EBITDA MARGIN
  Definition
  
This multiple is a measure of EBITDA divided by Net Sales.

  Calculation Rules
  
EBITDA / Net sales (in %)

  Comment
  
EBITDA margin measures the extent to which cash operating expenses use up revenue.
EBITDA margin is often more useful than operating margin for the same reasons that EBITDA is more useful than operating profit - it excludes non-cash items such as depreciation.

  Reference
  
Net sales

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