Shenzhen Inovance Technology Co (SZSE:300124) 3-Year FCF Growth Rate : 17.80% (As of Mar. 2024)

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What is Shenzhen Inovance Technology Co 3-Year FCF Growth Rate?

Shenzhen Inovance Technology Co's Free Cash Flow per Share for the three months ended in Mar. 2024 was ¥-0.09.

During the past 12 months, Shenzhen Inovance Technology Co's average Free Cash Flow per Share Growth Rate was -7.10% per year. During the past 3 years, the average Free Cash Flow per Share Growth Rate was 17.80% per year. During the past 5 years, the average Free Cash Flow per Share Growth Rate was 39.80% per year. During the past 10 years, the average Free Cash Flow per Share Growth Rate was 17.10% 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 Free Cash Flow per Share growth rate.

During the past 13 years, the highest 3-Year average Free Cash Flow per Share Growth Rate of Shenzhen Inovance Technology Co was 70.40% per year. The lowest was -32.80% per year. And the median was 34.10% per year.

Competitive Comparison of Shenzhen Inovance Technology Co's 3-Year FCF Growth Rate

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance Technology Co's 3-Year FCF Growth Rate, along with its competitors' market caps and 3-Year FCF 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's 3-Year FCF Growth Rate Distribution in the Industrial Products Industry

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

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

Shenzhen Inovance Technology Co 3-Year FCF Growth Rate Calculation

This is the 3-year average growth rate of Free Cash Flow 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 Free Cash Flow per Share growth rate.

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

Free Cash Flow per Share is the amount of Free Cash Flow per outstanding share of the company's stock. Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company. It's used in the calculation of Forward Rate of Return (Yacktman) %.

Shenzhen Inovance Technology Co 3-Year FCF 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 FCF 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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