Key Difference – Gross Margin vs EBITDA
利润（通常也称为收益）被认为是任何业务中最重要的要素。可以通过包含和排除成本和收入来计算各种利润金额。毛利率和EBITDA（利息，税收，折旧和摊销之前的收益）是企业广泛计算的两个此类收入金额。毛利率和EBITDA之间的关键区别在于gross margin is the portion of revenue after deducting the cost of goods sold whereas EBITDA excludes interest, tax,depreciation and amortizationin its calculation.
1.Overview and Key Difference
2.What is Gross Margin
3.What is EBITDA
4.并排比较 - 毛利率与EBITDA
What is Gross Margin?
毛利率or ‘毛利’ is therevenue较少的商品成本并且可以以绝对和百分比的方式表示。这表明覆盖出售商品成本后剩下的收入量。GP利润率更高，进行核心业务活动的效率较高；因此，这是损益表中的第一个利润数字。
Gross Profit margin = (Revenue – Cost of Goods Sold) OR (Gross Profit / Revenue *100)
Revenue is the income earned by conducting company’s main business activity
EBITDA calculates the earnings before兴趣,税,depreciation和amortization。该计算用于衡量公司的运营盈利能力because it takes into account only those expenses necessary to run the business on a day-to-day basis.
This is the cost of debt and is payable annually. This is a contractual obligation and the interest rates are agreed at the beginning of the loan agreement. Companies can evaluate a variety of loan options to obtain benefits of lower interest rates; however, once committed to paying the interest, this becomes an uncontrollable cost.
Tax is a financial charge on earnings levied by the state; thus, it is a legal obligation. This is an expense beyond the control of the organization where tax evasion can be penalized by law.
Depreciation is an accounting expense to allow for the reduction in economic useful life of tangible assets due to wear and tear. There are multiple methods to depreciate tangible assets. Even though there is no major difference between the methods regarding the overall amount charged; some depreciation policies charge a higher percentage for the early years of the asset compared to latter years whereas other policies charge the same percentage over the life of the asset.
Amortizationis an accounting term that refers to the process of allocating the cost of an intangible asset over a period of time. It also refers to the repayment of loan principal over time. This is also a cost that cannot be directly controllable by the business
Interest, depreciation, and amortization are tax deductible expenses and are advantageous from a tax perspective. Since the above elements are not directly controllable, there should be an interim profit figure between gross margin and net margin to indicate how controllable income and expenses have affected net profit. EBITDA is the measure of this profit figure which allows this calculation.
EBITDA = Revenue – Expenses (excluding taxes, interest, depreciation and amortization)
EBITDA利润= EBITDA/Revenue *100
What is the difference Between Gross Margin and EBITDA?
|毛利率是扣除出售商品成本后收入的一部分。||EBITDA is calculated excluding interest, tax, depreciation and amortization .|
|毛利率is calculated as = (Revenue – Cost of Goods Sold).||EBITDA计算为=收入 - 费用（不包括税收，利息，折旧和摊销）。|
|While useful, Gross Margin does not provide very useful information since it does not consider other operating income and costs.||EBITDA is a relatively new concept and provides an informed basis for decision making.|
概括– Gross Margin vs EBITDA
The difference between gross margin and EBITDA is primarily dependent on the aspects considered in its calculation. Gross margin is calculated to indicate the profits generated from the core business activity while EBITDA is the profit amount after taking into account other operating income and expenses. Comparing the company’s gross margin and EBITDA with previous year results and with similar companies in the same industry provides increased usefulness.
2.罗斯，肖恩。“摊销和折旧有什么区别？”Investopedia。N.p., 10 Feb. 2017. Web. 10 Mar. 2017.
3.史密斯，丽莎。“ EBITDA：挑战计算。”Investopedia。N.p., 07 Dec. 2003. Web. 10 Mar. 2017.
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