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Central China Securities Co (SHSE:601375) Cyclically Adjusted Revenue per Share : ¥0.71 (As of Mar. 2024)


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What is Central China Securities Co Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Central China Securities Co's adjusted revenue per share for the three months ended in Mar. 2024 was ¥0.146. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ¥0.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Central China Securities Co's average Cyclically Adjusted Revenue Growth Rate was -2.70% 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2024-06-05), Central China Securities Co's current stock price is ¥3.56. Central China Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥0.71. Central China Securities Co's Cyclically Adjusted PS Ratio of today is 5.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Central China Securities Co was 6.95. The lowest was 4.68. And the median was 5.30.


Central China Securities Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Central China Securities Co's Cyclically Adjusted Revenue 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.

* Premium members only.

Central China Securities Co Cyclically Adjusted Revenue per Share Chart

Central China Securities Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.77 0.73 0.72

Central China Securities Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.73 0.73 0.71 0.72 0.71

Competitive Comparison of Central China Securities Co's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Central China Securities Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Central China Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Central China Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Central China Securities Co's Cyclically Adjusted PS Ratio falls into.



Central China Securities Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Central China Securities Co's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.146/117.7354*117.7354
=0.146

Current CPI (Mar. 2024) = 117.7354.

Central China Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 0.132 95.090 0.163
201406 0.000 96.409 0.000
201409 0.234 97.948 0.281
201412 0.239 99.707 0.282
201506 0.000 99.267 0.000
201509 0.000 99.927 0.000
201512 0.000 102.015 0.000
201603 0.135 102.785 0.155
201606 0.177 101.686 0.205
201609 0.204 102.565 0.234
201612 0.131 103.225 0.149
201703 0.124 103.335 0.141
201706 0.077 103.664 0.087
201709 0.197 103.994 0.223
201712 0.135 104.984 0.151
201803 0.131 105.973 0.146
201806 0.104 106.193 0.115
201809 0.401 106.852 0.442
201812 0.117 107.622 0.128
201903 0.178 108.172 0.194
201906 0.141 109.601 0.151
201909 0.262 110.260 0.280
201912 0.132 110.700 0.140
202003 0.127 110.920 0.135
202006 0.280 110.590 0.298
202009 0.168 107.512 0.184
202012 0.172 109.711 0.185
202103 0.262 111.579 0.276
202106 0.239 111.360 0.253
202109 0.257 109.051 0.277
202112 0.188 112.349 0.197
202203 0.085 113.558 0.088
202206 0.102 113.448 0.106
202209 0.090 113.778 0.093
202212 0.072 114.548 0.074
202303 0.128 115.427 0.131
202306 0.123 115.647 0.125
202309 0.060 116.087 0.061
202312 0.120 117.296 0.120
202403 0.146 117.735 0.146

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Central China Securities Co  (SHSE:601375) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Central China Securities Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3.56/0.71
=5.01

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Central China Securities Co was 6.95. The lowest was 4.68. And the median was 5.30.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Central China Securities Co Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Central China Securities Co's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Central China Securities Co (SHSE:601375) Business Description

Traded in Other Exchanges
Address
No. 248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
Central China Securities Co Ltd is a securities firm in Henan with a full-service business platform and strategic presence in China. Its principal business lines include a brokerage, which is engaged in the trading of stocks, funds, and bonds; margin financing, securities lending, and wealth management services; investment banking, which provides investment banking services including equity financing, debt financing, and financial advisory to institutional clients; investment management, which consists of asset management, direct investment, and fund management; the proprietary trading segment, which is engaged in the trading of securities and derivatives and Other business. Overseas business engage in brokerage, margin financing and Other businesses consist of the treasury function.

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