What is LONGi Green Energy Technology Co Earnings Yield (Joel Greenblatt) %?
LONGi Green Energy Technology Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥116,849 Mil.
LONGi Green Energy Technology Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥5,758 Mil. LONGi Green Energy Technology Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 4.93%.
The historical rank and industry rank for LONGi Green Energy Technology Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:601012'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.53 Med: 4.48 Max: 14.94
Current: 5.24
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of LONGi Green Energy Technology Co was 14.94%. The lowest was -0.53%. And the median was 4.48%.
SHSE:601012's Earnings Yield (Joel Greenblatt) % is ranked better than 74.15% of 998
companies
in the Semiconductors industry
Industry Median: 2.105
vs SHSE:601012: 5.24
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) %. LONGi Green Energy Technology Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 24.06%. 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.
LONGi Green Energy Technology 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.
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LONGi Green Energy Technology Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of LONGi Green Energy Technology Co's Earnings Yield (Joel Greenblatt) %
For the Semiconductor Equipment & Materials subindustry, LONGi Green Energy Technology 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.
LONGi Green Energy Technology Co's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, LONGi Green Energy Technology Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where LONGi Green Energy Technology Co's Earnings Yield (Joel Greenblatt) % falls into.
LONGi Green Energy Technology 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.
LONGi Green Energy Technology 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 ¥5,758 Mil.
LONGi Green Energy Technology Co (SHSE:601012) 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.
LONGi Green Energy Technology Co Earnings Yield (Joel Greenblatt) % Related Terms
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LONGi Green Energy Technology Co (SHSE:601012) Business Description
Innovation Incubation Center Block B, Shangji Road 8989 Xi'an Service Outsourcing Industrial Park, Xi'an Economic and Technological Development Zone, Xian, CHN, 710018
LONGi Green Energy Technology is the largest integrated solar company in the world. It produced 85.9 gigawatts of solar silicon wafers and 48.2 GW of solar modules in 2022, both the most globally. Solar silicon wafer and solar module contributed 30% and 66% of revenue in 2022, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.
LONGi Green Energy Technology Co (SHSE:601012) Headlines
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