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ASICS (TSE:7936) Cyclically Adjusted Revenue per Share : 円2,400.15 (As of Mar. 2024)


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What is ASICS 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.

ASICS's adjusted revenue per share for the three months ended in Mar. 2024 was 円953.827. 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 円2,400.15 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ASICS's average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% 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 ASICS was 8.10% per year. The lowest was 3.30% per year. And the median was 4.80% per year.

As of today (2024-05-22), ASICS's current stock price is 円8046.00. ASICS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円2,400.15. ASICS's Cyclically Adjusted PS Ratio of today is 3.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ASICS was 3.39. The lowest was 0.39. And the median was 1.07.


ASICS Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ASICS'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.

ASICS Cyclically Adjusted Revenue per Share Chart

ASICS Annual Data
Trend Mar14 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 1,834.99 1,861.49 1,960.36 2,160.56 2,348.66

ASICS 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 2,209.31 2,256.39 2,318.76 2,348.66 2,400.15

Competitive Comparison of ASICS's Cyclically Adjusted Revenue per Share

For the Footwear & Accessories subindustry, ASICS'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.


ASICS's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ASICS 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, ASICS'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)
=953.827/107.2000*107.2000
=953.827

Current CPI (Mar. 2024) = 107.2000.

ASICS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 805.936 98.000 881.595
201409 515.265 98.500 560.776
201412 443.500 97.900 485.630
201503 583.003 97.900 638.385
201506 519.750 98.400 566.232
201509 572.329 98.500 622.880
201512 455.081 98.100 497.295
201603 584.734 97.900 640.281
201606 463.341 98.100 506.322
201609 506.183 98.000 553.702
201612 430.839 98.400 469.369
201703 560.371 98.100 612.352
201706 451.703 98.500 491.600
201709 529.486 98.800 574.503
201712 445.623 99.400 480.591
201803 519.617 99.200 561.522
201806 439.399 99.200 474.834
201809 514.574 99.900 552.176
201812 482.692 99.700 519.003
201903 501.611 99.700 539.345
201906 468.542 99.800 503.284
201909 527.722 100.100 565.153
201912 498.071 100.500 531.276
202003 466.148 100.300 498.216
202006 337.878 99.900 362.568
202009 552.925 99.900 593.329
202012 441.197 99.300 476.297
202103 580.687 99.900 623.120
202106 562.710 99.500 606.256
202109 615.210 100.100 658.846
202112 447.669 100.100 479.422
202203 574.993 101.100 609.686
202206 653.452 101.800 688.114
202209 752.610 103.100 782.539
202212 663.003 104.100 682.747
202303 830.771 104.400 853.052
202306 751.474 105.200 765.761
202309 861.745 106.200 869.859
202312 667.267 106.800 669.766
202403 953.827 107.200 953.827

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


ASICS  (TSE:7936) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8046.00/2400.15
=3.35

* 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 ASICS was 3.39. The lowest was 0.39. And the median was 1.07.


Be Aware

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


ASICS Cyclically Adjusted Revenue per Share Related Terms

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


ASICS (TSE:7936) Business Description

Traded in Other Exchanges
Address
1-1, Minatojima-Nakamachi 7-chome, Chuo-ku, Kobe, JPN, 650-8555
ASICS Corp is a Japanese manufacturer and distributor of sporting goods. The company organises itself across three business domains: athletic sports, sports lifestyle, and health/comfort. Athletic sports provide equipment for running, Asics' core business; training; tennis; and rugby. Sports lifestyle includes fashion and lifestyle apparel and footwear. Health/comfort includes casual leather shoes, safety shoes, and nursing care facilities. The company reports results for three segments: sports shoes, sportswear, and sports equipment. The sports shoes segment contributes to the vast majority of consolidated revenue. Geographically, sales made domestically, across the Americas, and in EMEA contribute significantly to revenue, and collectively constitute the vast majority of sales.

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