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Aegean Airlines (STU:32A) EBIT : €269 Mil (TTM As of Jun. 2024)


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What is Aegean Airlines EBIT?

Aegean Airlines's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €269 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aegean Airlines's annualized ROC % for the quarter that ended in Jun. 2024 was 4.03%. Aegean Airlines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aegean Airlines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 16.85%.


Aegean Airlines EBIT Historical Data

The historical data trend for Aegean Airlines'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.

Aegean Airlines EBIT Chart

Aegean Airlines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 129.76 -267.94 21.32 183.64 281.06

Aegean Airlines 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 -15.99 199.62 80.77 200.29 68.91

Competitive Comparison of Aegean Airlines's EBIT

For the Airlines subindustry, Aegean Airlines'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.


Aegean Airlines's EV-to-EBIT Distribution in the Transportation Industry

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

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



Aegean Airlines 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 €269 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.


Aegean Airlines  (STU:32A) EBIT Explanation

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

Aegean Airlines'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 )
=126.822 * ( 1 - 27.7% )/( (2095.492 + 2456.307)/ 2 )
=91.692306/2275.8995
=4.03 %

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))
=2412.667 - 261.331 - ( 698.183 - max(0, 871.15 - 926.994+698.183))
=2095.492

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))
=2794.492 - 326.813 - ( 785.55 - max(0, 1089.738 - 1101.11+785.55))
=2456.307

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:

Aegean Airlines'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 )
=137.828/( ( (1309.588 + max(-570.52, 0)) + (1472.859 + max(-718.383, 0)) )/ 2 )
=137.828/( ( 1309.588 + 1472.859 )/ 2 )
=137.828/1391.2235
=9.91 %

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)
=(60.624 + 40.277 + 81.29) - (261.331 + 0 + 491.38)
=-570.52

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(98.263 + 44.488 + 101.216) - (326.813 + 0 + 635.537)
=-718.383

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:

Aegean Airlines's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=269.202/1597.188
=16.85 %

* 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.


Aegean Airlines EBIT Related Terms

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Aegean Airlines Business Description

Traded in Other Exchanges
Address
Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019
Aegean Airlines SA is Greece's airline provider. The company generates revenue from Scheduled flights, Chartered flights, and others. The company generates maximum revenue from Scheduled flights. Additionally, it offers services related to air transportation, technical support, and ground-handling amenities. Approximately half of total passenger traffic derives from routes within Greece.

Aegean Airlines Headlines

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