Search results for "Earnings before interest and taxes"
showing 4 items of 4 documents
Profit Margin Ratio, Markup, Profit Margin Per Unit, Economic Profit, and Profitability as Objectives for the Firm: An Economic Point-of-View
2015
We study five operational objectives for the firm: three marketing objectives (maximizing profit-margin ratio, maximizing markup, and maximizing profit-margin-per-unit), and two financial objective (maximizing economic profit (i.e., EVA) and maximizing profitability), as alternatives to the scholarly objective of maximizing profit. We prove that (i) Sales are lowest for profit-margin-per-unit, intermediate for profit-margin ratio and markup, and highest for profit maximization. Input consumption, including labor, is lower. Prices are in the reverse order. In terms of profit, profit-margin ratio, markup, and profit-margin-per-unit are necessarily less efficient than the classical profit maxi…
A financial feasibility study of an aquaponic system in a Mediterranean urban context
2019
Abstract Aquaponics is largely recognized as a solution for sustainable food production as it follows a biomimetic natural system and the circular economy principles, allowing large food productivity on nonagricultural land, and at the same time strongly reducing inputs and waste. In this study, we collected technical, economic and production data from a pilot aquaponic plant producing lettuce (Lactuca sativa) and Nile tilapia (Oreochromis niloticus) realized in an urban context in Sicily (Southern Italy), very suitable area for aquaponic production in relation to the Mediterranean climate. Through the determination of Net return and Break Even Point, analysing on one side the items which c…
Consumer confidence: Causality links with subjective and objective information sources
2020
Abstract This study analyses the relationship of causality between consumer confidence and the economic information ecosystem from subjective (i.e., business sentiment) and objective sources (financial information from listed companies and the stock index). Our sample covers Spain from June 2011 to December 2018. Our results show that consumer confidence and economic information can exert a causality influence on each other. The results show Granger causality from IBEX35 and total assets in the financial sector and leverage of the companies in the energy sector to the consumer confidence index (CCI), in the first lag: from operating income in the telecommunications sector to the CCI in the …
Profit change and its drivers in the English and Welsh water industry: is output quality important?
2014
Abstract The assessment of profit change over time and its drivers is essential to analyse firms' financial performance. This paper investigates profit change and its components for the 10 English and Welsh water and sewerage water companies over the period 1991–2008 and for three regulatory sub-periods. Profit changes and their drivers are computed following two approaches, namely: without controlling for water and sewerage quality issues, and after decomposing the output effect into high quality and low quality output effect. In both cases, profit change is decomposed into various factors such as quantity and price effect, technical change, efficiency change, resource mix, product mix, an…