Hongfa Technology Co's quarterly market cap
declined
from Sep. 2023 (¥34,982 Mil) to Dec. 2023 (¥28,820 Mil) and
declined
from Dec. 2023 (¥28,820 Mil) to Mar. 2024 (¥26,244 Mil).
Hongfa Technology Co's annual market cap
declined
from Dec. 2021 (¥55,589 Mil) to Dec. 2022 (¥34,836 Mil) and
declined
from Dec. 2022 (¥34,836 Mil) to Dec. 2023 (¥28,820 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. Hongfa Technology Co's Enterprise Value for Today is ¥30,509 Mil.
Hongfa Technology Co Market Cap Historical Data
The historical data trend for Hongfa Technology Co'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 Hongfa Technology Co's Market Cap
For the Electrical Equipment & Parts subindustry, Hongfa Technology Co'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.
Hongfa Technology Co's Market Cap Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hongfa Technology Co's Market Cap distribution charts can be found below:
* The bar in red indicates where Hongfa Technology Co's Market Cap falls into.
Hongfa Technology Co 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.
Hongfa Technology Co'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.
Hongfa Technology Co (SHSE:600885) 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.
Hongfa Technology Co Market Cap Related Terms
Thank you for viewing the detailed overview of Hongfa Technology Co's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Hongfa Technology Co (SHSE:600885) Business Description
Hongfa Technology Co Ltd is a relay manufacturer in China. It engaged in the manufacturing and sale of electronic components. Its product portfolio includes relays, HV/LV devices, precision parts, automatic production. Hongfa products are widely used in areas as industry, energy, transportation, telecommunication, home appliances, medical care, national defense.
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