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Ace Ethanol LLC (Ace Ethanol LLC) Earnings Yield (Joel Greenblatt) % : 0.00% (As of . 20)


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What is Ace Ethanol LLC Earnings Yield (Joel Greenblatt) %?

Ace Ethanol LLC's Enterprise Value for the quarter that ended in . 20 was $0.00 Mil. Ace Ethanol LLC does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in . 20. Therefore, GuruFocus does not calculate Ace Ethanol LLC's Earnings Yield (Joel Greenblatt) at this moment.

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

ACEEU's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Agriculture industry.
Industry Median: 4.36
* 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) %. Ace Ethanol LLC's Forward Rate of Return (Yacktman) % for the quarter that ended in . 20 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.

Ace Ethanol LLC Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Ace Ethanol LLC'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.

Ace Ethanol LLC Earnings Yield (Joel Greenblatt) % Chart

Ace Ethanol LLC Annual Data
Trend
Earnings Yield (Joel Greenblatt) %

Ace Ethanol LLC Semi-Annual Data
Earnings Yield (Joel Greenblatt) %

Competitive Comparison of Ace Ethanol LLC's Earnings Yield (Joel Greenblatt) %

For the Agricultural Inputs subindustry, Ace Ethanol LLC'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.

Ace Ethanol LLC's Earnings Yield (Joel Greenblatt) % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Ace Ethanol LLC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Ace Ethanol LLC's Earnings Yield (Joel Greenblatt) % falls into.


Ace Ethanol LLC 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.

Ace Ethanol LLCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 is calculated as

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


Ace Ethanol LLC  (GREY:ACEEU) 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.

Ace Ethanol LLC Earnings Yield (Joel Greenblatt) % Related Terms

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Ace Ethanol LLC (Ace Ethanol LLC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Ace Ethanol LLC (GREY:ACEEU) » Definitions » Earnings Yield (Joel Greenblatt) %
Comparable Companies
Traded in Other Exchanges
N/A
Address
815 West Maple Street, Stanley, WI, USA
Website
http://www.aceethanol.com
Ace Ethanol LLC is engaged in the manufacturing of ethanol, carbon dioxide, and corn oil.

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