EBITDA calculation dilemma
When deducting cogs from revenue you hypotheses that operating expenses is consisted of depreciation only doesn't that?
1 answers ( 0 marked as helpful)
EBITDA does NOT include D&A. But OPEX does. So, if you deduct OPEX (or SG&A) from Gross Profit, you don't get the EBITDA, but the EBIT.