Financial Ratios
Activity Ratios
1 Receivables Turnover 应收账款周转率 =
1.2 Days of sales outstanding 应收账款周转天数 =
2.1 inv turnover =
2.2 days inv on hand =
3.1 payable turnover 应付账款周转天数 =
3.2 number of days payable =
4.1 total ast turnover =
4.2 fix ast turnover =
4.3 working capital turnover = Working capital = 流动资产 - 流动负债
LIQUIDITY RATIOS 短期偿债比率
1.1 流动比率current ratio = = |
1.2 速动比率 quick ratio = |
1.3 现金比率 cash ratio = |
1.4 速动资产够用天数 defensive interval = |
1.5 cash conversion cycle = days sales outstanding + days inv. on hand - days payable |
|
Current ast = current liabilities + cash + marketable curities + receivables + inventories
SOLVENCY RATIOS
出暖花开1.1 D to E （D：短期债，一年内到期的长期债，剩余长期债）
1.2 D to A （严格来说A要从ast中扣除 deferred tax liabilities and average payables)
1.3 debt to capital = 1.4 Financial leverage = A:E
1.5 Interest coverage = EBIT: interest 1.6 fixed charge coverage =
PROFITABILITY RATIOS
课程设计致谢1.1 Net profit margin = profit / sales or net income/revenue
1.2 Gross profit margin = gross profit / revenue
1.3 operating profit margin = EBIT / revenue
2.1 Gross profit = net sales - COGS
2.2 Operating profit = EBIT
2.3 Net income = net income before dividends
2.4 Total capital = long-term capital + short-term capital + common and preferred equity = Total Ast
3.1 return on common E =
It only measures the accounting profits available to , and the capital invested by, common stockholders,instead of common and preferred stockholders.
3.2 ROE = net income / Equity
3.3 return on asts =
To add interest adjusted for tax back to net income puts the returns to both equity and debt holders.
古诗诗句
3.4 ROA=net income / A
The DuPont analysis method: to decompo ROE
ROE = | | | |
Net profit margin | Ast turnover | Equity multiplier/ leverage ratio |
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ROE= | | | | | |
Tax burden 兔子灯图片 | Interest burden | EBIT margin | Ast turnover | 纸青蛙怎么叠 Equity multiplier/ leverage ratio |
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(sales - COGS = gross profit
gross profit - operating expens(SG&A）= EBIT(operating profit)
EBIT -I-T=net income
net income - preferred dividend = income available for common stockholders )
