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Jinhua Chunguang Technology Co (SHSE:603657) Earnings Yield (Joel Greenblatt) % : 0.84% (As of Jun. 2024)


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What is Jinhua Chunguang Technology Co Earnings Yield (Joel Greenblatt) %?

Jinhua Chunguang Technology Co's Enterprise Value for the quarter that ended in Jun. 2024 was ¥1,479 Mil. Jinhua Chunguang Technology Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was ¥12 Mil. Jinhua Chunguang Technology Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 0.84%.

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

SHSE:603657' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.72   Med: 6.05   Max: 9.81
Current: 0.77

During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Jinhua Chunguang Technology Co was 9.81%. The lowest was 0.72%. And the median was 6.05%.

SHSE:603657's Earnings Yield (Joel Greenblatt) % is ranked worse than
64.31% of 2477 companies
in the Hardware industry
Industry Median: 2.87 vs SHSE:603657: 0.77

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) %. Jinhua Chunguang Technology Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was -25.44%. 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.


Jinhua Chunguang Technology Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Jinhua Chunguang Technology 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.

Jinhua Chunguang Technology Co Earnings Yield (Joel Greenblatt) % Chart

Jinhua Chunguang Technology 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 6.58 8.42 4.02 7.13 2.27

Jinhua Chunguang Technology Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 5.33 4.33 2.27 1.37 0.84

Competitive Comparison of Jinhua Chunguang Technology Co's Earnings Yield (Joel Greenblatt) %

For the Consumer Electronics subindustry, Jinhua Chunguang Technology 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.


Jinhua Chunguang Technology Co's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jinhua Chunguang Technology Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Jinhua Chunguang Technology Co's Earnings Yield (Joel Greenblatt) % falls into.



Jinhua Chunguang Technology 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.

Jinhua Chunguang Technology Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=45.232/1995.91306
=2.27 %

Jinhua Chunguang Technology Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥12 Mil.



Jinhua Chunguang Technology Co  (SHSE:603657) 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.


Jinhua Chunguang Technology Co Earnings Yield (Joel Greenblatt) % Related Terms

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Jinhua Chunguang Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 420, Anwen Road, Zhejiang Province, Jinhua, CHN, 321000
Jinhua Chunguang Technology Co Ltd is a research and development, and manufacturing company of hose assembly for cleaning appliances. The products of the company include central vacuum cleaner hose series, steel wire, extrusion hose, blow mould hose, wet vacuum hose, and vacuum cleaner accessories for home.
Executives
Lv Jing Directors, senior managers
Wu Jian Kai senior management
Fu Wei Cai senior management
Weng Yong Hua senior management
Wang Sheng Yong Directors, senior managers
Zhang Chun Xia Director
Chen Kai Director
Chen Zheng Ming Director

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