InvenSense (InvenSense) Earnings Yield (Joel Greenblatt) % : -4.41% (As of Dec. 2016)

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What is InvenSense Earnings Yield (Joel Greenblatt) %?

InvenSense's Enterprise Value for the quarter that ended in Dec. 2016 was $1,091.7 Mil. InvenSense's EBIT for the trailing twelve months (TTM) ended in Dec. 2016 was $-48.1 Mil. InvenSense's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was -4.41%.

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

INVN's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Semiconductors industry.
Industry Median: 2.155
* 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) %. InvenSense's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2016 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.

InvenSense Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for InvenSense'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.

InvenSense Earnings Yield (Joel Greenblatt) % Chart

InvenSense Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Earnings Yield (Joel Greenblatt) %

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3.61

7.81

0.48

0.55

0.51

InvenSense Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															2.01	0.51	-2.03	-4.34	-4.41

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

For the Semiconductors subindustry, InvenSense'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.

InvenSense's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry

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

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

InvenSense 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.

InvenSenses Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2016 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	3.289	/	649.927
	=	0.51 %

InvenSense's EBIT for the trailing twelve months (TTM) ended in Dec. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-48.1 Mil.

InvenSense (NYSE:INVN) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

InvenSense Earnings Yield (Joel Greenblatt) % Related Terms

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

InvenSense (InvenSense) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » InvenSense Inc (NYSE:INVN) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.invensense.com

InvenSense Inc was incorporated in the State of California in June 2003 and reincorporated in the State of Delaware in October 2004. The Company designs, develops, markets and sells Micro-Electro-Mechanical Systems ("MEMS") sensors, including accelerometers, gyroscopes, barometers, compasses, and microphones, with proprietary algorithms, processors and firmware that synthesize and calibrate sensor output data for the mobile, wearable, smart home, gaming, industrial, and automotive market segments. The Company delivers solutions based on its advanced motion and sound technology targeting solutions such as: smartphones, tablets, wearables, console and portable video gaming devices, digital television and set-top box remote controls, fitness accessories, sports equipment, digital still cameras, automobiles, ultra-books, laptops, hearing aids, stabilization systems, tools, navigation devices, remote controlled toys and other household consumer and industrial devices. The Company's five principal types of motion and also audio sensors include; Accelerometers that measure linear acceleration and tilt angle; Gyroscopes (Gyros) measures the angular rate of rotational movement about one or more axes, such as in a video game controller, or jitter, such as in an image stabilizer; Magnetic Sensors (Compasses) detects magnetic fields and measure their absolute position relative to the Earth's magnetic north and nearby magnetic materials; Pressure Sensors (Barometers) measures relative and absolute altitude through the analysis of changing atmospheric pressure; and Audio Sensors (Microphones) detects audible sound, as well as ultrasound in some use cases. The Company faces competition from Analog Devices, Inc., Epson Toyocom Corporation, Kionix, Inc. (a wholly owned subsidiary of Rohm Co., Ltd.), Knowles Corporation, MEMSIC, Inc., Murata Manufacturing Co., Ltd., Panasonic Corporation, Robert Bosch GmbH, Sony Corporation and STMicroelectronics N.V. (STMicro).

Executives

Emiko Higashi	director	C/O GILO VENTURES, 175 ALMENDRAL AVENUE, ATHERTON CA 94027
Mark P Dentinger	officer: Chief Financial Officer
Jon A Olson	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
Eric B Stang	director
Behrooz L. Abdi	director, officer: CEO and President	1875 CHARLESTON ROAD, MOUNTAIN VIEW CA 94043
Timothy M Wilson	director	1197 BOREGAS AVENUE, SUNNYVALE CA 94089
R Douglas Norby	director	C/O MAGNACHIP SEMICONDUCTOR, INC., 20400 STEVENS CREEK BOULEVARD, SUITE 370, CUPERTINO CA 95014
Partech U.s. Partners Iv, L.l.c.	10 percent owner	C/O 50 CALIFORNIA STREET, SUITE 3200, SAN FRANCISCO CA 94111
Vincent Worms	10 percent owner	C/O 50 CALIFORNIA STREET, SUITE 3200, SAN FRANCISCO CA 94111
45th Parallel Llc	10 percent owner	C/O 50 CALIFORNIA STREET, SUITE 3200, SAN FRANCISCO CA 94111
Par Sf Ii, L.l.c.	10 percent owner	C/O 50 CALIFORNIA STREET, SUITE 3200, SAN FRANCISCO CA 94111