NOPLAT vs NOPAT? someone, identify, difference

himanshumh

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

Rasec

Same. The L stands for Loss..

DSquaredSlim

NOPLAT = EBITDA - Dep- Taxes

NOPAT = EBIT(1-T)

They are the same, in my view.

lucasg85

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

genuinecfa

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.

profil

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

Check out Kaplan LOS 41. B for a quick example

yodacaia

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