|
In accounting and finance, earnings before interest and taxes (EBIT), is a measure of a firm's profit that includes all expenses except interest and income tax expenses.〔Bodie, Z., Kane, A. and Marcus, A. J. ''Essentials of Investments'', McGraw Hill Irwin, 2004, p. 452. ISBN 0-07-251077-3〕 It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then operating income is sometimes used as a synonym for EBIT and operating profit.〔http://www.investorwords.com/3460/operating_income.html Operating income definition〕 : EBIT = revenue – operating expenses (OPEX) + non-operating income Operating income = revenue – operating expenses〔 A professional investor contemplating a change to the capital structure of a firm (e.g., through a leveraged buyout) first evaluates a firm's fundamental earnings potential (reflected by earnings before interest, taxes, depreciation and amortization (EBITDA) and EBIT), and then determines the optimal use of debt vs. equity. To calculate EBIT, expenses (e.g. the cost of goods sold, selling and administrative expenses) are subtracted from revenues.〔http://www.investorwords.com/1631/EBIT.html EBIT definition〕 Profit is later obtained by subtracting interest and taxes from the result. == See also == * Earnings before interest, taxes, and amortization (EBITA) * Earnings before interest, taxes, and depreciation (EBITD) * Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) * Earnings before interest, taxes, depreciation, and amortization (EBITDA) * EV/EBITDA * Earnings before taxes * Operating income before depreciation and amortization (OIBDA) 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Earnings before interest and taxes」の詳細全文を読む スポンサード リンク
|