GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » easyJet PLC (OTCPK:EJTTF) » Definitions » EBIT

easyJet (easyJet) EBIT : $764 Mil (TTM As of Sep. 2023)


View and export this data going back to . Start your Free Trial

What is easyJet EBIT?

easyJet's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was $1,147 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $764 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. easyJet's annualized ROC % for the quarter that ended in Sep. 2023 was 13.85%. easyJet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 38.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. easyJet's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 15.64%.


easyJet EBIT Historical Data

The historical data trend for easyJet'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.

easyJet EBIT Chart

easyJet Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 606.44 -1,551.81 -1,260.99 -73.61 756.19

easyJet Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -505.50 -646.90 482.45 -383.50 1,147.28

Competitive Comparison of easyJet's EBIT

For the Airlines subindustry, easyJet'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.


easyJet's EV-to-EBIT Distribution in the Transportation Industry

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

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



easyJet 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $764 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.


easyJet  (OTCPK:EJTTF) EBIT Explanation

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

easyJet's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=2091.584 * ( 1 - 25.5% )/( (11131.068 + 11366.336)/ 2 )
=1558.23008/11248.702
=13.85 %

where

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))
=12792.476 - 1974.515 - ( 4230.583 - max(0, 6092.233 - 5779.126+4230.583))
=11131.068

Invested Capital(Q: Sep. 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))
=12179.455 - 830.446 - ( 3620.05 - max(0, 5128.713 - 5111.386+3620.05))
=11366.336

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

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

easyJet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2294.554/( ( (5757.282 + max(-3775.486, 0)) + (6019.802 + max(-3066.833, 0)) )/ 2 )
=2294.554/( ( 5757.282 + 6019.802 )/ 2 )
=2294.554/5888.542
=38.97 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(452.67 + 0 + 1095.873) - (1974.515 + 0 + 3349.514)
=-3775.486

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(136.139 + 0 + 1121.286) - (830.446 + 0 + 3493.812)
=-3066.833

When net working capital is negative, 0 is used.

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

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

easyJet's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=763.782/4884.464
=15.64 %

* 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.


easyJet EBIT Related Terms

Thank you for viewing the detailed overview of easyJet's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


easyJet (easyJet) Business Description

Traded in Other Exchanges
Address
Hangar 89, London Luton Airport, Luton, Bedfordshire, GBR, LU2 9PF
easyJet PLC is a European low-cost carrier with a focus on Western European markets. The company employs a low-cost no-frills model to offer low fares to customers on short-haul routes. Its operating segment includes Airline that operates easyJet's route network and Holidays that sells holiday packages. It generates maximum revenue from the Airline segment. Geographically, it derives a majority of its revenue from the United Kingdom.

easyJet (easyJet) Headlines

From GuruFocus

MaziValue's 1st-Quarter Performance

By Ugo Ume Ugo Ume 05-05-2017

Baron Funds Comments on easyJet PLC

By Holly LaFon 11-03-2015

Italian Referendum: Risk and Opportunity

By Cristiano Bellavitis, Ph.D. Cristiano Bellavitis, Ph.D. 11-29-2016