Aeroflot Russian Airlines PJSC (MIC:AFLT) Operating Income: ₽143,387 Mil (TTM As of Dec. 2023)

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MIC:AFLT Aeroflot Russian Airlines PJSC MIC:AFLT
17 GF Score
Price ₽35.21
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What is Aeroflot Russian Airlines PJSC Operating Income?

Aeroflot Russian Airlines PJSC MIC:AFLT +0.60% 17 Operating Income is ₽143,387 Mil as of Dec. 2023. GuruFocus rates MIC:AFLT with a GF Score™ of 17/100.

Aeroflot Russian Airlines PJSC's Operating Income for the three months ended in Dec. 2023 was ₽67,534 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was ₽143,387 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Aeroflot Russian Airlines PJSC's Operating Income for the three months ended in Dec. 2023 was ₽67,534 Mil. Aeroflot Russian Airlines PJSC's Revenue for the three months ended in Dec. 2023 was ₽171,090 Mil. Therefore, Aeroflot Russian Airlines PJSC's Operating Margin % for the quarter that ended in Dec. 2023 was 39.47%.

Aeroflot Russian Airlines PJSC's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aeroflot Russian Airlines PJSC's annualized ROC % for the quarter that ended in Dec. 2023 was 18.82%. Aeroflot Russian Airlines PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 81.62%.


Aeroflot Russian Airlines PJSC  (MIC:AFLT) Operating Income Explanation

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

Aeroflot Russian Airlines PJSC's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=270136 * ( 1 - 21.83% )/( (1119502 + 1125051)/ 2 )
=211165.3112/1122276.5
=18.82 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

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

Aeroflot Russian Airlines PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=572660/( ( (660033 + max(-44366, 0)) + (743158 + max(-56874, 0)) )/ 2 )
=572660/( ( 660033 + 743158 )/ 2 )
=572660/701595.5
=81.62 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(110522 + 24776 + 28001) - (68262 + 0 + 139403)
=-44366

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(82262 + 31895 + 19519) - (77765 + 0 + 112785)
=-56874

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Aeroflot Russian Airlines PJSC's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=67534/171090
=39.47 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Aeroflot Russian Airlines PJSC Operating Income Related Terms


Aeroflot Russian Airlines PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for Aeroflot Russian Airlines PJSC's Operating Income 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.

Aeroflot Russian Airlines PJSC Operating Income Chart

Aeroflot Russian Airlines PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55,759.00 -86,674.00 -5,363.00 23,387.00 138,094.00

Aeroflot Russian Airlines PJSC Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Operating Income 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 35,785.00 -6,729.00 2,362.00 73,491.00 67,534.00
MIC:AFLT
17GF Score
Aeroflot Russian Airlines PJSC MIC:AFLT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Aeroflot Russian Airlines PJSC Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽143,387 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 Operating Income →
What does a Operating Income of ₽143,387 Mil mean?
Aeroflot Russian Airlines PJSC (MIC:AFLT) has a Operating Income of ₽143,387 Mil as of Dec. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Aeroflot Russian Airlines PJSC and its competitors.
Is Aeroflot Russian Airlines PJSC's Operating Income too high?
Aeroflot Russian Airlines PJSC's current Operating Income is ₽143,387 Mil. Overall, Aeroflot Russian Airlines PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Aeroflot Russian Airlines PJSC's Operating Income compare to DAL and UAL?
Aeroflot Russian Airlines PJSC's Operating Income of ₽143,387 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 Operating Income for a Transportation company?
A good Operating Income depends on the Transportation industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Aeroflot Russian Airlines PJSC and its competitors. Aeroflot Russian Airlines PJSC's current Operating Income is ₽143,387 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeroflot Russian Airlines PJSC stock overvalued right now?
Aeroflot Russian Airlines PJSC (MIC:AFLT) has a current Operating Income of ₽143,387 Mil. The current Operating Income is ₽143,387 Mil. Aeroflot Russian Airlines PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Aeroflot Russian Airlines PJSC (MIC:AFLT), the current Operating Income is ₽143,387 Mil as of Dec. 2023. 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.

Aeroflot Russian Airlines PJSC Business Description

Address 1, Arbat Street, Moscow, RUS, 119019
Aeroflot Russian Airlines PJSC is Russia's airline group, and accounts for approximately one third of Russia's air-travel market. It provides scheduled and chartered flights. Passengers may buy tickets through websites, online booking systems, sales offices, and authorized agents. Domestic routes throughout Russia comprise the majority of total passengers. Additionally, it provides international routes to many different regions. The company's lone operating segment is Air Transportation. Outside of Russia, Europe books the next-highest number of passengers at around one fifth the total amount. The Russian Federation owns roughly half of the company.
17GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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