What this is
Per year: line/revenue; trademark royalty/revenue; residual = line - trademark royalty.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- FiledLicence and royalty expenses as % of revenue series, FY2018-FY2025
- FiledLicence and royalty expenses growth, FY2018-FY2025
- EstimateLicence and royalty expense % revenue and third party residual, FY2019
Show the working
- Per year: line/revenue
- trademark royalty/revenue
- residual = line - trademark royalty
- FY2025: 6771/83530 = 8.11%
- 2965/83530 = 3.55%
- 6771-2965 = 3806 (4.56%)
- CAGR (6771/2777)^(1/6)-1 = 16.0%
- residual (3806/1372)^(1/6)-1 = 18.5