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China Finance (China Finance) Tangible Book per Share : $0.71 (As of Mar. 2007)


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What is China Finance Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. China Finance's tangible book value per share for the quarter that ended in Mar. 2007 was $0.71.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


China Finance Tangible Book per Share Historical Data

The historical data trend for China Finance's Tangible Book 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.

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China Finance Tangible Book per Share Chart

China Finance Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06
Tangible Book per Share
Get a 7-Day Free Trial 0.18 -0.03 0.27 0.22 0.49

China Finance Quarterly Data
Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07
Tangible Book 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 0.31 0.46 0.33 0.49 0.71

Competitive Comparison of China Finance's Tangible Book per Share

For the Credit Services subindustry, China Finance's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.


China Finance's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, China Finance's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Finance's Price-to-Tangible-Book falls into.



China Finance Tangible Book per Share Calculation

China Finance's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2006 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(28.45-0-0)/57.6717
=0.49

China Finance's Tangible Book Value Per Share for the quarter that ended in Mar. 2007 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(41.085-0-0)/57.6717
=0.71

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


China Finance  (OTCPK:CHFI) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


China Finance Tangible Book per Share Related Terms

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China Finance (China Finance) Business Description

Traded in Other Exchanges
N/A
Address
Shennan Road, 22 nd Floor, Tower 1, China Phoenix Building, Shenzhen, CHN
Website
China Finance Inc through its subsidiary provides financial support and services, mainly in the form of surety guarantees or short-term loans to privately owned small and medium sized enterprises in China.

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