Net operating profit after tax: Difference between revisions
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Revision as of 14:20, 23 October 2012
(NOPAT). A measure of business profitability which is independent of the chosen capital structure, but which does take account of the taxation of the operating profits.
Often estimated as:
NOPAT = PBIT x (1-T)
where:
PBIT = profit before interest and tax; and T = corporation tax rate.
See also