TKHVY (Turk Hava Yollari AO) EBIT : $2,902 Mil (TTM As of Sep. 2024)

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What is Turk Hava Yollari AO EBIT?

Turk Hava Yollari AO's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $1,844 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $2,902 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Turk Hava Yollari AO's annualized ROC % for the quarter that ended in Sep. 2024 was 14.07%. Turk Hava Yollari AO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 30.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Turk Hava Yollari AO's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 14.72%.

Turk Hava Yollari AO EBIT Historical Data

The historical data trend for Turk Hava Yollari AO'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.

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Turk Hava Yollari AO EBIT Chart

Turk Hava Yollari AO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,093.92

-641.00

921.24

3,115.01

3,561.45

Turk Hava Yollari AO Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															2,459.00	-294.55	328.00	1,025.00	1,844.00

Competitive Comparison of Turk Hava Yollari AO's EBIT

For the Airlines subindustry, Turk Hava Yollari AO'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.

Turk Hava Yollari AO's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's EV-to-EBIT falls into.

Turk Hava Yollari AO 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,902 Mil.

Turk Hava Yollari AO (OTCPK:TKHVY) EBIT Explanation

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

Turk Hava Yollari AO's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	5704 * ( 1 - 8.97% )	/	( (36065	+	37717)	/ 2 )
=	5192.3512	/	36891
=	14.07 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	37588	-	2102	-	( 5799	-	max(0, 10084	-	9505	+	5799	))
=	36065

	Invested Capital		(Q: Sep. 2024 )
=	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	))
=	39673	-	2205	-	( 6236	-	max(0, 10181	-	9932	+	6236	))
=	37717

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Turk Hava Yollari AO's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	7376	/	( ( (23551 + max(-3678, 0))	+	(24401 + max(-3147, 0)) )	/	2 )
=	7376	/	( ( 23551	+	24401 )	/	2 )
=	7376	/	23976
=	30.76 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1166	+	499	+	1687)	-	(2102	+	0	+	4928)
=	-3678

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1159	+	457	+	1680)	-	(2205	+	0	+	4238)
=	-3147

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Turk Hava Yollari AO's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	2902.453	/	19717.510
	=	14.72 %

Turk Hava Yollari AO EBIT Related Terms

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Turk Hava Yollari AO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Turk Hava Yollari AO (OTCPK:TKHVY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

THYAO:Turkey TU5A:Germany

Address

Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149

Website

https://www.turkishairlines.com

Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa and Middle East.