标题: Fixed income: operating income [打印本页] 作者: dvilayphet 时间: 2011-7-13 13:28 标题: Fixed income: operating income
is operating income EBIT? sometimes I see as: Sale-COGS-S&A-R&D
which is correct? Thanks.作者: kickthatcfa 时间: 2011-7-13 13:28
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.
