Akita Drilling (Akita Drilling) 3-Year Book Growth Rate : 0.70% (As of Dec. 2023)

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What is Akita Drilling 3-Year Book Growth Rate?

Akita Drilling's Book Value per Share for the quarter that ended in Dec. 2023 was $2.93.

During the past 12 months, Akita Drilling's average Book Value per Share Growth Rate was 13.00% 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 -12.50% per year. During the past 10 years, the average Book Value per Share Growth Rate was -15.60% 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 Akita Drilling was 24.90% per year. The lowest was -26.60% per year. And the median was 9.75% per year.

Competitive Comparison of Akita Drilling's 3-Year Book Growth Rate

For the Oil & Gas Drilling subindustry, Akita Drilling'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.

Akita Drilling's 3-Year Book Growth Rate Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Akita Drilling's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Akita Drilling's 3-Year Book Growth Rate falls into.

Akita Drilling 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.

Akita Drilling (OTCPK:AKTAF) 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.

Akita Drilling 3-Year Book Growth Rate Related Terms

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Akita Drilling (Akita Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Akita Drilling Ltd (OTCPK:AKTAF) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

774:Germany AKT.B:Canada AKT.A:Canada

Address

333-7th Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 2Z1

Website

https://www.akita-drilling.com

Akita Drilling Ltd is a Canadian oil and gas drilling contractor. The company is engaged in providing contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The company owns and operates over 35 drilling rigs. It is also involved in the drilling related to potash mining and the development of storage caverns.