NOPLAT vs NOPAT?

NOPLAT = EBITDA - Dep- Taxes
NOPAT = EBIT(1-T)
They are the same, in my view.
 
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
 
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.
 
I believe NOPLAT is used when adjusting taxes for companies in inflationary markets
Check out Kaplan LOS 41. B for a quick example
 
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
 
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