E-Commerce China Dangdang (E-Commerce China Dangdang) Earnings Yield (Joel Greenblatt) % : 2.93% (As of Dec. 2015)

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What is E-Commerce China Dangdang Earnings Yield (Joel Greenblatt) %?

E-Commerce China Dangdang's Enterprise Value for the quarter that ended in Dec. 2015 was $383 Mil. E-Commerce China Dangdang's EBIT for the trailing twelve months (TTM) ended in Dec. 2015 was $11 Mil. E-Commerce China Dangdang's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2015 was 2.93%.

The historical rank and industry rank for E-Commerce China Dangdang's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

DANG's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 4.73
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. E-Commerce China Dangdang's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2015 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.

E-Commerce China Dangdang Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for E-Commerce China Dangdang'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.

E-Commerce China Dangdang Earnings Yield (Joel Greenblatt) % Chart

E-Commerce China Dangdang Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Earnings Yield (Joel Greenblatt) %

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-19.31

-23.98

-3.04

2.19

2.93

E-Commerce China Dangdang Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															2.19	0.20	-1.61	-3.07	2.93

Competitive Comparison of E-Commerce China Dangdang's Earnings Yield (Joel Greenblatt) %

For the Specialty Retail subindustry, E-Commerce China Dangdang'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.

E-Commerce China Dangdang's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, E-Commerce China Dangdang's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where E-Commerce China Dangdang's Earnings Yield (Joel Greenblatt) % falls into.

E-Commerce China Dangdang 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.

E-Commerce China Dangdangs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	11.87	/	382.938811
	=	3.10 %

E-Commerce China Dangdang's EBIT for the trailing twelve months (TTM) ended in Dec. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $11 Mil.

E-Commerce China Dangdang (NYSE:DANG) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

E-Commerce China Dangdang Earnings Yield (Joel Greenblatt) % Related Terms

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E-Commerce China Dangdang (E-Commerce China Dangdang) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » E-Commerce China Dangdang Inc (NYSE:DANG) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.dangdang.com

E-Commerce China Dangdang Inc is a limited company incorporated on January 7, 2000 and domiciled in the Cayman Islands. The Company is principally engaged in the sales of books, audio-visual products, periodicals, consumer electronics and other general merchandise on the internet. The Company's principal operations and geographic markets are in the People's Republic of China. It is a business-to-consumer, or B2C, e-commerce company in China. As of December 31, 2013, it offered approximately 990,000 book titles on its internet platform, including more than 920,000 Chinese language titles. It offers other media products and selected general merchandise categories on its internet platform, including fashion and apparel beauty and personal care products, home and lifestyle products, and baby, children and maternity products. It also offers the dangdang.com marketplace program, which allows third-party merchants to sell their general merchandise products alongside its products. The Company's competitors include: other B2C e-commerce companies; physical retailers, catalog retailers, publishers, distributors and manufacturers of its products, many of which possess brand recognition, sales volume and customer bases, and some of which currently sell, or in the future may sell, products or services through the internet; a number of indirect competitors, including internet portals and internet search engines that are involved in e-commerce, either directly or in collaboration with other retailers; and providers of electronic books and digital content. As of February 28, 2014, it registered 82 domain names, including dangdang.com, dangdang.com.cn and dangdang.cn, and 74 trademarks and service marks and had 107 trademark applications, 3 patents and 1 patent application pending in China.