is the way how to find the EBIT.
EBIT=Operating Revenue-Operating Expense+Non operating Income
PepsiCo has consistent growth of EBIT for 10 years except for 2000 & 2008. Both two cases decreased in EBIT without the decrease in Revenue. In 2008, Bottling equity income and Interest income were less than those of 2007. Moreover, Interest expense of 2008 is more than that of 2007. The reason o
is developing and manufacturing bio-medicine. In that area, the no.1 skill which Celltrion has is ‘bio-similar’. Bio-similar is a variant of a biopharmaceutical that is marketed following the expiry of the original patent. It means that bio-similar copied original medicine’s quality, effect and safety. Also as bio-similar copied original one, its price is much cheaper than the origin. Bio m
is almost 2 times bigger than GAP’s Gross profit margin on average. These figures have maintained constantly for several years.
Operating Income Margin Calculation
Earnings Before Interest and Tax / Sales
Abercrombie 2006 2007 2008
658,090 / 3,318,158 740,497 / 3,749,847 439,386 / 3,540,276
0.19832 0.19747 0.12411
GAP 2006 2007 2008
1,225 / 15,923 1,315 / 15,763 1,548 / 14,526
is much higher than developed country. And in that country, the number of mobile phone and internet user is extending explosively. These make new business opportunity to Google. To seize these attractive emerging market, Google has to compete with local brand in that country, and to beat that local brand Google needs localization.
2.4 Media challenge
In these days, the boundaries between off-
a part of operating capital
EBIT
Earnings before interest and taxes
EBIT = operating income + Non-operating income
Operating income = Revenue – Operating expenses
operating expenses = Cost of Goods Sold + Selling, general and administrative expenses
Non-operating income = business outside benefit - business outside expense
Ability to earn cash, when the depreciations are low.