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Innolux (TPE:3481) Cyclically Adjusted Revenue per Share : NT$45.18 (As of Jun. 2024)


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What is Innolux 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.

Innolux's adjusted revenue per share for the three months ended in Jun. 2024 was NT$6.858. 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$45.18 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Innolux's average Cyclically Adjusted Revenue Growth Rate was -7.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -7.20% 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 Innolux was -7.20% per year. The lowest was -8.30% per year. And the median was -7.75% per year.

As of today (2024-09-22), Innolux's current stock price is NT$15.80. Innolux's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was NT$45.18. Innolux's Cyclically Adjusted PS Ratio of today is 0.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Innolux was 0.69. The lowest was 0.11. And the median was 0.32.


Innolux Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Innolux'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.

Innolux Cyclically Adjusted Revenue per Share Chart

Innolux 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 65.54 58.37 55.29 50.55 46.59

Innolux 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 48.76 47.94 46.59 46.34 45.18

Competitive Comparison of Innolux's Cyclically Adjusted Revenue per Share

For the Electronic Components subindustry, Innolux'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.


Innolux's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Innolux 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, Innolux'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)
=6.858/132.5538*132.5538
=6.858

Current CPI (Jun. 2024) = 132.5538.

Innolux Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201409 15.641 100.428 20.644
201412 14.820 99.070 19.829
201503 13.121 99.621 17.459
201506 12.378 100.684 16.296
201509 11.792 100.392 15.570
201512 10.849 99.792 14.411
201603 7.500 100.470 9.895
201606 8.892 101.688 11.591
201609 9.979 101.861 12.986
201612 11.602 101.863 15.098
201703 11.322 102.862 14.590
201706 11.061 103.349 14.187
201709 10.440 104.136 13.289
201712 9.943 104.011 12.672
201803 8.761 105.290 11.030
201806 8.635 106.317 10.766
201809 9.702 106.507 12.075
201812 9.545 105.998 11.936
201903 7.959 107.251 9.837
201906 8.434 108.070 10.345
201909 8.391 108.329 10.267
201912 8.987 108.420 10.987
202003 6.916 108.902 8.418
202006 9.061 108.767 11.043
202009 9.586 109.815 11.571
202012 10.555 109.897 12.731
202103 10.453 111.754 12.398
202106 11.564 114.631 13.372
202109 10.295 115.734 11.791
202112 6.923 117.630 7.801
202203 7.823 121.301 8.549
202206 6.575 125.017 6.971
202209 5.436 125.227 5.754
202212 5.729 125.222 6.064
202303 5.175 127.348 5.387
202306 6.545 128.729 6.739
202309 7.247 129.860 7.397
202312 6.688 129.419 6.850
202403 6.323 131.776 6.360
202406 6.858 132.554 6.858

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


Innolux  (TPE:3481) 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.

Innolux's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.80/45.18
=0.35

* 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 Innolux was 0.69. The lowest was 0.11. And the median was 0.32.


Be Aware

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


Innolux Cyclically Adjusted Revenue per Share Related Terms

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


Innolux Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innolux Corp (TPE:3481) » Definitions » Cyclically Adjusted Revenue per Share
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Address
No. 160, Science Road, Hsinchu Science Park, Zhunan Site, Miaoli, TWN, 35053
Innolux Corp is a Taiwan-based company that designs, manufactures, and distributes thin-film transistor liquid crystal display panels to original-equipment manufacturers. Its panels range from 18 inches to 100 inches and are used in television sets, desktop monitors, notebooks and tablets, and medical and automotive applications. The company has more than 10 manufacturing facilities, predominantly in Taiwan. It generates revenue in Taiwan and markets in Asia, the Americas, and Europe.

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