cashflowanalysis(英文版)-資料下載頁
2025-02-09 08:52本頁面
【正文】 522 Charges for reanization 1,483 Deferred ine taxes 658 Acquired inprocess RD charges 332 Sales of investments businesses (1,570) Deferred ine taxes 239 Writedown on impaired investments 405 Receivables (1,471) Inventories (2,305) Other assets (532) Accounts payable (666) Other Liabilities (514) Cash from Operations (1,164) 2023/2/28 22 Cash Flow Analysis Cooking! ? Controlling discretionary expenses – Repairs maintenance – Training development – Travel ? Increasing revenue –“Stuffing the channels” ? Lying 2023/2/28 23 Cash Flow Analysis Enronitis ? Enron ? Dynergy Inc., Reliant Resources Inc., CMS Energy ? Tyco ? GE ? Boeing ? IBM 2023/2/28 24 Cash Flow Analysis 3 Key Financial Aspects of a Business 1. Cash Flows 2. Maintaining Solvency 3. Profitability 2023/2/28 25 Cash Flow Analysis Solvency Again ? The Current Ratio: Test of ShortTerm Solvency – Current Ratio = current assets / current liabilities General Rule of thumb: Should be greater than 2 to get a short term loan ? The Quick Ratio (The acid test ratio) – Quick Ratio = (Cash + AR) / Current Liabilities Should be less than 1 2023/2/28 26 Cash Flow Analysis Solvency 2 ? Debt to Equity Ratio – Debt to Equity = Total Liabilities / Total Equity Measure of “l(fā)everaging” of debt. Usually kept below 1 ? Times Interest Earned Ratio – TIER = Operating Earnings / Interest Expense Higher is better, must stay above 1 2023/2/28 27 Cash Flow Analysis Profitability ? Return on Sales Ratio – Return on Sales Ratio = Net Ine / Revenue ? Return on Equity – ROE = Ine / Stockholders Equity Should beat other investment options considering risk ? Return on Assets – ROA = Ine / Total Assets Measured against panies borrowing interest rate 2023/2/28 28 Cash Flow Analysis We just covered ? How to calculate and a corporations Cash Flow analysis ? How to evaluate the solvency of a pany based on its balance sheet and cash flows 2023/2/28 29 Cash Flow Analysis For Yourself ? Read pages 68 158 of Tracy’s book 2023/2/28 30 Cash Flow Analysis 演講完畢，謝謝觀看！
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