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YYAI (Connexa Sports Technologies) Earnings Yield (Joel Greenblatt) % : -59.52% (As of Jul. 2024)


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What is Connexa Sports Technologies Earnings Yield (Joel Greenblatt) %?

Connexa Sports Technologies's Enterprise Value for the quarter that ended in Jul. 2024 was $27.73 Mil. Connexa Sports Technologies's EBIT for the trailing twelve months (TTM) ended in Jul. 2024 was $-16.47 Mil. Connexa Sports Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2024 was -59.52%.

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

YYAI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10000   Med: -35.05   Max: 120.19
Current: -10000

During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Connexa Sports Technologies was 120.19%. The lowest was -10000.00%. And the median was -35.05%.

YYAI's Earnings Yield (Joel Greenblatt) % is ranked worse than
100% of 849 companies
in the Travel & Leisure industry
Industry Median: 4.22 vs YYAI: -10000.00

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) %. Connexa Sports Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Jul. 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.


Connexa Sports Technologies Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Connexa Sports Technologies'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.

Connexa Sports Technologies Earnings Yield (Joel Greenblatt) % Chart

Connexa Sports Technologies Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only -60.61 -3.29 -49.75 -357.14 -98.04

Connexa Sports Technologies Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 -370.37 -185.19 270.27 -98.04 -59.52

Competitive Comparison of Connexa Sports Technologies's Earnings Yield (Joel Greenblatt) %

For the Leisure subindustry, Connexa Sports Technologies'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.


Connexa Sports Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Connexa Sports Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Connexa Sports Technologies 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.

Connexa Sports Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-13.217/13.42112876
=-98.48 %

Connexa Sports Technologies's EBIT for the trailing twelve months (TTM) ended in Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.47 Mil.



Connexa Sports Technologies  (NAS:YYAI) 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.


Connexa Sports Technologies Earnings Yield (Joel Greenblatt) % Related Terms

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Connexa Sports Technologies Business Description

Traded in Other Exchanges
N/A
Address
2709 North Rolling Road, Suite 138, Windsor Mill, MD, USA, 21244
Connexa Sports Technologies Inc operates in the sports equipment and technology business. It is a connected sports company delivering products, technologies, and services across the Watch, Play, Learn commercial and subscription-as-a-service activities in sports. The company's offerings include Slinger Launcher, which is comprised of a portable tennis ball launcher, a portable padel tennis ball launcher, and a portable pickleball launcher. Through Gameface, it provides AI technology and performance analytics.
Executives
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Mark Frederick Radom officer: GENERAL COUNSEL 2709 NORTH ROLLING ROAD, SUITE 138, WINDSOR MILL, BALTIMORE MD 21244
Mike Ballardie director, officer: CEO and Director 2709 NORTH ROLLING ROAD,, SUITE 138, WINDSOR MILL,, BALTIMORE MD 21244
Jason Paul Seifert officer: CHIEF FINANCIAL OFFICER 2420 BRIXHAM AVENUE, ORLANDO FL 32828
Yonah Kalfa 10 percent owner 9 RABAN GAMLIEL, RAANANA L3 434024