ANNSF (Aena SME) EBIT : $3,132 Mil (TTM As of Sep. 2024)

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What is Aena SME EBIT?

Aena SME's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $1,010 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $3,132 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aena SME's annualized ROC % for the quarter that ended in Sep. 2024 was 16.98%. Aena SME's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 30.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aena SME's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 8.31%.

Aena SME EBIT Historical Data

The historical data trend for Aena SME'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.

Aena SME EBIT Chart

Aena SME Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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2,193.11

-156.09

-735.68

1,336.56

2,621.29

Aena SME 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															812.26	809.94	441.95	870.36	1,010.11

Competitive Comparison of Aena SME's EBIT

For the Airports & Air Services subindustry, Aena SME'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.

Aena SME's EV-to-EBIT Distribution in the Transportation Industry

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

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

Aena SME 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 $3,132 Mil.

Aena SME (OTCPK:ANNSF) EBIT Explanation

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

Aena SME'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 )
=	3997.592 * ( 1 - 24.56% )	/	( (17446.248	+	18071.965)	/ 2 )
=	3015.7834048	/	17759.1065
=	16.98 %

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	))
=	17952.282	-	1061.827	-	( 1610.267	-	max(0, 3345.649	-	2789.856	+	1610.267	))
=	17446.248

	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	))
=	19306.576	-	1289.466	-	( 2425.168	-	max(0, 3625.037	-	3570.182	+	2425.168	))
=	18071.965

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

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

Aena SME'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 )
=	4040.432	/	( ( (12900.802 + max(23.292, 0))	+	(13275.987 + max(-209.113, 0)) )	/	2 )
=	4040.432	/	( ( 12924.094	+	13275.987 )	/	2 )
=	4040.432	/	13100.0405
=	30.84 %

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)
=	(1142.361	+	6.509	+	30.719)	-	(1061.827	+	0	+	94.47)
=	23.292

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1118.353	+	7.046	+	19.615)	-	(1289.466	+	0	+	64.661)
=	-209.113

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:

Aena SME's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	3132.345	/	37678.809
	=	8.31 %

Aena SME EBIT Related Terms

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Aena SME Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aena SME SA (OTCPK:ANNSF) » Definitions » EBIT

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Traded in Other Exchanges

ANYYY:USA AENAe:UK 0R4Y:UK AENA:Spain A44:Germany

Address

Calle Peonias, 12, Madrid, ESP, 28042

Website

https://www.aena.es

Aena SME SA is a Spanish airport operator with various airports in Spain, including Madrid and Barcelona, and has stakes in multiple international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. The Group carries out its business activities in the following segments: Airports; Real estate services; Region de Murcia International Airport (AIRM) and International.