Non-operating activities include interest expenses, tax rates, and large non-cash items such as depreciation and amortization. By removing the non-operating effects, EBITDA gives investors the ability to focus on the profitability of their operations.
Thomas Edison once speculated: Genius is one percent inspiration and ninety-nine percent perspiration.
Gertrude Stein (1874-1946) is called a genius, and itâs from that vantage her writing is read â or not read, since awe and reverence are regularly met by dismissal and ridicule. Curiously, not every âgeniusâ is equally suffocated by the label.