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.
Fortune Valley Treasures Tangible Book per Share Historical Data
The historical data trend for Fortune Valley Treasures'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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Fortune Valley Treasures Tangible Book per Share Chart
Competitive Comparison of Fortune Valley Treasures's Tangible Book per Share
For the Beverages - Wineries & Distilleries subindustry, Fortune Valley Treasures'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.
Fortune Valley Treasures's Price-to-Tangible-Book Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Fortune Valley Treasures's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Fortune Valley Treasures's Price-to-Tangible-Book falls into.
Fortune Valley Treasures Tangible Book per Share Calculation
Fortune Valley Treasures's Tangible Book Value Per Share 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.
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.
Fortune Valley Treasures (OTCPK:FVTI) 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.
Fortune Valley Treasures Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Fortune Valley Treasures's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Valley Treasures (Fortune Valley Treasures) Business Description
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are in the food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
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