ANA Holdings (ANA Holdings) EBIT : $1,757 Mil (TTM As of Dec. 2023)

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What is ANA Holdings EBIT?

ANA Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $595 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,757 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ANA Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 8.93%. ANA Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 27.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ANA Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.37%.

ANA Holdings EBIT Historical Data

The historical data trend for ANA Holdings'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.

ANA Holdings EBIT Chart

ANA Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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1,448.73

536.77

-4,863.73

-1,265.26

1,041.32

ANA Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															507.07	209.34	348.43	605.07	594.63

Competitive Comparison of ANA Holdings's EBIT

For the Airlines subindustry, ANA Holdings'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.

ANA Holdings's EV-to-EBIT Distribution in the Transportation Industry

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

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

ANA Holdings 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 quarterly data reported by the company within the most recent 12 months, which was $1,757 Mil.

ANA Holdings (OTCPK:ALNPF) EBIT Explanation

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

ANA Holdings'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	2232.98 * ( 1 - 29.68% )	/	( (17514.857	+	17657.581)	/ 2 )
=	1570.231536	/	17586.219
=	8.93 %

where

	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	))
=	24010.349	-	1560.06	-	( 8886.205	-	max(0, 6996.341	-	11931.773	+	8886.205	))
=	17514.857

	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	))
=	24205.158	-	1552.956	-	( 9022.18	-	max(0, 6807.256	-	11801.877	+	9022.18	))
=	17657.581

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

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

ANA Holdings'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: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2378.528	/	( ( (8540.715 + max(-2144.949, 0))	+	(8893.469 + max(-2193.539, 0)) )	/	2 )
=	2378.528	/	( ( 8540.715	+	8893.469 )	/	2 )
=	2378.528	/	8717.092
=	27.29 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1352.498	+	366.668	+	1326.402)	-	(1560.06	+	0	+	3630.457)
=	-2144.949

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1288.325	+	385.23	+	1106.142)	-	(1552.956	+	0	+	3420.28)
=	-2193.539

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1757.47	/	10735.957
	=	16.37 %

ANA Holdings EBIT Related Terms

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ANA Holdings (ANA Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANA Holdings Inc (OTCPK:ALNPF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

ALNPY:USA 9202:Japan ANCA:Germany

Address

Shiodome-City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7140

Website

http://www.ana.co.jp

ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.

ANA Holdings (ANA Holdings) Headlines

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