Quorum Information Technologies (Quorum Information Technologies) Market Cap : $40.69 Mil (As of Jun. 20, 2024)

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What is Quorum Information Technologies Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Quorum Information Technologies's share price for the quarter that ended in Mar. 2024 was $0.515. Quorum Information Technologies's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 73.54 Mil. Therefore, Quorum Information Technologies's market cap for the quarter that ended in Mar. 2024 was $37.88 Mil.

Quorum Information Technologies's quarterly market cap increased from Sep. 2023 ($30.14 Mil) to Dec. 2023 ($31.59 Mil) and increased from Dec. 2023 ($31.59 Mil) to Mar. 2024 ($37.88 Mil).

Quorum Information Technologies's annual market cap declined from Dec. 2021 ($62.51 Mil) to Dec. 2022 ($41.37 Mil) and declined from Dec. 2022 ($41.37 Mil) to Dec. 2023 ($31.59 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Quorum Information Technologies's Enterprise Value for Today is $46.46 Mil.

Quorum Information Technologies Market Cap Historical Data

The historical data trend for Quorum Information Technologies's Market Cap 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.

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Quorum Information Technologies Market Cap Chart

Quorum Information Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Market Cap

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68.40

58.25

62.51

41.37

31.59

Quorum Information Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Market Cap	Get a 7-Day Free Trial															39.55	39.47	30.14	31.59	37.88

Competitive Comparison of Quorum Information Technologies's Market Cap

For the Software - Application subindustry, Quorum Information Technologies's Market Cap, along with its competitors' market caps and Market Cap 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.

Quorum Information Technologies's Market Cap Distribution in the Software Industry

For the Software industry and Technology sector, Quorum Information Technologies's Market Cap distribution charts can be found below:

* The bar in red indicates where Quorum Information Technologies's Market Cap falls into.

Quorum Information Technologies Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Quorum Information Technologies's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )	=	Share Price (A: Dec. 2023 )	*	Shares Outstanding (EOP) (A: Dec. 2023 )
	=	$0.4295	*	73.5445
	=	$31.59

Quorum Information Technologies's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )	=	Share Price (Q: Mar. 2024 )	*	Shares Outstanding (EOP) (Q: Mar. 2024 )
	=	$0.515	*	73.5445
	=	$37.88

Quorum Information Technologies (OTCPK:QIFTF) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Quorum Information Technologies Market Cap Related Terms

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Quorum Information Technologies (Quorum Information Technologies) Business Description

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QIS:Canada

Address

7500 Macleod Trail South East, Suite 200, Calgary, AB, CAN, T2H 0L9

Website

https://quoruminformationsystems.com

Quorum Information Technologies Inc is an information technology company engaged in the automotive retail business. It develops, markets, implements, and supports its software products, XSELLERATOR, a Dealership Management System for the automotive market; Autovance Desk, Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service and Sales Customer Relationship Management (CRM" system and Business Development Centre (BDC); and Quorum Advantage showroom system. The Company works with original equipment manufacturers to bring integration between the auto manufacturers and the systems that dealers use. The Company operates in one segment, the computer network, and the business software industry. Its geographical segments are Canada and the United States.