhen FRD Science & Techonology Co (SZSE:300602) 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.
Shenzhen FRD Science & Techonology Co Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Shenzhen FRD Science & Techonology Co's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Shenzhen FRD Science & Techonology Co (SZSE:300602) Business Description
Shenzhen FRD Science & Techonology Co Ltd is a China based company engaged in manufacturing of EMI shielding materials, Thermal interface materials and other related electronic materials. The company has a business presence in China, and other countries. EMI shielding materials include metal shielding products, electrically conductive elastomer, fabric over foam and conductive, electrically conductive plastics, and microwave absorber. Thermal materials comprise graphite film, thermal interface material, and thermally conductive plastics. The other supporting materials offered by the entity are PUR hot melt adhesive, and graphics overlay and labels.
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