Concepts on this page
Open a concept for Chinese, Japanese and English terms and an explanation.
Mergers and acquisitions M&AView details
- 中文
- 并购
- 日本語
- 合併・買収
- English
- Mergers and acquisitions (M&A)
Combining or acquiring businesses. Finance 04 covers preliminary screening, not a final transaction or valuation decision.
In this lesson：First screen for the candidates worth researching further, then start due diligence.
RevenueView details
- 中文
- 收入
- 日本語
- 売上高
- English
- Revenue
Revenue recognized from sales of goods or services; payment may still be outstanding.
ProfitView details
- 中文
- 利润
- 日本語
- 利益
- English
- Profit
Revenue less the corresponding expenses over a period. These simplified lessons omit interest and income tax; profit is not always equivalent to EBIT.
Profit marginView details
- 中文
- 利润率
- 日本語
- 利益率
- English
- Profit margin
A specified measure of profit divided by revenue. Match periods and definitions before comparing gross, EBITDA or net margins.
In this lesson：Before comparing companies’ gross, EBITDA and net margins, check which costs each one deducts.
Earnings before interest, taxes, depreciation and amortization EBITDAView details
- 中文
- 息税折旧摊销前利润
- 日本語
- 利払前・税引前・減価償却前利益
- English
- Earnings before interest, taxes, depreciation and amortization (EBITDA)
EBIT with depreciation and amortization added back. It is not cash flow: collection timing, inventory and capital spending still affect cash.
Financial leverageView details
- 中文
- 财务杠杆
- 日本語
- 財務レバレッジ
- English
- Financial leverage
Using debt financing can magnify returns and adds repayment obligations. State which debt measure is used.
Capital expenditure CapExView details
- 中文
- 资本性支出
- 日本語
- 資本的支出
- English
- Capital expenditure (CapEx)
Spending to acquire or improve long-lived assets. Payment affects cash, while cost is generally allocated over use through depreciation or amortization.