公司理财公式.doc

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1、.Assets=Liabilities+Shareholders’equityRevenues–Expenses=IncomeEarningspershare=Netincome/TotalsharesoutstandingDividendspershare=Totaldividends/TotalsharesoutstandingCashflowfromassets=Cashflowtocreditors(bondholders)+Cashflowtostockholders(owners)Cashflowfromassets=Operatingcashflow-Netcapitalsp

2、ending-ChangeinnetworkingcapitalOperatingcashflow=Earningsbeforeinterestandtaxes(EBIT)+Depreciation-TaxesNetcapitalspending=Endingnetfixedassets-Beginningnetfixedassets+DepreciationChangeinnetworkingcapital(NWC)=EndingNWC-BeginningNWCCashflowtocreditors=Interestpaid-NetnewborrowingCashflowtostockh

3、olders=Dividendspaid-NetnewequityraisedCurrentratio=Currentassets/CurrentliabilitiesQuickratio=(Currentassets-Inventory)/CurrentliabilitiesCashratio=Cash/CurrentliabilitiesNetworkingcapitaltototalassets=Networkingcapital/TotalassetsIntervalmeasure=Currentassets/AveragedailyoperatingcostsTotaldebtr

4、atio=(Totalassets-Totalequity)/TotalassetsDebt-equityratio=Totaldebt/TotalequityEquitymultiplier=Totalassets/TotalequityLong-termdebtratio=Long-termdebt/(Long-termdebt+Totalequity)Timesinterestearnedratio=EBIT/InterestCashcoverageratio=(EBIT+Depreciation)/InterestInventoryturnover=Costofgoodssold/

5、InventoryDays’salesininventory=365days/InventoryturnoverReceivablesturnover=Sales/AccountsreceivableDays’salesinreceivables=365days/ReceivablesturnoverNWCturnover=Sales/NWCFixedassetturnover=Sales/NetfixedassetsTotalassetturnover=Sales/TotalassetsProfitmargin=Netincome/SalesReturnonassets(ROA)=Net

6、income/TotalassetsReturnonequity(ROE)=Netincome/TotalequityPEratio=Pricepershare/EarningspershareMarket-to-bookratio=Marketvaluepershare/BookvaluepershareROE=(Netincome/Sales)*(Sales/Assets)*(Assets/Equity)ROE=Profitmargin*Totalassetturnover*EquitymultiplierDividendpayoutratio=Cashdividends/Netinc

7、omeInternalgrowthrate=(ROA*b)/(1-ROA*b)Sustainablegrowthrate=(ROE*b)/(1-ROE*b)Capitalintensityratio=Totalassets/Sales=1/Totalassetturnover若出现任何拼写错误，概不负责。精选word范本！