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flyExclusive (flyExclusive) EBIT : $-7.09 Mil (TTM As of Sep. 2023)


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What is flyExclusive EBIT?

flyExclusive's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $0.00 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-7.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. flyExclusive's annualized ROC % for the quarter that ended in Sep. 2023 was 0.00%. flyExclusive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. flyExclusive's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -1.06%.


flyExclusive EBIT Historical Data

The historical data trend for flyExclusive'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.

flyExclusive EBIT Chart

flyExclusive Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
8.66 6.46 4.14 -32.52

flyExclusive Quarterly Data
Dec20 Dec21 Mar22 Dec22 Mar23 Sep23 Dec23
EBIT Get a 7-Day Free Trial -0.56 - -7.09 - -

Competitive Comparison of flyExclusive's EBIT

For the Airlines subindustry, flyExclusive'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.


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

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

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



flyExclusive 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.09 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.


flyExclusive  (AMEX:FLYX) EBIT Explanation

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

flyExclusive's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=0 * ( 1 - 0% )/( (522.59 + 605.638)/ 2 )
=0/564.114
=0.00 %

where

Invested Capital(Q: Sep. 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))
=529.351 - 50.182 - ( 81.413 - max(0, 242.527 - 116.058+81.413))
=605.638

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

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

flyExclusive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0/( ( (313.828 + max(-64.569, 0)) + (343.164 + max(-98.582, 0)) )/ 2 )
=0/( ( 313.828 + 343.164 )/ 2 )
=0/328.496
=0.00 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.794 + 7.46 + 17.562) - (33.94 + 59.771 + 7.674)
=-64.569

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.719 + 6.636 + 21.408) - (50.182 + 76.641 + 0.52199999999999)
=-98.582

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-7.091/666.357
=-1.06 %

* 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.


flyExclusive EBIT Related Terms

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flyExclusive (flyExclusive) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
2860 Jetport Road, Kinston, NC, USA, 28504
flyExclusive Inc is a premier owner and operator of curated private aviation experiences dedicated to surpassing passenger expectations for quality, convenience, and safety. its mission is to be the world's most vertically integrated private aviation company through capital-efficient program growth, an industry-leading pricing model, optimal dispatch availability, in-house training, and a controlled premium customer experience on modernized aircraft. The company had over 90 aircraft in its owned and leased fleet which includes light, midsize, super-midsize, and large jets. As one of the nation's largest Citation operators, it has curated a versatile fleet of Citation CJ3/CJ3 plus, Citation Excel/XLS/XLS plus, Citation Encore/Encore plus, Citation Sovereign, and Citation X aircraft.

flyExclusive (flyExclusive) Headlines

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