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.
SMC Electric Tangible Book per Share Historical Data
The historical data trend for SMC Electric'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.
Competitive Comparison of SMC Electric's Tangible Book per Share
For the Furnishings, Fixtures & Appliances subindustry, SMC Electric'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.
SMC Electric's Price-to-Tangible-Book Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, SMC Electric's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where SMC Electric's Price-to-Tangible-Book falls into.
* 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.
SMC Electric (HKSE:02381) 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.
SMC Electric Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of SMC Electric's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
SMC Electric Ltd is engaged in manufacturing and selling of electric tools and sourcing and selling of electric fans. The company sells a wide variety of products including, fans such as Ceiling fans, Wall-mounted fans, Stand up fans, Cordless fans and Orbital fans, Work lights, Vacuum cleaners and other electric tools. The operating segments of the group are SMC segment and Non-SMC segment. It derives key revenue from the Non-SMC segment which involves the development, designing, manufacturing and trading of electric tools and electric fans to customers under their respective brands. The group derives revenue from the Americas, Europe, Oceania, Africa and Asia.
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