reallymodifieddupontanalysisfiveways(真正修改后的杜邦分析法五種方式改善)-外文翻譯-資料下載頁
2024-11-03 06:00本頁面
【導(dǎo)讀】和財務(wù)控制，作為企業(yè)財務(wù)困難和最終破產(chǎn)的最主要原因之一，已被廣泛的記載。他們的從企業(yè)中獲得的回報。在這方面，比率分析提供了豐富且有益的信息。其是，改進(jìn)后的杜邦模型可以在關(guān)注提高回報率時加強決策。本文：1、解釋了。的實際的方向，3、討論了該模型作為一種戰(zhàn)略管理工具，對于小企業(yè)的所有者，管理人員和顧問的影響。了占該公司23%股權(quán)的股票。高公司凈資產(chǎn)收益率的直接目標(biāo)。形成與凈資產(chǎn)收益率相結(jié)合的五個不同的比率。一個公司的凈資產(chǎn)收益率最終決定因素是營業(yè)稅收的發(fā)生。與此同時凈資產(chǎn)收益率也將上升。再融資的成本下降將減少現(xiàn)有的貸款利息開支，因此，增加凈資產(chǎn)收益率。行使未使用的信貸可以增加一些相應(yīng)的財務(wù)結(jié)構(gòu)比例，使得凈資產(chǎn)收益率增加?？傊?，凈資產(chǎn)收益率是評價一個公司的盈利情況的最全面的指標(biāo)。在“真正”修改的杜邦模型中，凈資產(chǎn)。業(yè)主，經(jīng)理和顧問們評估和提出改善建議的所擁有一個工具。
【正文】 is to reduce expenses, a small business owner can try to lower expenses by determining: 1) if a new supplier might offer equivalent goods at a lower cost, or 2) if a website might be a viable alternative to a catalog, or 3) can some tasks currently being done by outsiders be done inhouse. In each case ine will rise without any increase in sales and ROE will rise as , small business owners can determine if they are using debt wisely. Refinancing an existing loan at a cheaper rate will reduce interest expenses and, thus, increase ROE. Exercising some of an unused line of credit can increase the financial structure ratio with a corresponding increase in ROE. And, taking advantage of tax incentives that are often offered by federal, state, and local taxing authorities can increase the tax effect ratio, again with a mensurate increase in ROE. In conclusion, ROE is the most prehensive measure of profitability of a firm. It considers the operating and investing decisions made as well as the financing and taxrelated decisions. The “really” modified Du Pont model dissects ROE into five easily puted ratios that can be examined for potential strategies for improvement. It should be a tool that all business owners, managers, and consultants have at their disposal when evaluating a firm and making remendations for improvement. References [1].Blumenthal, Robin G..This is the gift to be simple: Why the 80yearold Du Pont model still has fans, CFO Magazine, January, 1998, pp. 13. [2].Brigham, Eugene F. and Houston, Joel F. Fundamentals of Financial Management, Concise Third Edition, Harcourt Publishers, 2020. [3].Bruno,A,Leidecker, J. and Harder, J. Why firms fail,Business Horizons, March/April 1987, . [4].Burson, Robert, Tools you can use for improved ratio analysis, San Diego Business Journal, 12/07/98, Vol. 19, Issue 49, pp. 1923. [5].Devine, Kevin and Seaton, Lloyd. An examination of quarterly financial ratio stability: implications for financial decision making, Journal of Applied Business Research, Winter, 1995, pp. 8198. [6].Gaskill, L.,Van Auken,H and Manning,R. A factor analytic study of the perceived causes of small business failure,Journal of Small Business Management, 1993, 31, pp. 1831. [7].Gill, James O. Financial Basics of Small Business Success, Crisp Publications, 1994. [8].Gitman, Lawrence J. Principles of Financial Management, 8th Edition, Addison Wesley Publishers, 2020. [9].Harrison, Diana and Wilson, Brent. Corporate Financial Analysis, Business Publications, Inc. 1986. [10].Hawawini, G. and Viallet. Finance for Executives, SouthWestern College Publishing, 1999. [11].Lauzen, L. Small business failures are controllable, Corporate Accounting, Summer, 1985, pp. 3438. [12].Osteryoung, Jerome and Constand, Richard. Financial ratios in large public and small private firms, Journal of Small Business Management, July, 1992, pp. 3547. [13].Slater, Stanley, and Olson, Eric. A valuebased management system, Business Horizons, September/October, 1996, pp. 4852. [14].Wood, D. L. Why new businesses fail and how to avoid disaster, Corporate Cashflow, August 1989, pp. 2627.
公司管理相關(guān)推薦
鄂ICP備17016276號-1