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Nanjing Hanrui Cobalt Co (SZSE:300618) Earnings Yield (Joel Greenblatt) % : 3.36% (As of Mar. 2024)


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What is Nanjing Hanrui Cobalt Co Earnings Yield (Joel Greenblatt) %?

Nanjing Hanrui Cobalt Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥7,445 Mil. Nanjing Hanrui Cobalt Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥250 Mil. Nanjing Hanrui Cobalt Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 3.36%.

The historical rank and industry rank for Nanjing Hanrui Cobalt Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

SZSE:300618' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.19   Med: 2.37   Max: 7.94
Current: 2.59

During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Nanjing Hanrui Cobalt Co was 7.94%. The lowest was -0.19%. And the median was 2.37%.

SZSE:300618's Earnings Yield (Joel Greenblatt) % is ranked better than
84.07% of 2680 companies
in the Metals & Mining industry
Industry Median: -11.525 vs SZSE:300618: 2.59

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) %. Nanjing Hanrui Cobalt 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.


Nanjing Hanrui Cobalt Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Nanjing Hanrui Cobalt Co'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.

* Premium members only.

Nanjing Hanrui Cobalt Co Earnings Yield (Joel Greenblatt) % Chart

Nanjing Hanrui Cobalt Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 1.65 3.56 3.25 2.47

Nanjing Hanrui Cobalt Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.12 -0.18 1.72 2.47 3.36

Competitive Comparison of Nanjing Hanrui Cobalt Co's Earnings Yield (Joel Greenblatt) %

For the Copper subindustry, Nanjing Hanrui Cobalt 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.


Nanjing Hanrui Cobalt Co's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nanjing Hanrui Cobalt Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Nanjing Hanrui Cobalt Co's Earnings Yield (Joel Greenblatt) % falls into.



Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=205.063/8317.17386
=2.47 %

Nanjing Hanrui Cobalt 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 ¥250 Mil.



Nanjing Hanrui Cobalt Co  (SZSE:300618) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Nanjing Hanrui Cobalt Co Earnings Yield (Joel Greenblatt) % Related Terms

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Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description

Traded in Other Exchanges
N/A
Address
No. 115, Jinghuai Street, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211100
Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.

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