2_新6二稿 杜邦最新的版本.docVIP

四川大学锦城学院本科毕业论文 关于杜邦分析法的局限性及其改进研究 PAGE PAGE I PAGE II 关于杜邦分析法的局限性及其改进研究 专业：会计学 学生： 指导教师：姜飞 摘 要 本文利用企业的盈利能力、偿债能力、营运能力等对杜邦分析法进行的综合分析，更好地反映企业的经营情况，并且引入现金流量指标，可持续增长率对上海家化企业的杜邦分析体系进行分析，并给出相应问题的建议，发现对比传统杜邦分析法，现在的上海家化公司净资产收益率略高，但现金流的相关财务指标，还有增长率却下降幅度很大，证明了与上年相比，伪增长的现象。根据相关的分析结果，并提出了相关的财务分析法的建议，从杜邦分析法中可以分析得出，相对于缺点改进当中引入了经营现金流量股利支付率等更多因素，分析传统杜邦分析法的不完整来弥补缺陷，忽视了现金流量的作用，要求能够更好地反映利润，质量等，从而提出相关建议来解决杜邦分析体系的缺陷，提升使用价值。在财务分析中，结合具体的案例对上海家化联合股份有限公司进行分析，提出问题并给出建议后，引入相关的经营现金流量和可持续增长率等因素来分析缺陷，给出建议，对其他企业的经营有一定的借鉴之处。 关键词：杜邦分析法 经营现金流量 可持续增长率 缺陷 改进 PAGE III Research on the limitation and improvement of DuPont analysis method Major: Accounting Student: Supervisor: Jiang Fei Abstract DuPont analysis is very important in financial analysis, debt paying ability and operating ability of the enterprise.Using case study of Shanghai jahwa, cash flow index is introduced, and the sustainable growth rate of du pont analysis system are analyzed, and corresponding Suggestions are given, found Shanghai jahwa companys net assets yield slightly higher than the traditional du pont analysis indicators, but the cash flow related financial indicators and the actual growth rate appeared to a large extent, this also happens to experiment proves that compared with the previous year, the phenomenon of false growth.,which can be analyzed from the dupont analysis, relative to the faults of improvement introduced more factors such as operating cash flow rate of dividend payment, the analysis of traditional du pont analysis method of incomplete to compensate for the defects, and neglects the importance of cash flow, requirement can better reflect the profit, quality, etc., thus put forward Suggestions to solve the defects of du pont analysis system, promoting the value of using. After putting forward problems and giving suggestions, it introduces growth rate factors to analyze the defects and give suggestions. Key words：DuPont analysis Operating cash flow Susta