What is China Taifeng Beddings Holdings Earnings Yield (Joel Greenblatt) %?
China Taifeng Beddings Holdings's Enterprise Value for the quarter that ended in Jun. 2014 was $0.0 Mil.
China Taifeng Beddings Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2014 was $24.7 Mil. China Taifeng Beddings Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2014 was 0.00%.
The historical rank and industry rank for China Taifeng Beddings Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CBEDF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.7 Med: 81 Max: 3318.4
Current: 454.5
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of China Taifeng Beddings Holdings was 3318.40%. The lowest was 18.70%. And the median was 81.00%.
CBEDF's Earnings Yield (Joel Greenblatt) % is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 4.91
vs CBEDF: 454.50
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) %. China Taifeng Beddings Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2014 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.
China Taifeng Beddings Holdings 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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China Taifeng Beddings Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Taifeng Beddings Holdings's Earnings Yield (Joel Greenblatt) %
For the Textile Manufacturing subindustry, China Taifeng Beddings Holdings'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.
China Taifeng Beddings Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Taifeng Beddings Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Taifeng Beddings Holdings's Earnings Yield (Joel Greenblatt) % falls into.
China Taifeng Beddings Holdings 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.
China Taifeng Beddings Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
China Taifeng Beddings Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Taifeng Beddings Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Taifeng Beddings Holdings Business Description
China Taifeng Beddings Holdings Ltd along with its subsidiaries is engaged in the manufacturing and distribution of cotton yarns and bedding products in China. The Manufacture and Distribution of Cotton Yarns segment are engaged in the manufacture of cotton yarns tailored to the requirements of customers, as well as the distribution of the cotton yarns to textile manufacturers in domestic and overseas markets. The Manufacture and Distribution of Bedding Products segment are engaged in the manufacture and distribution of bed covers, flat sheets, pillowcases, bed sheets, quilt covers and other bedding products. Its products are sold under TAIFENG brand in China market or sold to overseas original equipment manufacturer customers under their international brands.
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