What is Natural Alternatives International Earnings Yield (Joel Greenblatt) %?
Natural Alternatives International's Enterprise Value for the quarter that ended in Dec. 2023 was $80.5 Mil.
Natural Alternatives International's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-4.3 Mil. Natural Alternatives International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -5.32%.
The historical rank and industry rank for Natural Alternatives International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NAII'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.57 Med: 15.58 Max: 43.79
Current: -5.4
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Natural Alternatives International was 43.79%. The lowest was -11.57%. And the median was 15.58%.
NAII's Earnings Yield (Joel Greenblatt) % is ranked worse than 85.67% of 1947
companies
in the Consumer Packaged Goods industry
Industry Median: 4.99
vs NAII: -5.40
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) %. Natural Alternatives International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Natural Alternatives International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Natural Alternatives International'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.
Natural Alternatives International Earnings Yield (Joel Greenblatt) % Chart
For the Packaged Foods subindustry, Natural Alternatives International'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.
Natural Alternatives International's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Natural Alternatives International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Natural Alternatives International's Earnings Yield (Joel Greenblatt) % falls into.
Natural Alternatives International 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.
Natural Alternatives Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as
Natural Alternatives International's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.3 Mil.
Natural Alternatives International (NAS:NAII) 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.
Natural Alternatives International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Natural Alternatives International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Natural Alternatives International (Natural Alternatives International) Business Description
Natural Alternatives International Inc is engaged in formulating, manufacturing, and marketing nutritional supplements. It offers vitamins, minerals, herbs, and other supplements, as well as other healthcare products to customers within the United States and internationally. Its business activity is operated through Private-Label Contract Manufacturing and Patent & Trademark Licensing segment. The company derives the majority of revenue from Private-Label Contract Manufacturing which is engaged in providing manufacturing services to companies that market and distribute nutritional supplements and other healthcare products, whereas the Patent and Trademark Licensing segment includes royalty income from its license and supply agreements associated with the sale.
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