Atlas Air Worldwide Holdings (Atlas Air Worldwide Holdings) EBIT : $531 Mil (TTM As of Dec. 2022)

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What is Atlas Air Worldwide Holdings EBIT?

Atlas Air Worldwide Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2022 was $183 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2022 was $531 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atlas Air Worldwide Holdings's annualized ROC % for the quarter that ended in Dec. 2022 was 9.94%. Atlas Air Worldwide Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 14.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Atlas Air Worldwide Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 11.45%.

Atlas Air Worldwide Holdings EBIT Historical Data

The historical data trend for Atlas Air Worldwide Holdings'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.

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Atlas Air Worldwide Holdings EBIT Chart

Atlas Air Worldwide Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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424.03

-354.70

610.45

746.57

530.65

Atlas Air Worldwide Holdings Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
EBIT	Get a 7-Day Free Trial															256.73	122.25	131.49	94.32	182.58

Competitive Comparison of Atlas Air Worldwide Holdings's EBIT

For the Airports & Air Services subindustry, Atlas Air Worldwide Holdings'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.

Atlas Air Worldwide Holdings's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Atlas Air Worldwide Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Atlas Air Worldwide Holdings's EV-to-EBIT falls into.

Atlas Air Worldwide Holdings 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 $531 Mil.

Atlas Air Worldwide Holdings (NAS:AAWW) EBIT Explanation

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

Atlas Air Worldwide Holdings'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 )
=	786.212 * ( 1 - 22.65% )	/	( (6024.733	+	6207.136)	/ 2 )
=	608.134982	/	6115.9345
=	9.94 %

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	))
=	6242.731	-	543.511	-	( 465.499	-	max(0, 1157.413	-	831.9	+	465.499	))
=	6024.733

	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	))
=	6696.316	-	535.545	-	( 763.314	-	max(0, 1171.283	-	1124.918	+	763.314	))
=	6207.136

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

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

Atlas Air Worldwide Holdings'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 )
=	730.304	/	( ( (5045.041 + max(-339.149, 0))	+	(5225.24 + max(-318.808, 0)) )	/	2 )
=	730.304	/	( ( 5045.041	+	5225.24 )	/	2 )
=	730.304	/	5135.1405
=	14.22 %

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)
=	(259.663	+	0	+	106.738)	-	(543.511	+	61.976	+	100.063)
=	-339.149

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(253.738	+	0	+	107.866)	-	(535.545	+	52.735	+	92.132)
=	-318.808

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:

Atlas Air Worldwide Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2022 )
	=	530.645	/	4634.598
	=	11.45 %

Atlas Air Worldwide Holdings EBIT Related Terms

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Atlas Air Worldwide Holdings (Atlas Air Worldwide Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Atlas Air Worldwide Holdings Inc (NAS:AAWW) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

2000 Westchester Avenue, Purchase, NY, USA, 10577-2543

Website

https://www.atlasairworldwide.com

Atlas Air Worldwide Holdings Inc is a provider of outsourced aircraft and aviation operating services and the outsourced airfreight provider in the world. Company operates a fleet of 747 freighters and provides customers with a broad array of 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations. The company has operations in Africa, Asia, Australia, Europe, the Middle East, North America and South America. The company's business is organized into two operating segments based on service offerings: 1) Airline Operations include providing cargo aircraft outsourcing services to customers on an ACMI, CMI and Charter basis. 2) Dry Leasing business provides aircraft and engines to customers, including CMI customers, for a fixed monthly amount.

Executives

John W Dietrich	officer: SVP/Gen Cnsl/Secretary, other: Chf. HR Off
Walter G Borst	director	2701 NAVISTAR DRIVE, LISLE IL 60532
Raymond L. Conner	director	ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188
George Willis	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Adam Richard Kokas	officer: Sr. V.P., Gen. Counsel & Secy.	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Michael Steen	officer: SVP & Chief Marketing Officer	2000 WESTCHESTER AVENUE, PURCHASE NY 10577
John K Wulff	director	C/O HERCULES INC, 1313 NORTH MARKET STREET, WILMINGTON DE 19894-0001
Keith H. Mayer	officer: Vice President & Controller	ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Duncan J. Mcnabb	director	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Sheila A Stamps	director	C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039
James Anthony Forbes	officer: EVP & COO	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Carol J Zierhoffer	director	100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022
Beverly K. Goulet,	director	10990 ROE AVENUE, OVERLAND PARK KS 66211
William J Flynn	director, officer: Pres. & CEO	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577
Spencer Schwartz	officer: Vice President & Controller	C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577