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Inter Action (Inter Action) Earnings Yield (Joel Greenblatt) % : 14.08% (As of Feb. 2024)


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What is Inter Action Earnings Yield (Joel Greenblatt) %?

Inter Action's Enterprise Value for the quarter that ended in Feb. 2024 was $44.56 Mil. Inter Action's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $7.40 Mil. Inter Action's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 14.08%.

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

IACYF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.07   Med: 9.63   Max: 32.19
Current: 10.34

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Inter Action was 32.19%. The lowest was 5.07%. And the median was 9.63%.

IACYF's Earnings Yield (Joel Greenblatt) % is ranked better than
81.81% of 2479 companies
in the Hardware industry
Industry Median: 3.2 vs IACYF: 10.34

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) %. Inter Action's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 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.


Inter Action Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Inter Action'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.

Inter Action Earnings Yield (Joel Greenblatt) % Chart

Inter Action Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.57 7.38 9.00 6.84 16.16

Inter Action Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 17.01 16.16 20.53 26.46 14.08

Competitive Comparison of Inter Action's Earnings Yield (Joel Greenblatt) %

For the Electronic Components subindustry, Inter Action'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.


Inter Action's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Inter Action's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Inter Action's Earnings Yield (Joel Greenblatt) % falls into.



Inter Action 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.

Inter Actions Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=11.032/120.67604
=9.14 %

Inter Action's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.40 Mil.



Inter Action  (OTCPK:IACYF) 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.


Inter Action Earnings Yield (Joel Greenblatt) % Related Terms

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Inter Action (Inter Action) Business Description

Industry
Traded in Other Exchanges
Address
1-1, Fukuura, Kanazawa-ku, Yokohama-shi, Kanagawa-ken, JPN, 236-0004
Inter Action Corp is engaged in IoT related business, environmental energy business which include drying and deodorizing equipment for exhaust gas treatment equipment, and industry 4.0 promotion project which include precision anti-vibration device, 3D modelling design, and gear testing machine.

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