What is Luxshare Precision Industry Co Earnings Yield (Joel Greenblatt) %?
Luxshare Precision Industry Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥234,726 Mil.
Luxshare Precision Industry Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥14,924 Mil. Luxshare Precision Industry Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 6.36%.
The historical rank and industry rank for Luxshare Precision Industry Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:002475'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.44 Med: 3.18 Max: 7.27
Current: 6.81
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Luxshare Precision Industry Co was 7.27%. The lowest was 1.44%. And the median was 3.18%.
SZSE:002475's Earnings Yield (Joel Greenblatt) % is ranked better than 70.49% of 2474
companies
in the Hardware industry
Industry Median: 3.185
vs SZSE:002475: 6.81
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) %. Luxshare Precision Industry Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 20.64%. 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.
Luxshare Precision Industry 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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Luxshare Precision Industry Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Luxshare Precision Industry Co's Earnings Yield (Joel Greenblatt) %
For the Electronic Components subindustry, Luxshare Precision Industry 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.
Luxshare Precision Industry Co's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Luxshare Precision Industry Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Luxshare Precision Industry Co's Earnings Yield (Joel Greenblatt) % falls into.
Luxshare Precision Industry 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.
Luxshare Precision Industry Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Luxshare Precision Industry 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 ¥14,924 Mil.
Luxshare Precision Industry Co (SZSE:002475) 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.
Luxshare Precision Industry Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Luxshare Precision Industry Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Luxshare Precision Industry Co (SZSE:002475) Business Description
Founded in 2004, Luxshare Precision is one of the world's largest manufacturers of cables and connectors and is a major supplier to Apple, which accounts for over 70% of sales. The company has since expanded production into other faster-growing consumer electronic components, such as speakers, haptic, cameras, PC docks, and wireless charging modules, as well as electronic manufacturing services for Apple's Watch and AirPods. Of Luxshare's 2022 sales, 84% is derived from the consumer electronics end market, while the remaining 16% is spread across the computer, communication and automobile verticals. Luxshare employs over 230,000 people and has manufacturing bases in China, India, and Vietnam.
Luxshare Precision Industry Co (SZSE:002475) Headlines
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