What is OCZ Technology Group Earnings Yield (Joel Greenblatt) %?
OCZ Technology Group's Enterprise Value for the quarter that ended in Aug. 2013 was €77.6 Mil.
OCZ Technology Group's EBIT for the trailing twelve months (TTM) ended in Aug. 2013 was €-41.5 Mil. OCZ Technology Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2013 was 0.00%.
The historical rank and industry rank for OCZ Technology Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:OADA's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Hardware industry.
Industry Median: 3.135 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. OCZ Technology Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Aug. 2013 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.
OCZ Technology Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for OCZ Technology Group'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.
OCZ Technology Group Earnings Yield (Joel Greenblatt) % Chart
For the Computer Hardware subindustry, OCZ Technology Group'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.
OCZ Technology Group's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, OCZ Technology Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where OCZ Technology Group's Earnings Yield (Joel Greenblatt) % falls into.
OCZ Technology Group 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.
OCZ Technology Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2013 is calculated as
OCZ Technology Group's EBIT for the trailing twelve months (TTM) ended in Aug. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-41.5 Mil.
OCZ Technology Group (FRA:OADA) 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.
OCZ Technology Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of OCZ Technology Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
OCZ Technology Group (FRA:OADA) Business Description
OCZ Technology Group, Inc., a Delaware corporation was formed in 2002. The Company is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. It develops flexible and customizable component solutions quickly and efficiently to meet the ever changing market needs and provide superior customer service. Historically, it mainly sold high performance memory modules to individual computing enthusiasts through catalog and online retail channels. However, SSDs have emerged as a strong market alternative to conventional disk drive technology and SSDs are rooted in much of the same basic technological concepts as its legacy memory module business. Today, as part of a diversification strategy which began in fiscal year 2009, its product mix is significantly more weighted toward the sale of SSDs and the SSD product line has become central to its business. As a result, its target customers are increasingly enterprises and original equipment manufacturers (or OEMs). It designs, develops, manufactures and distributes high performance components for computing devices and systems, including SSDs, other flash memory storage, memory modules, thermal management solutions and PSUs. Its ten largest customers are Amazon.com; ASK Corporation; BAS Group; D&H Distribution Company; Maxcom Memory GmbH; Memoryworld GmbH & Co., KG; Micro Center Corporation; Micro Peripherals LTD; NewEgg.com, operated by Magnell Associate Inc.; and SYX Distribution, Inc. The Company's business is subject to regulation by various federal and state governmental agencies.
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