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NEXA . BUSINESS AVIATION . PART II . 21

GLOSSARY
Asset Utilization  Asset utilization measures a company’s ability to make best use of its     sales-generating resources, such as accounts receivable, inventory,
   and fixed assets. Efficient management and tight control of assets is     essential to any successful business.
CAGR   Compounded Annual Growth Rate.
   [Current Value / Base Value] ^ [1 / # periods] - 1.
EBITDA   Earnings Before Interest, Taxes, Depreciation, and Amortization
Enterprise Value An economic measure reflecting the market value of a business,     calculated as market cap plus debt, minority interest and preferred     shares, minus total cash and cash equivalents, and one of the      fundamental metrics used in business valuation, financial modeling,     accounting, and portfolio analysis.  It can be thought as the takeover     price for a company and is often considered more comprehensive
   than market cap because it includes debt in its calculation.
　
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