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Resonant's Enterprise Value for the quarter that ended in Dec. 2021 was $95.14 Mil. Resonant's EBIT for the trailing twelve months (TTM) ended in Dec. 2021 was $-35.95 Mil. Resonant's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2021 was -37.74%.
The historical rank and industry rank for Resonant's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Resonant was -7.38%. The lowest was -518.41%. And the median was -33.00%.
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) %. Resonant's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
The historical data trend for Resonant'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.
Resonant Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -15.08 | -166.67 | -41.49 | -21.14 | -37.74 |
Resonant Quarterly Data | ||||||||||||||||||||
Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -21.14 | -12.36 | -17.09 | -24.33 | -37.74 |
For the Semiconductors subindustry, Resonant'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.
For the Semiconductors industry and Technology sector, Resonant's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Resonant'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.
Resonants Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -35.954 | / | 95.141658 | |
= | -37.79 % |
Resonant's EBIT for the trailing twelve months (TTM) ended in Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35.95 Mil.
Resonant (NAS:RESN) 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.
Thank you for viewing the detailed overview of Resonant's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
George B Holmes | director, officer: Chief Executive Officer | C/O RESONANT INC., 10900 STONELAKE BLVD., SUITE 100, OFFICE, AUSTIN TX 78759 |
Neal Fenzi | officer: Chief Technology Officer | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Dylan Kelly | officer: Chief Operating Officer | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Martin S Mcdermut | officer: Chief Financial Officer | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Marybeth Carberry | officer: Exec VP of Business Operations | C/O RESONANT INC. 175 CREMONA DRIVE, SUITE 200 GOLETA CA 93117 |
Alan B Howe | director | 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081 |
Robert L. Tirva | director | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Ruben Caballero | director | C/O RESONANT INC. 10900 STONELAKE BLVD., SUITE 100, OFFICE 02-130, AUSTIN TX 78759 |
Michael J Fox | director | C/O PARK CITY CAPITAL, LLC, 100 CRESCENT COURT SUITE 700, DALLAS TX 75201 |
Joshua Jacobs | director | 9917 LA TUNA CANYON ROAD, SUN VALLEY CA 91352 |
Jean F Rankin | director | 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109 |
Jack H Jacobs | director | 101 OAKS ROAD, MILLINGTON NJ 07946 |
Robert B Hammond | officer: Co-Chief Technology Officer | C/O RESONANT INC., 175 CREMONA DRIVE, SUITE 200, GOLETA CA 93117 |
Park City Capital, Llc | director | 12400 COIT ROAD, SUITE 800, DALLAS TX 75251 |
Longboard Capital Advisors, Llc | 10 percent owner | 9665 WILSHIRE BLVD., SUITE 430, BEVERLY HILLS CA 90212 |
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