News Formal

THE FINANCE GHOST: Smoke and mirror acronyms

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

South Africa News News

There is plenty of salesmanship in company reporting — especially when it comes to earnings metrics. Here’s how to see through the BS

Understanding a set of financial results is difficult even before management teams get the crayons out to add some creativity to the reported metrics. Faced with a raft of different earnings metrics, you need your wits about you.

Let’s start with what HEPS means. The acronym stands for headline earnings per share, a South African concept designed to stop companies from reporting utter nonsense in the same way that the Americans love doing. “Adjusted earnings before interest, taxes, depreciation and amortisation” is abused to incredible levels on the US market, allowing executives to pretend that all the minor inconveniences don’t exist...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THE FINANCE GHOST: Yum, and the art of the spin-offThe unbundling of Yum! brands from Pepsico in 1997 is a great example of two good companies doing better apart. The same may well be true of the JSE’s Zeda, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »

Alexkor audit delayed as high staff turnover leaves finance dept unstable, AG tells Parliament | BusinessHigh staff turnover at state-owned mining company Alexkor - notably in the finance division - has created instability in key operations, including financial reporting, the AGSA told Parliament's Standing Committee on Public Accounts on Tuesday. Like in every other state owned entity. We now don't worry we know. ANC and corruption w We have a state owned mining Co 😐...... Lol now Finance Dept is all gone?!... They are all gone, they looted😢😅...
Source: News24 - 🏆 4. / 80 Read more »

Finance Minister Godongwana sworn in as MP, making room for Electricity MinisterThe Finance Minister, who was appointed to his position as a non-MP, was sworn in on Tuesday. Ramaphosa can now appoint another non-MP to his cabinet.
Source: TheSAnews - 🏆 25. / 59 Read more »

How to raise finance for a business ideaIn this episode Justin Harrison gives advice about raising finance versus bootstrapping a business and reveals some of his biggest tips for taking a business from concept to reality. If you have a question for Justin, voice note it via the WhatsApp line: 061 792 9495 – starting with the keyword “Hustle” and you could be part of the podcast.
Source: ecr9495 - 🏆 38. / 51 Read more »

THE FINANCE GHOST: Yum, and the art of the spin-offThe unbundling of Yum! brands from Pepsico in 1997 is a great example of two good companies doing better apart. The same may well be true of the JSE’s Zeda, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »

THE FINANCE GHOST: Yum, and the art of the spin-offThe unbundling of Yum! brands from Pepsico in 1997 is a great example of two good companies doing better apart. The same may well be true of the JSE’s Zeda, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »