The historical rank and industry rank for Zhejiang RIFA Precision Machinery Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:002520'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -38.48 Med: 1.33 Max: 6.29
Current: -13.23
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Zhejiang RIFA Precision Machinery Co was 6.29%. The lowest was -38.48%. And the median was 1.33%.
SZSE:002520's Earnings Yield (Joel Greenblatt) % is ranked worse than 92.45% of 3046
companies
in the Industrial Products industry
Industry Median: 4.21
vs SZSE:002520: -13.23
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) %. Zhejiang RIFA Precision Machinery 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.
Zhejiang RIFA Precision Machinery 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.
For the Business Equipment & Supplies subindustry, Zhejiang RIFA Precision Machinery 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.
Zhejiang RIFA Precision Machinery Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang RIFA Precision Machinery Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhejiang RIFA Precision Machinery Co'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.
Zhejiang RIFA Precision Machinery 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 ¥-692 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.
Zhejiang RIFA Precision Machinery Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Zhejiang RIFA Precision Machinery Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhejiang RIFA Precision Machinery Co (SZSE:002520) Business Description
Zhejiang RIFA Precision Machinery Co Ltd is a China-based company engaged in the manufacturing and distribution of computer numerical control (CNC) machine tools. It provides CNC lathes, CNC grinding machines, vertical machining centers, horizontal machining centers, as well as gantry machining centers, among others. It offers its products under the brand name RIFA. The company distributes its products within domestic market and to overseas markets.
Zhejiang RIFA Precision Machinery Co (SZSE:002520) Headlines
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