1. PRIMARYINVESTMENTRATIO (=RETURNONEQUITY) NETPROFITBEFOREINTEREST&TAX** SHAREHOLDERSFUNDS **Thisisalsocalled'Earningsbeforeinterestandtax'(EBIT)Note:Shareholdersfunds=EQUITY2. RETURNONCAPITALEMPLOYED(ROCE)= NETPROFITBEFOREINTEREST&TAX SHAREHOLDERSFUNDS+LONG-TERMLOANS++++Shareholdersfunds+longtermloans=CAPITALEMPLOYEDNote:. GROSSPROFITMARGIN= GROSSPROFIT SALESNote:profitmargin,profit(=EBIT)forgrossprofitEFFICIENCYRATIOS4. PRIMARYUTILISATIONRATIO (=ASSETTURNOVER=SALESVALUETOCAPITALEMPLOYED) SALES CAPITALEMPLOYED5. AVERAGESTOCKTURNOVERPERIOD AVERAGESTOCKHELDx365 COSTOFSALESAlternatively,couldcalculatestock(=inventory)turnover SALES AVERAGESTOCKNote:closingstock(stockattheendoftheyear)isoftensubstitutedforaveragestock!6. AVERAGESETTLEMENTPERIODFORDEBTORS TRADEDEBTORSx365 CREDITSALESNote:. PRIMARYLIQUIDITYRATIO (=CURRENTRATIO) CURRENTASSETS CURRENTLIABILITIES8. ACIDTESTRATIO CURRENTASSETSLESSSTOCK CURRENTLIABILITIESGEARINGRATIOS9. PRIMARYFINANCINGRATIO (=FINANCIALLEVERAGEMULTIPLIER) CAPITALEMPLOYED SHAREHOLDERSFUNDS Alternatively,couldcalculateBASICGEARING LONG-TERMLOANS(=longtermdebt) CAPITALEMPLOYED10. INTERESTCOVERRATIO(=Timesinterestcovered) PROFITBEFOREINTEREST&TAX INTERESTPAYABLE11. DEBTTOEQUITY LONGTERMLOANS SHAREHOLDERSFUNDSINVESTME
Ratiohandout 来自淘豆网www.taodocs.com转载请标明出处.