Shenzhen Inovance Technology Co's quarterly market cap
declined
from Sep. 2023 (¥177,204 Mil) to Dec. 2023 (¥169,007 Mil) and
declined
from Dec. 2023 (¥169,007 Mil) to Mar. 2024 (¥163,894 Mil).
Shenzhen Inovance Technology Co's annual market cap
increased
from Dec. 2021 (¥180,769 Mil) to Dec. 2022 (¥184,828 Mil) but then
declined
from Dec. 2022 (¥184,828 Mil) to Dec. 2023 (¥169,007 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. Shenzhen Inovance Technology Co's Enterprise Value for Today is ¥150,567 Mil.
Shenzhen Inovance Technology Co Market Cap 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.
Competitive Comparison of Shenzhen Inovance Technology Co's Market Cap
For the Electrical Equipment & Parts subindustry, Shenzhen Inovance 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.
Shenzhen Inovance Technology Co's Market Cap Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shenzhen Inovance Technology Co's Market Cap distribution charts can be found below:
* The bar in red indicates where Shenzhen Inovance Technology Co's Market Cap falls into.
Shenzhen Inovance 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.
* 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.
Shenzhen Inovance Technology Co (SZSE:300124) 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.
Shenzhen Inovance Technology Co Market Cap Related Terms
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Shenzhen Inovance Technology Co (SZSE:300124) Business Description
Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.
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