What is Asahi Songwon Colors Earnings Yield (Joel Greenblatt) %?
Asahi Songwon Colors's Enterprise Value for the quarter that ended in Mar. 2024 was ₹6,063 Mil.
Asahi Songwon Colors's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹305 Mil. Asahi Songwon Colors's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 5.03%.
The historical rank and industry rank for Asahi Songwon Colors's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:532853'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.01 Med: 12.31 Max: 42.27
Current: 4.85
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Asahi Songwon Colors was 42.27%. The lowest was -6.01%. And the median was 12.31%.
BOM:532853's Earnings Yield (Joel Greenblatt) % is ranked better than 56.61% of 1574
companies
in the Chemicals industry
Industry Median: 3.905
vs BOM:532853: 4.85
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) %. Asahi Songwon Colors's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was -11.18%. 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.
Asahi Songwon Colors Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Asahi Songwon Colors's Earnings Yield (Joel Greenblatt) % 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.
For the Specialty Chemicals subindustry, Asahi Songwon Colors'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.
Asahi Songwon Colors's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asahi Songwon Colors's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asahi Songwon Colors's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Asahi Songwon Colorss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Asahi Songwon Colors'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 ₹305 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.
Asahi Songwon Colors Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Asahi Songwon Colors's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Asahi Songwon Colors (BOM:532853) Business Description
Asahi Songwon Colors Ltd is a supplier and manufacturer of pigment color. It is principally engaged in the business of manufacturing phthalocyanine pigment and derivatives in India. The company deals with the following pigments: CPC Blue Crude, Pigment Alfa Blue 15:0, Pigment Alfa Blue 15:1, Pigment Beta Blue 15:3 and Pigment Blue 15.4. These products are mainly used in the manufacture of printing inks while the rest find application in paints, plastics, textiles and paper industries. The company is in the process of adding new products in future. The majority of the revenue is generated outside India.
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