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Turk Hava Yollari AO (IST:THYAO) Cyclically Adjusted Revenue per Share : ₺89.47 (As of Dec. 2023)


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What is Turk Hava Yollari AO Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Turk Hava Yollari AO's adjusted revenue per share for the three months ended in Dec. 2023 was ₺50.551. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₺89.47 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Turk Hava Yollari AO's average Cyclically Adjusted Revenue Growth Rate was 60.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 50.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 36.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Turk Hava Yollari AO was 50.70% per year. The lowest was 18.20% per year. And the median was 28.15% per year.

As of today (2024-04-28), Turk Hava Yollari AO's current stock price is ₺317.00. Turk Hava Yollari AO's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₺89.47. Turk Hava Yollari AO's Cyclically Adjusted PS Ratio of today is 3.54.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Turk Hava Yollari AO was 3.66. The lowest was 0.34. And the median was 0.81.


Turk Hava Yollari AO Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Turk Hava Yollari AO's Cyclically Adjusted Revenue per Share 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.

Turk Hava Yollari AO Cyclically Adjusted Revenue per Share Chart

Turk Hava Yollari AO Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.56 26.12 33.81 55.88 89.47

Turk Hava Yollari AO Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share 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 55.88 62.55 72.50 85.17 89.47

Competitive Comparison of Turk Hava Yollari AO's Cyclically Adjusted Revenue per Share

For the Airlines subindustry, Turk Hava Yollari AO's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Turk Hava Yollari AO's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Cyclically Adjusted PS Ratio falls into.



Turk Hava Yollari AO Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Turk Hava Yollari AO's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=50.551/129.4194*129.4194
=50.551

Current CPI (Dec. 2023) = 129.4194.

Turk Hava Yollari AO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.716 99.695 4.824
201406 4.448 100.560 5.725
201409 5.196 100.428 6.696
201412 4.146 99.070 5.416
201503 3.954 99.621 5.137
201506 4.960 100.684 6.376
201509 6.733 100.392 8.680
201512 5.188 99.792 6.728
201603 4.660 100.470 6.003
201606 5.128 101.688 6.526
201609 6.277 101.861 7.975
201612 5.288 101.863 6.719
201703 5.247 102.862 6.602
201706 6.686 103.349 8.373
201709 9.307 104.136 11.567
201712 7.654 104.011 9.524
201803 7.632 105.290 9.381
201806 10.031 106.317 12.211
201809 17.335 106.507 21.064
201812 2.222 105.998 2.713
201903 11.203 107.251 13.519
201906 14.128 108.070 16.919
201909 16.269 108.329 19.436
201912 13.563 108.420 16.190
202003 12.087 108.902 14.364
202006 4.479 108.767 5.329
202009 9.061 109.815 10.679
202012 7.945 109.897 9.356
202103 10.847 111.754 12.562
202106 12.271 114.631 13.854
202109 21.932 115.734 24.525
202112 22.815 117.630 25.102
202203 32.414 121.301 34.583
202206 55.019 125.017 56.957
202209 81.540 125.227 84.270
202212 42.368 125.222 43.788
202303 60.519 127.348 61.503
202306 97.161 128.729 97.682
202309 125.702 129.860 125.276
202312 50.551 129.419 50.551

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Turk Hava Yollari AO  (IST:THYAO) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Turk Hava Yollari AO's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=317.00/89.47
=3.54

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Turk Hava Yollari AO was 3.66. The lowest was 0.34. And the median was 0.81.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Turk Hava Yollari AO Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Turk Hava Yollari AO's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Turk Hava Yollari AO (IST:THYAO) Business Description

Industry
Traded in Other Exchanges
Address
Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149
Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.

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