earnings before taxes


Also found in: Dictionary, Medical.
Related to earnings before taxes: EBIT

Earnings before taxes (EBT)

A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of income taxes.

Earnings Before Taxes

A measure of a company's ability to produce income on its operations in a given year. It is calculated as the company's revenue less its expenses (such as overhead), but not subtracting its tax liability. EBIT represents cash available to pay off creditors in the event of liquidation, and, as such, it is closely watched, especially when comparing companies in jurisdictions with different tax laws. However, it is not as common a measure as earnings before interest and taxes.

earnings before taxes

References in periodicals archive ?
Here the discussion is between using earnings before taxes or earnings before interest and taxes.
Earnings before taxes were $362,000 as compared to a $39,000 pre-tax loss a year earlier.
Revenue and earnings before taxes for 2002 will be decreased by $2 million and $2 million, respectively.
com's revenues and earnings before taxes grew significantly in the first half of 2003, and Mamma.
reported a continuing improvement in Q2 2003 with earnings before taxes of $153,416 on sales of $2,109,998 compared to earnings before taxes of $117,449 on sales of $1,232,019 for the same period in 2002.
Earnings before taxes increased 54% to $7,980,000 from $5,169,000 for the first quarter of fiscal 1993.
Earnings before taxes increased 125% from $800,000 million in fiscal year 2000 to $1.
The Group earnings before taxes on income for the period from January to May 2001 amounts to EUR 35 million.

Full browser ?