What is Want Want China Holdings Earnings Yield (Joel Greenblatt) %?
Want Want China Holdings's Enterprise Value for the quarter that ended in Sep. 2023 was $8,499 Mil.
Want Want China Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $748 Mil. Want Want China Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Want Want China Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WWNTY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.79 Med: 8.63 Max: 13.88
Current: 10.78
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Want Want China Holdings was 13.88%. The lowest was 3.79%. And the median was 8.63%.
WWNTY's Earnings Yield (Joel Greenblatt) % is ranked better than 77.97% of 1947
companies
in the Consumer Packaged Goods industry
Industry Median: 4.99
vs WWNTY: 10.78
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) %. Want Want China Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Want Want China Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Want Want China Holdings'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.
Want Want China Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Want Want China Holdings's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Want Want China 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.
Want Want China Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Want Want China Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Want Want China Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Want Want China 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.
Want Want China Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
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.
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.
Want Want China Holdings Earnings Yield (Joel Greenblatt) % Related Terms
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Want Want China Holdings (Want Want China Holdings) Business Description
Want Want is major player in the China packaged food and beverage sector. The company was founded in 1962 in Taiwan and entered the mainland Chinese market in 1989. Its flagship products, such as Hot-Kid milk and Want Want rice crackers, are market leaders in the respective sub-segments. With a primary focus in mainland China, the company also exports to overseas markets. As at March 2021, Want Want China had 422 sales offices, 35 production bases and 81 factories on the Chinese mainland and worked with around 9,000 distributors.
Want Want China Holdings (Want Want China Holdings) Headlines
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