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.
So do Einstein's theories among physicists. Shakespeare's plays and Mozart's melodies and harmonies continue to move people in languages and cultures far removed from their native England and Austria. Contemporary âgeniuses' may come and go, but the idea of genius will not let go of us. Genius is the name we give to a quality of work that transcends fashion, fame, and reputation: the opposite of a period piece. Somehow, genius abolishes both the time and the place of its origin.