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Guangzhou Risong Intelligent Technology Holding Co (SHSE:688090) Earnings Yield (Joel Greenblatt) % : 1.02% (As of Sep. 2024)


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What is Guangzhou Risong Intelligent Technology Holding Co Earnings Yield (Joel Greenblatt) %?

Guangzhou Risong Intelligent Technology Holding Co's Enterprise Value for the quarter that ended in Sep. 2024 was ¥4,723 Mil. Guangzhou Risong Intelligent Technology Holding Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was ¥48 Mil. Guangzhou Risong Intelligent Technology Holding Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 1.02%.

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

SHSE:688090' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7   Med: 1.84   Max: 5.43
Current: 0.89

During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Guangzhou Risong Intelligent Technology Holding Co was 5.43%. The lowest was -7.00%. And the median was 1.84%.

SHSE:688090's Earnings Yield (Joel Greenblatt) % is ranked worse than
73.01% of 3038 companies
in the Industrial Products industry
Industry Median: 4.09 vs SHSE:688090: 0.89

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) %. Guangzhou Risong Intelligent Technology Holding Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.


Guangzhou Risong Intelligent Technology Holding Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Guangzhou Risong Intelligent Technology Holding 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.

Guangzhou Risong Intelligent Technology Holding Co Earnings Yield (Joel Greenblatt) % Chart

Guangzhou Risong Intelligent Technology Holding Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial - 2.43 1.59 -6.20 3.19

Guangzhou Risong Intelligent Technology Holding Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -4.13 3.19 3.10 2.18 1.02

Competitive Comparison of Guangzhou Risong Intelligent Technology Holding Co's Earnings Yield (Joel Greenblatt) %

For the Specialty Industrial Machinery subindustry, Guangzhou Risong Intelligent Technology Holding 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.


Guangzhou Risong Intelligent Technology Holding Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangzhou Risong Intelligent Technology Holding Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Guangzhou Risong Intelligent Technology Holding Co's Earnings Yield (Joel Greenblatt) % falls into.



Guangzhou Risong Intelligent Technology Holding 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.

Guangzhou Risong Intelligent Technology Holding Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=60.627/1901.89856136
=3.19 %

Guangzhou Risong Intelligent Technology Holding Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥48 Mil.



Guangzhou Risong Intelligent Technology Holding Co  (SHSE:688090) 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.


Guangzhou Risong Intelligent Technology Holding Co Earnings Yield (Joel Greenblatt) % Related Terms

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Guangzhou Risong Intelligent Technology Holding Co Business Description

Traded in Other Exchanges
N/A
Address
No.188 Ruixiang Road, Huangpu District, Guangdong Province, Guangzhou, CHN, 510535
Guangzhou Risong Intelligent Technology Holding Co Ltd is engaged in research and development, manufacturing, application, sales and service in the field of robotics and intelligent manufacturing. The company manufactures industrial robots; industrial automatic control system devices; special equipment for the electronics industry; special equipment for environmental protection; special equipment for electrical machinery; metal structures; metal cutting and welding equipment.
Executives
Tang Guo Bao Core technical personnel
He Yan Bing Core technical personnel
Chen Ya Yi senior management
Liu Yi Core technical personnel
Luo Yuan Supervisors
Zheng De Lun senior management
Yan Xue Tao Director
Liu Er Bin Directors, senior managers

Guangzhou Risong Intelligent Technology Holding Co Headlines

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