Luohe Letone Hydraulics Technology Co (BJSE:832225) Market Cap : ¥1,087.7 Mil (As of Jun. 08, 2024)

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What is Luohe Letone Hydraulics Technology Co Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Luohe Letone Hydraulics Technology Co's share price for the quarter that ended in Mar. 2024 was ¥15.56. Luohe Letone Hydraulics Technology Co's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 105.8 Mil. Therefore, Luohe Letone Hydraulics Technology Co's market cap for the quarter that ended in Mar. 2024 was ¥1,645.7 Mil.

Luohe Letone Hydraulics Technology Co's quarterly market cap increased from Sep. 2023 (¥1,449.0 Mil) to Dec. 2023 (¥2,250.7 Mil) but then declined from Dec. 2023 (¥2,250.7 Mil) to Mar. 2024 (¥1,645.7 Mil).

Luohe Letone Hydraulics Technology Co's annual market cap declined from Dec. 2021 (¥767.2 Mil) to Dec. 2022 (¥623.0 Mil) but then increased from Dec. 2022 (¥623.0 Mil) to Dec. 2023 (¥2,250.7 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Luohe Letone Hydraulics Technology Co's Enterprise Value for Today is ¥1,014.7 Mil.

Luohe Letone Hydraulics Technology Co Market Cap Historical Data

The historical data trend for Luohe Letone Hydraulics Technology Co's Market Cap 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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Luohe Letone Hydraulics Technology Co Market Cap Chart

Luohe Letone Hydraulics Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Market Cap

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108.86

140.85

767.21

622.96

2,250.70

Luohe Letone Hydraulics Technology Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Market Cap	Get a 7-Day Free Trial															771.03	995.26	1,448.99	2,250.70	1,645.72

Competitive Comparison of Luohe Letone Hydraulics Technology Co's Market Cap

For the Oil & Gas Equipment & Services subindustry, Luohe Letone Hydraulics Technology Co's Market Cap, along with its competitors' market caps and Market Cap 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.

Luohe Letone Hydraulics Technology Co's Market Cap Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Luohe Letone Hydraulics Technology Co's Market Cap distribution charts can be found below:

* The bar in red indicates where Luohe Letone Hydraulics Technology Co's Market Cap falls into.

Luohe Letone Hydraulics Technology Co Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Luohe Letone Hydraulics Technology Co's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )	=	Share Price (A: Dec. 2023 )	*	Shares Outstanding (EOP) (A: Dec. 2023 )
	=	¥21.28	*	105.766
	=	¥2,250.7

Luohe Letone Hydraulics Technology Co's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )	=	Share Price (Q: Mar. 2024 )	*	Shares Outstanding (EOP) (Q: Mar. 2024 )
	=	¥15.56	*	105.766
	=	¥1,645.7

Luohe Letone Hydraulics Technology Co (BJSE:832225) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Luohe Letone Hydraulics Technology Co Market Cap Related Terms

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Luohe Letone Hydraulics Technology Co (BJSE:832225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Luohe Letone Hydraulics Technology Co Ltd (BJSE:832225) » Definitions » Market Cap

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Address

No. 88, Dongfanghong Road, National Luohe Economic and Technological Development Zone, Henan Province, Luohe City, CHN, 462000

Website

https://www.letone.cn

Luohe Letone Hydraulics Technology Co Ltd is engaged in research and development, production, and sales of rubber hydraulic hoses. It is focused on polymer material blending, polymer material modification, hydraulic hoses, oil drilling hoses, fracturing hoses, rubber-plastic composite hoses, ultra-high pressure resin hoses, and fluid connections. It provides high-efficiency solutions for fluid transportation, high-performance solutions for polymer material blends, and high-efficiency transportation for shale oil and gas stimulation and acid fracturing pipelines.

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