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Shandong Meichen Science & Technology Co (SZSE:300237) Cyclically Adjusted Revenue per Share : ¥2.02 (As of Jun. 2024)


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What is Shandong Meichen Science & Technology 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.

Shandong Meichen Science & Technology Co's adjusted revenue per share for the three months ended in Jun. 2024 was ¥0.299. 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 ¥2.02 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Shandong Meichen Science & Technology Co's average Cyclically Adjusted Revenue Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% 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 Shandong Meichen Science & Technology Co was 5.20% per year. The lowest was 3.40% per year. And the median was 4.30% per year.

As of today (2024-09-26), Shandong Meichen Science & Technology Co's current stock price is ¥1.47. Shandong Meichen Science & Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was ¥2.02. Shandong Meichen Science & Technology Co's Cyclically Adjusted PS Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Shandong Meichen Science & Technology Co was 3.19. The lowest was 0.52. And the median was 1.33.


Shandong Meichen Science & Technology Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Shandong Meichen Science & Technology 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.

Shandong Meichen Science & Technology Co Cyclically Adjusted Revenue per Share Chart

Shandong Meichen Science & Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.69 1.81 1.90 1.97 2.00

Shandong Meichen Science & Technology Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.97 1.99 2.00 2.03 2.02

Competitive Comparison of Shandong Meichen Science & Technology Co's Cyclically Adjusted Revenue per Share

For the Auto Parts subindustry, Shandong Meichen Science & Technology 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.


Shandong Meichen Science & Technology Co's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Science & Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shandong Meichen Science & Technology Co's Cyclically Adjusted PS Ratio falls into.



Shandong Meichen Science & Technology 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, Shandong Meichen Science & Technology Co's adjusted Revenue per Share data for the three months ended in Jun. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.299/114.7809*114.7809
=0.299

Current CPI (Jun. 2024) = 114.7809.

Shandong Meichen Science & Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201409 0.245 98.900 0.284
201412 0.502 99.000 0.582
201503 0.259 99.900 0.298
201506 0.628 99.500 0.724
201509 0.371 100.500 0.424
201512 0.488 100.600 0.557
201603 0.282 102.200 0.317
201606 0.414 101.400 0.469
201609 0.458 102.400 0.513
201612 0.755 102.600 0.845
201703 0.391 103.200 0.435
201706 1.147 103.100 1.277
201709 0.704 104.100 0.776
201712 1.590 104.500 1.746
201803 0.481 105.300 0.524
201806 0.747 104.900 0.817
201809 0.573 106.600 0.617
201812 0.446 106.500 0.481
201903 0.318 107.700 0.339
201906 0.539 107.700 0.574
201909 0.460 109.800 0.481
201912 0.704 111.200 0.727
202003 0.246 112.300 0.251
202006 0.659 110.400 0.685
202009 0.524 111.700 0.538
202012 0.749 111.500 0.771
202103 0.348 112.662 0.355
202106 0.540 111.769 0.555
202109 0.225 112.215 0.230
202112 0.356 113.108 0.361
202203 0.298 114.335 0.299
202206 0.201 114.558 0.201
202209 0.276 115.339 0.275
202212 0.170 115.116 0.170
202303 0.251 115.116 0.250
202306 0.269 114.558 0.270
202309 0.273 115.339 0.272
202312 0.371 114.781 0.371
202403 0.279 115.227 0.278
202406 0.299 114.781 0.299

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


Shandong Meichen Science & Technology Co  (SZSE:300237) 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.

Shandong Meichen Science & Technology Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.47/2.02
=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 Shandong Meichen Science & Technology Co was 3.19. The lowest was 0.52. And the median was 1.33.


Be Aware

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


Shandong Meichen Science & Technology Co Cyclically Adjusted Revenue per Share Related Terms

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Shandong Meichen Science & Technology Co Business Description

Traded in Other Exchanges
N/A
Address
Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200
Shandong Meichen Science & Technology Co Ltd, formerly Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.
Executives
Xu Hai Qin Director
Zhang Lei Director
Zheng Zhao Wei Director
Li Rong Hua Directors, executives
Guo Bai Feng Director
Ma Jing Chun Director
Li Rui Long Executives
Xiao Pan Wen Directors, executives
Sun Pei Zhu Directors, executives
Li Wei Gang Secretary Dong
Zhen Ran Supervisors
Zhao Xiang Yang Independent director
Li Xiao Nan Director

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