What is Carote Earnings Yield (Joel Greenblatt) %?
Carote's Enterprise Value for the quarter that ended in Dec. 2024 was HK$1,543 Mil.
Carote's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was HK$446 Mil. Carote's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 28.90%.
The historical rank and industry rank for Carote's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:02549'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.19 Med: 32.13 Max: 92.72
Current: 24.33
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Carote was 92.72%. The lowest was 7.19%. And the median was 32.13%.
HKSE:02549's Earnings Yield (Joel Greenblatt) % is ranked better than 91.24% of 445
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 4.96
vs HKSE:02549: 24.33
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) %. Carote's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Carote Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Carote'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.
Carote Earnings Yield (Joel Greenblatt) % Chart
Carote Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Earnings Yield (Joel Greenblatt) %
-
-
-
28.90
Carote Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Earnings Yield (Joel Greenblatt) %
-
-
-
28.90
Competitive Comparison of Carote's Earnings Yield (Joel Greenblatt) %
For the Furnishings, Fixtures & Appliances subindustry, Carote'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.
Carote's Earnings Yield (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Carote's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Carote'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.
Carotes Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 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.
Carote Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Carote's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Carote Ltd is a brand for kitchenware products. Its products are built to emphasize Better for Use and Better for Value, aiming to provide its customers with practical, well-designed, and reasonably priced items that promote a modern cooking lifestyle. The company offers a wide range of kitchenware products to consumers. From essential pots and pans to well-designed tableware and beverage containers, its offering aims to meet the varied needs of different kitchen scenarios and enhance the culinary experience of its customers. Geographically, the company operates in Mainland China, the United States, Western Europe, Japan, Southeast Asia, and other countries. The majority of its revenue is generated from the United States region.
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