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Motorcar Parts of America Earnings Yield (Joel Greenblatt) %

: 5.00% (As of Mar. 2022)
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Motorcar Parts of America's Enterprise Value for the quarter that ended in Mar. 2022 was $574.7 Mil. Motorcar Parts of America's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $28.7 Mil. Motorcar Parts of America's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 5.00%.

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

MPAA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.34   Med: 6.66   Max: 36.1
Current: 5.5

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Motorcar Parts of America was 36.10%. The lowest was -8.34%. And the median was 6.66%.

MPAA's Earnings Yield (Joel Greenblatt) % is ranked better than
55.9% of 1238 companies
in the Vehicles & Parts industry
Industry Median: 4.73 vs MPAA: 5.50

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) %. Motorcar Parts of America's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2022 was -9.75%. 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.


Motorcar Parts of America Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Motorcar Parts of America'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.

Motorcar Parts of America Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.05 3.26 3.89 7.87 5.00

Motorcar Parts of America Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 7.87 8.45 6.29 5.50 5.00

Competitive Comparison

For the Auto Parts subindustry, Motorcar Parts of America'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.

   

Motorcar Parts of America Earnings Yield (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Motorcar Parts of America's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Motorcar Parts of America's Earnings Yield (Joel Greenblatt) % falls into.



Motorcar Parts of America 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.

Motorcar Parts of Americas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=28.704/574.703801
=4.99 %

Motorcar Parts of America's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $28.7 Mil.



Motorcar Parts of America  (NAS:MPAA) 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.


Motorcar Parts of America Earnings Yield (Joel Greenblatt) % Related Terms

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


Motorcar Parts of America Business Description

Motorcar Parts of America logo
Traded in Other Exchanges
Address
2929 California Street, Torrance, CA, USA, 90503
Motorcar Parts of America Inc is a US-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the US, of which a majority of the revenue is derived from the sales of rotating electrical products.
Executives
Warfield Patricia W director 2929 CALIFORNIA STREET TORRANCE CA 90503
Rankin Jamy P. director C/O MOTOR CAR PARTS OF AMERICA, INC. 2929 CALIFORNIA STREET TORRANCE CA 90503
Shah Kamlesh officer: Chief Accounting Officer C/O MOTORCAR PARTS OF AMERICA, INC. 2929 CALIFORNIA STREET TORRANCE CA 90503
Stone Juliet Lynn officer: VP, Gen Counsel and Secretary C/O MOTORCAR PARTS OF AMERICA, INC. 2020 CALIFORNIA STREET TORRANCE CA 90503
Vargo Timothy D director 700 KEOUGH DRIVE PIPERTON TN 38017
Whittaker Barbara L director 1594 HERONWOOD COURT BLOOMFIELD HILLS MI 48302
Ferguson Joseph Edwin director 5103 SOUTH GARTH AVENUE LOS ANGELES CA 90056
Bryan David director 605 STAPP ROAD BOULDER CREEK CA 95006
Schooner Douglas Earl officer: Vice President, Manufacturing 2929 CALIFORNIA STREET TORRANCE CA 90503
Borneo Rudolph J director 50 O'FARRELL STREET SAN FRANCISCO CA 94108
Gay Philip director 6300 CANOGA AVENUE SUITE 1700 WOODLAND HILLS CA 91367
Lee David Sung officer: CFO 2929 CALIFORNIA STREET TORRANCE CA 90503
Selwyn Joffe director, officer: President, CEO & Chairman
Kratz Steven officer: Chief Operating Officer 2929 CALIFORNIA STREET C/O MORTORCAR PARTS OF AMERICA INC TORRANCE CA 90503
Daly Kevin Gerard officer: Chief Accounting Officer 2929 CALIFORNIA STREET TORRANCE CA 90503

Motorcar Parts of America Headlines

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