.
() |
CF .
OCF = EBIT + DA T | CFE= div (E1 E0) |
+ | + |
ICF = (FA1 FA0) + DA | CFD = I (D1 D0) |
- | |
∆NWC = NWC1 NWC0 | |
= | = |
FCF or CFA | CFE+ CFD |
- OCF = EBIT +DA T
EBIT (Earnings Before Interest & Taxes)
EBIT = S TC, S = TR = Q * P
DA ( ??? )
OCF = EBITDA T = NOPAT + DA
NOPAT (Net Operating Profit After Taxes)
, ,
,
- ICF = (FA1 FA0) + DA
FA1, FA0 (fixed assets)
- ∆NWC = NWC1 NWC0
NWC (Net Working Capital) = OA CL,
- OA (Operating Assets) -
- CL (Current liabilities)
- CFA = OCF ICF - ∆NWC
- - CFE = div (E1 E0)
div -
E1, E0 -
- - CFD = I (D1 D0)
I- ,
D1, D0
CFA = OCF ICF - ∆NWC = CFE + CFD
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