Zhejiang Akcome New Energy Technology Co (SZSE:002610) FCF Yield % : -2.56 (As of Apr. 29, 2024)

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What is Zhejiang Akcome New Energy Technology Co FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Zhejiang Akcome New Energy Technology Co's Trailing 12-Month Free Cash Flow is ¥-202 Mil, and Market Cap is ¥7,884 Mil. Therefore, Zhejiang Akcome New Energy Technology Co's FCF Yield % for today is -2.56%.

The historical rank and industry rank for Zhejiang Akcome New Energy Technology Co's FCF Yield % or its related term are showing as below:

SZSE:002610' s FCF Yield % Range Over the Past 10 Years
Min: -44.61 Med: -1.55 Max: 11.43
Current: -2.56

During the past 13 years, the highest FCF Yield % of Zhejiang Akcome New Energy Technology Co was 11.43%. The lowest was -44.61%. And the median was -1.55%.

SZSE:002610's FCF Yield % is ranked worse than
62.3% of 1000 companies
in the Semiconductors industry
Industry Median: -0.33 vs SZSE:002610: -2.56

Zhejiang Akcome New Energy Technology Co's FCF Margin % for the quarter that ended in Sep. 2023 was -37.69%.

Zhejiang Akcome New Energy Technology Co FCF Yield % Historical Data

The historical data trend for Zhejiang Akcome New Energy Technology Co's FCF Yield % 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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Zhejiang Akcome New Energy Technology Co FCF Yield % Chart

Zhejiang Akcome New Energy Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

FCF Yield %

Get a 7-Day Free Trial

-0.78

1.56

1.35

0.78

-0.70

Zhejiang Akcome New Energy Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
FCF Yield %	Get a 7-Day Free Trial															-6.12	0.88	-6.59	11.28	-12.72

Competitive Comparison of Zhejiang Akcome New Energy Technology Co's FCF Yield %

For the Solar subindustry, Zhejiang Akcome New Energy Technology Co's FCF Yield %, along with its competitors' market caps and FCF Yield % 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.

Zhejiang Akcome New Energy Technology Co's FCF Yield % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Zhejiang Akcome New Energy Technology Co's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Zhejiang Akcome New Energy Technology Co's FCF Yield % falls into.

Zhejiang Akcome New Energy Technology Co FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Zhejiang Akcome New Energy Technology Co's FCF Yield % for the fiscal year that ended in Dec. 2022 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	-89.924	/	12766.6605
	=	-0.70%

Zhejiang Akcome New Energy Technology Co's annualized FCF Yield % for the quarter that ended in Sep. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	-337.497	*	4	/	10616.4861
	=	-12.72%

Zhejiang Akcome New Energy Technology Co FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Zhejiang Akcome New Energy Technology Co FCF Yield % Related Terms

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Zhejiang Akcome New Energy Technology Co (SZSE:002610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Akcome New Energy Technology Co Ltd (SZSE:002610) » Definitions » FCF Yield %

Traded in Other Exchanges

N/A

Address

West Jintang Road, Economic Development Zone of Zhangjiagang, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.akcome.com

Zhejiang Akcome New Energy Technology Co Ltd Formerly Jiangsu Akcome Science & Technology Co Ltd is a Chinese technology-based company specialized in the investment and operation of power generated by new energy, and the one-stop provision of photovoltaic (PV) accessories. It offers products such as the solar framework, sectional material, modules, solar cell, aluminum framework of polar battery, PV installation rack and PV welding strip. In addition, the company is also involved in the online energy business. The company has a business presence in China and other countries.

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