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Elite Color Environmental Resources Science & Technology Co (SZSE:002998) 5-Year Yield-on-Cost % : 2.23 (As of Apr. 29, 2024)


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What is Elite Color Environmental Resources Science & Technology Co 5-Year Yield-on-Cost %?

Elite Color Environmental Resources Science & Technology Co's yield on cost for the quarter that ended in Dec. 2023 was 2.23.


The historical rank and industry rank for Elite Color Environmental Resources Science & Technology Co's 5-Year Yield-on-Cost % or its related term are showing as below:

SZSE:002998' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.15   Med: 1.38   Max: 2.27
Current: 2.23


During the past 8 years, Elite Color Environmental Resources Science & Technology Co's highest Yield on Cost was 2.27. The lowest was 1.15. And the median was 1.38.


SZSE:002998's 5-Year Yield-on-Cost % is ranked worse than
51.94% of 1055 companies
in the Chemicals industry
Industry Median: 2.37 vs SZSE:002998: 2.23

Competitive Comparison of Elite Color Environmental Resources Science & Technology Co's 5-Year Yield-on-Cost %

For the Specialty Chemicals subindustry, Elite Color Environmental Resources Science & Technology Co's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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.


Elite Color Environmental Resources Science & Technology Co's 5-Year Yield-on-Cost % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Elite Color Environmental Resources Science & Technology Co's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Elite Color Environmental Resources Science & Technology Co's 5-Year Yield-on-Cost % falls into.



Elite Color Environmental Resources Science & Technology Co 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Elite Color Environmental Resources Science & Technology Co is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Elite Color Environmental Resources Science & Technology Co  (SZSE:002998) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Elite Color Environmental Resources Science & Technology Co 5-Year Yield-on-Cost % Related Terms

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Elite Color Environmental Resources Science & Technology Co (SZSE:002998) Business Description

Traded in Other Exchanges
N/A
Address
No. 29, Huanxi Road, Zhutang Town, Jiangsu Province, Jiangyin, CHN, 214415
Elite Color Environmental Resources Science & Technology Co Ltd is engaged in research and development, production and sales of polyester fiber and its products. The company manufactures synthetic fiber materials, polyester fiber, clothing, knitwear, and textiles. Its products are used in engineering, automotive interior, civil carpet, and as per customer customization.

Elite Color Environmental Resources Science & Technology Co (SZSE:002998) Headlines

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