Complete Formula List

Formulas used to calculate key ratios and metrics on FinChat.

Total Shares Outstanding

Total Shares Outstanding = Common Shares Outstanding is defined as the Number of Common Shares issued excluding Common shares held in Treasury.

Weighted Avg. Shares Outstanding

Weighted Avg. Shares Outstanding = Basic Weighted Average Shares Outstanding represents the number of basic weighted average shares outstanding during the period.

Weighted Avg. Shares Outstanding Dil.

Weighted Avg. Shares Outstanding Dil = Diluted Weighted Average Shares Outstanding represents the number of diluted weighted average shares outstanding during the period. 

Return on Total Capital

Return on Total Capital = NOPAT / Average Total Capital for the period, where Total Capital equals the sum of Total Preferred and Common Equity, Total Debt, and Minority Interests.

Fixed Asset Turnover

Fixed Asset Turnover = Total Revenues / Average Net Property, Plant and Equipment for the period.

Asset Turnover

Asset Turnover = Total Revenues / Average Total Assets for the period.

Receivables Turnover

Receivables Turnover = Total Revenues / Average Accounts Receivable, Total for the period.

Days Sales Outstanding

Days Sales Outstanding = Average Accounts Receivable, Total / (Revenues * Number of Days in the Period)

Inventory Turnover

Inventory Turnover = Cost of Goods Sold, Total / Average Inventory for the period.

Days Inventory Outstanding

Days Inventory Outstanding = Average Inventory / (Cost of Goods Sold, Total * Number of Days in the Period)

Days Payables Outstanding

Days Payables Outstanding = Average Accounts Payable, Total / [(Cost of Goods Sold, Total + Inventory(t) - Inventory(t-1)) * Number of Days in the Period]

Cash Conversion Cycle

Cash Conversion Cycle = Days Inventory Outstanding + Days Sales Outstanding - Days Payables Outstanding

Debt / Equity

Debt / Equity = Total Debt / Total Equity

Net Debt / EBITDA 

Net Debt / EBITDA = Net Debt / EBITDA (Standard Definition)

Total Debt

Total Debt = Total interest-bearing current and long-term debt and leases.

Net Debt

Net Debt = Total interest-bearing current and long-term debt and leases less cash and equivalents, short-term investments and marketable securities.

Current Ratio

Current Ratio = Total Current Assets / Total Current Liabilities

Quick Ratio

Quick Ratio = (Total Cash And Short Term Investments + Accounts Receivable, Total + Finance Division Accounts Receivable + Finance Division Cash and Cash Equivalents + Finance Division Short Term Investments + Other Receivables) / Total Current Liabilities

Total Debt / Capitalization

Total Debt / Capitalization = Total Debt / Total Capital, where Total Capital equals the sum of Total Preferred and Common Equity, Total Debt, and Minority Interests.

Long Term Debt / Capitalization

Long Term Debt / Capitalization = Long-Term Debt / Total Capital, where Long-Term Debt equals the sum of Long-Term Debt, Long-Term Leases and Non-Current Finance Division Debt and Total Capital equals the sum of Total Preferred and Common Equity, Total Debt, and Minority Interests.

Long-Term Debt / Equity

Long-Term Debt / Equity = Long-Term Debt / Total Equity, where Long-Term Debt equals the sum of Long-Term Debt, Long-Term Leases and Non-Current Finance Division Debt.

EBIT / Interest Expense 

EBIT / Interest Expense = EBIT / Interest Expense, Total

EBITDA / Interest Expense

EBITDA / Interest Expense = EBITDA (Standard Definition) / Interest Expense, Total

(EBITDA - Capex) / Interest Expense

(EBITDA - Capex) / Interest Expense = (EBITDA (Standard Definition) - Capital Expenditure) / Interest Expense, Total

Gross Profit Margin

Gross Profit Margin = Gross Profit / Total Revenues

EBITDA Margin

EBITDA Margin = (EBIT + D&A for EBITDA) / Total Revenues

Operating Margin

Operating Margin = EBIT / Total Revenues

Net Profit Margin

Net Profit Margin = Net Income / Total Revenues

Revenue per Share

Revenue per Share = Total Revenues / Basic Weighted Average Shares Outstanding

EPS

EPS = Net Income to Common Incl. Extra Items / Basic Weighted Average Shares Outstanding

EPS Diluted

EPS Diluted = (Diluted Net Income + Earnings Of Discontinued Operations + Extraordinary Item & Accounting Change) / Diluted Weighted Average Shares Outstanding

FFO per Share

FFO per Share = FFO Per Share represents the FFO per share that is reported by the company.

Adjusted FFO per Share

Adjusted FFO per Share = Adjusted FFO Per Share represents the adjusted FFO per share (AFFO) that is reported by the company.

Book Value per Share

Book Value per Share = Total Common Equity / Total Shares Outstanding on Balance Sheet Date

Tangible Book Value per Share

Tangible Book Value per Share = Tangible Book Value / Total Shares Outstanding on Balance Sheet Date

Cash per Share

Cash per Share = Cash and Equivalents / Total Shares Outstanding on Balance Sheet Date

Effective Tax Rate

Effective Tax Rate = Income Tax Expense / EBT, Inc. Unusual Items

Total Employees

Total Employees = Full Time Employees + (Part Time Employees * 0.5)

EBITDA

EBITDA = EBIT + D&A for EBITDA

Unlevered Free Cash Flow

Unlevered Free Cash Flow = EBIT * (1 - Statutory Tax Rate) + Depreciation & Amortization, Total + Amortization of Deferred Charges, Total - Capital Expenditure + Sale (Purchase) of Intangible Assets + Total Stock-Based Compensation - Amortization of Debt Issuance Costs - Change in Net Working Capital - Changes in Other Operating Activities, where Statutory Tax Rate = 23.5% on a combined basis.

Levered Free Cash Flow

Levered Free Cash Flow = EBIT * (1 - Statutory Tax Rate) - Interest Expense, Total * (1 - Statutory Tax Rate) + Depreciation & Amortization, Total + Amortization of Deferred Charges, Total - Capital Expenditure + Sale (Purchase) of Intangible Assets + Total Stock-Based Compensation - Change in Net Working Capital - Changes in Other Operating Activities, where Statutory Tax Rate = 23.5% on a combined basis.

NOPAT

EBIT * (1 - Effective Tax Rate), where Effective Tax Rate = Income Tax Expense / EBT, Inc. Unusual Items

Market Cap

Market Cap = Market Cap is based on the last close share price and the last close number of outstanding stocks.

Stock Price

Stock Price = Stock Price is based on the last close share price.

Total Enterprise Value (TEV)

Total Enterprise Value (TEV) = Market Capitalization + Book Value of Total Debt + Book Value of Preferred Stock + Book Value of Minority Interest - Cash & Short Term Investments - Long Term Marketable Securities

DPS

DPS = Dividends Per Share (DPS) represents gross dividend per common share declared in the form of cash. This includes any cash dividends declared on various classes of common stock (i.e., Class A, Class B) that are listed.

Dividend Yield

Dividend Yield = Dividends Per Share (DPS) / Financial Period Share Price Close * 100

Debt Paydown Yield

(Total Debt Repaid - Total Debt Issued) / Last Close Market Cap

Buyback Yield

(Repurchase of Common Stock - Issuance of Common Stock) / Last Close Market Cap

Shareholder Yield

Dividend Yield + Debt Paydown Yield + Buyback Yield

Revenue 1Y Growth

Revenue 1Y Growth = Total Revenues(t) / Total Revenues(t-1) - 1

Revenue 3Y CAGR

Revenue 3Y CAGR = (Total Revenues(t) / Total Revenues(t-3)) ^ (1/3) - 1

Revenue 5Y CAGR

Revenue 5Y CAGR = (Total Revenues(t) / Total Revenues(t-5)) ^ (1/5) - 1

Revenue 10Y CAGR

Revenue 10Y CAGR = (Total Revenues(t) / Total Revenues(t-10)) ^ (1/10) - 1

Diluted EPS 1Y Growth

Diluted EPS 1Y Growth = Diluted EPS - Continuing Operations(t) / Diluted EPS - Continuing Operations(t-1) - 1

Diluted EPS 3Y CAGR 

Diluted EPS 3Y CAGR = (Diluted EPS - Continuing Operations(t) / Diluted EPS - Continuing Operations(t-3)) ^ (1/3) - 1

Diluted EPS 5Y CAGR

Diluted EPS 5Y CAGR = (Diluted EPS - Continuing Operations(t) / Diluted EPS - Continuing Operations(t-5)) ^ (1/5) - 1

Diluted EPS 10Y CAGR

Diluted EPS 10Y CAGR = (Diluted EPS - Continuing Operations(t) / Diluted EPS - Continuing Operations(t-10)) ^ (1/10) - 1

DPS 1Y Growth

DPS 1Y Growth = Dividends Per Share(t) / Dividends Per Share(t-1) - 1

DPS 3Y CAGR

DPS 3Y CAGR = (Dividends Per Share(t) / Dividends Per Share(t-3)) ^ (1/3) - 1

DPS 5Y CAGR

DPS 5Y CAGR = (Dividends Per Share(t) / Dividends Per Share(t-5)) ^ (1/5) - 1

DPS 10Y CAGR

DPS 10Y CAGR = (Dividends Per Share(t) / Dividends Per Share(t-10)) ^ (1/10) - 1

Cash From Operations 1Y Growth

Cash From Operations 1Y Growth = Cash from Operations(t) / Cash from Operations(t-1) - 1

Cash From Operations 3Y CAGR

Cash From Operations 3Y CAGR = (Cash from Operations(t) / Cash from Operations(t-3)) ^ (1/3) - 1

Cash From Operations 5Y CAGR

Cash From Operations 5Y CAGR = (Cash from Operations(t) / Cash from Operations(t-5)) ^ (1/5) - 1

Cash From Operations 10Y CAGR

Cash From Operations 10Y CAGR = (Cash from Operations(t) / Cash from Operations(t-10)) ^ (1/10) - 1

Free Cash Flow

Free Cash Flow = Cash from Operations - Capital Expenditure

Free Cash Flow Margin

Free Cash Flow Margin = (Cash from Operations - Capital Expenditure) / Total Revenues

Payout Ratio

Payout Ratio = Dividends Per Share (DPS) / Basic EPS from Continuing Operations * 100

Payables Turnover

Payables Turnover = 365 / Average Days Payable Outstanding for the period.

Operating Cycle 

Operating Cycle = Days Sales Outstanding + Days Inventory Outstanding

Cash Ratio 

Cash Ratio = Cash and Equivalents / Total Current Liabilities

Debt Ratio

Debt Ratio = Total Debt / Total Assets

Assets to Equity

Assets to Equity = Total Assets / Total Equity

Cash Flow to Debt Ratio

Cash Flow to Debt Ratio = Cash from Operations / Total Debt

Operating Cash Flow per Share

Operating Cash Flow per Share = Cash from Operations / Diluted Weighted Average Shares Outstanding

Free Cash Flow per Share

Free Cash Flow per Share = (Cash from Operations - Capital Expenditure) / Diluted Weighted Average 

Shares Outstanding

CapEx per Share

CapEx per Share = Capital Expenditure / Diluted Weighted Average Shares Outstanding

Revenue per Employee

Revenue per Employee = Total Revenues / Average Employees for the period.

Gross Profit per Employee

Gross Profit per Employee = Gross Profit / Average Employees for the period.

Operating Profit per Employee

Operating Profit per Employee = Operating Income / Average Employees for the period.

Net Income per Employee

Net Income per Employee = Net Income / Average Employees for the period.

Free Cash Flow per Employee

Free Cash Flow per Employee = (Cash from Operations - Capital Expenditure) / Average Employees for the period.

Pre-Tax Profit Margin

Pre-Tax Profit Margin = EBT, Incl. Unusual Items / Total Revenues

OCF / Net Income

OCF / Net Income = Cash from Operations / Net Income

OCF / Sales

OCF / Sales = Cash from Operations / Total Revenues

FCF / OCF

FCF / OCF = (Cash from Operations - Capital Expenditure) / Cash from Operations

SG&A to Revenue

SG&A to Revenue = Selling General & Admin Expenses, Total / Total Revenues

R&D to Revenue

R&D to Revenue = R&D Expenses / Total Revenues

CapEx to OCF

CapEx to OCF = Capital Expenditure / Cash from Operations

CapEx to Revenue

CapEx to Revenue = Capital Expenditure / Total Revenues

CapEx to Depreciation

CapEx to Depreciation = Capital Expenditure / Depreciation & Amortization, Total

Stock-based Comp to Revenue = Stock-Based Compensation / Total Revenues

Return on Assets

Return on Assets = NOPAT / Average Total Assets for the period.

Return on Equity

Return on Equity = Net Income / Average Total Equity for the period.

Return on Capital Employed

Return on Capital Employed = EBIT / Average Capital Employed, where Capital Employed equals Total Assets - Total Current Liabilities

Return on Invested Capital 

Return on Invested Capital = NOPAT / Average Invested Capital for the period, where Invested Capital equals Total Assets - Accounts Payable - Accrued Expense - Excess Cash

Long-term Debt to Assets

Long-term Debt to Assets = (Finance Division Debt Non Current + Long-Term Debt + Long Term Leases) / Total Assets

Intangibles to Total Assets

Intangibles to Total Assets = Other Intangibles, Total / Total Assets

Net Current Asset Value

Net Current Asset Value = Total Current Assets - Total Liabilities - Minority Interest - Total Preferred Equity

Return on Tangible Assets

Return on Tangible Assets = Net Income / (Total Assets - Other Intangibles, Total - Total Liabilities)

EV/Sales

EV/Sales = Last Close TEV / LTM Total Revenue

Forward EV/Sales

Forward EV/Sales = Last Close TEV / Consensus Mean Total Revenue

P/S

P/S = Last Close Market Cap / LTM Total Revenue

Forward P/S

Forward P/S = Last Close Market Cap / Consensus Mean Total Revenue

P/E 

P/E = Last Close Price / LTM Diluted EPS Before Extra Items

Forward P/E

Forward P/E = Last Close Price / Consensus Mean EPS (GAAP)

PEG Ratio

[(Last Close Price / Earnings) / (Primary EPS Estimate)] - 1 Yr. Annual Growth %

Earnings Yield

Earnings Yield = 1 / (Last Close Price / LTM Diluted EPS Before Extra Items)

Forward Earnings Yield

Forward Earnings Yield = 1 / (Last Close Price / Consensus Mean EPS (GAAP))

EV/FCF

EV/FCF = Last Close TEV / LTM Unlevered Free Cash Flow

Forward EV/FCF

Forward EV/FCF = Last Close TEV / Consensus Mean Free Cash Flow

FCF Yield

FCF Yield = 1 / (Last Close TEV / LTM Unlevered Free Cash Flow)

Forward FCF Yield 

Forward FCF Yield = 1 / (Last Close TEV / Consensus Mean Free Cash Flow)

P/FCF

P/FCF = Last Close Market Cap / (Operating Cash Flow - Capital Expenditures)

Forward P/FCF

Forward P/FCF = Last Close Market Cap / Consensus Mean Free Cash Flow

EV/EBITDA

EV/EBITDA = Last Close TEV / LTM EBITDA (Incl. Equity Income from Affiliates)

Forward EV/EBITDA

Forward EV/EBITDA = Last Close TEV / Consensus Mean EBITDA

EV/EBIT

EV/EBIT = Last Close TEV / LTM EBIT (Incl. Equity Income from Affiliates)

Forward EV/EBIT

Forward EV/EBIT = Last Close TEV / Consensus Mean EBIT

EV/OCF

EV/OCF = Last Close TEV / LTM Cash from Operations

Forward EV to OCF

Forward EV to OCF = Last Close TEV / Consensus Mean Cash from Operations

P/OCF

P/OCF = Last Close Market Cap / LTM Cash from Operations

Forward P/OCF 

Forward P/OCF = Last Close Market Cap / Consensus Mean Cash from Operations

P/B

P/B = Last Close Price / Book Value

P/Gross Profit

P/Gross Profit = Last Close Market Cap / LTM Gross Profit

EV/Gross Profit

EV/Gross Profit = Last Close TEV / LTM Gross Profit

P/FFO

P/FFO = Last Close Market Cap / LTM Reported FFO

Forward Price / FFO

Forward Price / FFO = Last Close Market Cap / Consensus Mean FFO (REIT)

P/Adjusted FFO

P/Adjusted FFO = Last Close Market Cap / LTM Reported Adjusted FFO

Forward P/Adjusted FFO

Forward P/Adjusted FFO = Last Close Market Cap / Consensus Mean Adjusted FFO (REIT)