What is Joinn Laboratories (China) Co Earnings Yield (Joel Greenblatt) %?
Joinn Laboratories (China) Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥10,315 Mil.
Joinn Laboratories (China) Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2 Mil. Joinn Laboratories (China) Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 0.02%.
The historical rank and industry rank for Joinn Laboratories (China) Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:603127'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.02 Med: 1.99 Max: 10.08
Current: 0.03
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Joinn Laboratories (China) Co was 10.08%. The lowest was 0.02%. And the median was 1.99%.
SHSE:603127's Earnings Yield (Joel Greenblatt) % is ranked better than 58.62% of 232
companies
in the Medical Diagnostics & Research industry
Industry Median: -2.875
vs SHSE:603127: 0.03
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) %. Joinn Laboratories (China) Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Joinn Laboratories (China) Co 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.
* Premium members only.
Joinn Laboratories (China) Co Earnings Yield (Joel Greenblatt) % Chart
For the Diagnostics & Research subindustry, Joinn Laboratories (China) Co'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.
Joinn Laboratories (China) Co's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Joinn Laboratories (China) Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Joinn Laboratories (China) Co's Earnings Yield (Joel Greenblatt) % falls into.
Joinn Laboratories (China) Co 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.
Joinn Laboratories (China) Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Joinn Laboratories (China) Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥2 Mil.
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.
Joinn Laboratories (China) Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Joinn Laboratories (China) Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joinn Laboratories (China) Co (SHSE:603127) Business Description
Joinn Laboratories (China) Co Ltd is a non-clinical contract research organization(CRO) focused on drug safety assessment. It operates in three segments: Non-clinical studies services include drug safety assessment, drug metabolism & pharmacokinetics (DMPK) studies, & pharmacology & efficacy studies; Clinical trial & related services segment provides early-stage services such as clinical CRO services, co-managed phase I clinical research units, & bioanalytical services, and: Sales of research models engages in the design, production, breeding, & sales of research models, currently including non-human primates and rodents. The majority is from the Non- Clinical studies services. Its geographical segments are China, the United States, and Other countries, of which the majority is from China.
Joinn Laboratories (China) Co (SHSE:603127) Headlines
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