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Hit Welding Industry Co (SZSE:301137) Market Cap : ¥2,889 Mil (As of May. 27, 2024)


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What is Hit Welding Industry Co 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). Hit Welding Industry Co's share price for the quarter that ended in Mar. 2024 was ¥14.93. Hit Welding Industry Co's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 182 Mil. Therefore, Hit Welding Industry Co's market cap for the quarter that ended in Mar. 2024 was ¥2,714 Mil.

Hit Welding Industry Co's quarterly market cap declined from Sep. 2023 (¥3,660 Mil) to Dec. 2023 (¥3,325 Mil) and declined from Dec. 2023 (¥3,325 Mil) to Mar. 2024 (¥2,714 Mil).

Hit Welding Industry Co's annual market cap increased from Dec. 2021 (¥0 Mil) to Dec. 2022 (¥2,420 Mil) and increased from Dec. 2022 (¥2,420 Mil) to Dec. 2023 (¥3,325 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. Hit Welding Industry Co's Enterprise Value for Today is ¥2,567 Mil.


Hit Welding Industry Co Market Cap Historical Data

The historical data trend for Hit Welding Industry Co'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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Hit Welding Industry Co Market Cap Chart

Hit Welding Industry Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Market Cap
Get a 7-Day Free Trial - - - 2,419.93 3,325.36

Hit Welding Industry Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Market Cap 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 2,799.92 3,249.00 3,659.90 3,325.36 2,714.47

Competitive Comparison of Hit Welding Industry Co's Market Cap

For the Specialty Industrial Machinery subindustry, Hit Welding Industry Co'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.


Hit Welding Industry Co's Market Cap Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hit Welding Industry Co's Market Cap distribution charts can be found below:

* The bar in red indicates where Hit Welding Industry Co's Market Cap falls into.



Hit Welding Industry Co 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.

Hit Welding Industry Co'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 )
=¥18.29*181.813
=¥3,325

Hit Welding Industry Co'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 )
=¥14.93*181.813
=¥2,714

* 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.


Hit Welding Industry Co  (SZSE:301137) 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 company’s 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.


Hit Welding Industry Co Market Cap Related Terms

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Hit Welding Industry Co (SZSE:301137) Business Description

Traded in Other Exchanges
N/A
Address
Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102
Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

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