In this case, an EBlT might be a little bit more informative.

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

Because in the last video I talked a little bit about return on asset, where we just took the operating profit, and we divide that by the assets.

(Laughter)

I guess you could say non cash assets, right?

Your real estate agent, when is she supposed to come back?

I'm a salesman. My name's Neil.

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

And this is the profit from the operations of the company, or you could say from the assets or from the business or from the enterprise of the company.

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

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

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

And what type of a return can they get?

I found a small piece of recruitment ads.

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

Capital intensive industries are not necessarily knowledge intensive industries.

And then you had another 1 million of assets of this 10 million.

Tell us about what Benetech does.

Howard Winklevoss founded a firm whose assets are in the hundreds of millions.

EBlT in this case would be the operating profit plus this investment income.

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

Myself.

And I know a little bit about these issues, because, for many years, I spent a long time in the non profit industrial complex, and I'm a recovering executive director, two years clean.

I was in Southern California

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.

The University of the People is the first ever non profit, tuition free online University.

So its assets.

Audio by Bob Hates Frank

But anyway, here I want to figure out what is my return on asset?

So you can say assets of the firm.

Let me write that.

It says if you have an identical asset and it's being managed identically, which it is in this case, they will generate an identical amount of operating profit.

That assets, A for assets, is equal to

The development of the computer industry has been very rapid.

Well there are, in a few suburbs.

I'm talking about all companies.

Open 24 hours.

And so their operating profit, the amount of pre tax income, but you know, we're not considering financing either, so this is their operating profit or their EBlT.

Malibu Equity and Investments.

As economy develops, labor intensive industries give way to capital intensive industries.

The kids make up the names of the countries some are rich some are poor.

The last area is profit itself.

Now unfortunately for you the housing market has deflated dramatically

But now, over this period of time, over 2008, 2008 happens.

A health food company.