What is Jerasia Capital Bhd Earnings Yield (Joel Greenblatt) %?
Jerasia Capital Bhd's Enterprise Value for the quarter that ended in Feb. 2023 was RM221.32 Mil.
Jerasia Capital Bhd's EBIT for the trailing twelve months (TTM) ended in Feb. 2023 was RM-103.57 Mil. Jerasia Capital Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2023 was -46.73%.
The historical rank and industry rank for Jerasia Capital Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:8931's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 4.97 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Jerasia Capital Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 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.
Jerasia Capital Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Jerasia Capital Bhd'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.
Jerasia Capital Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Jerasia Capital Bhd's Earnings Yield (Joel Greenblatt) %
For the Apparel Manufacturing subindustry, Jerasia Capital Bhd'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.
Jerasia Capital Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jerasia Capital Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jerasia Capital Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Jerasia Capital Bhd 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.
Jerasia Capital Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2020 is calculated as
Jerasia Capital Bhd's EBIT for the trailing twelve months (TTM) ended in Feb. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-103.57 Mil.
Jerasia Capital Bhd (XKLS:8931) 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.
Jerasia Capital Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Jerasia Capital Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jerasia Capital Bhd (XKLS:8931) Business Description
Jerasia Capital Bhd through its subsidiaries is engaged in the manufacturing and exporting of fashion apparel and accessories. The business activity of the group is operated through Garment Manufacturing, Retail and Others segments. The Garment manufacturing segments include the manufacture and export of fashion apparel and accessories. The Retail segment involves retailing of fashion apparel and accessories and the Other segment consists of investments and dormant companies. Geographically all the operation are functioned through the region of Malaysia, however, it also has the presence across the region of USA, Europe, Singapore, and Japan. Jerasia Capital derives the majority of revenue from export of apparel and accessories.
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