MNGA (MNG Havayollari ve Tasimacilik AS) EBIT: $19.57 Mil (TTM As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS EBIT?

MNG Havayollari ve Tasimacilik AS MNGA EBIT is $19.57 Mil as of Dec. 2022.

MNG Havayollari ve Tasimacilik AS's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $19.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $19.57 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MNG Havayollari ve Tasimacilik AS's annualized ROC % for the quarter that ended in Dec. 2022 was 29.78%. MNG Havayollari ve Tasimacilik AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 35.43%.

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

MNG Havayollari ve Tasimacilik AS  (NYSE:MNGA) EBIT Explanation

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

MNG Havayollari ve Tasimacilik AS's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

ROC % (Q: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2022 ) + Invested Capital (Q: Dec. 2022 ))/ count )
=90.972 * ( 1 - 0% )/( (296.952 + 313.99)/ 2 )
=90.972/305.471
=29.78 %

where

Invested Capital(Q: Sep. 2022 )
=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))
=356.639 - 42.452 - ( 17.235 - max(0, 79.991 - 102.049+17.235))
=296.952

Invested Capital(Q: Dec. 2022 )
=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))
=363.927 - 42.725 - ( 24.973 - max(0, 74.959 - 82.171+24.973))
=313.99

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

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

MNG Havayollari ve Tasimacilik AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2022  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=78.272/( ( (219.682 + max(-21.34, 0)) + (222.107 + max(-16.055, 0)) )/ 2 )
=78.272/( ( 219.682 + 222.107 )/ 2 )
=78.272/220.8945
=35.43 %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.478 + 4.771 + 2.871) - (42.452 + 0 + 4.008)
=-21.34

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.581 + 4.464 + 6.804) - (42.725 + 0 + 4.179)
=-16.055

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

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

MNG Havayollari ve Tasimacilik AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2022 )
=19.568/0.000
= %

* 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.

MNG Havayollari ve Tasimacilik AS EBIT Related Terms

MNG Havayollari ve Tasimacilik AS EBIT Historical Data

* Premium members only.

The historical data trend for MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS EBIT Chart

MNG Havayollari ve Tasimacilik AS Annual Data
Trend Dec20 Dec21 Dec22
EBIT
63.94 71.53 75.50

MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20 Dec21 Sep22 Dec22
EBIT 0.00 20.10 0.00 19.57

MNGA vs : EBIT Comparison

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's EV-to-EBIT falls into.


MNG Havayollari ve Tasimacilik AS 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $19.57 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 $19.57 Mil mean?
MNG Havayollari ve Tasimacilik AS (MNGA) has a EBIT of $19.57 Mil as of Dec. 2022. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MNG Havayollari ve Tasimacilik AS.
Is MNG Havayollari ve Tasimacilik AS's EBIT too high?
MNG Havayollari ve Tasimacilik AS's current EBIT is $19.57 Mil.
How does MNG Havayollari ve Tasimacilik AS's EBIT compare to ?
MNG Havayollari ve Tasimacilik AS's EBIT of $19.57 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 MNG Havayollari ve Tasimacilik AS. MNG Havayollari ve Tasimacilik AS's current EBIT is $19.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current EBIT of $19.57 Mil. The current EBIT is $19.57 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 MNG Havayollari ve Tasimacilik AS (MNGA), the current EBIT is $19.57 Mil as of Dec. 2022. 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.

MNG Havayollari ve Tasimacilik AS Business Description

Comparable Companies
Address WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.