What is Tianli International Holdings Earnings Yield (Joel Greenblatt) %?
Tianli International Holdings's Enterprise Value for the quarter that ended in Feb. 2024 was HK$11,503 Mil.
Tianli International Holdings's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was HK$726 Mil. Tianli International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 0.00%.
The historical rank and industry rank for Tianli International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01773'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.13 Med: 3.7 Max: 15.45
Current: 6.71
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Tianli International Holdings was 15.45%. The lowest was 0.13%. And the median was 3.70%.
HKSE:01773's Earnings Yield (Joel Greenblatt) % is ranked better than 55.02% of 269
companies
in the Education industry
Industry Median: 5.49
vs HKSE:01773: 6.71
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Tianli International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Tianli International Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* 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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Tianli International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Tianli International Holdings's Earnings Yield (Joel Greenblatt) %
For the Education & Training Services subindustry, Tianli International Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
Tianli International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Tianli International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tianli International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Tianli International Holdings Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Tianli International Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Tianli International Holdings (HKSE:01773) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Tianli International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tianli International Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tianli International Holdings (HKSE:01773) Business Description
Tianli International Holdings Ltd operates as a private education service provider in Western China. The Company provides clients with integrated education management and diversified services. Its services mainly include comprehensive education services, training services, study trip services, early childhood education services, canteen operations, management and franchise, as well as supply chain management services. The Company also offers extracurricular programs in music, arts, physical education and languages, as well as licensing rights to its brands for early childhood centers. Geographically, it derives revenue from PRC.
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