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Sunny Optical Technology (Group) Co (HKSE:02382) 5-Year Yield-on-Cost % : 1.32 (As of Apr. 28, 2024)


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What is Sunny Optical Technology (Group) Co 5-Year Yield-on-Cost %?

Sunny Optical Technology (Group) Co's yield on cost for the quarter that ended in Dec. 2023 was 1.32.


The historical rank and industry rank for Sunny Optical Technology (Group) Co's 5-Year Yield-on-Cost % or its related term are showing as below:

HKSE:02382' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.16   Med: 0.74   Max: 1.95
Current: 1.32


During the past 13 years, Sunny Optical Technology (Group) Co's highest Yield on Cost was 1.95. The lowest was 0.16. And the median was 0.74.


HKSE:02382's 5-Year Yield-on-Cost % is ranked worse than
72.1% of 1355 companies
in the Hardware industry
Industry Median: 2.83 vs HKSE:02382: 1.32

Competitive Comparison of Sunny Optical Technology (Group) Co's 5-Year Yield-on-Cost %

For the Electronic Components subindustry, Sunny Optical Technology (Group) Co's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.


Sunny Optical Technology (Group) Co's 5-Year Yield-on-Cost % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sunny Optical Technology (Group) Co's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Sunny Optical Technology (Group) Co's 5-Year Yield-on-Cost % falls into.



Sunny Optical Technology (Group) Co 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Sunny Optical Technology (Group) Co is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Sunny Optical Technology (Group) Co  (HKSE:02382) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Sunny Optical Technology (Group) Co 5-Year Yield-on-Cost % Related Terms

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Sunny Optical Technology (Group) Co (HKSE:02382) Business Description

Traded in Other Exchanges
Address
No. 66-68, Fengle Road, Zhejiang Province, Yuyao, CHN, 315400
Headquartered in Yuyao, China, Sunny Optical is China's biggest handset camera modules maker and the world's largest handset lens sets manufacturer. Higher-margin lens sets are used on smartphones, vehicles, and augmented/virtual reality. Sunny Optical is a key beneficiary of the secular growth of mobile and vehicle camera demand, as smartphone manufacturers seek differentiated camera features and advanced driver-assistance systems witness rising adoption among automakers. The firm also manufactures optical instruments, such as high-end microscopes and optical measuring instruments. The company employed over 26,610 people as of December 2022.

Sunny Optical Technology (Group) Co (HKSE:02382) Headlines

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