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Ares International (TPE:2471) Cyclically Adjusted Revenue per Share : NT$18.45 (As of Mar. 2024)


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What is Ares International 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.

Ares International's adjusted revenue per share for the three months ended in Mar. 2024 was NT$3.471. 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$18.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ares International's average Cyclically Adjusted Revenue Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% 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 Ares International was 4.60% per year. The lowest was 3.20% per year. And the median was 3.90% per year.

As of today (2024-06-19), Ares International's current stock price is NT$57.50. Ares International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$18.45. Ares International's Cyclically Adjusted PS Ratio of today is 3.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ares International was 3.73. The lowest was 1.00. And the median was 1.58.


Ares International Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Ares International'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.

Ares International Cyclically Adjusted Revenue per Share Chart

Ares International 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 15.94 15.86 16.61 17.52 18.17

Ares International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 17.77 17.95 18.16 18.17 18.45

Competitive Comparison of Ares International's Cyclically Adjusted Revenue per Share

For the Information Technology Services subindustry, Ares International'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.


Ares International's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Ares International's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ares International's Cyclically Adjusted PS Ratio falls into.



Ares International 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, Ares International'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)
=3.471/131.7762*131.7762
=3.471

Current CPI (Mar. 2024) = 131.7762.

Ares International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.915 100.560 3.820
201409 3.921 100.428 5.145
201412 4.757 99.070 6.327
201503 2.842 99.621 3.759
201506 2.928 100.684 3.832
201509 2.957 100.392 3.881
201512 4.196 99.792 5.541
201603 4.102 100.470 5.380
201606 2.870 101.688 3.719
201609 3.522 101.861 4.556
201612 4.642 101.863 6.005
201703 3.096 102.862 3.966
201706 3.384 103.349 4.315
201709 3.687 104.136 4.666
201712 4.609 104.011 5.839
201803 2.807 105.290 3.513
201806 3.474 106.317 4.306
201809 3.745 106.507 4.634
201812 4.150 105.998 5.159
201903 3.393 107.251 4.169
201906 3.549 108.070 4.328
201909 3.449 108.329 4.196
201912 4.647 108.420 5.648
202003 3.919 108.902 4.742
202006 2.890 108.767 3.501
202009 4.223 109.815 5.068
202012 5.123 109.897 6.143
202103 3.610 111.754 4.257
202106 2.982 114.631 3.428
202109 4.609 115.734 5.248
202112 5.575 117.630 6.245
202203 3.898 121.301 4.235
202206 3.924 125.017 4.136
202209 4.116 125.227 4.331
202212 4.734 125.222 4.982
202303 4.186 127.348 4.332
202306 4.108 128.729 4.205
202309 3.852 129.860 3.909
202312 5.505 129.419 5.605
202403 3.471 131.776 3.471

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


Ares International  (TPE:2471) 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.

Ares International's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=57.50/18.45
=3.12

* 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 Ares International was 3.73. The lowest was 1.00. And the median was 1.58.


Be Aware

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


Ares International Cyclically Adjusted Revenue per Share Related Terms

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


Ares International (TPE:2471) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Zhongshan North Road, Shuanglian Building-3rd Floor, No. 111, Section 2, Taipei, TWN
Ares International Corp is Taiwan based company. The company is engaged in the design, sales, lease, maintenance and technology consultation of computer equipment, internet and related software, and analysis, design, modification, installment and maintenance of application software. The major geographical regions in which the company operates are Asia, Taiwan, America and Others.

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