【文章內(nèi)容簡介】
– Operating efficiency Financial Leverage ? Debt ratio ? Interest coverage to ta l d e b tD e b t r a tio =to ta l a sse te r a ning s e f or e inte r e st a nd ta xe sinte r e st c ov e r a ge =inte r e st e xp e nseProfitability ? Profit margin ? Return on Asset (ROA) ? Return on equity(ROE) ne t i nc om ene t pr of it m a r gin=tota l op e r a ti ng r e v e nu eE B I Tr e tu r n o f a s s e t=to ta l a s s e tne t i nc om er e tur n on e quit y =a v e r a ge sha r e hol de r s39。 e quit yDu pont identity ? ROE=profit margin*asset turnover*equity multiplier n e t inc o m e tota l o p e r a ting r e v e n u eRO E = *tota l o p e r a ting r e v e n u e a v e r g e to ta l a sse ta v e r a g e to ta l a sse ts *a v e r a g e sto c k h o l e r s39。 e q u ityDu pont identity ? The Du pont identity shows ROE is affected by three things – Operating