ReadCloud (ASX:RCL) 3-Year Book Growth Rate : -5.00% (As of Sep. 2023)

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What is ReadCloud 3-Year Book Growth Rate?

ReadCloud's Book Value per Share for the quarter that ended in Sep. 2023 was A$0.07.

During the past 12 months, ReadCloud's average Book Value per Share Growth Rate was -18.50% per year. During the past 3 years, the average Book Value per Share Growth Rate was -5.00% per year. During the past 5 years, the average Book Value per Share Growth Rate was 2.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 7 years, the highest 3-Year average Book Value per Share Growth Rate of ReadCloud was 13.60% per year. The lowest was -17.90% per year. And the median was 3.40% per year.

Competitive Comparison of ReadCloud's 3-Year Book Growth Rate

For the Software - Application subindustry, ReadCloud's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

ReadCloud's 3-Year Book Growth Rate Distribution in the Software Industry

For the Software industry and Technology sector, ReadCloud's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where ReadCloud's 3-Year Book Growth Rate falls into.

ReadCloud 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

ReadCloud (ASX:RCL) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

ReadCloud 3-Year Book Growth Rate Related Terms

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ReadCloud (ASX:RCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadCloud Ltd (ASX:RCL) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

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Address

126 Church Street, Level 1, Brighton, VIC, AUS, 3186

Website

https://www.readcloud.com

ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.