Alliance Aviation Services (ASX:AQZ) EBIT : A$95.4 Mil (TTM As of Dec. 2023)

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What is Alliance Aviation Services EBIT?

Alliance Aviation Services's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$45.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$95.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alliance Aviation Services's annualized ROC % for the quarter that ended in Dec. 2023 was 7.88%. Alliance Aviation Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 13.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Alliance Aviation Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 12.26%.

Alliance Aviation Services EBIT Historical Data

The historical data trend for Alliance Aviation Services'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.

Alliance Aviation Services EBIT Chart

Alliance Aviation Services Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

EBIT

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35.58

43.43

50.93

0.60

64.69

Alliance Aviation Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															-1.11	1.71	15.10	49.60	45.85

Competitive Comparison of Alliance Aviation Services's EBIT

For the Airports & Air Services subindustry, Alliance Aviation Services'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.

Alliance Aviation Services's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Alliance Aviation Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Alliance Aviation Services's EV-to-EBIT falls into.

Alliance Aviation Services 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$95.4 Mil.

Alliance Aviation Services (ASX:AQZ) EBIT Explanation

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

Alliance Aviation Services's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	80.016 * ( 1 - 30.32% )	/	( (671.783	+	742.525)	/ 2 )
=	55.7551488	/	707.154
=	7.88 %

where

	Invested Capital		(Q: Jun. 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	))
=	779.778	-	85.678	-	( 22.317	-	max(0, 115.343	-	191.027	+	22.317	))
=	671.783

	Invested Capital		(Q: Dec. 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	))
=	859.889	-	80.42	-	( 36.944	-	max(0, 111.907	-	224.288	+	36.944	))
=	742.525

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Alliance Aviation Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	91.692	/	( ( (588.533 + max(59.759, 0))	+	(635.411 + max(85.451, 0)) )	/	2 )
=	91.692	/	( ( 648.292	+	720.862 )	/	2 )
=	91.692	/	684.577
=	13.39 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(71.672	+	89.61	+	3.839)	-	(85.678	+	0.191	+	19.493)
=	59.759

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(61.788	+	125.556	+	0)	-	(80.42	+	0.191	+	21.282)
=	85.451

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Alliance Aviation Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	95.441	/	778.176
	=	12.26 %

Alliance Aviation Services EBIT Related Terms

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Alliance Aviation Services (ASX:AQZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Alliance Aviation Services Ltd (ASX:AQZ) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

81 Pandanus Avenue, P.O. Box 1126, Brisbane Airport, Brisbane, QLD, AUS, 4009

Website

https://www.allianceairlines.com.au

Alliance Aviation Services Ltd is an aviation services provider. The company is engaged in the provision of contract, charter, and allied aviation services. It serves the mining, energy, tourism, and government sectors. The company also provides specialized aviation services to other airlines and clients including aircraft wet leasing, airport management, aircraft trading, parts sales, engine leasing, and engineering services. It derives maximum revenue from Contract services.

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