Shenzhen Inovance Technology Co (SZSE:300124) 3-Year Book Growth Rate

: 31.00% (As of Sep. 2023)

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Shenzhen Inovance Technology Co's Book Value per Share for the quarter that ended in Sep. 2023 was ¥8.43.

During the past 12 months, Shenzhen Inovance Technology Co's average Book Value per Share Growth Rate was 21.60% per year. During the past 3 years, the average Book Value per Share Growth Rate was 31.00% per year. During the past 5 years, the average Book Value per Share Growth Rate was 29.20% per year. During the past 10 years, the average Book Value per Share Growth Rate was 20.00% 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 Shenzhen Inovance Technology Co was 145.30% per year. The lowest was -9.20% per year. And the median was 14.30% per year.

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance Technology 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.

Shenzhen Inovance Technology Co 3-Year Book Growth Rate Distribution

For the Industrial Products industry and Industrials sector, Shenzhen Inovance Technology Co's 3-Year Book Growth Rate distribution charts can be found below:

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

Shenzhen Inovance Technology 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.

Shenzhen Inovance Technology Co (SZSE:300124) 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.

Shenzhen Inovance Technology Co 3-Year Book Growth Rate Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » 3-Year Book Growth Rate

Traded in Other Exchanges

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Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

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