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简述杜邦分析体系的应用
作者:崔建
来源:《价值工程》2015年第18期
摘要: 在财务管理领域,杜邦财务分析体系,是一种非常优秀的财务管理工具。其中比较突出的特点,就是从净资产收益率出发,通过分析各主要财务比率指标间的内在有机联系,从而对企业的财务状况及经济效益做出综合全面的评价。不过在金融资本运作模式不断创新的今天,市场环境的变化深刻,杜邦财务分析体系日趋露出不足之处,使得传统的杜邦分析体系已不能完全满足对企业财务进行准确分析的要求。改进后的杜邦分析体系,在某些方面弥补了传统杜邦分析体系的不足。
Abstract: In the field of financial management, DuPont Financial Analysis System is a very good financial management tool. One of the prominent characteristics of it is the start of return on equity. Through the intrinsic organic analysis of the major financial ratio indicators, the
comprehensive evaluation of financial condition and economic benefit of enterprises are carries out. But in today's innovation of financial capital operation model, the market environment has changed a lot, DuPont Financial Analysis System increasingly exposes the deficiencies, it makes the traditional DuPont Analysis System can not fully meet the requirements of accurately analyze the enterprise finance. The improved DuPont Analysis System, in some ways made up for the inadequacy of traditional DuPont Analysis System.
关键词: 杜邦分析体系;改进;应用
Key words: DuPont Analysis System;improvement;application
中图分类号:F275 文献标识码:A 文章编号:1006-4311(2015)18-0009-03 0 引言
传统的杜邦分析体系,通过权益净利率指标对企业财务状况和经济效益进行综合分析,但在应用过程中,因重视短期忽略长期价值创造,未区分企业经营活动和金融活动,指标分子和分母以及投入与产出不匹配而受到制约。改进的杜邦分析体系弥补了传统体系的不足,更有助于企业进行财务分析,提高企业经济效益。
1 传统杜邦分析体系
1.1 关键指标(图1)
权益净利率=销售净利率×总资产周转率×权益乘数
龙源期刊网 http://www.qikan.com.cn
简述杜邦分析体系的应用
作者:崔建
来源:《价值工程》2015年第18期
摘要: 在财务管理领域,杜邦财务分析体系,是一种非常优秀的财务管理工具。其中比较突出的特点,就是从净资产收益率出发,通过分析各主要财务比率指标间的内在有机联系,从而对企业的财务状况及经济效益做出综合全面的评价。不过在金融资本运作模式不断创新的今天,市场环境的变化深刻,杜邦财务分析体系日趋露出不足之处,使得传统的杜邦分析体系已不能完全满足对企业财务进行准确分析的要求。改进后的杜邦分析体系,在某些方面弥补了传统杜邦分析体系的不足。
Abstract: In the field of financial management, DuPont Financial Analysis System is a very good financial management tool. One of the prominent characteristics of it is the start of return on equity. Through the intrinsic organic analysis of the major financial ratio indicators, the
comprehensive evaluation of financial condition and economic benefit of enterprises are carries out. But in today's innovation of financial capital operation model, the market environment has changed a lot, DuPont Financial Analysis System increasingly exposes the deficiencies, it makes the traditional DuPont Analysis System can not fully meet the requirements of accurately analyze the enterprise finance. The improved DuPont Analysis System, in some ways made up for the inadequacy of traditional DuPont Analysis System.
关键词: 杜邦分析体系;改进;应用
Key words: DuPont Analysis System;improvement;application
中图分类号:F275 文献标识码:A 文章编号:1006-4311(2015)18-0009-03 0 引言
传统的杜邦分析体系,通过权益净利率指标对企业财务状况和经济效益进行综合分析,但在应用过程中,因重视短期忽略长期价值创造,未区分企业经营活动和金融活动,指标分子和分母以及投入与产出不匹配而受到制约。改进的杜邦分析体系弥补了传统体系的不足,更有助于企业进行财务分析,提高企业经济效益。
1 传统杜邦分析体系
1.1 关键指标(图1)
权益净利率=销售净利率×总资产周转率×权益乘数