Rayitek Hi-Tech Film Co (SHSE:688323) 3-Year Book Growth Rate : 7.20% (As of Dec. 2023)

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What is Rayitek Hi-Tech Film Co 3-Year Book Growth Rate?

Rayitek Hi-Tech Film Co's Book Value per Share for the quarter that ended in Dec. 2023 was ¥5.55.

During the past 12 months, Rayitek Hi-Tech Film Co's average Book Value per Share Growth Rate was -3.10% per year. During the past 3 years, the average Book Value per Share Growth Rate was 7.20% per year. During the past 5 years, the average Book Value per Share Growth Rate was 8.90% 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 7 years, the highest 3-Year average Book Value per Share Growth Rate of Rayitek Hi-Tech Film Co was 20.00% per year. The lowest was 7.20% per year. And the median was 10.30% per year.

Competitive Comparison of Rayitek Hi-Tech Film Co's 3-Year Book Growth Rate

For the Electronic Components subindustry, Rayitek Hi-Tech Film Co'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.

Rayitek Hi-Tech Film Co's 3-Year Book Growth Rate Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Rayitek Hi-Tech Film Co's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Rayitek Hi-Tech Film Co's 3-Year Book Growth Rate falls into.

Rayitek Hi-Tech Film Co 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.

Rayitek Hi-Tech Film Co (SHSE:688323) 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.

Rayitek Hi-Tech Film Co 3-Year Book Growth Rate Related Terms

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Rayitek Hi-Tech Film Co (SHSE:688323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rayitek Hi-Tech Film Co Ltd (SHSE:688323) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

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Address

Songgang Street Office, Huamei Industrial Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518105

Website

http://www.rayitek.com

Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.

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