Net Operating Profit After Tax or NOPAT is a company's after-tax operating profit for all investors, including shareholders and debt holders.Moneyterms.co.uk. NOPAT It is defined as followsinvestopedia.com. NOPAT:

NOPAT = Operating Profit x (1 - Tax Rate)

This assumes that the company had no debt. An alternative formula is as followsevanomics.com. Calculate NOPAT

NOPAT = Net Profit After Tax + Interest Expenses

NOPAT is frequently used in EVA calculations.

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