Avocet Resources (FRA:U3O) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Jun. 2013)

Avocet Resources Earnings Yield (Joel Greenblatt) % Chart

Avocet Resources Quarterly Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial									37.31	131.58	-	-	-

Competitive Comparison of Avocet Resources's Earnings Yield (Joel Greenblatt) %

For the Other Industrial Metals & Mining subindustry, Avocet Resources'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.

Avocet Resources's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Avocet Resources's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Avocet Resources's Earnings Yield (Joel Greenblatt) % falls into.

Avocet Resources 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.

Avocet Resourcess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2012 is calculated as

Avocet Resources's EBIT for the trailing twelve months (TTM) ended in Jun. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.04 Mil.

Avocet Resources  (FRA:U3O) 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.

Avocet Resources Earnings Yield (Joel Greenblatt) % Related Terms

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Avocet Resources (FRA:U3O) Business Description