What is Redwood Scientific Technologies Earnings Yield (Joel Greenblatt) %?
Redwood Scientific Technologies's Enterprise Value for the quarter that ended in Dec. 2022 was $1.07 Mil.
Redwood Scientific Technologies does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Dec. 2022. Therefore, GuruFocus does not calculate Redwood Scientific Technologies's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Redwood Scientific Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
RSCI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.59 Med: 0 Max: 0
Current: -0.07
RSCI's Earnings Yield (Joel Greenblatt) % is ranked worse than 61.81% of 1092
companies
in the Drug Manufacturers industry
Industry Median: 2.315
vs RSCI: -0.07
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) %. Redwood Scientific Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 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.
Redwood Scientific Technologies Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
For the Drug Manufacturers - Specialty & Generic subindustry, Redwood Scientific Technologies'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.
Redwood Scientific Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Redwood Scientific Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Redwood Scientific Technologies'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.
Redwood Scientific Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
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.
Redwood Scientific Technologies Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Redwood Scientific Technologies's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Redwood Scientific Technologies (Redwood Scientific Technologies) Business Description
Redwood Scientific Technologies Inc is a pharmaceutical delivery company that develops, operates, and markets FDA-registered consumer homeopathic drugs and supplements. It utilized patent-pending sublingual strip delivery technology. It offers a product called TBX-FREE which is an oral strip that helps smokers safely and effectively eliminate the craving to smoke.
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