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.
Fuyo General Lease Co Tangible Book per Share Historical Data
The historical data trend for Fuyo General Lease Co'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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Fuyo General Lease Co Tangible Book per Share Chart
Competitive Comparison of Fuyo General Lease Co's Tangible Book per Share
For the Rental & Leasing Services subindustry, Fuyo General Lease 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.
Fuyo General Lease Co's Price-to-Tangible-Book Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Fuyo General Lease Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Fuyo General Lease Co'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.
Fuyo General Lease Co (TSE:8424) 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.
Fuyo General Lease Co Tangible Book per Share Related Terms
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Fuyo General Lease Co Ltd is Japanese company which is engaged in leasing and installment transactions for machinery and equipment and financial transactions such as the provision of operating loans. The company focuses on using direct and indirect financing to procure funds for purchasing assets to lease or to sell through installment sales and for providing operating loans to customers. It has three reportable segments namely Lease and Installment Sales segment conducts leasing office equipment, industrial machinery and sells commercial equipment, production facilities, medical devices, and other assets on an installment basis; Loans segment which is engaged in commercial lending; and Other segment which invests in marketable securities.
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