Qifu Technology (Qifu Technology) 3-Year Book Growth Rate : 33.70% (As of Sep. 2023)

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What is Qifu Technology 3-Year Book Growth Rate?

Qifu Technology's Book Value per Share for the quarter that ended in Sep. 2023 was $17.53.

During the past 12 months, Qifu Technology's average Book Value per Share Growth Rate was 7.40% per year. During the past 3 years, the average Book Value per Share Growth Rate was 33.70% per year. During the past 5 years, the average Book Value per Share Growth Rate was 76.70% 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 average Book Value per Share growth rate.

During the past 7 years, the highest 3-Year average Book Value per Share Growth Rate of Qifu Technology was 139.50% per year. The lowest was 33.70% per year. And the median was 50.80% per year.

Competitive Comparison of Qifu Technology's 3-Year Book Growth Rate

For the Credit Services subindustry, Qifu Technology'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.

Qifu Technology's 3-Year Book Growth Rate Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Qifu Technology's 3-Year Book Growth Rate distribution charts can be found below:

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

Qifu Technology 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.

Qifu Technology (NAS:QFIN) 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.

Qifu Technology 3-Year Book Growth Rate Related Terms

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Qifu Technology (Qifu Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qifu Technology Inc (NAS:QFIN) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

03660:Hong Kong

Address

No. 1217 Dongfang Road, 7th Floor Lujiazui Finance Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

https://www.qifu.tech

Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.