Earnings before interest, taxes, depreciation and amortization before exceptiona

请问Earnings before interest, taxes, depreciation and amortization before exceptional items (EBITDA Adjusted)是什么意思？


EBITDA即Earnings before interest, taxes, depreciation and amortization为未计利息、税项、折旧及摊销前的利润；
exceptional items为非经常项目

合在一起，Earnings before interest, taxes, depreciation and amortization before exceptional items这一句该如何翻译？

xinchuzu 发表于 2017-6-13 09:59
除利息、税项、折旧及摊销前盈利

　EBITDA，全称Earnings Before Interest, Tax, Depreciation and Amo ...

但是，加了before exceptional items还是按照这个解释？

EBITDA，全称Earnings Before Interest, Tax, Depreciation and Amortization，即息税折旧摊销前利润，是扣除利息、所得税、折旧、摊销之前的利润

jjff666 发表于 2017-6-13 12:06
EBITDA，全称Earnings Before Interest, Tax, Depreciation and Amortization，即息税折旧摊销前利润，是扣 ...

简写是EBITDA，但是我问的加了before exceptional items

Adjusted EBITDA

Conventional earnings before interest, taxes, depreciation, and amortization (ebitda) revised to exclude the effects of mainly nonrecurring items of revenue or gain and expense or loss.

Earnings before interest, taxes, depreciation and amortization before exceptional items
息税及一般摊销折旧前利润

按照国际会计准则规定，非经常项目也列在利润表里，但是要单独列出排在未计利息、税项、折旧及摊销之后。所以翻译成 ”未计利息、税项、折旧，摊销及非经常项目前利润。

可以参考这里：
http://www.investinganswers.com/financial-dictionary/financial-statement-analysis/earnings-interest-taxes-depreciation-amortization-

24578901 发表于 2017-6-13 10:09
但是，加了before exceptional items还是按照这个解释？

EBITDAE 与 EBITDA有别，并不像EBITDA般常被运用：

以下取自网络（http://www.investinganswers.com/）：

Earnings Before Interest, Taxes, Depreciation, Amortization and Exceptional Items (EBITDAE)

WHAT IT IS:Earnings before interest, taxes, depreciation, amortization and exceptional items (EBITDAE)are a measure of a company's operating performance.


HOW IT WORKS (EXAMPLE):The formula for EBITDAE is:
EBITDAE = EBIT + Depreciation + Amortization + Exceptional Items
Essentially, the EBITDAE provides a way to evaluate a company's performance without having tofactor in financing decisions, accounting decisions, unusual events, or tax environments.

EBITDAE can easily be derived from the company’s income statement and balance sheet.
Let's take a look at a hypothetical income statement for Company XYZ:


We have all the ingredients except for the exceptional items which must be disclosed on the company's balance sheet. Exceptional items are different from "extraordinary items;" extraordinary items are disclosed in the notes to financial statements.

Assume we find $10,000 listed as an exceptional item on the balance sheet. Using the formula above, Company XYZ's EBITDAE is:
EBITDAE = $750,000 + $50,000 + 10,000 = $810,000


WHY IT MATTERS:

EBITDA is one of the operating measures most used by analysts, but EBITDAE is far less popular. EBITDAE does include the direct effects of financing decisions, which makes it easier to compare different companies' operating performance. EBITDAE also removes the effects of unusual events (i.e. exceptional items) that are not normal characteristics of the company.

As a result, EBITDAE allows analysts to focus on the outcome of operating decisions while excluding most of the impacts of non-operating decisions. Such analysis is particularly important when comparing similar companies across a single industry.

EBITDAE, like EBITDA, can also be deceptive when applied incorrectly. It is especially unsuitable for firms saddled with high debt loads or those that must frequently upgrade costly equipment. Furthermore, EBITDAE can be trumpeted by companies with low net income in an effort to "window-dress" their profitability. EBITDAE will almost always be higher than reported net income.

Also, because EBITDAE isn't regulated by GAAP, investors are at the discretion of the company to decide what is, and is not, included in the calculation from one period to the next. Therefore, when analyzing a firm's EBITDAE, it is best to do so in conjunction with other factors such as capitalexpenditures, changes in working capital requirements, debt payments, and, of course, exceptional items.