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Inoue Rubber (Thailand) PCL (BKK:IRC) Earnings Yield (Joel Greenblatt) % : 55.56% (As of Sep. 2024)


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What is Inoue Rubber (Thailand) PCL Earnings Yield (Joel Greenblatt) %?

Inoue Rubber (Thailand) PCL's Enterprise Value for the quarter that ended in Sep. 2024 was ฿654 Mil. Inoue Rubber (Thailand) PCL's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was ฿362 Mil. Inoue Rubber (Thailand) PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 55.56%.

The historical rank and industry rank for Inoue Rubber (Thailand) PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BKK:IRC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.03   Med: 14.95   Max: 112.07
Current: 55.38

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Inoue Rubber (Thailand) PCL was 112.07%. The lowest was 7.03%. And the median was 14.95%.

BKK:IRC's Earnings Yield (Joel Greenblatt) % is ranked better than
96.67% of 1321 companies
in the Vehicles & Parts industry
Industry Median: 5.37 vs BKK:IRC: 55.38

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) %. Inoue Rubber (Thailand) PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 8.76%. 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.


Inoue Rubber (Thailand) PCL Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Inoue Rubber (Thailand) PCL'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.

Inoue Rubber (Thailand) PCL Earnings Yield (Joel Greenblatt) % Chart

Inoue Rubber (Thailand) PCL Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.04 20.75 8.69 19.69 55.56

Inoue Rubber (Thailand) PCL 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 19.69 21.51 36.36 76.92 55.56

Competitive Comparison of Inoue Rubber (Thailand) PCL's Earnings Yield (Joel Greenblatt) %

For the Auto Parts subindustry, Inoue Rubber (Thailand) PCL'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.


Inoue Rubber (Thailand) PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Inoue Rubber (Thailand) PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Inoue Rubber (Thailand) PCL's Earnings Yield (Joel Greenblatt) % falls into.



Inoue Rubber (Thailand) PCL 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.

Inoue Rubber (Thailand) PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=362.35/654.024
=55.40 %

Inoue Rubber (Thailand) PCL'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 ฿362 Mil.



Inoue Rubber (Thailand) PCL  (BKK:IRC) 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.


Inoue Rubber (Thailand) PCL Earnings Yield (Joel Greenblatt) % Related Terms

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Inoue Rubber (Thailand) PCL Business Description

Traded in Other Exchanges
Address
No. 258, Soi Rangsit-Nakornnayok 49, Prachathipat Sub-district, Thanyaburi District, Pathumthani, THA, 12130
Inoue Rubber (Thailand) PCL is principally engaged in the manufacture and distribution of Automotive Elastomer Products, motorcycle tires, tubes, and industrial elastomer rubber parts. Geographically, it derives a majority of its revenue from Thailand. The company's reportable segments includes geographical areas that are Local and Export, out of which key revenue is generated from Local Segment. Its products involve Automotive Elastomer Products, Motorcycle Tires and Tubes and Industrial Elastomer Parts.

Inoue Rubber (Thailand) PCL Headlines

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