The historical rank and industry rank for Rasandik Engineering Industries India's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:522207'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -68.75 Med: 12.02 Max: 257.02
Current: -0.74
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Rasandik Engineering Industries India was 257.02%. The lowest was -68.75%. And the median was 12.02%.
BOM:522207's Earnings Yield (Joel Greenblatt) % is ranked worse than 82.49% of 1308
companies
in the Vehicles & Parts industry
Industry Median: 6.025
vs BOM:522207: -0.74
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) %. Rasandik Engineering Industries India's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Rasandik Engineering Industries India Earnings Yield (Joel Greenblatt) % Historical Data
* 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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Rasandik Engineering Industries India Earnings Yield (Joel Greenblatt) % Chart
For the Auto Parts subindustry, Rasandik Engineering Industries India'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.
Rasandik Engineering Industries India's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Rasandik Engineering Industries India's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rasandik Engineering Industries India's Earnings Yield (Joel Greenblatt) % falls into.
Rasandik Engineering Industries India 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.
Rasandik Engineering Industries India's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-8.0 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.
Rasandik Engineering Industries India Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Rasandik Engineering Industries India's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rasandik Engineering Industries India (BOM:522207) Business Description
Rasandik Engineering Industries India Ltd is engaged in the manufacturing of sheet metal components, TWB and tool and dies for automobiles. The company's products include Tailored welding blanks, Engineering solutions, Tools and dies, Body-in-white (BIW) parts, Suspension parts, Fuel tanks, Exhaust line and CNC bending, Scissor Jack, and White goods. The company earns a majority of its revenue from the domestic sales of sheet metal. The company has only one business segment which is the manufacturing of components.
Rasandik Engineering Industries India (BOM:522207) Headlines
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