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Mesa Air Group (Mesa Air Group) EBIT : $-78.9 Mil (TTM As of Sep. 2023)


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What is Mesa Air Group EBIT?

Mesa Air Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-17.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-78.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mesa Air Group's annualized ROC % for the quarter that ended in Sep. 2023 was -6.44%. Mesa Air Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -9.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mesa Air Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -14.47%.


Mesa Air Group EBIT Historical Data

The historical data trend for Mesa Air Group'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.

Mesa Air Group EBIT Chart

Mesa Air Group Annual Data
Trend Sep07 Sep08 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.00 81.12 57.15 -199.38 -78.94

Mesa Air Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 -138.12 1.26 -24.19 -38.31 -17.70

Competitive Comparison of Mesa Air Group's EBIT

For the Airlines subindustry, Mesa Air Group'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.


Mesa Air Group's EV-to-EBIT Distribution in the Transportation Industry

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

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



Mesa Air Group 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 quarterly data reported by the company within the most recent 12 months, which was $-78.9 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.


Mesa Air Group  (NAS:MESA) EBIT Explanation

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

Mesa Air Group'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: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-66.964 * ( 1 - 9.44% )/( (932.613 + 950.139)/ 2 )
=-60.6425984/941.376
=-6.44 %

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))
=962.002 - 70.377 - ( 48.349 - max(0, 222.114 - 181.126+48.349))
=932.613

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

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

Mesa Air Group'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: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-70.796/( ( (721.11 + max(39.481, 0)) + (707.731 + max(4.897, 0)) )/ 2 )
=-70.796/( ( 760.591 + 712.628 )/ 2 )
=-70.796/736.6095
=-9.61 %

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)
=(3.582 + 28.731 + 100.464) - (70.377 + 6.398 + 16.521)
=39.481

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.253 + 29.245 + 68.148) - (77.648 + 4.88 + 18.221)
=4.897

When net working capital is negative, 0 is used.

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

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

Mesa Air Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-78.941/545.733
=-14.47 %

* 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.


Mesa Air Group EBIT Related Terms

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Mesa Air Group (Mesa Air Group) Business Description

Traded in Other Exchanges
Address
410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008
Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.
Executives
Jonathan Ireland director 410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh director 410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck officer: CFO & Treasurer 16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein director, officer: Chairman & CEO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon director C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman officer: General Counsel 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz officer: President and COO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich officer: EVP & Chief Operating Officer MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda officer: President, Freedom Airlines 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello director 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817