Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Qifu Technology's share price for the quarter that ended in Mar. 2024 was HK$71.65. Qifu Technology's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 311 Mil. Therefore, Qifu Technology's market cap for the quarter that ended in Mar. 2024 was HK$22,248 Mil.
Qifu Technology's quarterly market cap
increased
from Sep. 2023 (HK$18,520 Mil) to Dec. 2023 (HK$20,316 Mil) and
increased
from Dec. 2023 (HK$20,316 Mil) to Mar. 2024 (HK$22,248 Mil).
Qifu Technology's annual market cap
increased
from Dec. 2021 (HK$0 Mil) to Dec. 2022 (HK$25,404 Mil) but then
declined
from Dec. 2022 (HK$25,404 Mil) to Dec. 2023 (HK$20,316 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. Qifu Technology's Enterprise Value for Today is HK$18,892 Mil.
Qifu Technology Market Cap Historical Data
The historical data trend for Qifu Technology's Market Cap 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.
Competitive Comparison of Qifu Technology's Market Cap
For the Credit Services subindustry, Qifu Technology'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.
Qifu Technology's Market Cap Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Qifu Technology's Market Cap distribution charts can be found below:
* The bar in red indicates where Qifu Technology's Market Cap falls into.
Qifu Technology 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.
Qifu Technology's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Qifu Technology (HKSE:03660) 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.
Qifu Technology Market Cap Related Terms
Thank you for viewing the detailed overview of Qifu Technology's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Qifu Technology Inc is a Credit-Tech platform in China. It provides credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions, whereby it deploys its technology solutions to help financial institutions identify the diversified needs of consumers and SMEs, effectively access prospective borrowers that are creditworthy through multi-channels, enhance credit assessment on prospective borrowers, and manage credit risks and improve collection strategies and efficiency, among others.
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