What is Singing Machine Co Earnings Yield (Joel Greenblatt) %?
Singing Machine Co's Enterprise Value for the quarter that ended in Dec. 2023 was $3.79 Mil.
Singing Machine Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-7.52 Mil. Singing Machine Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -200.00%.
The historical rank and industry rank for Singing Machine Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MICS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1454.44 Med: 5.35 Max: 29.26
Current: -192.31
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Singing Machine Co was 29.26%. The lowest was -1454.44%. And the median was 5.35%.
MICS's Earnings Yield (Joel Greenblatt) % is ranked worse than 99.03% of 2478
companies
in the Hardware industry
Industry Median: 3.265
vs MICS: -192.31
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) %. Singing Machine Co'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.
Singing Machine Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Singing Machine Co'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.
Singing Machine Co Earnings Yield (Joel Greenblatt) % Chart
For the Consumer Electronics subindustry, Singing Machine Co'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.
Singing Machine Co's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Singing Machine Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Singing Machine Co's Earnings Yield (Joel Greenblatt) % falls into.
Singing Machine Co 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.
Singing Machine Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Singing Machine Co'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 $-7.52 Mil.
Singing Machine Co (NAS:MICS) 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.
Singing Machine Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Singing Machine Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Singing Machine Co (Singing Machine Co) Business Description
Singing Machine Co Inc is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, toy products, accessories, music, and audio consumer electronic products. It contracts for the manufacturing of all its electronic equipment products with factories located in China. The company has also collaborated with a music content service provider that allows the company to offer karaoke downloads and streaming subscription services. This collaboration provides the company with a distribution platform for digital music sales and subscriptions and music sales to customers. Geographically, it derives a majority of revenue from North America and also has a presence in Europe; Asia, and Australia.
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