What is Canadian Oil Recovery & Remediation Enterprises Earnings Yield (Joel Greenblatt) %?
Canadian Oil Recovery & Remediation Enterprises's Enterprise Value for the quarter that ended in Sep. 2021 was $0.00 Mil.
Canadian Oil Recovery & Remediation Enterprises's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $0.09 Mil. Canadian Oil Recovery & Remediation Enterprises's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2021 was 4.32%.
The historical rank and industry rank for Canadian Oil Recovery & Remediation Enterprises's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CRVYF's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Waste Management industry.
Industry Median: 4.095 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Canadian Oil Recovery & Remediation Enterprises's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2021 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.
Canadian Oil Recovery & Remediation Enterprises Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Canadian Oil Recovery & Remediation Enterprises'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 Canadian Oil Recovery & Remediation Enterprises's Earnings Yield (Joel Greenblatt) %
For the Waste Management subindustry, Canadian Oil Recovery & Remediation Enterprises'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.
Canadian Oil Recovery & Remediation Enterprises's Earnings Yield (Joel Greenblatt) % Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Canadian Oil Recovery & Remediation Enterprises's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Canadian Oil Recovery & Remediation Enterprises'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.
Canadian Oil Recovery & Remediation Enterprisess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as
Canadian Oil Recovery & Remediation Enterprises's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.09 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.
Canadian Oil Recovery & Remediation Enterprises Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Canadian Oil Recovery & Remediation Enterprises's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Canadian Oil Recovery & Remediation Enterprises (Canadian Oil Recovery & Remediation Enterprises) Business Description
Canadian Oil Recovery & Remediation Enterprises Ltd provides full cycle oil waste management solutions to the petroleum industry. The company's primary customers are in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies). Its operating lines include remediating oil-contaminated soil; treating sludge, oil-based muds and drilling waste; oil recovery; industrial waste management; oil storage tank cleaning; oil and gas engineering, and project management. Soil remediation, sludge treatment and oil recovery are provided by CORRE through its Advanced Recovery Equipment Systems (ARES), which consists of two soil washing plants known as ARES I and ARES II.
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