SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'earning_yield_greenblatt' AASP (Global Acquisitions) Earnings Yield (Joel Greenblatt)
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Acquisitions Corp (OTCPK:AASP) » Definitions » Earnings Yield (Joel Greenblatt) %

Global Acquisitions (Global Acquisitions) Earnings Yield (Joel Greenblatt) %

: -2.11% (As of Dec. 2023)
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Global Acquisitions's Enterprise Value for the quarter that ended in Dec. 2023 was $3.32 Mil. Global Acquisitions's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.07 Mil. Global Acquisitions's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -2.11%.

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

AASP' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -33.36   Med: -3.83   Max: -0.78
Current: -3.14

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Global Acquisitions was -0.78%. The lowest was -33.36%. And the median was -3.83%.

AASP's Earnings Yield (Joel Greenblatt) % is ranked worse than
70.09% of 672 companies
in the Diversified Financial Services industry
Industry Median: -1.68 vs AASP: -3.14

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) %. Global Acquisitions's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.

Global Acquisitions Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Global Acquisitions'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.

Global Acquisitions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.24 -3.69 -2.89 -3.15 -2.11

Global Acquisitions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -3.15 -3.06 -5.04 -4.61 -2.11
Competitive Comparison

For the Shell Companies subindustry, Global Acquisitions'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.

Global Acquisitions Earnings Yield (Joel Greenblatt) % Distribution

For the Diversified Financial Services industry and Financial Services sector, Global Acquisitions's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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


Global Acquisitions 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.

Global Acquisitionss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.07/3.32131644
=-2.11 %

Global Acquisitions's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.07 Mil.


Global Acquisitions  (OTCPK:AASP) 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.

Global Acquisitions Earnings Yield (Joel Greenblatt) % Related Terms

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

Global Acquisitions (Global Acquisitions) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Acquisitions Corp (OTCPK:AASP) » Definitions » Earnings Yield (Joel Greenblatt) %
Comparable Companies
VNTA NHYF HGYN NIMU STRG AGIN IHAI ATYG NSTB FSTJ DWAC BOM:543385 SCRM CVII AACT SAGA LSE:ADMR ALCC SLAM ANSC
Traded in Other Exchanges
N/A
Address
6730 Las Vegas Boulevard South, Las Vegas, NV, USA, 89119
Website
http://www.taylormadegolfexperience.com
Global Acquisitions Corp is a shell company. Its business plan is to seek, investigate, and, if warranted, acquire an interest in a business opportunity.
Executives
Ronald S Boreta director, officer: PRESIDENT, CEO & TREASURER 5325 SO VALLEY VIEW BLVD, STE 10, LAS VEGAS NV 89118
John Anthony Boreta director 10013 SIENNA PEAK CT., LAS VEGAS NV 89144
Vaso Boreta director 5325 SO VALLEY VIEW BLVD, STE 10, LAS VEGAS NV 89118
Steven Miller director 3883 HOWARD HUGHES PKWY., 8TH FL., LAS VEGAS NV 89109
Andre K Agassi 10 percent owner C/O AGASSI ENTERPRISES INC, IMG CENTER 1360 E 9TH ST STE 100, CLEVELAND OH 44144-1782
Andre Agassi Trust 10 percent owner 3883 HOWARD HUGHES PARKWAY, 8TH FLOOR, LAS VEGAS NV 89169
Investments Aka, Llc 10 percent owner 3883 HOWARD HUGHES PARKWAY, 8TH FLOOR, LAS VEGAS NV 89169
Agassi Ventures, Llc 10 percent owner 3883 HOWARD HUGHES PARKWAY, 8TH FLOOR, LAS VEGAS NV 89169
Cara Brunette director 6730 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89119
William Kilmer director 1853 MONTE CARLO WAY, CORAL SPRINGS FL 33071
Robert Rosburg director 49-425 AVENIDA CLUB LA QUINTA, LAS QUINTA CA 92253

Global Acquisitions (Global Acquisitions) Headlines

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