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Recycling Asset Holdings (Recycling Asset Holdings) Earnings Yield (Joel Greenblatt) % : -13.83% (As of Sep. 2019)


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What is Recycling Asset Holdings Earnings Yield (Joel Greenblatt) %?

Recycling Asset Holdings's Enterprise Value for the quarter that ended in Sep. 2019 was $21.84 Mil. Recycling Asset Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 was $-3.02 Mil. Recycling Asset Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2019 was -13.83%.

The historical rank and industry rank for Recycling Asset Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

IDSA's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Waste Management industry.
Industry Median: 4.04
* 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) %. Recycling Asset Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2019 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.


Recycling Asset Holdings Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Recycling Asset Holdings'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.

Recycling Asset Holdings Earnings Yield (Joel Greenblatt) % Chart

Recycling Asset Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.50 -84.75 -13.40 -1.34 5.54

Recycling Asset Holdings Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 4.21 5.54 1.44 -9.01 -13.83

Competitive Comparison of Recycling Asset Holdings's Earnings Yield (Joel Greenblatt) %

For the Waste Management subindustry, Recycling Asset Holdings'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.


Recycling Asset Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Recycling Asset Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Recycling Asset Holdings's Earnings Yield (Joel Greenblatt) % falls into.



Recycling Asset Holdings 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.

Recycling Asset Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=0.918/16.5478032
=5.55 %

Recycling Asset Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.02 Mil.



Recycling Asset Holdings  (NAS:IDSA) 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.


Recycling Asset Holdings Earnings Yield (Joel Greenblatt) % Related Terms

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Recycling Asset Holdings (Recycling Asset Holdings) Business Description

Traded in Other Exchanges
N/A
Address
7100 Grade Lane, Louisville, KY, USA, 40213
Industrial Services of America Inc is a waste and recycling company in the United States. It is engaged in the buying, processing, and marketing of ferrous and non-ferrous metals and other recyclable commodities and buys used autos in order to sell used auto parts. The company's business activity falls within a single segment - The Recycling Segment, which provides ferrous and non-ferrous recycling in four locations in the Midwest. It has operating locations in Louisville, Kentucky, and Seymour and New Albany, Indiana.
Executives
Daniel M Rifkin 10 percent owner 6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804
David Treadway Russell director 1720 ENSLEY AVE, LOS ANGELES CA 90024

Recycling Asset Holdings (Recycling Asset Holdings) Headlines