What is Japan Wool Textile Co Earnings Yield (Joel Greenblatt) %?
Japan Wool Textile Co's Enterprise Value for the quarter that ended in May. 2024 was 円71,800 Mil.
Japan Wool Textile Co's EBIT for the trailing twelve months (TTM) ended in May. 2024 was 円12,533 Mil. Japan Wool Textile Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2024 was 16.03%.
The historical rank and industry rank for Japan Wool Textile Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:3201'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.7 Med: 14.01 Max: 31.42
Current: 19.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Japan Wool Textile Co was 31.42%. The lowest was 7.70%. And the median was 14.01%.
TSE:3201's Earnings Yield (Joel Greenblatt) % is ranked better than 90.45% of 1079
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.53
vs TSE:3201: 19.25
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) %. Japan Wool Textile Co's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 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.
Japan Wool Textile Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Japan Wool Textile 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.
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Japan Wool Textile Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Japan Wool Textile Co's Earnings Yield (Joel Greenblatt) %
For the Textile Manufacturing subindustry, Japan Wool Textile 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.
Japan Wool Textile Co's Earnings Yield (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Japan Wool Textile Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Japan Wool Textile Co's Earnings Yield (Joel Greenblatt) % falls into.
Japan Wool Textile 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.
Japan Wool Textile Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Nov. 2023 is calculated as
Japan Wool Textile Co's EBIT for the trailing twelve months (TTM) ended in May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円12,533 Mil.
Japan Wool Textile Co (TSE:3201) 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.
Japan Wool Textile Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Japan Wool Textile Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Japan Wool Textile Co Ltd is a Japanese fabrics and clothing manufacturer. The company operates through four segments. The clothing textiles segment generates the most revenue through provision of yarns, treads, uniforms, fashion materials, and fire-resistant clothes. The human and future development segment, which is almost as large at the textiles division, provides nursing care facilities, shopping centres, sports centres and plazas. The industrial equipment segment develops, manufactures and sells industrial machinery as well as electronic devices and energy related systems, and wholesales of materials such as wool, synthetic fibres, strings carpets. The lifestyle distribution segment provides bedding products, ballroom dance dresses, sundries, harnesses, and equestrian products.
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