What is Tsann Kuen (China) Enterprise Co Earnings Yield (Joel Greenblatt) %?
Tsann Kuen (China) Enterprise Co's Enterprise Value for the quarter that ended in Mar. 2024 was HK$470 Mil.
Tsann Kuen (China) Enterprise Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was HK$173 Mil. Tsann Kuen (China) Enterprise Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 36.76%.
The historical rank and industry rank for Tsann Kuen (China) Enterprise Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:200512'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.93 Med: 30.28 Max: 1428.57
Current: 1250
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tsann Kuen (China) Enterprise Co was 1428.57%. The lowest was 1.93%. And the median was 30.28%.
SZSE:200512's Earnings Yield (Joel Greenblatt) % is ranked better than 99.77% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.85
vs SZSE:200512: 1250.00
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) %. Tsann Kuen (China) Enterprise Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 24.24%. 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.
Tsann Kuen (China) Enterprise 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.
For the Furnishings, Fixtures & Appliances subindustry, Tsann Kuen (China) Enterprise 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.
Tsann Kuen (China) Enterprise Co's Earnings Yield (Joel Greenblatt) % Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Tsann Kuen (China) Enterprise Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tsann Kuen (China) Enterprise Co'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.
Tsann Kuen (China) Enterprise 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 HK$173 Mil.
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.
Tsann Kuen (China) Enterprise Co Earnings Yield (Joel Greenblatt) % Related Terms
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Tsann Kuen (China) Enterprise Co (SZSE:200512) Business Description
Tsann Kuen (China) Enterprise Co Ltd is a company that develops and manufactures household appliances, electronics, light industrial products and, modern office supplies. Its operating segments are Small home appliance manufacturing and Other services. The product categories include Cooking utensils, Everyday home appliances, Tea and coffee makers, and other products and services. Geographically the company operates in Australia, Africa, America, Europe, and Asia, of which prime revenue is derived from America. The majority of its revenue is generated through the Small home appliance manufacturing segment.
Tsann Kuen (China) Enterprise Co (SZSE:200512) Headlines
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