Recurring items
Income and expenses that reproduce from period to period and are therefore usable for forecasting the future result.
How to read the number
Splitting items into recurring and one-off is the first step of any valuation: only the first kind may be extended into the future.
When the metric lies
The one-off repeats more often than the word suggests: for a company that writes assets down every year, the write-off has long since become a recurring item.
Also known as: repeatable items