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AerSale (AerSale) EBIT : $-5.3 Mil (TTM As of Mar. 2024)


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What is AerSale EBIT?

AerSale's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $4.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AerSale's annualized ROC % for the quarter that ended in Mar. 2024 was 3.78%. AerSale's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AerSale's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.07%.


AerSale EBIT Historical Data

The historical data trend for AerSale'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.

AerSale EBIT Chart

AerSale Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 22.67 9.85 56.66 55.05 -10.77

AerSale Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.83 -6.96 -1.93 -1.05 4.66

Competitive Comparison of AerSale's EBIT

For the Airports & Air Services subindustry, AerSale'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.


AerSale's EV-to-EBIT Distribution in the Transportation Industry

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

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



AerSale 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.3 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.


AerSale  (NAS:ASLE) EBIT Explanation

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

AerSale's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=18.652 * ( 1 - -6.82% )/( (514.929 + 539.528)/ 2 )
=19.9240664/527.2285
=3.78 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

AerSale's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=18.652/( ( (81.686 + max(217.431, 0)) + (79.956 + max(249.297, 0)) )/ 2 )
=18.652/( ( 299.117 + 329.253 )/ 2 )
=18.652/314.185
=5.94 %

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)
=(31.239 + 177.77 + 48.264) - (33.136 + 4.465 + 2.241)
=217.431

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(30.057 + 203.652 + 50.4) - (29.529 + 2.814 + 2.469)
=249.297

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-5.274/493.571
=-1.07 %

* 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.


AerSale EBIT Related Terms

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AerSale (AerSale) Business Description

Traded in Other Exchanges
N/A
Address
255 Alhambra Circle, Suite 435, Coral Gables, FL, USA, 33134
AerSale Corp is an integrated, diversified global leader in aviation aftermarket products and services. It specializes in the sale, lease, and exchange of used aircraft, engines, and components, in addition to providing a broad range of maintenance, repair, and overhaul, and engineering services for commercial aircraft and components. The company operating segment includes Asset Management Solutions and TechOps. It generates maximum revenue from the Asset Management Solutions segment.
Executives
Michael Kirton director, 10 percent owner 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Green Equity Investors Cf, L.p. director, 10 percent owner 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Frederick Craig Wright officer: See Remarks C/O AERSALE CORPORATION, 121 ALHAMBRA PLAZA, SUITE 1700, CORAL GABLES FL 33134
Benjamin Thomas Tschirhart officer: See Remarks 255 ALHAMBRA CIRCLE, SUITE 435, CORAL GABLES FL 33134
Nicholas Finazzo director, officer: See Remarks C/O AERSALE CORPORATION, 255 ALHAMBRA CIRCLE, SUITE 435, CORAL GABLES FL 33134
James Fry officer: See Remarks YRC WORLDWIDE, INC., 10990 ROE AVENUE, OVERLAND PARK KS 66211
Basil Barimo officer: See Remarks C/O AERSALE CORPORATION, 121 ALHAMBRA PLAZA, SUITE 1700, CORAL GABLES FL 33134
Martin Garmendia officer: See Remarks C/O AERSALE CORPORATION, 121 ALHAMBRA PLAZA, SUITE 1700, CORAL GABLES FL 33134
Andrew C Levy director 8360 S. DURANGO DRIVE, LAS VEGAS NV 89113
Judith Ann Fedder director 1843 CHEROKEE ROSE CIRCLE, MT PLEASANT SC 29466
Charles P Mcdonald officer: See Remarks HLH BUILDING, 101 WORLD DRIVE, PEACHTREE CITY GA 30269
Gei Capital Cf, Llc director, 10 percent owner 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Lgp Associates Cf, Llc director, 10 percent owner 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Green Equity Investors Side Cf, L.p. director, 10 percent owner 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Claude Robert Kehler director C/O MONOCLE ACQUISITION CORPORATION, 750 LEXINGTON AVENUE, SUITE 1501, NEW YORK NY 10022