Media Summary: R&D is really capital expenditures (for technology and pharmaceutical companies) but accountants treat it as operating expenses. The return on equity and invested capital are key to estimating growth and Accountants routinely miscategorize leases and treat them as operating expenses (instead of financial expenses). In this
Valuation Tools Webcast 3 Implied - Detailed Analysis & Overview
R&D is really capital expenditures (for technology and pharmaceutical companies) but accountants treat it as operating expenses. The return on equity and invested capital are key to estimating growth and Accountants routinely miscategorize leases and treat them as operating expenses (instead of financial expenses). In this In this session, I take you on a guided tour of the latest version of my In this session, we look at the process of estimating potential dividends (FCFE) and comparing that number to cash returned. Financial statements are increasingly filled with fluff and knowing how to separate what matters from what does not is critical.
