NOPLAT vs NOPAT?

someone, identify, difference

They look the same. Can someone identify what the difference is?

yodacaia

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7^#

发表于 2011-7-13 16:18 | 只看该作者

NOPLAT is for LESS ADJUSTED TAXES

This comes into play when your NCC (non-cash charges) include deferred taxes. These taxes were not actually paid out, thus it's an add-back. If there are no deferred taxes, then NOPAT = NOPLAT

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发表于 2011-7-13 16:18 | 只看该作者

I believe NOPLAT is used when adjusting taxes for companies in inflationary markets

Check out Kaplan LOS 41. B for a quick example

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lucasg85

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发表于 2011-7-13 16:18 | 只看该作者

Yes, I initlaly thought I had written it down wrong...then I thought it was a CFAI typo then I realized...who cares they are the same thing

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genuinecfa

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发表于 2011-7-13 16:18 | 只看该作者

no, the L does not stand for loss, it stands for "less".

NOPLAT = net operating profit less adjusted tax
NOPAT = net operating profit after tax

so if adjusted tax = tax, then they are the same.

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Rasec