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Business earnings after deducting the OPEX, Interest and Income Tax from Total Revenue within the Accounting Period:
Net Income = EBT − Income Tax = EBIT - Interest - Income Tax |
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Net Income = Operating Income + Non-Operating Revenue - Non-Operating Expenses - Interest - Income Tax |
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Net Income = Sales - COGS - OPEX + Non-Operating Revenue - Non-Operating Expenses - Interest - Income Tax |
| or |
Net Income = Total Revenue - COGS - OPEX - Non-Operating Expenses - Interest - Income Tax |
It is often called Bottom Line because it is shown at the bottom line in P&L.
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