GLUX (Great Lakes Aviation) EBIT: $-6.13 Mil (TTM As of Sep. 2015)


What is Great Lakes Aviation EBIT?

Great Lakes Aviation GLUX EBIT is $-6.13 Mil as of Sep. 2015.

Great Lakes Aviation's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2015 was $-1.11 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $-6.13 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Great Lakes Aviation's annualized ROC % for the quarter that ended in Sep. 2015 was -6.13%. Great Lakes Aviation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 was -9.30%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Great Lakes Aviation  (OTCPK:GLUX) EBIT Explanation

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

Great Lakes Aviation's annualized ROC % for the quarter that ended in Sep. 2015 is calculated as:

ROC % (Q: Sep. 2015 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2015 ) + Invested Capital (Q: Sep. 2015 ))/ count )
=-4.448 * ( 1 - 0% )/( (72.377 + 72.663)/ 2 )
=-4.448/72.52
=-6.13 %

where

Invested Capital(Q: Jun. 2015 )
=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))
=59.113 - 2.549 - ( 0.555 - max(0, 31.101 - 15.288+0.555))
=72.377

Invested Capital(Q: Sep. 2015 )
=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))
=58.592 - 2.979 - ( 0.922 - max(0, 32.857 - 15.807+0.922))
=72.663

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data.

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

Great Lakes Aviation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2015 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2015 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2015  Q: Sep. 2015
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.448/( ( (42.458 + max(6.109, 0)) + (41.414 + max(5.689, 0)) )/ 2 )
=-4.448/( ( 48.567 + 47.103 )/ 2 )
=-4.448/47.835
=-9.30 %

where Working Capital is:

Working Capital(Q: Jun. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 6.229 + 4.481) - (2.549 + 0.817 + 1.235)
=6.109

Working Capital(Q: Sep. 2015 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 6.383 + 4.663) - (2.979 + 1.116 + 1.262)
=5.689

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

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

Great Lakes Aviation's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2015 )
=-6.131/0.000
= %

* 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.

Great Lakes Aviation EBIT Related Terms

Great Lakes Aviation EBIT Historical Data

* Premium members only.

The historical data trend for Great Lakes Aviation'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.

Great Lakes Aviation EBIT Chart

Great Lakes Aviation Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.64 20.02 9.42 3.77 -6.85

Great Lakes Aviation Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 0.89 -0.58 -1.15 -3.29 -1.11

GLUX vs MESA: EBIT Comparison

For the Airlines subindustry, Great Lakes Aviation'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.

Great Lakes Aviation EV-to-EBIT vs Transportation Industry

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

* The bar in red indicates where Great Lakes Aviation's EV-to-EBIT falls into.


Great Lakes Aviation 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.13 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-6.13 Mil mean?
Great Lakes Aviation (GLUX) has a EBIT of $-6.13 Mil as of Sep. 2015. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Great Lakes Aviation.
Is Great Lakes Aviation's EBIT too high?
Great Lakes Aviation's current EBIT is $-6.13 Mil.
How does Great Lakes Aviation's EBIT compare to MESA?
Great Lakes Aviation's EBIT of $-6.13 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Great Lakes Aviation. Great Lakes Aviation's current EBIT is $-6.13 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Lakes Aviation stock overvalued right now?
Great Lakes Aviation (GLUX) has a current EBIT of $-6.13 Mil. The current EBIT is $-6.13 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Great Lakes Aviation (GLUX), the current EBIT is $-6.13 Mil as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Great Lakes Aviation Business Description

Address 1022 Airport Parkway, Cheyenne, WY, USA, 82001
Great Lakes Aviation Ltd is the United States based regional airline operating as an independent carrier.