What is Adept Technology Earnings Yield (Joel Greenblatt) %?
Adept Technology's Enterprise Value for the quarter that ended in Jun. 2015 was $96.35 Mil.
Adept Technology's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was $-5.28 Mil. Adept Technology's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was -5.48%.
The historical rank and industry rank for Adept Technology's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ADEP's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Industrial Products industry.
Industry Median: 4.42 * 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) %. Adept Technology's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 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.
Adept Technology Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Adept Technology'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.
Competitive Comparison of Adept Technology's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Adept Technology'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.
Adept Technology's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Adept Technology's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Adept Technology's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Adept Technologys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2015 is calculated as
Adept Technology's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.28 Mil.
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.
Adept Technology Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Adept Technology's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Adept Technology (Adept Technology) Business Description
Adept Technology Inc was incorporated in California in 1983 and reincorporated in Delaware in 2005. The Company is a robotics-based automation supplier. Through integrated offerings of both industrial and mobile robots helps customers improve the speed, quality and efficiency of their production environments. It design and manufacture industrial (fixed) and mobile robots along with a complementary suite of control and vision systems and software which are used for assembly, packaging, handling, testing and logistics applications in both fixed repetitive and unstructured environments. It operates in two segments: Robotics and Services & Support. Its geographic areas include United States, Europe, Asia and among others. It classifies robots into two categories, fixed (industrial) robots (multi-axis) and mobile robots (autonomous vehicles). It manufactures both types of robots and offers many options such as vision and automation control software and related hardware, parts feeding and enterprise-level software. It competes with ABB, Epson, Fanuc, Kuka, Yaskawa, Denso, Motoman, Staubli, Amazon (Kiva), Aethon, MetraLabs Seegrid, Savant and Neobotix. The Company has approximately 31 patents issued and current on various innovations in the field of robotics, motion control, and machine vision technology.
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