What is Topsports International Holdings Earnings Yield (Joel Greenblatt) %?
Topsports International Holdings's Enterprise Value for the quarter that ended in Aug. 2023 was HK$41,539 Mil.
Topsports International Holdings's EBIT for the trailing twelve months (TTM) ended in Aug. 2023 was HK$2,971 Mil. Topsports International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2023 was 0.00%.
The historical rank and industry rank for Topsports International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:06110'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.45 Med: 6.89 Max: 16.09
Current: 8.6
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Topsports International Holdings was 16.09%. The lowest was 4.45%. And the median was 6.89%.
HKSE:06110's Earnings Yield (Joel Greenblatt) % is ranked better than 70.89% of 1120
companies
in the Retail - Cyclical industry
Industry Median: 4.855
vs HKSE:06110: 8.60
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) %. Topsports International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Aug. 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.
Topsports International Holdings 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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Topsports International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Topsports International Holdings's Earnings Yield (Joel Greenblatt) %
For the Apparel Retail subindustry, Topsports International Holdings'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.
Topsports International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Topsports International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Topsports International Holdings 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.
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Topsports International Holdings (HKSE:06110) 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.
Topsports International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Topsports International Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Topsports International Holdings (HKSE:06110) Business Description
Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.
Topsports International Holdings (HKSE:06110) Headlines
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