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
ROIC is calculated as Parker’s expected Net Operating Profit After Tax attributable to Meggitt, including the after-tax impact of expected synergies and costs to achieve, divided by the US GAAP Enterprise Value set out under paragraph 4.
The Common Grant Rules expressly prohibits the use of the percentage of construction cost method of contracting.
Net Operating Profit After Tax minus Year-to-Year change in Net Capital.
Overall WGC performance will be measured by Return on Capital (ROC), which is defined as NOPAT (Net Operating Profit After Tax) divided by Total Capital Employed (NOPAT and Total Capital Employed are defined in Appendix I).
Economic Profit is defined as Net Operating Profit After Tax (NOPAT) minus Capital Charge.
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
Net Operating Profit After Tax means the following:
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 annual operating profit of the Company, as publicly reported, excluding (i) the amortization of sales contracts and (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.