What is Dhoot Industrial Finance Earnings Yield (Joel Greenblatt) %?
Dhoot Industrial Finance's Enterprise Value for the quarter that ended in Mar. 2024 was ₹556.9 Mil.
Dhoot Industrial Finance's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹1,803.1 Mil. Dhoot Industrial Finance's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 322.58%.
The historical rank and industry rank for Dhoot Industrial Finance's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:526971'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -82.41 Med: 29.43 Max: 248.73
Current: 163.93
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Dhoot Industrial Finance was 248.73%. The lowest was -82.41%. And the median was 29.43%.
BOM:526971's Earnings Yield (Joel Greenblatt) % is ranked better than 99.43% of 1573
companies
in the Chemicals industry
Industry Median: 4.02
vs BOM:526971: 163.93
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) %. Dhoot Industrial Finance's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Dhoot Industrial Finance Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Dhoot Industrial Finance'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.
For the Chemicals subindustry, Dhoot Industrial Finance'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.
Dhoot Industrial Finance's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dhoot Industrial Finance's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dhoot Industrial Finance's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Dhoot Industrial Finances Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Dhoot Industrial Finance'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 ₹1,803.1 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.
Dhoot Industrial Finance Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Dhoot Industrial Finance's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dhoot Industrial Finance (BOM:526971) Business Description
Dhoot Industrial Finance Ltd is engaged in the trading activities of goods and share stocks and power generation. Its operating segment includes Trading, Power Generation, and Others. Trading segments include all trading activities of Chemicals, Electronics, and Paper. The company generates maximum revenue from the Trading segment. Some of its products include Copper Tubes, Zinc Rods, Copper Rods, Carbon Di Sulphide, Compressed Hydrogen Gas, Chloro Sulphonic Acid, Caustic Soda Lye, and others. Geographically the activities of the company are carried out through India.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:526971 has been successfully added to your 