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REX American Resources (REX American Resources) Earnings Yield (Joel Greenblatt) %

: 15.92% (As of Jan. 2024)
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REX American Resources's Enterprise Value for the quarter that ended in Jan. 2024 was $432.3 Mil. REX American Resources's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $68.8 Mil. REX American Resources's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 15.92%.

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

REX' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.54   Med: 8.92   Max: 45.76
Current: 10.91

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of REX American Resources was 45.76%. The lowest was -6.54%. And the median was 8.92%.

REX's Earnings Yield (Joel Greenblatt) % is ranked better than
83.04% of 1574 companies
in the Chemicals industry
Industry Median: 4.35 vs REX: 10.91

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) %. REX American Resources's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 26.10%. 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.


REX American Resources Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for REX American Resources'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.

REX American Resources Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.55 18.05 7.04 15.92

REX American Resources Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 7.04 7.72 5.81 12.85 15.92

Competitive Comparison

For the Chemicals subindustry, REX American 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.


REX American Resources Earnings Yield (Joel Greenblatt) % Distribution

For the Chemicals industry and Basic Materials sector, REX American Resources's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



REX American 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.

REX American Resourcess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=68.839/432.347143
=15.92 %

REX American Resources's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $68.8 Mil.



REX American Resources  (NYSE:REX) 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.


REX American Resources Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of REX American Resources's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


REX American Resources (REX American Resources) Business Description

Traded in Other Exchanges
Address
7720 Paragon Road, Dayton, OH, USA, 45459
REX American Resources Corp operates as a holding company, which engages in investment in alternative energy and ethanol production entities. Its operating segments include Ethanol and By-Products. Its products include dried distillers grains, modified distillers grains, and non-food grade corn oil.
Executives
Douglas Bruggeman officer: CFO, VP-Finance, Treasurer 7720 PARAGON ROAD, DAYTON OH 45459
Cheryl Lea Bustos director 43 SUGARCREEK TRAIL, GALENA IL 61036
Stuart A Rose director, 10 percent owner, officer: COB; CEO 7720 PARAGON ROAD, DAYTON OH 45459
Mervyn L Alphonso director 7720 PARAGON ROAD, DAYTON OH 45459
Anne Macmillan director 7720 PARAGON ROAD, DAYTON OH 45459
Lawrence Tomchin director 7720 PARAGON ROAD, DAYTON OH 45459
Zafar A Rizvi officer: VP Loss Prevention 7720 PARAGON ROAD, DAYTON OH 45459
Edward M Kress director, officer: Secretary 6505 LANDSEND COURT, DAYTON OH 45414
J. Dennis Hastert director 20 S. WACKER DRIVE, CHICAGO IL 60606
David Fuchs officer: VP Mgmt Information Systems 1366 HOLLOWCREEK DRIVE, MIAMISBURG OH 45342
Keith B Magby officer: VP Operations 1947 FOUNTAINVIEW DRIVE, DAYTON OH 45414
David L Bearden officer: President;COO 1517 WOODS DRIVE - UNIT 209, ARLINGTON HEIGHTS IL 60004
Philip J Kellar officer: VP Store Operations P O BOX 6592, KINGSPORT TN 37663
Lee Fisher director 3605 WARRENSVILLE CENTER ROAD, SHAKER HEIGHTS OH 44122
David Harris director 237 PARK AVENUE - SUITE 900, NEW YORK NY 10017