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Kao (TSE:4452) Cyclically Adjusted Revenue per Share : 円3,231.61 (As of Dec. 2023)


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What is Kao 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's adjusted revenue per share for the three months ended in Dec. 2023 was 円874.867. 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 円3,231.61 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kao's average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.30% per year. During the past 5 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 Kao was 4.30% per year. The lowest was 2.10% per year. And the median was 2.80% per year.

As of today (2024-05-02), Kao's current stock price is 円6592.00. Kao's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円3,231.61. Kao's Cyclically Adjusted PS Ratio of today is 2.04.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Kao was 3.42. The lowest was 1.59. And the median was 2.57.


Kao Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Kao'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 Cyclically Adjusted Revenue per Share Chart

Kao 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 2,829.15 2,848.67 2,926.37 3,105.49 3,231.61

Kao Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3,105.49 3,127.60 3,162.77 3,205.46 3,231.61

Competitive Comparison of Kao's Cyclically Adjusted Revenue per Share

For the Household & Personal Products subindustry, Kao'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's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kao's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kao 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's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=874.867/106.8000*106.8000
=874.867

Current CPI (Dec. 2023) = 106.8000.

Kao Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 665.337 95.700 742.508
201406 632.843 98.000 689.670
201409 669.493 98.500 725.907
201412 785.984 97.900 857.437
201503 656.536 97.900 716.221
201506 731.051 98.400 793.458
201509 732.896 98.500 794.653
201512 816.536 98.100 888.951
201603 667.376 97.900 728.047
201606 725.785 98.100 790.151
201609 709.262 98.000 772.951
201612 815.161 98.400 884.748
201703 699.730 98.100 761.786
201706 754.430 98.500 818.001
201709 736.093 98.800 795.696
201712 829.877 99.400 891.659
201803 711.171 99.200 765.656
201806 771.284 99.200 830.374
201809 757.522 99.900 809.843
201812 842.716 99.700 902.729
201903 712.649 99.700 763.399
201906 772.621 99.800 826.813
201909 806.488 100.100 860.469
201912 816.887 100.500 868.095
202003 702.215 100.300 747.722
202006 684.815 99.900 732.115
202009 702.918 99.900 751.468
202012 783.240 99.300 842.397
202103 668.121 99.900 714.267
202106 747.390 99.500 802.224
202109 729.631 100.100 778.467
202112 839.467 100.100 895.655
202203 731.768 101.100 773.025
202206 818.943 101.800 859.166
202209 844.078 103.100 874.370
202212 910.837 104.100 934.461
202303 748.195 104.400 765.395
202306 840.545 105.200 853.329
202309 833.210 106.200 837.917
202312 874.867 106.800 874.867

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


Kao  (TSE:4452) 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's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6592.00/3231.61
=2.04

* 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 was 3.42. The lowest was 1.59. And the median was 2.57.


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 Cyclically Adjusted Revenue per Share Related Terms

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


Kao (TSE:4452) Business Description

Industry
Traded in Other Exchanges
Address
14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, JPN, 103-8210
Kao is the largest household and personal care product manufacturer in Japan with a footprint across Asia, Europe, and the Americas. Japan remains its largest market, contributing about 60% of sales and an estimated 70% of profits with several leading brands including Attack and Biore. Initially a soap producer established in the 1890s, Kao has expanded into cosmetics, disposable hygiene products, and chemicals, in addition to its home care and toiletry products. Asia, the largest overseas market contributing 20% of group sales, is a key growth driver, led by expansion in China and Indonesia. It has also acquired several Western skin and haircare brands including Jergens, John Frieda, Curel, Molton Brown, and the latest, Oribe.

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