What is Alliance Resource Partners LP Earnings Yield (Joel Greenblatt) %?
Alliance Resource Partners LP's Enterprise Value for the quarter that ended in Mar. 2024 was $2,902 Mil.
Alliance Resource Partners LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $643 Mil. Alliance Resource Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 22.17%.
The historical rank and industry rank for Alliance Resource Partners LP's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ARLP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.18 Med: 13.73 Max: 36.38
Current: 20.24
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Alliance Resource Partners LP was 36.38%. The lowest was -9.18%. And the median was 13.73%.
ARLP's Earnings Yield (Joel Greenblatt) % is ranked better than 79.46% of 185
companies
in the Other Energy Sources industry
Industry Median: 5.71
vs ARLP: 20.24
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) %. Alliance Resource Partners LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
* 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.
For the Thermal Coal subindustry, Alliance Resource Partners LP'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.
Alliance Resource Partners LP's Earnings Yield (Joel Greenblatt) % Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Alliance Resource Partners LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Alliance Resource Partners LP's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Alliance Resource Partners LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Alliance Resource Partners LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $643 Mil.
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.
Thank you for viewing the detailed overview of Alliance Resource Partners LP's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alliance Resource Partners LP (Alliance Resource Partners LP) Business Description
Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments Illinois Basin, Appalachia, Oil & Gas Royalties and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia . The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II and includes Alliance Minerals' equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties has includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.
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