杜邦分析 同仁堂.docxVIP

杜邦分析净资产收益率9.41%????? 总资产收益率6.0304%X权益乘数1/(1-0.21)=资产总额/股东权益=1/（1-资产负债率）=1/（1-负债总额/资产总额）x100％主营业务利润率8.7874%X总资产周转率0.6863%=主营业务收入/平均资产总额=主营业务收入/(期末资产总额+期初资产总额)/2期末:4,922,265,936期初:4,549,451,634 ????????? 净利润285,610,660/主营业务收入3,250,219,884?主营业务收入3,250,219,884/资产总额4,922,265,936????????主营业务收入3,250,219,884-全部成本2,750,835,859+其他利润-141,688,661-所得税72,084,704?流动资产3,798,905,055+长期资产1,123,360,881????主营业务成本1,861,500,228营业费用635,179,357管理费用256,232,077财务费用-2,075,804???货币资金1,599,955,454短期投资0应收账款298,385,249存货1,815,105,741其他流动资产85,458,610???长期投资54,542,452固定资产937,680,546无形资产0其他资产114,626,7382010-03-31??杜邦分析?净资产收益率3.17%??????? 总资产收益率1.9597%X权益乘数1/(1-0.22)=资产总额/股东权益=1/（1-资产负债率）=1/（1-负债总额/资产总额）x100％?????? 主营业务利润率8.652%X总资产周转率0.2265%=主营业务收入/平均资产总额=主营业务收入/(期末资产总额+期初资产总额)/2期末:5,209,641,970期初:4,922,531,177 ????????? 净利润99,279,060/主营业务收入1,147,468,609?主营业务收入1,147,468,609/资产总额5,209,641,970????????主营业务收入1,147,468,609-全部成本987,374,577+其他利润-37,433,357-所得税23,381,615?流动资产4,111,584,425+长期资产1,098,057,545????主营业务成本626,856,081营业费用261,119,981管理费用100,726,329财务费用-1,327,813???货币资金1,867,239,275短期投资0应收账款349,831,897存货1,681,213,083其他流动资产213,300,170???长期投资56,411,324固定资产917,549,259无形资产0其他资产107,585,817