Korean Air Lines Co (XKRX:003490) EBIT : ₩2,107,106 Mil (TTM As of Dec. 2023)

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What is Korean Air Lines Co EBIT?

Korean Air Lines Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₩286,920 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₩2,107,106 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Korean Air Lines Co's annualized ROC % for the quarter that ended in Dec. 2023 was 2.56%. Korean Air Lines Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.45%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Korean Air Lines Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 16.91%.

Korean Air Lines Co EBIT Historical Data

The historical data trend for Korean Air Lines Co'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.

Korean Air Lines Co EBIT Chart

Korean Air Lines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-197,538.16

-421,834.63

1,234,047.71

2,963,084.99

2,107,105.56

Korean Air Lines Co 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															763,013.68	492,065.19	620,532.54	707,587.92	286,919.91

Competitive Comparison of Korean Air Lines Co's EBIT

For the Airlines subindustry, Korean Air Lines Co'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.

Korean Air Lines Co's EV-to-EBIT Distribution in the Transportation Industry

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

* The bar in red indicates where Korean Air Lines Co's EV-to-EBIT falls into.

Korean Air Lines Co 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 ₩2,107,106 Mil.

Korean Air Lines Co (XKRX:003490) EBIT Explanation

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

Korean Air Lines Co'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 )
=	1138550.64 * ( 1 - 32.34% )	/	( (29591944.307	+	30599874.78)	/ 2 )
=	770343.363024	/	30095909.5435
=	2.56 %

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	))
=	29954818.069	-	553553.978	-	( 6422036.033	-	max(0, 9051151.295	-	8860471.079	+	6422036.033	))
=	29591944.307

	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	))
=	30391776.03	-	606595.92	-	( 6177412.502	-	max(0, 9409864.309	-	8595169.639	+	6177412.502	))
=	30599874.78

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

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

Korean Air Lines Co'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 )
=	1147679.62	/	( ( (17431342.733 + max(-3040342.023, 0))	+	(18174886.816 + max(-3444712.34, 0)) )	/	2 )
=	1147679.62	/	( ( 17431342.733	+	18174886.816 )	/	2 )
=	1147679.62	/	17803114.7745
=	6.45 %

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)
=	(987030.17	+	845721.7	+	431924.199)	-	(553553.978	+	0	+	4751464.114)
=	-3040342.023

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(929749.764	+	853580.309	+	442450.572)	-	(606595.92	+	0	+	5063897.065)
=	-3444712.34

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:

Korean Air Lines Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2107105.562	/	12460045.547
	=	16.91 %

Korean Air Lines Co EBIT Related Terms

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Korean Air Lines Co (XKRX:003490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Korean Air Lines Co Ltd (XKRX:003490) » Definitions » EBIT

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003495:Korea

Address

260 Haneul-gil, Gangseo-gu, Seoul, KOR

Website

http://www.koreanair.com

Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co (XKRX:003490) Headlines

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