Turners Group NZ (NZSE:TUA) Tangible Book per Share : NZ$0.60 (As of Jun. 2014)

Turners Group NZ Tangible Book per Share Chart

Turners Group NZ Annual Data
	Trend	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Tangible Book per Share		Get a 7-Day Free Trial					0.70	0.70	0.59	0.59	0.60

Turners Group NZ Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Tangible Book per Share	Get a 7-Day Free Trial															0.61	0.57	0.56	0.60	0.60

Competitive Comparison of Turners Group NZ's Tangible Book per Share

For the Auto & Truck Dealerships subindustry, Turners Group NZ'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.

Turners Group NZ's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Group NZ's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Turners Group NZ's Price-to-Tangible-Book falls into.

Turners Group NZ Tangible Book per Share Calculation

Turners Group NZ's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2013 is calculated as

Turners Group NZ's Tangible Book Value Per Share for the quarter that ended in Jun. 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.

Turners Group NZ  (NZSE:TUA) 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.

Turners Group NZ Tangible Book per Share Related Terms

Thank you for viewing the detailed overview of Turners Group NZ's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.

Turners Group NZ (NZSE:TUA) Business Description