What is Advance Metals Earnings Yield (Joel Greenblatt) %?
Advance Metals's Enterprise Value for the quarter that ended in Jun. 2023 was A$3.51 Mil.
Advance Metals's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was A$-0.73 Mil. Advance Metals's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Advance Metals's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:AVM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -309.21 Med: 0 Max: 0
Current: -121.71
ASX:AVM's Earnings Yield (Joel Greenblatt) % is ranked worse than 99.38% of 640
companies
in the Steel industry
Industry Median: 6.78
vs ASX:AVM: -121.71
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) %. Advance Metals's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Advance Metals Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Advance Metals'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.
Competitive Comparison of Advance Metals's Earnings Yield (Joel Greenblatt) %
For the Coking Coal subindustry, Advance Metals'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.
Advance Metals's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Advance Metals's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Advance Metals'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.
Advance Metalss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
Advance Metals Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Advance Metals's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Advance Metals Ltd is a Australia-based mineral exploration company engaged in investment in renewable energy and coal exploration. It holds coal licenses for exploration in the coking coal regions of Kootenay in British Columbia and applications for exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The Group has only two reportable segments, being the geographic location of assets in Canada and Australia. The company plans to develop a portfolio of projects that support the green economy through the discovery and delivery of commodities that promote electrification and decarbonization.
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