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Innolux (TPE:3481) Cyclically Adjusted Revenue per Share : NT$40.81 (As of Mar. 2024)


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What is Innolux Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Innolux's adjusted revenue per share for the three months ended in Mar. 2024 was NT$5.564. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$40.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Innolux's average Cyclically Adjusted Revenue Growth Rate was -6.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -7.20% 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Innolux was -7.20% per year. The lowest was -8.30% per year. And the median was -7.75% per year.

As of today (2024-06-09), Innolux's current stock price is NT$13.65. Innolux's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$40.81. Innolux's Cyclically Adjusted PS Ratio of today is 0.33.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Innolux was 0.69. The lowest was 0.11. And the median was 0.30.


Innolux Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Innolux's Cyclically Adjusted Revenue per Share 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.

* Premium members only.

Innolux Cyclically Adjusted Revenue per Share Chart

Innolux Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.67 51.37 48.65 44.48 41.03

Innolux Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.71 42.94 42.22 41.03 40.81

Competitive Comparison of Innolux's Cyclically Adjusted Revenue per Share

For the Electronic Components subindustry, Innolux's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Innolux's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Innolux's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Innolux's Cyclically Adjusted PS Ratio falls into.



Innolux Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Innolux's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.564/131.7762*131.7762
=5.564

Current CPI (Mar. 2024) = 131.7762.

Innolux Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 14.157 100.560 18.552
201409 13.764 100.428 18.060
201412 13.041 99.070 17.346
201503 11.546 99.621 15.273
201506 10.892 100.684 14.256
201509 10.377 100.392 13.621
201512 9.547 99.792 12.607
201603 6.600 100.470 8.657
201606 7.825 101.688 10.140
201609 8.782 101.861 11.361
201612 10.210 101.863 13.208
201703 9.963 102.862 12.764
201706 9.734 103.349 12.411
201709 9.187 104.136 11.625
201712 8.749 104.011 11.084
201803 7.710 105.290 9.650
201806 7.599 106.317 9.419
201809 8.538 106.507 10.564
201812 8.399 105.998 10.442
201903 7.004 107.251 8.606
201906 7.422 108.070 9.050
201909 7.384 108.329 8.982
201912 7.908 108.420 9.612
202003 6.086 108.902 7.364
202006 7.974 108.767 9.661
202009 8.436 109.815 10.123
202012 9.288 109.897 11.137
202103 9.198 111.754 10.846
202106 10.177 114.631 11.699
202109 9.060 115.734 10.316
202112 6.093 117.630 6.826
202203 6.884 121.301 7.478
202206 5.786 125.017 6.099
202209 4.784 125.227 5.034
202212 5.041 125.222 5.305
202303 4.554 127.348 4.712
202306 6.063 128.729 6.207
202309 6.377 129.860 6.471
202312 5.885 129.419 5.992
202403 5.564 131.776 5.564

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Innolux  (TPE:3481) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Innolux's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=13.65/40.81
=0.33

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Innolux was 0.69. The lowest was 0.11. And the median was 0.30.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Innolux Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Innolux's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Innolux (TPE:3481) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innolux Corp (TPE:3481) » Definitions » Cyclically Adjusted Revenue per Share
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Address
No. 160, Science Road, Hsinchu Science Park, Zhunan Site, Miaoli, TWN, 35053
Innolux Corp is a Taiwan-based company that designs, manufactures, and distributes thin-film transistor liquid crystal display panels to original-equipment manufacturers. Its panels range from 18 inches to 100 inches and are used in television sets, desktop monitors, notebooks and tablets, and medical and automotive applications. The company has more than 10 manufacturing facilities, predominantly in Taiwan. It generates revenue in Taiwan and markets in Asia, the Americas, and Europe.

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