{"id":2172,"date":"2026-09-08T15:57:23","date_gmt":"2026-09-08T08:57:23","guid":{"rendered":"https:\/\/giaodichlienket.man.net.vn\/?p=2172"},"modified":"2026-09-23T15:43:59","modified_gmt":"2026-09-23T08:43:59","slug":"cong-thuc-tinh-ebitda","status":"publish","type":"post","link":"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/","title":{"rendered":"EBITDA calculation formula and how to distinguish it from EBIT."},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The EBITDA formula is considered an important indicator to evaluate core operating efficiency, eliminating the impact of interest expenses and depreciation. According to international standards, the EBITDA formula is calculated as follows:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">From operating profit (EBIT):<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = EBIT + Depreciation Expense + Installment Payments<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In which EBIT:<\/span><\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBIT = Earnings before tax + Interest expense + Taxes<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-weight: 400;\">Profit before tax:<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = Earnings before tax + Interest expense + Depreciation<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Profit after tax:<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = Net Profit + Corporate Income Tax + Interest Expense + Depreciation<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This index not only helps managers understand the profitability of core activities, but is also a measure that investors and credit institutions often use when comparing businesses in the same industry.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#EBITDA_la_gi\" >What is EBITDA?\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Vai_tro_cua_EBITDA_trong_phan_tich_tai_chinh\" >The role of EBITDA in financial analysis<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Cong_thuc_tinh_EBITDA_chuan_xac_nhat\" >The most accurate formula for calculating EBITDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Y_nghia_cua_viec_tinh_EBITDA_trong_do_luong_hieu_qua_hoat_dong_kinh_doanh\" >The significance of calculating EBITDA in measuring business performance.\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Doi_voi_chu_doanh_nghiep\" >For business owners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Doi_voi_nha_dau_tu\" >For investors\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Dac_diem_phan_biet_EBIT_va_EBITDA\" >Distinguishing features of EBIT and EBITDA<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Vay_tai_sao_EBITDA_lai_duoc_xem_la_thuoc_do_phan_anh_hieu_nang_kinh_doanh_mot_cach_chinh_xac\" >So why is EBITDA considered an accurate measure of business performance?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Nhung_truong_hop_ap_dung_cong_thuc_tinh_EBITDA\" >Cases where the EBITDA calculation formula is applied<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Uu_diem_va_nhuoc_diem_cua_cong_thuc\" >Advantages and disadvantages of the formula<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Nhung_luu_y_khi_ap_dung_cong_thuc_tinh_EBITDA_trong_kinh_doanh_va_dau_tu\" >Notes when applying the EBITDA calculation formula in business and investment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Ket_luan\" >Conclude<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Contact information MAN \u2013 Master Accountant Network<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Cau_hoi_thuong_gap_ve_cong_thuc_tinh_EBITDA\" >Frequently Asked Questions about the EBITDA Calculation Formula<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#EBITDA_am_co_y_nghia_gi\" >What does negative EBITDA mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#EBITDA_bao_nhieu_la_tot_EBITDA_margin_ly_tuong_la_bao_nhieu\" >What is a good EBITDA level? What is the ideal EBITDA margin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#EBITDA_co_bao_gom_thue_thu_nhap_doanh_nghiep_khong\" >Does EBITDA include corporate income tax?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cong-thuc-tinh-ebitda\/#Chi_so_EVEBITDA_bao_nhieu_duoc_xem_la_hop_ly\" >What EV\/EBITDA ratio is considered reasonable?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_la_gi\"><\/span><b>What is EBITDA?\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">EBITDA is an important financial indicator that reflects the ability of a business to generate profits from its core business activities, without taking into account financial or accounting factors such as corporate income tax, interest expense, depreciation and asset allocation. By eliminating these factors, EBITDA allows managers and investors to focus on evaluating the actual operating results and profitability of the business&#039;s core activities, instead of being influenced by tax policy or capital structure.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">EBITDA is an acronym for Earnings Before Interest, Taxes, Depreciation and Amortization, which means earnings before interest, taxes, depreciation of tangible and intangible assets. Specifically:\u00a0<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Earnings Before Interest: Is the profit of an enterprise determined before deducting interest expenses arising from financial debts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Taxes: The amount of money a business must pay to the tax authorities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Depreciation: is the loss of value of tangible fixed assets (such as factories, machinery, equipment, etc.) over time, reflecting wear and tear.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Amortization: The net decrease in value of intangible assets such as patents and trademarks over time.<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In financial reporting, the EBITDA calculation formula is considered a crucial measure for evaluating a company&#039;s core operational performance. This indicator allows investors and managers to analyze the company&#039;s ability to generate actual profits without being influenced by financial factors such as interest expenses, taxes, or depreciation. Applying the correct formula not only helps businesses focus on profits from their core operations but also provides a basis for more objective comparison and evaluation of business performance among companies in the market.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vai_tro_cua_EBITDA_trong_phan_tich_tai_chinh\"><\/span><b>The role of EBITDA in financial analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The EBITDA calculation formula is one of the most widely used indicators in financial analysis because it focuses on net business performance and eliminates the influence of capital structure, depreciation policies, and taxes. The table below will explain in detail the practical role of the formula:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><b>Board:<\/b><span style=\"font-weight: 400;\"> The Role of the EBITDA Formula in Financial Analysis\u00a0<\/span><\/caption>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b>Role<\/b><\/td>\n<td style=\"text-align: center;\"><b>Content<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Performance measures<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Separate the financial and non-cash accounting elements to reflect profits from core business operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The EBITDA formula helps managers and investors answer the question: How much profit is the business actually generating before calculating interest, taxes and depreciation?<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Industry Comparison Tool<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Because it excludes interest and taxes (depending on capital structure and tax policies), the EBITDA formula is convenient when comparing companies in the same industry.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Additionally, the formula is also used to compare EBITDA margin (EBITDA \/ Revenue) to assess the effectiveness of operating profit margins among businesses.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Basis of valuation\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">From there, investors can calculate the required EBITDA ratio and analyze the EV (Enterprise Value) ratio by taking EV \/ EBITDA to value the business based on its operating profitability.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Leverage and credit risk assessment<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Ratios like Net Debt \/ EBITDA are used to measure a company&#039;s ability to pay its debts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Banks often use the EBITDA (or adjusted EBITDA) formula in their terms and conditions and assess breaches of terms.\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Thus, as shown in the table above, the role of the EBITDA calculation formula is not just a simple calculation, but also a financial tool that helps businesses, investors, and credit institutions accurately assess operational efficiency. When applied correctly and combined with other supporting indicators, this formula becomes an important foundation in the management, valuation, and sustainable development strategies of businesses.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cong_thuc_tinh_EBITDA_chuan_xac_nhat\"><\/span><b>Formula for calculating EBITDA<\/b><b> most accurate<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5080\" aria-describedby=\"caption-attachment-5080\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5080\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-chuan.jpg\" alt=\"C\u00f4ng th\u1ee9c t\u00ednh EBITDA chu\u1ea9n\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-chuan.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-chuan-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-chuan-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-chuan-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-chuan-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5080\" class=\"wp-caption-text\">Standard EBITDA calculation formula<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To calculate accurately, businesses can immediately apply the international standard EBITDA calculation formula below:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">From operating profit EBIT<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = EBIT + Depreciation Expense + Installment Payments<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In which EBIT:<\/span><\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBIT = Earnings before tax + Interest expense + Taxes<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Profit before tax<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = Earnings before tax + Interest expense + Depreciation<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Profit after tax<\/span><\/li>\n<\/ul>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr style=\"height: 24px;\">\n<td style=\"width: 100%; height: 24px; text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = Net Profit + Corporate Income Tax + Interest Expense + Depreciation<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><b>For example:<\/b><span style=\"font-weight: 400;\"> Suppose that in the fiscal year, enterprise A has information such as pre-tax accounting profit of 50 billion, interest expense of 100 billion and depreciation of 30 billion.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Apply formula number 2:<\/span><\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBITDA = Earnings before tax + Depreciation + Interest expense = 180 billion VND<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Therefore, based on the calculation formula, the EBITDA of company A is 180 billion VND.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">EBIT of enterprise A:\u00a0<\/span><\/p>\n<table style=\"width: 100%; border-collapse: collapse; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<tbody>\n<tr>\n<td style=\"width: 100%; text-align: center;\"><span style=\"font-weight: 400;\">EBIT = Profit before tax + Interest expense = 150 billion VND.\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Thus, EBIT of enterprise A is 150 billion VND.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Y_nghia_cua_viec_tinh_EBITDA_trong_do_luong_hieu_qua_hoat_dong_kinh_doanh\"><\/span><b>The significance of calculating EBITDA in measuring business performance.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Besides understanding what EBITDA is, managers and investors also need to master its calculation method to apply it effectively in financial analysis. This is one of the important indicators reflecting the core operational efficiency of a business, helping to eliminate the impact of interest expenses, taxes, and depreciation costs. Therefore, EBITDA shows the true business performance, supporting businesses, owners, and investors in gaining a more accurate view of production and business efficiency as well as sustainable long-term profitability.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doi_voi_chu_doanh_nghiep\"><\/span><b>For business owners<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Mastering the formula not only helps businesses understand the nature of this indicator but also provides a foundation for maximizing its value in financial analysis and management. Specifically:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assessing a business&#039;s profitability: By eliminating factors such as interest, taxes and depreciation, EBITDA more accurately reflects the efficiency of generating profits from core production and business activities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compare performance over time: Because it is not affected by fluctuations in interest rates or tax rates, business owners can easily track and compare growth over each period.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Convincing investors: When presenting reports, EBITDA is a powerful indicator that helps businesses convey a positive picture of financial health and operating capacity, thereby increasing investor confidence.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Doi_voi_nha_dau_tu\"><\/span><b>For investors\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To maximize the value from the EBITDA calculation formula, investors and managers often apply this index in many important aspects of business analysis:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assessing cash flow generation: EBITDA is a useful tool to determine the profitability of core operations, thereby considering the ability to quickly pay back capital and long-term growth potential.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Comparing companies within the same industry: By removing the impact of taxes and interest, EBITDA makes comparing performance between companies more transparent and objective.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Estimating Enterprise Value: Popular valuation metrics such as EV\/EBITDA are often used to determine fair value, helping investors identify whether a business is overvalued or undervalued relative to its intrinsic value.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Although commonly used in financial analysis, many people still easily confuse EBITDA and EBIT because both indicators reflect profits from business operations. However, to understand the true nature and avoid inaccuracies in evaluating business performance, it is necessary to clearly distinguish between EBIT and EBITDA.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Dac_diem_phan_biet_EBIT_va_EBITDA\"><\/span><b>Distinguishing features of EBIT and EBITDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_5079\" aria-describedby=\"caption-attachment-5079\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-5079\" src=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-va-dac-diem-phan-biet-giua-EBITDA-voi-EBIT.jpg\" alt=\"C\u00f4ng th\u1ee9c t\u00ednh EBITDA v\u00e0 \u0111\u1eb7c \u0111i\u1ec3m ph\u00e2n bi\u1ec7t gi\u1eefa EBITDA v\u1edbi EBIT\" width=\"1200\" height=\"675\" srcset=\"https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-va-dac-diem-phan-biet-giua-EBITDA-voi-EBIT.jpg 1200w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-va-dac-diem-phan-biet-giua-EBITDA-voi-EBIT-300x169.jpg 300w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-va-dac-diem-phan-biet-giua-EBITDA-voi-EBIT-1024x576.jpg 1024w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-va-dac-diem-phan-biet-giua-EBITDA-voi-EBIT-768x432.jpg 768w, https:\/\/giaodichlienket.man.net.vn\/wp-content\/uploads\/2025\/10\/Cong-thuc-tinh-EBITDA-va-dac-diem-phan-biet-giua-EBITDA-voi-EBIT-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-5079\" class=\"wp-caption-text\">EBITDA calculation formula and distinguishing features between EBITDA and EBIT<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Once you understand the concept of EBITDA and the detailed formula, differentiating between EBITDA and EBIT becomes simpler. Although these two indicators have many similarities, they are often compared to comprehensively assess a company&#039;s performance. The table below illustrates the differences between these two indicators:<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><b>Board:<\/b><span style=\"font-weight: 400;\"> Distinguishing between EBIT and EBITDA\u00a0<\/span><\/caption>\n<tbody>\n<tr>\n<td style=\"width: 48.0275%; text-align: center;\"><b>EBIT<\/b><\/td>\n<td style=\"width: 51.2864%; text-align: center;\"><b>EBITDA<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 48.0275%;\"><span style=\"font-weight: 400;\">EBIT is Earning Before Interest and Tax.<\/span><\/td>\n<td style=\"width: 51.2864%;\"><span style=\"font-weight: 400;\">EBITDA is Earning Before Interest, Tax, Depreciation and Amortization which means the index of profit before interest, tax and depreciation.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 48.0275%;\"><span style=\"font-weight: 400;\">Measure of corporate profits.<\/span><\/td>\n<td style=\"width: 51.2864%;\"><span style=\"font-weight: 400;\">Measure of business performance of an enterprise.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 48.0275%;\"><span style=\"font-weight: 400;\">EBIT = Earnings before tax + Interest expense.<\/span><\/td>\n<td style=\"width: 51.2864%;\"><span style=\"font-weight: 400;\">EBITDA = EBIT + Depreciation.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">From the comparison table above, it can be seen that both EBIT and EBITDA are important metrics for analyzing corporate finance, but each serves a different purpose. While EBIT focuses on profit before interest and taxes, EBITDA reflects core operating performance by excluding depreciation. Understanding this difference helps managers and investors apply the correct metric in each situation, thereby making more accurate decisions.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Vay_tai_sao_EBITDA_lai_duoc_xem_la_thuoc_do_phan_anh_hieu_nang_kinh_doanh_mot_cach_chinh_xac\"><\/span><b>So why is EBITDA considered an accurate measure of business performance?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Because EBITDA excludes factors not directly related to core business operations, such as interest expense, corporate income tax, or depreciation expense. These factors may vary depending on financial policies, capital structure, or legal regulations in each country, but they do not reflect the true nature of a company&#039;s operational capabilities.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Focusing solely on the results generated from core business operations helps managers and investors clearly see the true effectiveness of revenue generation. For example, two companies in the same industry may differ in debt ratios or depreciation policies, leading to differences in net profit. However, comparing them using EBITDA will reveal which company operates more efficiently, regardless of differences in capital or financial strategies.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In other words, EBITDA is a &quot;fair measure&quot; for evaluating business performance, helping to eliminate distortions from external factors and providing a more honest view of the internal operational strength of the business.<\/span><\/p>\n<blockquote><p><strong>Reference: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/cach-tinh-chi-phi-lai-vay-nghi-dinh-255\/\">How to calculate interest expense according to Decree 255.<\/a><\/span><\/strong><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhung_truong_hop_ap_dung_cong_thuc_tinh_EBITDA\"><\/span><b>Cases where the EBITDA calculation formula is applied<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The EBITDA calculation formula is widely used in many situations to analyze and evaluate the financial performance of businesses. Particularly in industries with a high proportion of assets and high depreciation costs, the formula is often used to reflect operating profit, helping businesses improve their financial reporting image and increase investor confidence.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Furthermore, it is an important tool for comparing the performance of businesses within the same industry or at different stages of development. This indicator often appears in EV\/EBITDA valuation models and in many cases can replace cash flow in quick analysis.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Furthermore, investors and managers also utilize the formula through derived indicators such as EBITDA Margin, EBITDA\/Depreciation Expense, or Debt\/EBITDA, to assess the profitability, level of financial leverage, and long-term growth prospects of the business.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Uu_diem_va_nhuoc_diem_cua_cong_thuc\"><\/span><b>Advantages and disadvantages of the formula<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">We need to consider both the advantages and disadvantages of the formula. Like any measurement tool, the formula offers significant benefits but also has certain limitations. The table below will help distinguish the advantages and disadvantages of the EBITDA calculation formula, thereby assisting investors and businesses in using this indicator more accurately.<\/span><\/p>\n<table style=\"width: 100%; border-color: #000000;\" border=\"1\" cellspacing=\"2\" cellpadding=\"12\">\n<caption><b>Board:<\/b><span style=\"font-weight: 400;\"> Advantages and disadvantages of the EBITDA formula<\/span><\/caption>\n<tbody>\n<tr>\n<td style=\"width: 47.7956%; text-align: center;\"><b>Advantage<\/b><\/td>\n<td style=\"width: 51.503%; text-align: center;\"><b>Disadvantages<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 47.7956%;\"><span style=\"font-weight: 400;\">Reflecting core business performance: The EBITDA calculation formula excludes depreciation, interest expenses, and taxes, which are not directly incurred during the period.<\/span><\/td>\n<td style=\"width: 51.503%;\"><span style=\"font-weight: 400;\">For businesses with high depreciation expenses, the formula can &quot;beautify&quot; financial statements compared to reality.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 47.7956%;\"><span style=\"font-weight: 400;\">Focus on actual operations: Helps investors assess the ability to generate profits from core business activities.<\/span><\/td>\n<td style=\"width: 51.503%;\"><span style=\"font-weight: 400;\">These businesses typically have low net profits, so using a formula can mask significant financial weaknesses.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 47.7956%;\"><span style=\"font-weight: 400;\">Support for business comparison: The EBITDA formula is applied to compare operating efficiency between businesses in the same industry, over many different periods.<\/span><\/td>\n<td style=\"width: 51.503%;\"><span style=\"font-weight: 400;\">Valuation can be misleading: If investors rely solely on the formula while ignoring other indicators such as cash flow or net profit, they may misjudge the true value.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 47.7956%;\"><span style=\"font-weight: 400;\">Approaching Actual Cash Flow: Since depreciation is not a cash expense, the EBITDA formula better represents cash flow from operations.<\/span><\/td>\n<td style=\"width: 51.503%;\"><span style=\"font-weight: 400;\">Not a complete picture: This formula cannot replace other indicators in financial analysis, especially in asset-intensive industries.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The EBITDA calculation formula is a useful tool for measuring business performance and comparing different companies. However, when conducting financial analysis, it is necessary to combine EBITDA calculation with net profit and cash flow to gain a comprehensive view and minimize the risk of misvaluation.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Nhung_luu_y_khi_ap_dung_cong_thuc_tinh_EBITDA_trong_kinh_doanh_va_dau_tu\"><\/span><b>Notes when applying the EBITDA calculation formula in business and investment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">When applying the EBITDA calculation formula, businesses need to keep the following points in mind to ensure that the EBITDA results are effective:\u00a0<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Understanding the EBITDA metric, its formula, and its meaning is crucial: EBITDA only reflects profit before accounting for factors such as interest, taxes, depreciation, and amortization. This allows businesses to focus on evaluating core operating performance, but the formula for this metric doesn&#039;t provide a comprehensive view of net profit after deducting significant financial expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Combined with other index formula analysis: The EBITDA formula is just one of many formulas to help evaluate finances. Businesses need to refer to using additional index formulas such as ROE (Return on Equity), ROA (Return on Assets) and free cash flow to help provide a more complete perspective on business performance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assessing the scale, industry characteristics and business cycle: Due to the characteristics of each industry with different investment levels and depreciation costs, the use of the EBITDA calculation formula needs to be placed in the specific context of the industry and business cycle, to ensure accurate comparison between businesses in the same industry.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be careful when making decisions: To attract investors, some businesses may &quot;beautify&quot; their reports by increasing the EBITDA index. Therefore, managers need to carefully evaluate the data to avoid being led by numbers that do not reflect reality.<\/span><\/li>\n<\/ul>\n<blockquote><p><strong>Reference: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/giaodichlienket.man.net.vn\/en\/chi-phi-lai-vay-khong-duoc-tru\/\">Interest expenses are not deductible under Decree 255\/2026.<\/a><\/span><\/strong><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In summary, the EBITDA formula is a useful tool for businesses and investors to evaluate core operating performance, eliminating financial and accounting factors that interfere. However, for a more comprehensive and accurate view, EBITDA needs to be placed in the context of the industry, business cycle and combined with other financial indicators. If you are a business that wants to optimize financial reports, improve management capacity and increase investor confidence, let <\/span><span style=\"font-weight: 400;\">MAN \u2013 Master Accountant Network<\/span><span style=\"font-weight: 400;\"> Accompany businesses in analyzing, consulting and implementing effective financial solutions.<\/span><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/giaodichlienket.man.net.vn\/en\/lien-he\/\"><span style=\"font-weight: 400;\"><strong><span style=\"color: #0000ff;\">Contact <\/span><\/strong><\/span><strong><span style=\"color: #0000ff;\">MAN \u2013 Master Accountant Network<\/span><\/strong><\/a><span style=\"font-weight: 400;\"> For free support and advice!<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>Contact information MAN \u2013 Master Accountant Network<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Address:<\/b><span style=\"font-weight: 400;\"> No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mobile\/Zalo:<\/b><span style=\"font-weight: 400;\"> 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>E-mail:<\/b><span style=\"font-weight: 400;\"> man@man.net.vn<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Google Business Profile:<\/b> <a href=\"https:\/\/share.google\/EmihzHg354pCASC9k\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\"><strong><span style=\"color: #0000ff;\">View MAN \u2013 Master Accountant Network&#039;s Google Business Profile<\/span><\/strong>\u00a0<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>LinkedIn Founder:<\/b> <a href=\"https:\/\/www.linkedin.com\/in\/tuy%C3%AAn-l%C3%AA-ho%C3%A0ng-65292aa0\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\"><strong><span style=\"color: #0000ff;\">View expert Le Hoang Tuyen&#039;s LinkedIn profile.<\/span><\/strong>\u00a0<\/span><\/a><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Responsible for production and professional content review by: Mr. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" rel=\"nofollow noopener\" target=\"_blank\">Le Hoang Tuyen \u2013 Founder &amp; CEO of MAN \u2013 Master Accountant Network<\/a><\/span><\/strong><span style=\"font-weight: 400;\">. He is a CPA Vietnam auditor with over 30 years of in-depth experience in accounting, auditing, taxation, and corporate legal consulting.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cau_hoi_thuong_gap_ve_cong_thuc_tinh_EBITDA\"><\/span><strong>Frequently Asked Questions about the EBITDA Calculation Formula<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_am_co_y_nghia_gi\"><\/span>What does negative EBITDA mean?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Negative EBITDA means the business is losing money at the core operating level, even before accounting for interest, taxes, and depreciation. This is a much more serious warning sign than negative net profit, because negative net profit may simply be due to high interest or depreciation expenses, while negative EBITDA indicates that the business itself is not generating cash.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_bao_nhieu_la_tot_EBITDA_margin_ly_tuong_la_bao_nhieu\"><\/span>What is a good EBITDA level? What is the ideal EBITDA margin?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">There is no single standard EBITDA margin (EBITDA\/Revenue) for all industries. Manufacturing, telecommunications, and real estate typically have margins of 20-40% (TP3T) due to capital intensity; trade and retail industries usually have margins of only 5-15% (TP3T) due to thin profit margins. The correct way to assess EBITDA is to compare a company&#039;s EBITDA margin with the industry average and with the company itself over different periods, not cross-industry comparisons.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"EBITDA_co_bao_gom_thue_thu_nhap_doanh_nghiep_khong\"><\/span>Does EBITDA include corporate income tax?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">No. EBITDA is calculated before deducting corporate income tax. If you start calculating from after-tax profit, you must add back the corporate income tax already paid along with interest expense and depreciation to arrive at the correct EBITDA figure.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Chi_so_EVEBITDA_bao_nhieu_duoc_xem_la_hop_ly\"><\/span><strong>What EV\/EBITDA ratio is considered reasonable?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">A reasonable EV\/EBITDA ratio depends on the industry and growth stage: high-growth sectors (technology) are typically valued at 12-20 times, while traditional sectors (manufacturing, trading) are commonly valued at 6-10 times. A lower-than-average EV\/EBITDA ratio may indicate an attractive valuation, but it could also reflect underlying risks not yet recognized by the market, requiring further analysis in relation to revenue growth and debt leverage.<\/p>","protected":false},"excerpt":{"rendered":"<p>C\u00f4ng th\u1ee9c t\u00ednh EBITDA \u0111\u01b0\u1ee3c xem l\u00e0 ch\u1ec9 s\u1ed1 quan tr\u1ecdng \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ed1t l\u00f5i, lo\u1ea1i b\u1ecf \u1ea3nh h\u01b0\u1edfng t\u1eeb chi ph\u00ed l\u00e3i vay v\u00e0 kh\u1ea5u hao. Theo chu\u1ea9n qu\u1ed1c t\u1ebf, C\u00f4ng th\u1ee9c EBITDA \u0111\u01b0\u1ee3c t\u00ednh nh\u01b0 sau: T\u1eeb l\u1ee3i nhu\u1eadn ho\u1ea1t \u0111\u1ed9ng (EBIT): EBITDA = EBIT + Chi ph\u00ed [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/2172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/comments?post=2172"}],"version-history":[{"count":5,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/2172\/revisions"}],"predecessor-version":[{"id":5188,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/2172\/revisions\/5188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media\/5078"}],"wp:attachment":[{"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=2172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=2172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/giaodichlienket.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=2172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}