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In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
ACC Aviation Holdings does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
The historical rank and industry rank for ACC Aviation Holdings's Owner Earnings per Share (TTM) or its related term are showing as below:
ACC Aviation Holdings's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2023 was $0.00. It's PE Ratio ratio for today is N/A.
ACC Aviation Holdings's EPS without NRI for the three months ended in Sep. 2023 was $0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2023 was $0.00. It's PE Ratio without NRI ratio for today is N/A.
The historical data trend for ACC Aviation Holdings's Owner Earnings per Share (TTM) 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.
ACC Aviation Holdings Annual Data | |||||||||||||||||||||
Trend | Dec02 | Dec03 | Dec04 | Dec05 | Dec06 | Dec07 | Dec08 | Dec17 | Dec18 | Dec19 | |||||||||||
Owner Earnings per Share (TTM) | Get a 7-Day Free Trial | -129.70 | -61.76 | -0.01 | -0.33 | - |
ACC Aviation Holdings Quarterly Data | ||||||||||||||||||||
Jun08 | Sep08 | Dec08 | Mar09 | Jun09 | Sep09 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Sep22 | Sep23 | |
Owner Earnings per Share (TTM) | Get a 7-Day Free Trial | - | - | - | - | - |
For the Shell Companies subindustry, ACC Aviation Holdings's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
For the Diversified Financial Services industry and Financial Services sector, ACC Aviation Holdings's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where ACC Aviation Holdings's Price-to-Owner-Earnings falls into.
In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
To make it simple, then you will have:
Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)
ACC Aviation Holdings does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.
Be Aware
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Thank you for viewing the detailed overview of ACC Aviation Holdings's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.
Shai Marco Cohen | 10 percent owner | 5509 WINDMIER CIRCLE, DALLAS TX 75252 |
Mnsco, Llc | 10 percent owner | 1 BEN GURION ST., B.S.R. TOWER 2, BUEI BRAK L3 5120149 |
Oded Gilboa | officer: Chief Financial Officer | 23 AKIVA STREET, #14, RAANANA L3 4326103 |
Michael D Greenfield | director | P O B 12526, HERZLIYA PILEACH L3 46733 |
Pete Mateja | officer: CEO | 207 PIAGET AVENUE, CLIFTON NJ 07011 |
Joseph Bahat | director | 2 HABAAL-SHEM-TOV STREET, HERZLIA L3 46342 |
Jacob Enoch | director | #4 SHNITZER SHMUEL ST, TEL-AVIV L3 695 |
Edward Braniff | officer: Interim CEO & CFO | 207 PIAGET AVENUE, CLIFTON NJ 07011 |
Jerome Chaney | officer: CEO and President | 207 PIAGET AVENUE, CLIFTON NJ 07011 |
Aharon Y Levinas | director, officer: Chief Technology Officer | 8 04 ARNOT PLACE, FAIR LOAN NJ 07410 |
Tamir Levinas | director | 60 12 MAZE STREET, TEL AVIV L3 65789 |
Robert Lubin | director | TEL AVIV, TEL AVIV L3 00000 |
Amir Uziel | director, 10 percent owner, officer: President and CEO | RISHON LEZION, RISHON LEZION L3 75749 |
Adam Jacob Somer | director, officer: Treasurer | 2753 BROADWAY 197, NEW YORK NY 10025 |
Matthew Haney | director | 1368 S ALPINE LOOP, PROVO UT 84606 |
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