Net Operating Profit After Tax or "NOPAT" means the after tax operating earnings of the Company for the Plan Year. NOPAT is determined by adding net sales plus other net income (excluding interest income from operating cash) and subtracting the following: cost of goods sold, selling, general and administrative expenses (excluding goodwill amortization and interest expense), amortization of research and development, taxes (excluding the tax benefit of interest expense) and amounts associated with discontinued operations.
Net Operating Profit After Tax means Operating Income less the tax impact calculated as Operating Income multiplied by the Effective Tax Rate plus Joint Venture Earnings.
Net Operating Profit After Tax. (also referred to as “NOPAT”) means operating income before financing costs and income taxes reduced by income taxes based upon the Company’s effective income tax rate, as calculated for each Participation Pool. The total expenses associated with all of the Company’s incentive plans, including this Plan, are charged to the operating income of the Company prior to the computation of NOPAT.
Examples of Net Operating Profit After Tax in a sentence
Net Operating Profit After Tax (NOPAT) divided by Capital Invested (CI).
Net Operating Profit After Tax and Adjusted Net Assets are non-GAAP measures, which are reconciled to the most directly comparable GAAP measures in our unaudited condensed consolidated interim financial statements under “Non-GAAP Measures”.
Net Operating Profit After Tax is calculated by adding after-tax net finance costs back to net earnings attributable to equity holders of the parent as reported in the consolidated income statements.
Net Operating Profit After Tax and Adjusted Net Assets are non-GAAP measures, which are discussed further under “Non-GAAP Measures” below.
We calculate RONA as Net Operating Profit After Tax divided by Adjusted Net Assets.
More Definitions of Net Operating Profit After Tax
Net Operating Profit After Tax of the Company or a Peer for a calendar year or fiscal year or across the Performance Period, as applicable, means reported operating income, plus other income minus reported tax expense.
Net Operating Profit After Tax or "NOPAT" means the after tax
Net Operating Profit After Tax means, for a Performance Period, the after-tax operating earnings of the Company for the Performance Period adjusted for interest expense and Wang in-process R&D. The Committee is authorized at any time during the first 90 days of a Performance Period, or at any time thereafter in its sole and absolute discretion, to adjust or modify the calculation of Net Operating Profit After Tax for such Performance Period in order to prevent the dilution or enlargement of the rights of Participants, (a) in the event of, or in anticipation of, any dividend or other distribution (whether in the form of cash, securities or other property), recapitalization, restructuring, reorganization, merger, consolidation, spin off, combination, repurchase, share exchange, liquidation, dissolution, or other similar corporate transaction, event or development; (b) in recognition of, or in anticipation of, any other unusual or nonrecurring event affecting the Company, or the financial statements of the Company, or in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles, or business conditions; (c) in recognition of, or in anticipation of, any other extraordinary gains or losses; and (d) in view of the Committee's assessment of the business strategy of the Company, performance of comparable organizations, economic and business conditions, and any other circumstances deemed relevant. However, if and to the extent the exercise of such authority after the first 90 days of a Performance Period would cause the Awards granted to the Covered Employees for the Performance Period to fail to qualify as "Performance-Based Compensation" under Section 162(m) of the Code, then such authority shall only be exercised with respect to those Participants who are not Covered Employees.
Net Operating Profit After Tax or “NOPAT” shall be calculated as follows using each company’s 10-Q quarterly and 10-K annual reports. Net Operating Profit After-Tax = + Gross Profit - SG&A (including R&D) + Goodwill Amortization (if included above) + Restructuring Expenses (if included above) = Operating Income - (Effective Tax Rate X Operating Income)
Net Operating Profit After Tax means, for a Performance Period, the after-tax operating earnings of the Company for the Performance Period adjusted for interest expense and Wang in-process R&D.
Net Operating Profit After Tax means the following:
Net Operating Profit After Tax means the annual operating profit of the Company, as publicly reported, excluding (i) the amortization of sales contracts, (ii) any non-recurring charges associated with the early settlement or termination of Company liabilities, mine closures, or employee separation programs, and as adjusted by the amount of taxes paid or received for such year in cash, and (iii) any impairment charges recorded in conjunction with revaluation of assets as a result of joint ventures or similar transactions with third parties.