UTair Aviation JSC (MIC:UTAR) Operating Income: ₽2,271 Mil (TTM As of Jun. 2023)

What is UTair Aviation JSC Operating Income?

UTair Aviation JSC MIC:UTAR +0.25% 17 Operating Income is ₽2,271 Mil as of Jun. 2023. GuruFocus rates MIC:UTAR with a GF Score™ of 17/100.

UTair Aviation JSC's Operating Income for the six months ended in Jun. 2023 was ₽2,271 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was ₽2,271 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. UTair Aviation JSC's Operating Income for the six months ended in Jun. 2023 was ₽2,271 Mil. UTair Aviation JSC's Revenue for the six months ended in Jun. 2023 was ₽43,111 Mil. Therefore, UTair Aviation JSC's Operating Margin % for the quarter that ended in Jun. 2023 was 5.27%.

UTair Aviation JSC'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. UTair Aviation JSC's annualized ROC % for the quarter that ended in Jun. 2023 was 3.91%. UTair Aviation JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 1.50%.

UTair Aviation JSC (MIC:UTAR) Operating Income Explanation

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

UTair Aviation JSC's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	4541.466 * ( 1 - 14.31% )	/	( (0	+	99513.06)	/ 1 )
=	3891.5822154	/	99513.06
=	3.91 %

where

	Invested Capital		(Q: Jun. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Jun. 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	))
=	104673.075	-	10022.479	-	( 9633.468	-	max(0, 34784.136	-	29921.672	+	9633.468	))
=	99513.06

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

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

UTair Aviation JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	963.586	/	( ( (0 + max(0, 0))	+	(64175.273 + max(-2759.458, 0)) )	/	1 )
=	963.586	/	( ( 0	+	64175.273 )	/	1 )
=	963.586	/	64175.273
=	1.50 %

where Working Capital is:

	Working Capital		(Q: Jun. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7053.075	+	4132.723	+	6502.606)	-	(10022.479	+	0	+	10425.383)
=	-2759.458

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

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

UTair Aviation JSC's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	2270.733	/	43110.811
	=	5.27 %

* 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.

UTair Aviation JSC Operating Income Related Terms

UTair Aviation JSC Operating Income Historical Data

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The historical data trend for UTair Aviation JSC's Operating Income can be seen below:

UTair Aviation JSC Operating Income Chart

UTair Aviation JSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Operating Income

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5,885.15

7,739.48

3,746.01

8,296.02

3,670.69

UTair Aviation JSC Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22	Jun23
Operating Income	Get a 7-Day Free Trial															-722.39	4,393.09	2,008.30	5,116.99	2,270.73

17GF Score

UTair Aviation JSC MIC:UTAR

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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UTair Aviation JSC 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₽2,271 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of ₽2,271 Mil mean?

UTair Aviation JSC (MIC:UTAR) has a Operating Income of ₽2,271 Mil as of Jun. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on UTair Aviation JSC and its competitors.

Is UTair Aviation JSC's Operating Income too high?

UTair Aviation JSC's current Operating Income is ₽2,271 Mil. Overall, UTair Aviation JSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does UTair Aviation JSC's Operating Income compare to DAL and LUV?

UTair Aviation JSC's Operating Income of ₽2,271 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 UTair Aviation JSC and its competitors. UTair Aviation JSC's current Operating Income is ₽2,271 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is UTair Aviation JSC stock overvalued right now?

UTair Aviation JSC (MIC:UTAR) has a current Operating Income of ₽2,271 Mil. The current Operating Income is ₽2,271 Mil. UTair Aviation JSC'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 UTair Aviation JSC (MIC:UTAR), the current Operating Income is ₽2,271 Mil as of Jun. 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.

UTair Aviation JSC Business Description

Industry Industrials Transportation

Comparable Companies MIC:AFLT DAL DUB:RYA SHSE:601111 SHSE:600029 LUV SGX:C6L SHSE:600115 NSE:INDIGO UAL IST:THYAO TSE:9202 SHSE:600221 XTER:LHA LSE:IAG TSE:9201 AAL SHSE:601021 HKSE:00293 XKRX:003490

Address Khanty-Mansiysk, Airport, Tyumenoblast, RUS, 628012

Website https://www.utair.ru

UTair Aviation JSC is engaged in the business of passenger and cargo transportation using airplane and helicopter services. It serves primarily Russian oil and gas companies and the United Nations Organisation (UN) outside Russia and offers services such as air transportation, catering, airport services, aircraft repairs, and aeronautical personnel training. UTair operates more than 400 aircraft and its operation is performed in Russia, CIS, and non-CIS countries.

17GF Score

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₽8.17

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