What is Winall Hi-tech Seed Co Earnings Yield (Joel Greenblatt) %?
Winall Hi-tech Seed Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥8,881 Mil.
Winall Hi-tech Seed Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥387 Mil. Winall Hi-tech Seed Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 4.36%.
The historical rank and industry rank for Winall Hi-tech Seed Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:300087'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.63 Med: 1.82 Max: 5.91
Current: 4.9
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Winall Hi-tech Seed Co was 5.91%. The lowest was 0.63%. And the median was 1.82%.
SZSE:300087's Earnings Yield (Joel Greenblatt) % is ranked better than 50.79% of 1951
companies
in the Consumer Packaged Goods industry
Industry Median: 4.86
vs SZSE:300087: 4.90
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) %. Winall Hi-tech Seed Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 21.61%. 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.
Winall Hi-tech Seed Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Winall Hi-tech Seed 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.
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Winall Hi-tech Seed Co Earnings Yield (Joel Greenblatt) % Chart
For the Farm Products subindustry, Winall Hi-tech Seed 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.
Winall Hi-tech Seed Co's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Winall Hi-tech Seed Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Winall Hi-tech Seed Co's Earnings Yield (Joel Greenblatt) % falls into.
Winall Hi-tech Seed 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.
Winall Hi-tech Seed Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Winall Hi-tech Seed 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 ¥387 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.
Winall Hi-tech Seed Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Winall Hi-tech Seed Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Winall Hi-tech Seed Co (SZSE:300087) Business Description
Winall Hi-tech Seed Co Ltd is a seed company. It is engaged in the breeding of various crop seeds in China. The company produces hybrid rice varieties from double cropping; and three-line two-line hybrid rice varieties, as well as corn, wheat, cottonseed oil, vegetables, west melon, pumpkin, and other crop seeds.
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