What is Yihai Kerry Arawana Holdings Co Earnings Yield (Joel Greenblatt) %?
Yihai Kerry Arawana Holdings Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥195,415 Mil.
Yihai Kerry Arawana Holdings Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥5,911 Mil. Yihai Kerry Arawana Holdings Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 3.02%.
The historical rank and industry rank for Yihai Kerry Arawana Holdings Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:300999'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.42 Med: 2.4 Max: 4.83
Current: 2.87
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Yihai Kerry Arawana Holdings Co was 4.83%. The lowest was 1.42%. And the median was 2.40%.
SZSE:300999's Earnings Yield (Joel Greenblatt) % is ranked worse than 62.64% of 1946
companies
in the Consumer Packaged Goods industry
Industry Median: 4.92
vs SZSE:300999: 2.87
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) %. Yihai Kerry Arawana Holdings 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.
Yihai Kerry Arawana Holdings 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 Packaged Foods subindustry, Yihai Kerry Arawana Holdings 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.
Yihai Kerry Arawana Holdings Co's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Yihai Kerry Arawana Holdings Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Yihai Kerry Arawana Holdings 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.
Yihai Kerry Arawana Holdings Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Yihai Kerry Arawana Holdings 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 ¥5,911 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.
Yihai Kerry Arawana Holdings Co Earnings Yield (Joel Greenblatt) % Related Terms
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Yihai Kerry Arawana Holdings Co (SZSE:300999) Business Description
Yihai Kerry Arawana Holdings Co Ltd is engaged in research and development, production and sales of kitchen food, feed ingredients and oil technology products. The company is involved in oilseed pressing, edible oil refining, special oils, oil technology, corn deep processing, wheat deep processing, soybean deep processing, rice circular economy, food raw materials, grain and oil technology research and development and other industries. Its products cover small-packaged edible oil, rice, flour, dried noodles, rice noodles, soy milk, special grains and oils for catering, food raw materials, oil technology and many other fields. Its brands are Golden Dragon Fish, Ou Li Wei Lan, Orchid Flower, Fragrant Garden, Haihuang, Feng Yuan, Golden Flavor, Ruilong and Jie Jin 100.
Yihai Kerry Arawana Holdings Co (SZSE:300999) Headlines
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