Golden Heaven Group Holdings (Golden Heaven Group Holdings) Tangible Book per Share : $1.18 (As of Sep. 2023)

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What is Golden Heaven Group Holdings Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Golden Heaven Group Holdings's tangible book value per share for the quarter that ended in Sep. 2023 was $1.18.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Golden Heaven Group Holdings Tangible Book per Share Historical Data

The historical data trend for Golden Heaven Group Holdings's Tangible Book 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.

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Golden Heaven Group Holdings Tangible Book per Share Chart

Golden Heaven Group Holdings Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Tangible Book per Share

0.48

0.77

0.96

1.18

Golden Heaven Group Holdings Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Tangible Book per Share	Get a 7-Day Free Trial			0.77	0.92	0.96	1.14	1.18

Competitive Comparison of Golden Heaven Group Holdings's Tangible Book per Share

For the Leisure subindustry, Golden Heaven Group Holdings's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Golden Heaven Group Holdings's Price-to-Tangible-Book Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Golden Heaven Group Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Golden Heaven Group Holdings's Price-to-Tangible-Book falls into.

Golden Heaven Group Holdings Tangible Book per Share Calculation

Golden Heaven Group Holdings's Tangible Book Value Per Share for the fiscal year that ended in Sep. 2023 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(61.051	-	0	-	0)	/	51.75
	=	1.18

Golden Heaven Group Holdings's Tangible Book Value Per Share for the quarter that ended in Sep. 2023 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(61.051	-	0	-	0)	/	51.75
	=	1.18

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Golden Heaven Group Holdings (NAS:GDHG) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Golden Heaven Group Holdings Tangible Book per Share Related Terms

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Golden Heaven Group Holdings (Golden Heaven Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Golden Heaven Group Holdings Ltd (NAS:GDHG) » Definitions » Tangible Book per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Banhouhaichuan Road, Xiqin Town, Yanping District, Fujian Province, Nanping City, CHN, 353001

Website

http://www.jsyoule.com

Golden Heaven Group Holdings Ltd is an offshore holding company. Through the operating entities in China, It manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. The parks collectively contain nearly 159 rides and attractions. The firm's revenue is primarily generated from selling access to rides and attractions, charging fees for special event rentals, and collecting regular rental payments from commercial tenants.