What is Hisense Home Appliances Group Co Earnings Yield (Joel Greenblatt) %?
Hisense Home Appliances Group Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥33,117 Mil.
Hisense Home Appliances Group Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥6,291 Mil. Hisense Home Appliances Group Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 19.01%.
The historical rank and industry rank for Hisense Home Appliances Group Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:000921'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.36 Med: 15.76 Max: 56.32
Current: 17.61
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hisense Home Appliances Group Co was 56.32%. The lowest was 3.36%. And the median was 15.76%.
SZSE:000921's Earnings Yield (Joel Greenblatt) % is ranked better than 86.57% of 432
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.595
vs SZSE:000921: 17.61
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) %. Hisense Home Appliances Group Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 30.58%. 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.
Hisense Home Appliances Group Co 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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Hisense Home Appliances Group Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Hisense Home Appliances Group Co's Earnings Yield (Joel Greenblatt) %
For the Furnishings, Fixtures & Appliances subindustry, Hisense Home Appliances Group Co'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.
Hisense Home Appliances Group Co's Earnings Yield (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hisense Home Appliances Group Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hisense Home Appliances Group Co's Earnings Yield (Joel Greenblatt) % falls into.
Hisense Home Appliances Group Co 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.
Hisense Home Appliances Group Co'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 ¥6,291 Mil.
Hisense Home Appliances Group Co (SZSE:000921) 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.
Hisense Home Appliances Group Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Hisense Home Appliances Group Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hisense Home Appliances Group Co (SZSE:000921) Business Description
Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.
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