外文翻译
原文
Operation ability analysis
communicate是什么意思Material Source: China's curities nets 05/17/2006 Author:Techever Operation ability fully utilize existing resources to create social wealth ability, can be ud to evaluate the enterpri to its own resources utilization and operating activities ability. Its esnce is to as few as possible resources occupation short turnover time, produce as many products, create as many sales revenue, and to achieve this goal, we must improve enterpri's operation ability level. Operation ability is the asts of the enterpri turnaround to measure the efficiency of the utilization of asts enterpris. The index reflects asts turnover rate have inventory turnover, liquid asts turnover rate, total ast turnover. The faster turnaround speed, it shows that the enterpri of asts into business links, forming the faster the cycle of revenue and profit more short, business efficiency is higher. Operation ability refers to the enterpri ast turnover operation ability, usually can u total ast turnover, fixed ast turnover, flow ast turnover, inventory turnover and accounts receivable turnover the five financial ratios to enterpris' operating capacity for layered analysis.
Operation ability analysis can help investors understand enterpri business conditions and operating management level. With our su ning electric equipment (BBS) (market, for example, 002024) to introduce how to enterpri's investors operating capability analysis. Total ast turnover is to show enterpri sales income and total asts of the ratio of average balance. Suning 2004 sales revenue for 91.1 billion yuan, average total asts of 14 million yuan; 2005 sales income incread to 160.4 billion yuan, the average total asts is incread by 2.3 times, reached 31.9 million yuan. Due to the growing rate of total asts than the sales income increa, total ast turnover down to 5 by lead.cuil
The rate of decline in 2005 with suning opened the new mass are directly related. In order to complete the "national cloth nets" thestrategic pattern, suning in 2005 at 65, a new store new landed 20 cities, and the original logistics, rvice system of radiation radius is limited, so su ning to makes lots of management platform, in order to support
the construction of the urban construction in the same after other stores of logistics and management. This makes su ning expansion strategy initial cost of relatively high.
Current asts turnover is enterpri's sales income and liquidity ratio of average balance. Through t
his ratio analysis, we can further understanding of enterpri in the short term operation ability changes. From statements that su ning 2005 sales income nearly 1.6 billion yuan, growth rate, while the average flow rate reached more than doubled asts. The liquidity didn't bring the same margin large increa of sales income growth, so current asts turnover in 2004 7.36 dropped by the 2005 5.61, explain the efficiency in the u of su ning liquid asts declined.
Fixed ast turnover is mainly ud for analysis of fixed asts such as factory buildings, equipment, the ratio of the utilization efficiency of the higher and higher, explain utilization, management level, the better. If the fixed ast turnover compared with industry average low, then explaining enterpri of fixed asts utilization is low, might affect the enterpri profitability. It reflects enterpri ast utilization degree.
Fixed ast turnover ratio = sales revenue/average net value of fixed asts
andrew eleyThe average net value of fixed asts = (initial equity + final equity) voting 2
Enterpri inside certain period advocate business wu income with average net current asts ratio of total ast utilization, is apprai enterpri another important indexes. It reflects the enterpri liquid asts turnover rate from enterpri all asts, liquidity of the strongest in current asts Angle
of enterpri asts utilization efficiency, in order to further analyze the quality of enterpri asts reveals acoustics major factor. Current asts turnover means certain period for a year) (usually the main business income and total migrant asts ratio of the average balance.therefore, can through to inventory turnover and accounts receivable further analysis of flow ast turnover ratio changes. Suning in stock sales primarily, therefore, accounts receivable accounted for only the liquidity, and inventory 50% 4.75%.
Inventory turnover refers to enterpris and inventory cost of sales average balance ratio. For real estate industry inventory turnover is a very key indicators, real estate industry is very special. Usually, inventory turnover is the sooner the better, and real estate industry inventory quantity bigger, the slower the turnover that the strength of the company is the more abundant. Other industry's inventory turnover for six or ven times a year of general level, in contrast, in the real estate industry a year about a cond, if in six or ven times a year inventory turnover for real estate industry as the company is tiny companies, with a powerful real estate stocks, inventory turnover
are very low, becau must keep a lot of land rerves, land rerve is his inventory, the hous built yet form sales belong to asts range, depend on the achieve sales.Inventory turnover condit
ion can also be expresd with inventory, namely said days once inventory turnover the time required that the shorter days, the faster inventory turnover. Suning 15.05 inventory turnover in 2004 for 2005, this ratio dropped to 10.33. Accordingly, inventory turnover days from 24 days extended to 35 days. Inventory liquidation speed decread obviously, explain suning sales ability may exist problems down or inventory excess.
Accounts receivable turnover refers to the enterpri certain period income and accounts receivable credit average balance ratio. It reflects the company obtained the account receivable from the right to withdraw money, can be converted into cash needed the length of time. Accounts receivable turnover can be ud to estimate the accounts receivable converted speed and management efficiency. Recovery quickly can save money, also shows that enterpri credit situation is good, not easy loss of bad happened. Generally believe that the higher the turnover of the good.This index measure enterpri accounts receivable into cash speed. Becau credit sales income can't easily get, in practice ud more sales income is calculated alternative credit income. Suning customers is mainly individual consumer to both clear of money and goods, trading on the basis of the account receivable credit income proportion is very small, so the sales income data obtained by receivable turnover is very high. In general, the higher the ratio of enterpris that enterpri collection receivab
le and the faster, can reduce the loss of bad, and liquidity strong, enterpri's short-term solvency will also strengthen, in some extent could compensate for the current ratio low adver impact. If the enterpri receivables turnover is too low, then explaining enterpri collection receivable inefficient or credit policy very loo, affect the enterpri u of the capital and capital normal turnover.
On real estate enterpri operation ability of financial analysis framework can mainly from three aspects: building management ability index, accounts receivable turnover and working capital turnover rate. In the three respects bad on real estate enterpri combining the characteristics, the lection of the appropriate financial index on real estate enterpris' operating capability evaluation. This paper puts forward the analysis framework of general applicability, for real estate enterpris and other enterpris in the operation of the managers do provide quantitative basis for decision-making and analysis methods.
Through the ca analysis can be found that, becau the influence of asts turnover rate, total asts yield level but not necessarily advocate business wu income consistent with gross margin. And commercial real estate and industrial real estate, residential real estate than x where profit margins, so vanke's sales income margin incread year by year, but despite highest when still about 41%, but the lujiazui, and the land is provided income can be as high as 80% gross margin, co
fco property of materials processing income also can achieve 75% gross margin. From the trend, the incomes of the three companies are in growth state gross margin. But becau the operating cash flow is low, the efficiency high profit margins of the lujiazui and cofco real estate but show low on total asts.
temporary是什么意思>schoutenThree real estate enterpri operations in there is a common problem, namely the working capital turnover rate is too slow. Operation ability of the enterpri of the scale of operations and different difference were real estate enterpri can cau inventory turnover rate and working capital turnover rate is different. Residential property turnover rate x than commercial real estate and industrial real estate, so vanke faster the inventory turnover faster than lujiazui, cofco property becau small in scale, the turnover rate clo to YuWanKe. But in recent years due to land prices continue to ri, real estate enterpris have been through a lot of store, extend the project development period and so on the way to getting the higher profit margin. Thus the current real estate enterpris in our country there are a large amount of inventory turnover, slow ills.
译文
营运能力的分析
怎样提高自己的表达能力六级英语作文万能模板
资料来源：中国证券网05/17/2006作者：Techever
营运能力是充分利用现有资源创造社会财富的能力，可以用来评价企业对其拥有资源的利用程度和营运活动能力。其实质是要以尽可能少的资源占用，尽可能短的周转时间，来产生出尽可能多的产品，创造出尽可能多的销售收入，而要实现这个目的，就必须要提高企业的营运能力水平。营运能力是以企业各项资产的周转速度来衡量企业资产利用的效率。反映资产周转速度的指标有存货周转率、流动资产周转率、总资产周转率。周转速度越快，表明企业的各项资产进入经营环节的速度越快，形成收入和利润的周期就越短，经营效率就越高。营运能
力指的是企业资产的周转运行能力，通常可以用总资产周转率、固定资产周转率、流动资产周转率、存货周转率和应收账款周转率这五个财务比率来对企业的营运能力进行逐层分析。
营运能力分析可以帮助投资者了解企业的营业状况和经营管理水平。我们以宁电器(行情，论坛)(002024)为例，向投资者介绍如何进行企业的营运能力分析。
总资产周转率是指企业的销售收入与总资产平均余额的比率。宁2004年销售收入为91.1亿元，平均总资产为14亿元；2005年销售收入增加到160.4亿元，平均总资产更是增长了2.3倍，达到31.9亿元。由于总资产的增长幅度超过了销售收入的增长幅度，总资产周转率由6.49下降到5。
北京澳际该比率的下降与宁在2005年大规模开新店有直接的关系。为了完成“全国性布网”的战略格局，宁在2005年新开门店65家，新登陆了20多个城市，而原先的物流、服务体系的辐射半径有限，因此宁要进行大量的管理平台的建设，以此来支撑以后在同一个城市建设其他卖场的物流和管理。这使得宁扩战略的初始成本相对较高。
固定资产周转率主要用于分析对厂房、设备等固定资产的利用效率，比率越高，说明利用率越高，管理水平越好。如果固定资产周转率与同行业平均水平相比偏低，则说明企业对固定资产的利用率较低，可能会影响企业的获利能力。它反应了企业资产的利用程度。
固定资产周转率=销售收入/平均固定资产净值
固定资产平均净值=(期初净值+期末净值)÷2
企业一定时期主营业务收入净额同平均流动资产总额的比率，是评价企业资产利用率的另一重要指标。它反映了企业流动资产的周转速度，是从企业全部资产中流动性最强的流动资产角度对企业资产的利用效率进行分析，以进一步揭示音响企业资产质量的主要因素。流动资产周转率是指一定时期(一般为一年)的主营业务收人与全部流动资产平均余额的比值。通过这个比率的分析，我们可以进一步了解企业短期营运能力的变化。从报表中看出，宁2005年销售收入近160亿元，增长幅度达到42.9%，而平均流动资产增加了一倍以上。流动资产的大量增加没有带来同样幅度的销售收入的增长，因此流
旋转木马的英文动资产周转率由2004年的7.36下降到2005年的5.61，说明宁流动资产的利用效率有所下降。
双语学习存货和应收账款是流动资产的主要组成部分，因此，可以通过对存货周转率和应收账款进一步分析流动资产周转率的变化。宁以现货销售为主，因此，应收账款仅占流动资产的4.75%，而存货占50%。
存货周转率指的是企业的销售成本与存货平均余额的比率。存货周转率对于房地产行业是一个非常关键的指标，房地产行业是比较特殊的。通常的来说存货
