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Kao Fong Machinery Co (ROCO:4510) Cyclically Adjusted Revenue per Share : NT$24.33 (As of Mar. 2024)


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What is Kao Fong Machinery Co Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Kao Fong Machinery Co's adjusted revenue per share for the three months ended in Mar. 2024 was NT$3.447. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$24.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kao Fong Machinery Co's average Cyclically Adjusted Revenue Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.90% 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Kao Fong Machinery Co was 3.90% per year. The lowest was 3.90% per year. And the median was 3.90% per year.

As of today (2024-06-09), Kao Fong Machinery Co's current stock price is NT$17.70. Kao Fong Machinery Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$24.33. Kao Fong Machinery Co's Cyclically Adjusted PS Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Kao Fong Machinery Co was 0.82. The lowest was 0.34. And the median was 0.52.


Kao Fong Machinery Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Kao Fong Machinery Co's Cyclically Adjusted Revenue 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.

* Premium members only.

Kao Fong Machinery Co Cyclically Adjusted Revenue per Share Chart

Kao Fong Machinery Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 21.55 21.63 22.78 24.14

Kao Fong Machinery Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.14 24.36 24.40 24.43 24.33

Competitive Comparison of Kao Fong Machinery Co's Cyclically Adjusted Revenue per Share

For the Specialty Industrial Machinery subindustry, Kao Fong Machinery Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Kao Fong Machinery Co's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kao Fong Machinery Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Kao Fong Machinery Co's Cyclically Adjusted PS Ratio falls into.



Kao Fong Machinery Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Kao Fong Machinery Co's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.447/131.7762*131.7762
=3.447

Current CPI (Mar. 2024) = 131.7762.

Kao Fong Machinery Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.990 99.695 7.918
201406 5.174 100.560 6.780
201409 5.546 100.428 7.277
201412 5.161 99.070 6.865
201503 5.123 99.621 6.777
201506 4.789 100.684 6.268
201509 4.644 100.392 6.096
201512 4.178 99.792 5.517
201603 4.463 100.470 5.854
201606 5.562 101.688 7.208
201609 5.483 101.861 7.093
201612 5.594 101.863 7.237
201703 5.464 102.862 7.000
201706 5.897 103.349 7.519
201709 7.598 104.136 9.615
201712 6.921 104.011 8.769
201803 6.099 105.290 7.633
201806 6.768 106.317 8.389
201809 7.273 106.507 8.999
201812 4.947 105.998 6.150
201903 4.343 107.251 5.336
201906 5.418 108.070 6.607
201909 4.368 108.329 5.313
201912 3.714 108.420 4.514
202003 3.231 108.902 3.910
202006 4.499 108.767 5.451
202009 3.663 109.815 4.396
202012 3.600 109.897 4.317
202103 2.807 111.754 3.310
202106 5.439 114.631 6.252
202109 5.140 115.734 5.852
202112 4.695 117.630 5.260
202203 4.867 121.301 5.287
202206 4.393 125.017 4.631
202209 5.281 125.227 5.557
202212 4.254 125.222 4.477
202303 3.527 127.348 3.650
202306 4.998 128.729 5.116
202309 5.610 129.860 5.693
202403 3.447 131.776 3.447

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Kao Fong Machinery Co  (ROCO:4510) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Kao Fong Machinery Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.70/24.33
=0.73

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Kao Fong Machinery Co was 0.82. The lowest was 0.34. And the median was 0.52.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Kao Fong Machinery Co Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Kao Fong Machinery Co's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Kao Fong Machinery Co (ROCO:4510) Business Description

Traded in Other Exchanges
N/A
Address
No.16, Keya Road,, Daya district, Taichung, TWN, 42881
Kao Fong Machinery Co Ltd is engaged in the manufacture and distribution of machine tools and machinery equipment in Taiwan. Its products consist of vertical machining centers, horizontal machining centers, numerical control milling machines, as well as bridge machining centers.

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