What is Royal Ceramics Lanka Earnings Yield (Joel Greenblatt) %?
Royal Ceramics Lanka's Enterprise Value for the quarter that ended in Jun. 2024 was රු77,842 Mil.
Royal Ceramics Lanka's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was රු14,206 Mil. Royal Ceramics Lanka's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 18.25%.
The historical rank and industry rank for Royal Ceramics Lanka's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
COL:RCL.N0000'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.38 Med: 19.03 Max: 42.85
Current: 23.42
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Royal Ceramics Lanka was 42.85%. The lowest was 10.38%. And the median was 19.03%.
COL:RCL.N0000's Earnings Yield (Joel Greenblatt) % is ranked better than 89.18% of 1728
companies
in the Construction industry
Industry Median: 6.305
vs COL:RCL.N0000: 23.42
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) %. Royal Ceramics Lanka's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 22.32%. 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.
Royal Ceramics Lanka Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Royal Ceramics Lanka'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.
Royal Ceramics Lanka Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Royal Ceramics Lanka's Earnings Yield (Joel Greenblatt) %
For the Building Products & Equipment subindustry, Royal Ceramics Lanka'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.
Royal Ceramics Lanka's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Royal Ceramics Lanka's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Royal Ceramics Lanka's Earnings Yield (Joel Greenblatt) % falls into.
Royal Ceramics Lanka 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.
Royal Ceramics Lankas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Royal Ceramics Lanka's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was රු14,206 Mil.
Royal Ceramics Lanka (COL:RCL.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.
Royal Ceramics Lanka Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Royal Ceramics Lanka's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Royal Ceramics Lanka PLC is engaged in the manufacture and marketing of porcelain and ceramic tiles, wall tiles, floor tiles along with sanitary ware and the holding of investments. The group is organized into business units based on its products and services and has six reportable segments, as follows: Tiles and Associated Items, Packaging, Sanitary Ware, Finance, Aluminum Products, and Others. It generates maximum revenue from the Tiles and Associated Items segment. Geographically, it derives a majority of its revenue from Sri Lanka.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
COL:RCL.N0000 has been successfully added to your 