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.
Kings Metal Fiber Technologies Co Tangible Book per Share Historical Data
* 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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Kings Metal Fiber Technologies Co Tangible Book per Share Chart
Competitive Comparison of Kings Metal Fiber Technologies Co's Tangible Book per Share
For the Textile Manufacturing subindustry, Kings Metal Fiber Technologies Co'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.
Kings Metal Fiber Technologies Co's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kings Metal Fiber Technologies Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Kings Metal Fiber Technologies Co's Price-to-Tangible-Book falls into.
Kings Metal Fiber Technologies Co Tangible Book per Share Calculation
* 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.
Kings Metal Fiber Technologies Co (ROCO:6832) 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.
Kings Metal Fiber Technologies Co Tangible Book per Share Related Terms
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Kings Metal Fiber Technologies Co Business Description
Kings Metal Fiber Technologies Co Ltd is engaged in the business of advanced textiles. Its customer base ranges from glass manufacturing industries to smart clothing retail markets. By transforming stainless steel fibers into soft and smooth textile constructions, the company provides the ideal buffer material for contacting the hot surfaces of glass during its forming process.
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