Add To...

    AIRT  Air T Inc.

    Exchange

    NASDAQ

    Sector

    Transportation

    Industry

    Air Freight/Delivery Services

    Market Cap.

    24.6M

    Inconsistent Cash Return on Invested Capital over the past 5 years

    AIRT has somewhat efficiently invested its financial resources in buildings, projects, and equipment. However, there has been some inconsistency from year-to-year. Look at reasons for this inconsistency to determine the likelihood of future sustainability.

    AIRT has created $12.57 of cash for every $100 invested.
    Figures in USD. Fiscal year ends in March
    20082009201020112012
    Free Cash Flow -200,684.00 6.64M 5.38M -4.77M -249,516.00
    divided by
    Invested Capital 16.93M 13.92M 12.88M 19.67M 21.30M
    Cash ROIC -1.19% 47.69% 41.79% -24.26% -1.17%

    Shrinking Return on Equity over the past 5 years

    AIRT has been shrinking returns with capital that shareholders have invested. This is a negative sign and demonstrates that both the business and management performance are weakening over time.

    AIRT has generated $13.51 of Earnings for every $100 of Shareholders' Equity.
    Figures in USD. Fiscal year ends in March
    20082009201020112012
    Net Income 3.40M 4.38M 3.76M 2.14M 1.35M
    divided by
    Stockholders' Equity 17.71M 21.75M 24.90M 26.24M 27.05M
    Return on Equity 19.21% 20.13% 15.09% 8.15% 4.99%

    Good Business Performance over the past 10 years

    It's likely AIRT has been unable to maintain profitability in tough economic times, making it a somewhat cyclical business. The other possibility is AIRT has expended significant capital on items such as property, plant and equipment in specific years. Look for correlations.

    AIRT has created positive free cash flow for 7 or 8 of the past 10 years.
    Figures in USD. Fiscal year ends in March
    2003200420052006200720082009201020112012
    Free Cash Flow 2.18M 944,541.00 2.88M 167,871.00 2.26M -200,684.00 6.64M 5.38M -4.77M -249,516.00