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Jet Knitwears (NSE:JETKNIT) FCF Yield % : 7.44 (As of May. 29, 2024)


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What is Jet Knitwears FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Jet Knitwears's Trailing 12-Month Free Cash Flow is ₹35.9 Mil, and Market Cap is ₹481.9 Mil. Therefore, Jet Knitwears's FCF Yield % for today is 7.44%.

The historical rank and industry rank for Jet Knitwears's FCF Yield % or its related term are showing as below:

NSE:JETKNIT' s FCF Yield % Range Over the Past 10 Years
Min: -29.31   Med: -0.03   Max: 41.32
Current: 7.44


During the past 12 years, the highest FCF Yield % of Jet Knitwears was 41.32%. The lowest was -29.31%. And the median was -0.03%.

NSE:JETKNIT's FCF Yield % is ranked better than
65% of 1077 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.66 vs NSE:JETKNIT: 7.44

Jet Knitwears's FCF Margin % for the quarter that ended in Mar. 2023 was 18.88%.


Jet Knitwears FCF Yield % Historical Data

The historical data trend for Jet Knitwears's FCF Yield % 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.

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Jet Knitwears FCF Yield % Chart

Jet Knitwears Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
FCF Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.81 31.52 -29.21 -0.03 12.65

Jet Knitwears Semi-Annual Data
Mar12 Mar13 Mar14 Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
FCF Yield % 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 -38.87 -5.96 3.01 1.33 23.38

Competitive Comparison of Jet Knitwears's FCF Yield %

For the Apparel Manufacturing subindustry, Jet Knitwears's FCF Yield %, along with its competitors' market caps and FCF Yield % 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.


Jet Knitwears's FCF Yield % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jet Knitwears's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Jet Knitwears's FCF Yield % falls into.



Jet Knitwears FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Jet Knitwears's FCF Yield % for the fiscal year that ended in Mar. 2023 is calculated as

FCF Yield %=Free Cash Flow / Market Cap
=35.855 / 283.38296
=12.65%

Jet Knitwears's annualized FCF Yield % for the quarter that ended in Mar. 2023 is calculated as

FCF Yield %=Free Cash Flow * Annualized Factor / Market Cap
=33.132 * 2 / 283.38296
=23.38%

* 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.


Jet Knitwears FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


Jet Knitwears FCF Yield % Related Terms

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Jet Knitwears (NSE:JETKNIT) Business Description

Traded in Other Exchanges
N/A
Address
119/410 B-1, Darshan Purwa, Kanpur, UP, IND, 208012
Jet Knitwears Ltd is engaged in manufacturing of textile Items, other knitted and crocheted apparel including hosiery. It offers intimate garments for men, women, and children. The company's products include such as vests, briefs, brassiere, panties, socks, t-shirts and casual wears.

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