What is Vasa Denticity Earnings Yield (Joel Greenblatt) %?
Vasa Denticity's Enterprise Value for the quarter that ended in Sep. 2023 was ₹6,529.0 Mil.
Vasa Denticity's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₹76.8 Mil. Vasa Denticity's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Vasa Denticity's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:DENTALKART'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.5 Med: 0.71 Max: 1.62
Current: 0.94
During the past 3 years, the highest Earnings Yield (Joel Greenblatt) of Vasa Denticity was 1.62%. The lowest was 0.50%. And the median was 0.71%.
NSE:DENTALKART's Earnings Yield (Joel Greenblatt) % is ranked worse than 78% of 100
companies
in the Medical Distribution industry
Industry Median: 5.99
vs NSE:DENTALKART: 0.94
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) %. Vasa Denticity's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 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.
Vasa Denticity Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Vasa Denticity'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.
Competitive Comparison of Vasa Denticity's Earnings Yield (Joel Greenblatt) %
For the Medical Distribution subindustry, Vasa Denticity'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.
Vasa Denticity's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Vasa Denticity's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vasa Denticity'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.
Vasa Denticitys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2022 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.
Vasa Denticity Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Vasa Denticity's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vasa Denticity (NSE:DENTALKART) Business Description
Vasa Denticity Ltd is engaged in the business of marketing and distributing a comprehensive portfolio of dental products including consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile through our online portal Dentalkart.com. It operates an online channel housing approximately 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. sell a broad range of dental products including dental consumables such as adhesives, filling materials, and impression materials; dental equipment such as chairs, x-ray machines, and autoclaves; and dental instruments such as forceps, probes, and mirrors.
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