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Финансовый анализ PowerPoint PPT Presentation


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Финансовый анализ. Анализ представляет собой процедуру мысленного, а также часто и реального расчленения объекта или явления на части процедурой, обратной анализу является синтез. Финансовый анализ.

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Финансовый анализ

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()

  • , , .

  • :

    (), 2001/2000

    = 401049783- 384307629=16742154


()

, .

:

:


(), 2001/2000


  • ,

    1,04*100% = 104%


  • 100%

    104% - 100% =4%



  • .


()




2000



  • 1>1

  • 2 > 2

  • 3 > 3

  • 4 < 4



Maksevime anals

:

  • (lhiajalised likviidsuse nitajad)

  • . (pikaajalised maksejulisuse nitajad)

    , .


(lhiajalised likviidsuse nitajad)

, :


(Currentratio; Maksevime ldine tase vi lhiajalise vla kattekordaja)

:

  • 1,6 -

  • 1,2 1,59 -

  • 0,9 1,19

  • 0,9 -


CR SAKU AS


(Quickratio; Likviidsuskordaja/happetest)

:

  • 0,9

  • 0,6 0,89

  • 0,3 0,59 -

  • 0,3 -


QR SAKU AS


(Cashratio; kohese maksevime kordaja)


CaR SAKU AS


  • (Net working capital to total assets, puhaskibekapital varades)


WCA SAKU AS


( , )

Pikaajalise maksevime nitajad


(Debt ratio, vlakordaja)


DR SAKU AS


(Stockholders equity ratio,

omakapitali osakaal vara)

  • ER = 1 DR


ER SAKU AS


Soliidsuskordaja


(Debt equity ratio,

Vla/omandi suhtes)


DER SAKU AS


(Ratio of long-term debt to total capitalization,

Kapitaliseerituskordaja)


(Interest coverage ratio,

intressikulude kattekordaja)



( total assets turnover ratio,

varade tootlus)



365 360

90

30


TATR SAKU AS


(fixed assets turnover ratio,

phivara kibesagedus)


FATR SAKU AS


(current assets turnover ratio, kibekapitali kibesagedus)


CATR SAKU AS


(inventory turnover ratio, kibekordaja)


  • Days Inventory


ITR SAKU AS


(account receivable turnover ratio, ostjatelt raha laekumise kibesegadus)


(days sales outstanding,

debitoorse vlgnevuse siduvuse aeg)


RTR SAKU AS


  • (accounts payable turnover, kreditoorse vlgnevuse ringluskiiru


= +


(days payable, kreditoorse vlgnevuse kestvus pevades)


APT SAKU AS


  • = +

  • =



.

Rentaabluse miste


(return on total assets ratio,

Varade puhasrentaablus)


ROA SAKU AS


(return on stockholders equity ratio, omakapitali rentaablus)


ROE SAKU AS


ROE>ROA

ROE=ROA


(return on total capitalization ratio, investeeringute rentaablus)


ROC SAKU AS


(Gross profit magin,

Kibe kogurentaablus)

1 GPM =


GPM SAKU AS


(Operating profit margin, rirentaablis)


OPM SAKU AS


  • (Net profit margin, Kibe puhasrentaablus)


NPM SAKU AS


, .


(Book value per share,

omakapitali suurus aktsia kohta)


(Earnings per share,

tulu he aktsia kohta)


(Dividends per share,

dividend he lihtaktsia kohta)


(Payout ratio,

puhastulu kohta tulev jaotamata tulu)


(Retained earnings ratio,

puhastulu kohta tulev jaotamata tulu)

  • RER = 1- PR


(Price-earnings ratio,

aktsia turuvrtus)


.


SAKU AS



G SAKU AS


  • Z- .

  • Z 2,675, .


Z-


Z-


(Taffler) (Tishaw)


(Taffler) (Tishaw)

  • Z 2,99

  • Z 1,81 .


.

  • Z = 0, 50%.

  • Z < 0, 50% Z.

  • Z > 0, 50% Z.


-


-

  • <0,37 ;

  • 0,37<<1,22 ;

  • >1,22 .


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