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  2. Clean surplus accounting - Wikipedia

    en.wikipedia.org/wiki/Clean_Surplus_Accounting

    The secondary use is to estimate the cost of capital, as an alternative to e.g. the CAPM. The "clean surplus" is calculated by not including transactions with shareholders (such as dividends , share repurchases or share offerings) when calculating returns; whereas standard accounting for financial statements requires that the change in book ...

  3. Rate of return - Wikipedia

    en.wikipedia.org/wiki/Rate_of_return

    Capital gain/loss = $103.02 − $104.06 = -$1.04 (a capital loss) For U.S. income tax purposes therefore, dividends were $4.06, the cost basis of the investment was $104.06 and if the shares were sold at the end of the year, the sale value would be $103.02, and the capital loss would be $1.04.

  4. Stochastic discount factor - Wikipedia

    en.wikipedia.org/wiki/Stochastic_discount_factor

    The concept of the stochastic discount factor (SDF) is used in financial economics and mathematical finance. The name derives from the price of an asset being computable by "discounting" the future cash flow x ~ i {\displaystyle {\tilde {x}}_{i}} by the stochastic factor m ~ {\displaystyle {\tilde {m}}} , and then taking the expectation. [ 1 ]

  5. Cost of capital - Wikipedia

    en.wikipedia.org/wiki/Cost_of_capital

    The equity market real capital gain return has been about the same as annual real GDP growth. The capital gains on the Dow Jones Industrial Average have been 1.6% per year over the period 1910–2005. [3] The dividends have increased the total "real" return on average equity to the double, about 3.2%.

  6. Royalty rate assessment - Wikipedia

    en.wikipedia.org/wiki/Royalty_rate_assessment

    The term 'interest rate' used above is an approximation for the economist's discount rate (see below) . It is not the inflation rate or the bank rate but the latter are parts of it. The discount factors (DF) of 0.9091,0.8264, etc. are generated from the 'compound interest' formula: DF = 1/ (1+ r) n. where r is the discount rate

  7. Tax amortization benefit - Wikipedia

    en.wikipedia.org/wiki/Tax_amortization_benefit

    TAB factor is the value assuming end-year discounting; t is the corporate tax rate applicable to the future amortization of the asset; n is the tax amortization period of the asset in years; k is the discount rate; The corporate tax rate as well as the tax amortization period are defined by country-specific tax legislations.

  8. Nayax Reports Fourth Quarter and Full Year 2024 Results

    lite.aol.com/tech/story/0022/20250304/9388631.htm

    We are well-positioned for 2025, with revenue growth guidance of 30% to 35%, of which at least 25% is expected to be organic, as we continue to grow our installed base globally and capture market share.

  9. Character (income tax) - Wikipedia

    en.wikipedia.org/wiki/Character_(income_tax)

    The IRS characterizes income or loss as a capital gain or loss depending on how the taxpayer generates the gain or loss. When the taxpayer invests in real estate or security and then later sells that piece of real estate or security, the IRS characterizes the amount that exceeds the purchase price as capital income while the amount that falls short of the purchase price is capital loss.