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The earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
As of today (2024-05-26), the stock price of Singing Machine Co is $1.40. Singing Machine Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $-1.73. Therefore, Singing Machine Co's earnings yield of today is N/A%.
The earnings yield does not consider the growth of the business. 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 Mar. 2024 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.
Earnings yield is the reciprocal of the P/E Ratio.
Singing Machine Co's Earnings Yield for today is calculated as
Earnings Yield | = | Earnings per Share (Diluted) (TTM) | / | Share Price |
= | -1.730 | / | 1.40 | |
= | N/A % |
Singing Machine Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.730 Mil.
* 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.
It can also be calculated from the numbers for the whole company:
Earnings Yield | = | Net Income | / | Market Cap |
The earnings in the calculation is the Trailing Twelve Months earnings.
Singing Machine Co (NAS:MICS) Earnings Yield % Explanation
If the P/E ratio is an indication of how many years it takes for the company to earn back the stock price shareholders pay to buy the shares, the earnings yield is an indication of how much return shareholders' investment in the company earned over the past 12 months. The higher the earnings yield is, the better.
If a company loses money, the earnings yield is negative. This gives a more straightforward indication that the company is losing money. This is an advantage of using earnings yield instead of the P/E ratio in valuation. For valuation purposes, the P/B Ratio and the P/S Ratio should be used for companies that are losing money.
Like the P/E ratio, the earnings yield can be used to compare investments in different industries. It can even be used to compare the attractiveness of different asset classes such as bonds and cash. Of course, the earnings yield should not be the only factor in deciding which asset classes to invest.
Also similar to the P/E ratio, the earnings yield does not consider the growth of the business. A growing company with the same earnings yield should be more attractive than a company that has the same earnings yield but does not grow.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %.
Be Aware
Just like the P/E Ratio, non-recurring items such as selling part of the business, selling a previous investment, etc., can affect earnings yield dramatically. The earning yield is also a poor indication for cyclical companies. When a cyclical stock has a high earnings yield it is usually at the peak of its cycle.
Thank you for viewing the detailed overview of Singing Machine Co's Earnings Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jay B Foreman | director | 6301 NW 5TH WAY,, SUITE 2900, FORT LAUDERDALE FL 33309 |
Stingray Group Inc. | 10 percent owner | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Ault Milton C Iii | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Bitnile Holdings, Inc. | 10 percent owner | 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141 |
Henry Carl Nisser | director | 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017 |
James Michael Turner | director | 1800 HICKORY RIDGE DRIVE, WAXHAW NC 28173 |
Kenneth S Cragun | director | 3775 CHIPPEWA CIRCLE, CORONA CA 92881 |
Mathieu Peloquin | director | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Eric Boyko | 10 percent owner | 730 WELLINGTON STREET, MONTREAL A8 H3C 1T4 |
Bernardo Melo | officer: VP Sales | 6601 LYONS ROAD, BUILDING A 7, COCONUT CREEK FL 33073 |
Joseph Kling | director | 5846 NW 24TH AVENUE (UNIT #203), BOCA RATON FL 33496 |
Lau Sak Hong Aka Philip Lau | director | SHING DAO INDUSTRIAL BUILDING SECURITIES, 232 ABERDEEN MAIN ROAD 5TH FLO K3 00000 |
Gary Kevin Atkinson | officer: Secretary | 1266 S MILITARY TRAIL, APT 5314, DEERFIELD BEACH FL 33442 |
Carol Lau | director | THE SINGING MACHINE COMPANY INC, 6601 LYONS ROAD BUILDING A 7, COCONUT CREEK FL 33073 |
Anton Handal | officer: CEO | 425 TYRONE STREET, EL CAJON CA 92020 |
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