What is China Meheco Group Co Earnings Yield (Joel Greenblatt) %?
China Meheco Group Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥22,000 Mil.
China Meheco Group Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,707 Mil. China Meheco Group Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 7.76%.
The historical rank and industry rank for China Meheco Group Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:600056'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.93 Med: 7.51 Max: 21.01
Current: 8.49
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of China Meheco Group Co was 21.01%. The lowest was 2.93%. And the median was 7.51%.
SHSE:600056's Earnings Yield (Joel Greenblatt) % is ranked better than 62.38% of 101
companies
in the Medical Distribution industry
Industry Median: 5.71
vs SHSE:600056: 8.49
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) %. China Meheco Group Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was -9.19%. 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.
China Meheco Group Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for China Meheco Group Co'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.
China Meheco Group Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Meheco Group Co's Earnings Yield (Joel Greenblatt) %
For the Medical Distribution subindustry, China Meheco Group Co'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.
China Meheco Group Co's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, China Meheco Group Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Meheco Group Co's Earnings Yield (Joel Greenblatt) % falls into.
China Meheco Group Co 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.
China Meheco Group Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
China Meheco Group Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥1,707 Mil.
China Meheco Group Co (SHSE:600056) 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.
China Meheco Group Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Meheco Group Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Meheco Group Co (SHSE:600056) Business Description
China Meheco Group Co Ltd is engaged in the distribution and trading of botanical medicines, medical instruments, and pharmaceuticals. It offers botanic medicines and herbal products, as well as exports of natural medicines, including herbs, spices, plant extracts, bee products, Chinese traditional medicines. The company's business scope covers the whole industry chain, from research and development, cultivation and processing, manufacturing, distribution, logistics to international trading, academic promotion and technical service. The corporation provides trading services for customers in the pharmaceutical and chemical field, covering APIs, preparations, biologicals, blood products and others.
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