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.
Affinity Education Group Tangible Book per Share Historical Data
The historical data trend for Affinity Education Group'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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Affinity Education Group Tangible Book per Share Chart
Affinity Education Group Annual Data
Trend
Dec14
Tangible Book per Share
-0.08
Affinity Education Group Semi-Annual Data
Jun14
Dec14
Jun15
Tangible Book per Share
0.12
-0.08
-0.10
Competitive Comparison of Affinity Education Group's Tangible Book per Share
For the Personal Services subindustry, Affinity Education Group'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.
Affinity Education Group's Price-to-Tangible-Book Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Affinity Education Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Affinity Education Group's Price-to-Tangible-Book falls into.
Affinity Education Group Tangible Book per Share Calculation
Affinity Education Group's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2014 is calculated as
* 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.
Affinity Education Group (FRA:A0J) 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.
Affinity Education Group Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Affinity Education Group's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Affinity Education Group (FRA:A0J) Business Description
Affinity Education Group Ltd was incorporated on 21st May, 2013. The Company provides education and care to children aged six weeks to 12 years. Provision of these services includes long day care, before and after school care and occasional care. Its segments include Long day care centers, Outside school-hours care, Family day care, and Occasional care. Long day care centers are set up to primarily offer care to below school age children with working parents. The care can be both full-and-part time. Outside school-hours care provides before and after school short-term care to children of primary school age. Vacation care is also considered part of this segment, providing child care services to parents during school holidays. Family day care is the only area of child care approved under the National Quality Framework that takes place outside of a center, with care provided in the home of an approved educator. This type of care can be all day, part time, occasional or outside school hours. Occasional care offers child care services for children on a casual basis. Centers offering occasional services are primarily set up to provide flexibility to parents with irregular working hours or short-term needs. As with family day care, occasional care is a capped program.
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