What is Lanka IOC Earnings Yield (Joel Greenblatt) %?
Lanka IOC's Enterprise Value for the quarter that ended in Mar. 2024 was රු21,319 Mil.
Lanka IOC's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was රු17,664 Mil. Lanka IOC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 82.64%.
The historical rank and industry rank for Lanka IOC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
COL:LIOC.N0000'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.42 Med: 13.56 Max: 213.65
Current: 61.83
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Lanka IOC was 213.65%. The lowest was -14.42%. And the median was 13.56%.
COL:LIOC.N0000's Earnings Yield (Joel Greenblatt) % is ranked better than 97.54% of 1096
companies
in the Oil & Gas industry
Industry Median: 6.25
vs COL:LIOC.N0000: 61.83
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) %. Lanka IOC's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 34.19%. 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.
Lanka IOC Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Lanka IOC'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.
Lanka IOC Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Lanka IOC's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Refining & Marketing subindustry, Lanka IOC'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.
Lanka IOC's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Lanka IOC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lanka IOC's Earnings Yield (Joel Greenblatt) % falls into.
Lanka IOC 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.
Lanka IOCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Lanka IOC'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 රු17,664 Mil.
Lanka IOC (COL:LIOC.N0000) 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.
Lanka IOC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Lanka IOC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lanka IOC PLC is engaged in importing, blending, distributing, and selling of petroleum products. Its product offering is divided into five divisions namely Autofuel, Lubricants, Bitumen, Bunkering, and Petrochemicals. The Company is dealing only in the Petroleum products. Some of its products are Diesel, Petrol, IFO 180 cst, Marine Gas Oil, Bitumen 60/70, Bitumen 80/100 and others. The company gets revenue from Lanka Petrol 92 Octane, Lanka Auto Diesel, Xtramile, Lanka Super Diesel, Xtrapremium Euro 3, Xtrapremium 95, Lubricants, Bunkering, Bitumen and Petrochemical.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
COL:LIOC.N0000 has been successfully added to your 