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Fixed income: operating income

is operating income EBIT? sometimes I see as: Sale-COGS-S&A-R&D

which is correct? Thanks.

I'm pretty sure NOI = NOP = EBIT; and NOPAT = EBIT(1-t) You use this formula in EVA = NOPAT - $WACC

The other place you see it, is for the income property where MV = NOI/(r-g). Here though, it's more net rental income, then something income sheet related.

I suppose look at the context of the question to determine the use.

The other formula you gave would be missing Depr and amort expense to get to EBIT; however, I don't recall seeing that formula used in reference to anything specific. If you find out more, post it here.

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