公司金融分析CFA 25410 Lect 02 analyse corp1.pptx

Who is interested?Financial statement analysisComparative ratio analysis;OBJECTIVES introduce the tools to analysing corporate performance DO LIST Identify users of financial statements Explain effects of different accounting policies Calculate profitability, efficiency, leverage and capital market ratios Analyse profitability using growth rates Analyse asset utilisation and capitalisation Calculate sustainable growth rates Analyse a company using market ratios and performance versus risk ratios Identify appropriate comparisons for ratio analysis ;Who are the users of Financial Statements?;Tutorial Question 1(for tutorial in week 3);Another Review of Financial Statements;Financial Statement Analysis;Inventory Methodsdifferent income inventory value;Tutorial Question 2(for tutorial in week 3);Key Ratios - Summary;Key Ratios - Summary;Profitability Ratios;Profitability Ratios;Profitability Ratios;Profitability analysis using common-size statements;Profitability using Growth Rates;Profitability using Growth Rates;Profitability;Tutorial Question 3(for tutorial in week 3);Key Ratios - Summary;Asset Utilisation Ratios;Asset Utilisation Ratios;Asset Utilisation Ratios;Asset Utilisation Ratios;Asset Utilisation Ratios;Asset Utilisation Ratios;Key Ratios - Summary;Capitalisation Ratios;Capitalisation Ratios;Capitalisation Ratios;Capitalisation Ratios;Capitalisation Ratios;Capitalisation Ratios;Sustainable Growth Rates;Sustainable Growth Rates;Key Ratios - Summary;Market Ratios;Market Ratios;Market Ratios;Summary;Return vs Risk Performance Ratios;Return vs Risk Performance Ratios;Comparative Ratio Analysis