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Rojana Industrial Park PCL (BKK:ROJNA) Earnings Yield (Joel Greenblatt) % : 8.59% (As of Dec. 2023)


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What is Rojana Industrial Park PCL Earnings Yield (Joel Greenblatt) %?

Rojana Industrial Park PCL's Enterprise Value for the quarter that ended in Dec. 2023 was ฿24,919 Mil. Rojana Industrial Park PCL's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ฿2,141 Mil. Rojana Industrial Park PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.59%.

The historical rank and industry rank for Rojana Industrial Park PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BKK:ROJNA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.2   Med: 6.2   Max: 13.14
Current: 9.02

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Rojana Industrial Park PCL was 13.14%. The lowest was 2.20%. And the median was 6.20%.

BKK:ROJNA's Earnings Yield (Joel Greenblatt) % is ranked better than
76.06% of 447 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.74 vs BKK:ROJNA: 9.02

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) %. Rojana Industrial Park PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 23.94%. 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.


Rojana Industrial Park PCL Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Rojana Industrial Park PCL'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.

Rojana Industrial Park PCL Earnings Yield (Joel Greenblatt) % Chart

Rojana Industrial Park PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.89 8.73 10.99 7.30 8.59

Rojana Industrial Park PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.30 5.16 7.51 8.28 8.59

Competitive Comparison of Rojana Industrial Park PCL's Earnings Yield (Joel Greenblatt) %

For the Utilities - Independent Power Producers subindustry, Rojana Industrial Park PCL'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.


Rojana Industrial Park PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Rojana Industrial Park PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Rojana Industrial Park PCL's Earnings Yield (Joel Greenblatt) % falls into.



Rojana Industrial Park PCL 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.

Rojana Industrial Park PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2141.373/24919.161
=8.59 %

Rojana Industrial Park PCL's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿2,141 Mil.



Rojana Industrial Park PCL  (BKK:ROJNA) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Rojana Industrial Park PCL Earnings Yield (Joel Greenblatt) % Related Terms

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Rojana Industrial Park PCL (BKK:ROJNA) Business Description

Traded in Other Exchanges
Address
New Petchaburi Road, 2034/115 Ital Thai Tower, 26th Floor, Bang Kapi, Huai Khwang, Bangkok, THA, 10310
Rojana Industrial Park PCL is engaged in the development of industrial estate at Ayutthaya, Rayong, and Chonburi Provinces. The segments of the company comprise Real estate development & related service, Electricity generating, Production & distribution of industrial water, Rental services, and Medical services. The majority of revenue is derived from the Power plants business. Geographically it only operates in Thailand.

Rojana Industrial Park PCL (BKK:ROJNA) Headlines

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