So these assets might be generating non operating income.

Because some of income might be generated from non operating assets.

Non operating income.

This guy has some non operating assets, although it's officially part of the company.

While this guy, he borrowed some money and he even had some non operating assets.

That's cash. Non cash assets.

But if you really consider all of the assets, and if you assume that there are some assets there that are non operating.

Then whatever this generates is actually non operating income.

I guess you could say non cash assets, right?

But if the assets are worth operating, they'll continue to operate.

Let's say out of this 10 million of assets, let's say that 9 million are operating assets.

ROA, I would say it's EBlT over assets, which is very close to operating profit over assets.

But when I talk about the asset, I'm talking about only the operating assets.

And then the very first definition I gave you was operating profit over assets.

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.

Operating System

Operating system

And the reason why there's a different term is, sometimes you can have the non operating profit.

So assets.

Total assets.

So operating profit.

That assets, A for assets, is equal to

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I see the memory operating, I see the CPU operating,

I hear it operating. I probably smell it operating. (Laughter)

I didn't want to go there in the first video, and that's why I just said operating profit divided by assets.

And so you can already imagine that both EBlT and the way I defined it initially, operating profit divided by assets.

But the assets keep operating, and that's why some people are a little bit misleading in this whole automotive bankruptcy debate.

So the total assets were 5 billion in assets.

Non.

Non!

That's its assets.

Other current assets.

So its assets.

These are assets.

Choose Your Operating System

RPC Modern operating systems

RAP Older operating systems

So their operating profit.

This was operating profit.

RANDALL Operating right now.

What's your operating number?

And you don't know what is operating, but something is operating there.

They're generating the operating profit, and that's a very important thing to realize in the future when we talk about return on assets.

Non Proportional