FIN200_Chapter_3_PowerPoint_file_Students.pptVIP

* 3.* * 3.* 3.* 3.* 3.* 3.* 3.* 3.* 3.* 3.* Expanded Du Pont Analysis – Du Pont Data 3-* 甥昼展沏娃捧哟曲朗耙痈荫院山弄庙滋勇盆郴乎脚薯萎壕拘肠掌传艳裙掇FIN200_Chapter_3_PowerPoint_file_StudentsFIN200_Chapter_3_PowerPoint_file_Students Extended Du Pont Chart Insert Figure 3.1 (Extended DuPont Chart) 3-* 跺耘级垒惧湖酝俯南倍妄枉葡股陨省提给用眩糟读嚣密澡惮跟猿座杨作跳FIN200_Chapter_3_PowerPoint_file_StudentsFIN200_Chapter_3_PowerPoint_file_Students Why Evaluate Financial Statements? Internal uses Performance evaluation – compensation and comparison between divisions Planning for the future – guide in estimating future cash flows External uses Creditors Suppliers Customers Stockholders 3-* 补憾汉樊盛迹雅帝摆暖挥祥息挣泞兵状挥使拒啤鲁审举业忻林捎滦路郊绒FIN200_Chapter_3_PowerPoint_file_StudentsFIN200_Chapter_3_PowerPoint_file_Students Benchmarking Ratios are not very helpful by themselves; they need to be compared to something Time-Trend Analysis Used to see how the firm’s performance is changing through time Internal and external uses Peer Group Analysis Compare to similar companies or within industries SIC and NAICS codes 3-* 帜壁促真刽腔藏吊世笨粪萌擎舶鞋己宽父谚霉骇凑琢买驹恰夯录盂泵抨宅FIN200_Chapter_3_PowerPoint_file_StudentsFIN200_Chapter_3_PowerPoint_file_Students Real World Example - I Ratios are figured using financial data from the 2007 Annual Report for Home Depot Compare the ratios to the industry as they are reported in Tables 3.11 and 3.12 in the book Home Depot’s fiscal year ends Feb. 3 Be sure to note how the ratios are computed in the table so you can compute comparable numbers Home Depot sales = $77,349 MM 3-* 强庸爵蝉验铂迄链撼瞎沤矮绝敬态臀怠洲么奈冕断估旺奉忱总羌缄允鸟蜂FIN200_Chapter_3_PowerPoint_file_StudentsFIN200_Chapter_3_PowerPoint_file_Students Real World Example - II Liquidity ratios Current ratio = 1.15x; Industry = 1.7x Quick ratio = .23x; Industry = .4x Long-term solvency ratio Debt/Equity ratio (Debt / Worth) = 1.5x; Industry = 1.1x. Coverage ratio Times Interest Earned = 11.6x; Industry = 4.5x 3-* 弊滓祖挺司像笛樱非滨捌锰肋姐鸡舟乃螺匠酌长蛇渝峨芋韩押塑逞到粒屋FIN200_Chapter_3_PowerPoint_file_Stu