Discover and read the best of Twitter Threads about #EBITDA
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Your cash balance is the result of the decisions you make every day in your business.
If you're in a cash-burn mode, you must have a path to profitability. Understand the levers to pull with my 5 Pillar SaaS Metrics Framework.
Quick summary. #saas
If you're in a cash-burn mode, you must have a path to profitability. Understand the levers to pull with my 5 Pillar SaaS Metrics Framework.
Quick summary. #saas
I use my framework as a roadmap to financial transparency and better decision-making in SaaS.
Move from left to right. Right metrics for the right stage of your business. #metrics
Move from left to right. Right metrics for the right stage of your business. #metrics
Pillar 1️⃣ - Growth📈
Understanding the “layers” of recurring revenue is key to understanding growth.
➡️ New
➡️ Expansion
➡️ Contraction
➡️ Churn
Understanding the “layers” of recurring revenue is key to understanding growth.
➡️ New
➡️ Expansion
➡️ Contraction
➡️ Churn
Investors beware! Companies are getting crafty with their financial statements.
Let's understand how companies fool investors with terms like we achieved profitability*
*T&C apply
Who knew accounting could be so much fun?
Retweet for Maximum Reach!!
#EBITDA #AdjustedEBITDA
Let's understand how companies fool investors with terms like we achieved profitability*
*T&C apply
Who knew accounting could be so much fun?
Retweet for Maximum Reach!!
#EBITDA #AdjustedEBITDA
Do you know what Adjusted EBITDA is?
It's like a financial game of Jenga - you take out one-time, irregular & non-recurring items to get a normalized number!
The purpose of adjusting EBITDA is to get a normalized number that is not distorted by irregular items or one time cost.
It's like a financial game of Jenga - you take out one-time, irregular & non-recurring items to get a normalized number!
The purpose of adjusting EBITDA is to get a normalized number that is not distorted by irregular items or one time cost.
Let's get one thing straight - investors love profits.
We are investing in companies that we believe would go on to earn handsome profits in the long run.
Higher profits will lead to higher stock prices as well.
Companies know it & hence they do all practice to show adj EBITDA
We are investing in companies that we believe would go on to earn handsome profits in the long run.
Higher profits will lead to higher stock prices as well.
Companies know it & hence they do all practice to show adj EBITDA
Firma Değeri/FAVÖK (FD/FAVÖK) çarpanını anlatalım. Temel #değerleme çarpanlarından birisidir ve F/K oranına en kolay ve güzel alternatif çarpandır. Bu çarpanı anlatmadan önce FAVÖK nedir ve nasıl hesaplanır bunu açıklamak gerekiyor. #borsa #yatırım
#FAVÖK = Faiz Amortisman Vergi Öncesi Kar (En: #EBITDA). Net kar rakamına ulaşmadan önceki Net Faaliyet Karı + #Amortisman formülüyle hesaplanır. Net Faaliyet Karı (NFK) ise faaliyet karına diğer gelir ve giderlerin dahil edilmemiş versiyonudur.
Amortisman ve İtfa giderleri nakit çıkışı yaratmayan ama gider yazılarak karı düşüren bir kalemdir. Bu nedenle bunu geri ekliyoruz. Diğer gelir ve giderler de dönem dönem tekrarlanmayabilir ve şirketin faaliyet performansını olumlu/olumsuz çarpıtabilir, bu yüzden hariç tutulur.
We are short $Sinch, a swedish telecommunications company. In our opinion, the company misstated its financial statements by billions, read the full report:
ningiresearch.com/2022/07/11/res…
ningiresearch.com/2022/07/11/res…
As a tech company #Sinch expensed ZERO R&D costs in 2021. All while #Twilio expensed 28% of revenue in the same time, #Sinch self proclaims being profitable for years while growing its business, read the full report: ningiresearch.com/2022/07/11/res…
At first glance, we found material misstatements of net profit and EBIT within #Sinch financial statements. Profit is misstated by SEK 34m and EBIT by SEK 22m, read the full report: ningiresearch.com/2022/07/11/res…
Uber is (still) a bezzle ("the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it"). And every bezzle - *every* bezzle - ends. 1/
If you'd like an unrolled version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2022/02/11/bez… 2/
pluralistic.net/2022/02/11/bez… 2/
Uber entered the market with an absurd proposition, which they papered over with an *idiotic* narrative...which the world ate up with a spoon. 3/
💡Organizaré algunos #tuits en un único #HILO, lo he visto en varios perfiles y es una excelente forma de tener a mano el contenido que consideramos importante.
🤝En este perfil se #ApoyaAlEmprendedorCubano
🤝En este perfil se #ApoyaAlEmprendedorCubano
Thanks to @steve_sedgwick & @cnbcKaren for having me on #CNBC #SquawkBox this AM.
What did we discuss? Well, #inflation of course!
I prepared some slides for the show which I'm happy to present in this thread.
1/n
#macro #Fed #Yellen #JeromePowell #bankofengland #QE
What did we discuss? Well, #inflation of course!
I prepared some slides for the show which I'm happy to present in this thread.
1/n
#macro #Fed #Yellen #JeromePowell #bankofengland #QE
Are people in denial or is the #centralbank money flood just drowning all the signals?
2/n
#inflation
2/n
#inflation
#Commodities, #freight, #carbon - and a whole lot besides - sure do cost a lot more, these days.
3/n
3/n
German GDP down 10% in June qtr
France down 14%
Singapore minus 41%
#USGDP minus 32.9%,as per advance estimates
#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth
Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
France down 14%
Singapore minus 41%
#USGDP minus 32.9%,as per advance estimates
#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth
Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
Besides Farm sector,thx to Banking clean-up,by @narendramodi govt, #Banks are doing well too
#SBI reported 81% jump in net profit at Rs 4189Cr
Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%
#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#SBI reported 81% jump in net profit at Rs 4189Cr
Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%
#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#NetNPAs of #SBI fell from 2.23%,to 1.88%,in June2020 qtr
Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses
SBI made Covid related provisions worth 1836Cr inJune qtr
Total provisions against Covid related losses are 3008Cr
Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses
SBI made Covid related provisions worth 1836Cr inJune qtr
Total provisions against Covid related losses are 3008Cr
Left liberals went berserk,citing #ParleG sales,last yr
Now that #Britannia reported phenomenal 117% jump in profit,on back of solid 22% volume growth &82% rise in #Ebitda,biscuit sales don't matter,huh?
Britannia's 27% revenue growth, clearly shows,#Greenshoots are for real💪
Now that #Britannia reported phenomenal 117% jump in profit,on back of solid 22% volume growth &82% rise in #Ebitda,biscuit sales don't matter,huh?
Britannia's 27% revenue growth, clearly shows,#Greenshoots are for real💪
#HdfcBank reported yet another stellar qtr,with #Profit up 20% in June qtr at 6658.62Cr,despite #Provisions rising 49%
NII up 17.8%,Advances up 20.9%&
Deposits up 24.6%
#CapialAdequacy went up from 16.9% to 18.9% YoY,though regulatory requirement is only 11.075%💪
#GreenShoots
NII up 17.8%,Advances up 20.9%&
Deposits up 24.6%
#CapialAdequacy went up from 16.9% to 18.9% YoY,though regulatory requirement is only 11.075%💪
#GreenShoots
#BharatBondETF raised 10000Cr, oversubscribed 3x
#YesBank raised 95%,14270Cr@ lower end of band of Rs12-13
In less than 5 months,from being run aground by #RanaKapoor&Co,to being rescued by #SBI,under aegis of @narendramodi gov&raising capital,is a great turnaroun
#GreenShoots
#YesBank raised 95%,14270Cr@ lower end of band of Rs12-13
In less than 5 months,from being run aground by #RanaKapoor&Co,to being rescued by #SBI,under aegis of @narendramodi gov&raising capital,is a great turnaroun
#GreenShoots
Em breve teremos novidades na Divulgação das Demonstrações Contábeis. Hoje, ao analisarmos o #Ebitda, muitos são reportados ajustados. O #EBIT seria nossa "proxy" para #lucro operacional. Ocorre que as #IFRS não apresentam exigências na classificação. Isso leva, no padrão...
de divulgação atual (DFP), o resultado de equivalência patrimonial (MEP) a aparecer dentro do EBIT. Todavia, resultado de equivalência (+/-) vem dos investimentos (vai que conceitualmente algum é operacional em algum setor?😬). Sendo assim, a nova proposta do IASB recomenda...
..o destaque desse resultado na DRE. Outros pontos de melhoria na divulgação estão por vir e podem ser consultados nos docs do próximo tweet.
A @helocruz (obrigado!!) me mostrou essa divulgação da DRE (IFRS) da Tegma, que difere da publicação DFP da CVM, só na estrutura.
A @helocruz (obrigado!!) me mostrou essa divulgação da DRE (IFRS) da Tegma, que difere da publicação DFP da CVM, só na estrutura.
Vamos definir dois conceitos importantes para que #investidores evitem ser ludibriados: i) gerenciamento de impressão (impression management) e ii) gerenciamento de resultados (earnings management ou manipulação da info #contábil).
i) gerenciamento de impressão envolve estratégias usando gráficos ou escrevendo a parte narrativa das DFs de tentando omitir pontos fracos ou reforçar positivos. Em geral, em momentos bons o executivo considera coisas boas p/ sua gestão e, em momentos ruins a culpa é do mercado.
P. ex., reforça o #Ebitda que em geral é positivo e cresce frente a um prejuízo. A tabela abaixo ajuda a entender mudanças gerais de uma amostra de lucro para prejuízo em diferentes períodos. Aqui mais detalhes: repec.org.br/repec/article/…
1/ Thread - IRR fallacy: IRR is one of the most abused and misunderstood metrics in finance.
Used for false marketing by PE GPs and misused even among experienced LPs.
If EBITDA is bullshit earning, IRR is bullshit return.
#IRR #EBITDA
Used for false marketing by PE GPs and misused even among experienced LPs.
If EBITDA is bullshit earning, IRR is bullshit return.
#IRR #EBITDA
2/ Many claim Buffett is “pretty good private equity manager” who happened to structure permanent equity and compound over long period.
Well, let’s examine two cases why 20% compounded return and 20% IRR by PE funds are just different animals
#IRR
Well, let’s examine two cases why 20% compounded return and 20% IRR by PE funds are just different animals
#IRR
3/ For a $500M fund with $100M drawdown and exit, to achieve 20% IRR (top quartile in most cycle), $700M of wealth made. $700M wealth for $500M or commitment over 10 years is solid but not great especiallly before fees
