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GuruFocus has detected 3 Warning Signs with Air T Inc $AIRT.
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Air T Inc (NAS:AIRT)
Pre-Tax Income
$-7.3 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Air T Inc's pretax income for the three months ended in Dec. 2016 was $1.8 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $-7.3 Mil. Air T Inc's pretax margin was 5.07%.

During the past 13 years, Air T Inc's highest Pretax Margin was 7.71%. The lowest was -5.25%. And the median was 4.22%.


Definition

This is the income that a company earns before paying income taxes.

Air T Inc's Pretax Income for the fiscal year that ended in Mar. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=6.032+0.202+-0.081+0+0
=6.2

Air T Inc's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=1.639+0.312+-0.137+0+0
=1.8

Air T Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was -2.218 (Mar. 2016 ) + -8.361 (Jun. 2016 ) + 1.455 (Sep. 2016 ) + 1.814 (Dec. 2016 ) = $-7.3 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Air T Inc's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=1.814/35.769
=5.07%

During the past 13 years, Air T Inc's highest Pretax Margin was 7.71%. The lowest was -5.25%. And the median was 4.22%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Air T Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
Pretax Income 3.95.27.05.63.62.12.72.73.46.2

Air T Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 2.62.1-1.4-1.15.53.9-2.2-8.41.51.8
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