ACDVF (Air Canada) EBIT : $1,570 Mil (TTM As of Sep. 2024)

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What is Air Canada EBIT?

Air Canada's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $788 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $1,570 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Air Canada's annualized ROC % for the quarter that ended in Sep. 2024 was 33.01%. Air Canada's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 35.01%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Air Canada's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 17.16%.

Air Canada EBIT Historical Data

The historical data trend for Air Canada'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.

Air Canada EBIT Chart

Air Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,712.36

-3,296.12

-2,532.03

-462.28

2,341.98

Air Canada Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															1,149.21	252.68	107.12	421.74	788.43

Competitive Comparison of Air Canada's EBIT

For the Airlines subindustry, Air Canada'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.

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

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

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

Air Canada 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,570 Mil.

Air Canada (OTCPK:ACDVF) EBIT Explanation

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

Air Canada's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	3071.016 * ( 1 - -126.87% )	/	( (20906.237	+	21301.491)	/ 2 )
=	6967.2139992	/	21103.864
=	33.01 %

where

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	22143.013	-	2581.54	-	( 5933.601	-	max(0, 8809.923	-	7465.159	+	5933.601	))
=	20906.237

	Invested Capital		(Q: Sep. 2024 )
=	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	))
=	23251.144	-	2590.433	-	( 6186.328	-	max(0, 8213.495	-	7572.715	+	6186.328	))
=	21301.491

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Air Canada's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3153.7	/	( ( (8912.806 + max(-6097.044, 0))	+	(9103.794 + max(-5607.56, 0)) )	/	2 )
=	3153.7	/	( ( 8912.806	+	9103.794 )	/	2 )
=	3153.7	/	9008.3
=	35.01 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(922.291	+	290.405	+	318.862)	-	(2581.54	+	5047.063	+	-0.00099999999838474)
=	-6097.044

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(868.153	+	267.976	+	250.258)	-	(2590.433	+	4403.514	+	1.8189894035459E-12)
=	-5607.56

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	1569.974	/	9148.064
	=	17.16 %

Air Canada EBIT Related Terms

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Air Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Canada (OTCPK:ACDVF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0SE9:UK ADH2:Germany AC:Canada ADH2:Bulgaria

Address

7373 Cote Vertu Boulevard West, Air Canada Centre, Saint-Laurent, QC, CAN, H4S 1Z3

Website

https://www.aircanada.com

Air Canada is Canada's largest airline, serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth-freedom airline, which flies many US-based passengers on long-haul trips with a layover in Canada.