第八章 财务指标汇总分析.pdf

学 院 经济与贸易学院 专 业 电子商务 学生姓名 周艺新 12/27/2011 1:33:23 PM 指标汇总 流动性 liquidity 主要指标： 企业应收货款的流动性可以通过如下指标进行衡量： 期末应收账款的回收天数（单位：天）days’sales in receivable 应收账款周转率（单位：次）accounts receivable turnover 应收账款周转天数（单位：天）accounts receivable turnover in days 存货流动性分析liquidity of inventory 期末存货周转天数（单位：天）days’sales in inventory 存货周转率（单位：次数）inventory turnover per year 存货周转天数（单位：天）inventory turnover in days 运营周期operating cycle 流动资产与流动负债之比current asset compared with current liabilities 营运资本working capital 流动比率current ratio 酸性测试比率acid-test ratio 现金比率cash ratio 销售额与运营资本比（运营资本周转率）sales to working capital （working capital turnover ） 经营现金流量/本期到期的长期债务与本期应付票据之和Operating cash flow/current maturitiesof long-term debt and current notes payable 长期债务偿还能力long-term debt-paying ability 主要分析指标： 利息保障系数times interest earned 固定费用偿付能力fixed charge coverage 负债比率debt ratio 产权比率debt/equity ratio 负债与有形净值比率debt to tangible net worth ratio 债务保障比率operating cash flow/ total debt 盈利能力profitability measures 评价主要指标： 净利润率net profit margin 全部资产周转率total asset turnover 资产回报率return on assets 经营利润率operating income margin 经营资产周转率operating asset turnover 经营资产报酬率return on operating assets 销售额与固定资产之比sales to fixed assets 资产报酬率return on investment 全部资产报酬率return on total equity 普通股权益报酬率return on common equity 毛利率gross profit margin 投资者分析investor analysis 主要指标： 财务杠杆程度computation of the degree of financial leverage 普通股每股收益earnings per common share 市盈率price/earnings ratio 留存收益率percentage of earnings retained 股利支付率dividend payout ratio 股利与市价比率dividends yield 每股账面价值book value per share 每股经营现金流量operating cash per share 期权的重要性materiality of options