Ningbo TIP Rubber Technology Co (SHSE:605255) 3-Year Book Growth Rate : -3.40% (As of Mar. 2024)

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What is Ningbo TIP Rubber Technology Co 3-Year Book Growth Rate?

Ningbo TIP Rubber Technology Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥6.36.

During the past 12 months, Ningbo TIP Rubber Technology Co's average Book Value per Share Growth Rate was 0.30% per year. During the past 3 years, the average Book Value per Share Growth Rate was -3.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was 7.30% 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 8 years, the highest 3-Year average Book Value per Share Growth Rate of Ningbo TIP Rubber Technology Co was 14.90% per year. The lowest was -3.40% per year. And the median was 7.30% per year.

Competitive Comparison of Ningbo TIP Rubber Technology Co's 3-Year Book Growth Rate

For the Auto Parts subindustry, Ningbo TIP Rubber Technology Co'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.

Ningbo TIP Rubber Technology Co's 3-Year Book Growth Rate Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo TIP Rubber Technology Co's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Ningbo TIP Rubber Technology Co's 3-Year Book Growth Rate falls into.

Ningbo TIP Rubber Technology Co 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.

Ningbo TIP Rubber Technology Co (SHSE:605255) 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.

Ningbo TIP Rubber Technology Co 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of Ningbo TIP Rubber Technology Co's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningbo TIP Rubber Technology Co (SHSE:605255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo TIP Rubber Technology Co Ltd (SHSE:605255) » Definitions » 3-Year Book Growth Rate

Traded in Other Exchanges

N/A

Address

No. 5, Jinlong Road, Taoyuan Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315600

Website

http://www.tipgroupm.com

Ningbo TIP Rubber Technology Co Ltd is engaged in production and sales of automotive polymer fluid piping system and sealing system parts and assemblies. The company's products include Water hose; Fuel hose; Moulded part; Assembly; Rubber compound; metal processing / plastic part; and Hydraulic hose.

Ningbo TIP Rubber Technology Co (SHSE:605255) Headlines

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