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- 2011-7-11
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3#
发表于 2011-7-12 16:30
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As a blind rule, cash flows (when not in negative) are always a better measure of comparability than pure Accounting measures like E, BV, EBIT and EBITDA.
When we compare 2 companies internationally, they may be following 2 different accounting principles and accounting measures as such may not be comparable. They would need to be adjusted first. Whereas cash flows would be more comparable than accounting measures. |
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