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Hangzhou Gisway Information Technology Co (SZSE:301390) Earnings Yield (Joel Greenblatt) % : 3.70% (As of Mar. 2024)


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What is Hangzhou Gisway Information Technology Co Earnings Yield (Joel Greenblatt) %?

Hangzhou Gisway Information Technology Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥1,820.5 Mil. Hangzhou Gisway Information Technology Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥67.3 Mil. Hangzhou Gisway Information Technology Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 3.70%.

The historical rank and industry rank for Hangzhou Gisway Information Technology Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

SZSE:301390' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.98   Med: 4.47   Max: 5.72
Current: 4.7

During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of Hangzhou Gisway Information Technology Co was 5.72%. The lowest was 2.98%. And the median was 4.47%.

SZSE:301390's Earnings Yield (Joel Greenblatt) % is ranked better than
67.93% of 2853 companies
in the Software industry
Industry Median: 1.31 vs SZSE:301390: 4.70

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) %. Hangzhou Gisway Information Technology Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.


Hangzhou Gisway Information Technology Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Hangzhou Gisway Information Technology Co'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.

Hangzhou Gisway Information Technology Co Earnings Yield (Joel Greenblatt) % Chart

Hangzhou Gisway Information Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial - - - - 3.24

Hangzhou Gisway Information Technology Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 4.21 4.28 3.24 3.70

Competitive Comparison of Hangzhou Gisway Information Technology Co's Earnings Yield (Joel Greenblatt) %

For the Information Technology Services subindustry, Hangzhou Gisway Information Technology 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.


Hangzhou Gisway Information Technology Co's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry

For the Software industry and Technology sector, Hangzhou Gisway Information Technology Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Hangzhou Gisway Information Technology Co's Earnings Yield (Joel Greenblatt) % falls into.



Hangzhou Gisway Information Technology 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.

Hangzhou Gisway Information Technology Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=65.135/2007.152
=3.25 %

Hangzhou Gisway Information Technology 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 ¥67.3 Mil.



Hangzhou Gisway Information Technology Co  (SZSE:301390) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Hangzhou Gisway Information Technology Co Earnings Yield (Joel Greenblatt) % Related Terms

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Hangzhou Gisway Information Technology Co (SZSE:301390) Business Description

Traded in Other Exchanges
N/A
Address
No. 1899, Gudun Road, Room 626-628, 6th Floor, Building A1, Liangzhu, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100
Hangzhou Gisway Information Technology Co Ltd mainly provides integrated power technology services such as power engineering consulting design, construction, operation and maintenance, energy saving, and electricity sales for customers such as power grids and affiliated enterprises, government agencies, and industrial and commercial enterprises. The company's business segment includes 3DGIS Smart Service, Power Integration Service, and Integrated Energy Services.

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