Grupo Aeroportuario del Centro NorteB de CV (Grupo Aeroportuario del Centro NorteB de CV) EBIT : $265.9 Mil (TTM As of Mar. 2023)

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What is Grupo Aeroportuario del Centro NorteB de CV EBIT?

Grupo Aeroportuario del Centro NorteB de CV's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $101.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $265.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grupo Aeroportuario del Centro NorteB de CV's annualized ROC % for the quarter that ended in Mar. 2023 was 25.64%. Grupo Aeroportuario del Centro NorteB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 276.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grupo Aeroportuario del Centro NorteB de CV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 6.25%.

Grupo Aeroportuario del Centro NorteB de CV EBIT Historical Data

The historical data trend for Grupo Aeroportuario del Centro NorteB de CV's EBIT 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.

Grupo Aeroportuario del Centro NorteB de CV EBIT Chart

Grupo Aeroportuario del Centro NorteB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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219.56

263.82

96.16

212.17

319.40

Grupo Aeroportuario del Centro NorteB de CV Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial															67.69	61.32	72.22	92.37	101.28

Competitive Comparison of Grupo Aeroportuario del Centro NorteB de CV's EBIT

For the Airports & Air Services subindustry, Grupo Aeroportuario del Centro NorteB de CV's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Grupo Aeroportuario del Centro NorteB de CV's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Grupo Aeroportuario del Centro NorteB de CV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grupo Aeroportuario del Centro NorteB de CV's EV-to-EBIT falls into.

Grupo Aeroportuario del Centro NorteB de CV EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $265.9 Mil.

Grupo Aeroportuario del Centro NorteB de CV (NAS:OMAB) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Grupo Aeroportuario del Centro NorteB de CV's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	388.9 * ( 1 - 29.15% )	/	( (1090.598	+	1058.465)	/ 2 )
=	275.53565	/	1074.5315
=	25.64 %

where

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1183.319	-	75.566	-	( 171.134	-	max(0, 269.749	-	286.904	+	171.134	))
=	1090.598

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1295.461	-	90.851	-	( 157.071	-	max(0, 146.714	-	292.859	+	157.071	))
=	1058.465

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Grupo Aeroportuario del Centro NorteB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	405.108	/	( ( (140.085 + max(-27.065, 0))	+	(152.769 + max(-23.794, 0)) )	/	2 )
=	405.108	/	( ( 140.085	+	152.769 )	/	2 )
=	405.108	/	146.427
=	276.66 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(64.942	+	0	+	37.537)	-	(75.566	+	2.379	+	51.599)
=	-27.065

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(77.288	+	0	+	43.918)	-	(90.851	+	0	+	54.149)
=	-23.794

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Grupo Aeroportuario del Centro NorteB de CV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	265.863	/	4253.552
	=	6.25 %

Grupo Aeroportuario del Centro NorteB de CV EBIT Related Terms

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Grupo Aeroportuario del Centro NorteB de CV (Grupo Aeroportuario del Centro NorteB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo Aeroportuario del Centro Norte SAB de CV (NAS:OMAB) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

GAERF:USA OMAB:Mexico G7A:Germany G7AB:Germany G7A:Germany

Address

Avenue Patriotismo 201, Plaza Metropoli Patriotismo, 5th Floor, Col. San Pedro de los Pinos, Benito Juarez, MEX, MEX, 03800

Website

https://www.oma.aero

Grupo Aeroportuario del Centro Norte operates airports in the central region of Mexico. The largest airport is in Monterrey, which serves nearly half of the company's total passengers. In addition, the company manages two hotels and one industrial park.