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Auckland International Airport (NZSE:AIA) EBIT : NZ$415.7 Mil (TTM As of Jun. 2024)


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What is Auckland International Airport EBIT?

Auckland International Airport's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was NZ$212.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was NZ$415.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Auckland International Airport's annualized ROC % for the quarter that ended in Jun. 2024 was -2.17%. Auckland International Airport's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 5.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Auckland International Airport's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 2.54%.

Auckland International Airport EBIT Historical Data

The historical data trend for Auckland International Airport'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.

Auckland International Airport EBIT Chart

Auckland International Airport Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 269.20 587.20 223.30 106.90 415.70

Auckland International Airport Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 103.20 29.20 77.70 203.20 212.50

Competitive Comparison of Auckland International Airport's EBIT

For the Airports & Air Services subindustry, Auckland International Airport'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.

Auckland International Airport's EV-to-EBIT Distribution in the Transportation Industry

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

* The bar in red indicates where Auckland International Airport's EV-to-EBIT falls into.


Auckland International Airport 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$415.7 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.

Auckland International Airport  (NZSE:AIA) EBIT Explanation

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

Auckland International Airport's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=399.8 * ( 1 - 165.36% )/( (11586 + 12473.9)/ 2 )
=-261.30928/12029.95
=-2.17 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=11343.5 - 168.1 - ( 57.9 - max(0, 567.1 - 156.5+57.9))
=11586

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))
=12416.2 - 205 - ( 219.7 - max(0, 565.9 - 303.2+219.7))
=12473.9

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

Auckland International Airport's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=425/( ( (7949.5 + max(-101.7, 0)) + (8755 + max(-251.7, 0)) )/ 2 )
=425/( ( 7949.5 + 8755 )/ 2 )
=425/8352.25
=5.09 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(97.3 + 0 + 1.3) - (168.1 + 25.1 + 7.1)
=-101.7

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.7 + 0 + 14.1) - (205 + 65.4 + 14.1)
=-251.7

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

Auckland International Airport's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=415.7/16338.799
=2.54 %

* 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.

Auckland International Airport EBIT Related Terms

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Auckland International Airport Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Auckland International Airport Ltd (NZSE:AIA) » Definitions » EBIT
Comparable Companies
ASX:VLS ASX:GLB ASX:GNG ASX:SRV ASX:SDI ASX:IGL ASX:AFL ASX:ACF ASX:MAM ASX:AMO XMAD:AENA BKK:AOT SHSE:600009 XPAR:ADP HSTC:ACV BOM:532754 MEX:GAPB MEX:ASURB XSWX:FHZN JOBY
Traded in Other Exchanges
AUKNY:USA ACKDF:USA BZTA:Germany AIA:Australia
Address
4 Leonard Isitt Drive, Auckland Airport Business District, Manukau, NTL, NZL, 2022
Website
https://www.aucklandairport.co.nz
Auckland Airport is New Zealand's largest airport, handling about 75% of the country's international arrivals and departures. It owns over 1,500 hectares of land, and hosts unregulated ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities are set to materially expand capacity over the next decade. The airport also has a 25% stake in the small, but fast-growing Queenstown airport on New Zealand's South Island.