伊利财务分析资料课件

1、伊利财务分析资料 -伊利财务分析伊利财务分析资料目 录伊利财务比率分析（2009年）伊利十年资产负债表分析（2000年2009年）伊利十年利润表分析（2000年2009年）乳制品企业之间的比较（伊利&蒙牛&光明）伊利财务综合分析伊利财务分析资料伊利财务比率分析（2009年）变现能力比率变现能力比率 流动比率 0.76 速动比率 0.55 盈利能力比率盈利能力比率 销售净利率 0.03 销售毛利率 0.35 资产净利率 0.05 净值报酬率 0.19 股东权益（净资产） 负债比率负债比率 资产负债率 0.72 产权比率 2.74 已获利息倍数 37.2401 税息前利润 834279555.9

2、长期负债与营运资金比率 -0.1835 资产管理比率资产管理比率 存货周转率 8.18 存货周转天数 43.99 应收账款周转率 117.23 应收账款周转天数 3.07 流动资产周转率 3.97 总资产周转率 1.95 市价比率市价比率 每股盈余 0.81 市盈率 每股股利 0.81 留存盈利比例 -0.02 股利支付率 每股账面价值 1 伊利财务分析资料伊利十年资产负债表分析（2000年2009年）比较资产比较资产负债表负债表年份年份2000(2000(基年基年) )20012001200220022003200320042004200520052006200620072007200820

3、082009200920102010前前3 3季度季度项目项目流动资产流动资产合计合计520435001.3796659089.31653919879229653244828688246692932148638357267946146359180895417862814 68312854237995379981存货存货181382303.8303051668377156843.2656341465.5709666328.6844561728.3150474254017373711212020365900 18356510292171095565固定资产固定资产502357298.4705282

4、201.5937020610.9154600827216973973432106802892345262881144073995615007185519 51092089195144979512资产总计资产总计11611531381639096125289854373840262658364850390713545046413475247591221017390051111780488935负债负债流动负债流动负债合计合计309430708.8675379440.3978507448.1160555206824340667402686169820436083493050871655758201

5、028312 903742635010147883103非流动负非流动负债合计债合计55516398.957901827.5563034665.99204439130619034981216655621.7379501690.5351890597.8 404778435.3553759338.6所有者权所有者权益益实收资本实收资本146671070146671070195632494391264988391264988391264988516469784666102292799322750799322750799322750未分配利未分配利润润64754473.118

6、6241940.12139260211.5278842225.4305158656.5411737975.1584432745.1359468443.9-1066173178-418513471.1132216219.1负债及权负债及权益合计益合计 11611531381639096125289854373840262658364850390713545046413475247591221017390051111780488935伊利财务分析资料伊利十年资产负债表分析（2000年2009年）比较资产负债表比较资产负债表( (定基百分比定基百分比) )2000(2000(基年基年) )20012

7、001200220022003200320042004200520052006200620072007200820082009200920102010前前3 3季季度度流动资产流动资产合计合计100153.075617317.7956661441.2717135551.2359204 563.403428686.4794744890.77753761041.0258341312.610683 1536.287906存货存货100167.0789606207.9347518361.8552922391.2544464465.6252074829.5972146957.85039891113.87

8、15621012.034245 1196.972097固定资产固定资产100140.3945367186.5247333307.7507338337.8864701419.3833549687.2854882877.343591996.73788651017.046818 1024.167366资产总计资产总计100141.161064249.6263105346.7471863417.7218795469.4009734648.04192268765508411132.6795071289.68102负债负债流动负债合计流动负债合计100218.2651628316

9、.2282929518.8728922786.6274003868.10059361409.3090331644.0403072650.3601872920.6623953279.53329非流动负债合非流动负债合计计100104.2968113.5424257368.2499839111.5048875300.6898834390.2551785683.5848471633.849826729.1150783997.469846所有者权所有者权益益实收资本实收资本100100133.3817869266.7635738266.7635738266.7635738352.1279173454.

10、1470189544.9764224544.9764224 544.9764224未分配利润未分配利润100133.1829849215.0588288430.6146155471.2549448635.8448388902.5364844555.1252703-1646.48576-646.3082024 204.1808276负债及权负债及权益合计益合计 100141.161064249.6263105346.7471863417.7218795469.4009734648.04192268765508411132.6795071289.68102伊利财务分析资料

11、伊利十年利润表分析（2000年2009年）2000200020012001200220022003200320042004200520052006200620072007200820082009200920102010前前3 3季度季度一、营业收入一、营业收入1,502,564,044.832,706,490,322.274,019,822,261.726,299,333,498.198,734,990,975.3612,175,264,123.6116,338,985,866.1519,359,694,864.9421,658,590,273.0024,323,547,500.3123,52

12、4,630,991.23减：营业成本减：营业成本1,086,016,290.501,917,283,776.292,675,384,012.274,273,893,157.446,139,252,849.658,641,079,629.2611,811,941,470.4014,347,272,657.0615,849,142,905.6215,778,073,722.7016,388,169,558.75销售费用销售费用222,215,051.96517,775,000.65903,031,394.691,390,616,525.601,867,703,095.582,596,514,433

13、.913,387,200,372.933,911,268,086.505,532,389,959.266,496,091,518.775,383,767,351.60管理费用管理费用65,228,551.85120,718,197.26202,085,443.77296,219,529.91303,656,561.32417,351,298.18516,926,807.03884,390,861.361,915,430,908.851,190,963,077.551,059,252,770.86二、营业利润二、营业利润128,819,319.05144,252,925.84220,127,16

14、0.11308,580,308.16363,595,213.98480,904,084.14564,437,728.4884,682,307.69-2,050,011,862.52665,413,561.81593,183,523.72营业外收入营业外收入2,281,829.582,185,401.278,389,230.0911,485,646.5914,315,380.8512,668,344.704,769,650.67121,434,688.07218,705,100.55209,232,829.42170,507,544.43三、利润总额三、利润总额128,222,015.38141

15、,055,433.54213,338,438.53318,891,466.53378,878,640.56491,611,392.29561,778,884.27106,392,183.55-1,955,643,359.65811,876,849.96682,679,553.77减：所得税减：所得税24,551,032.3918,088,773.8652,028,203.1970,535,446.47121,858,140.71152,145,916.97177,617,999.00110,955,473.80-218,932,440.78146,608,521.73119,928,322.7

16、3四、净利润四、净利润98,476,957.81119,676,679.62141,948,405.32248,356,020.06264,638,256.57338,605,960.34393,016,110.14-4,563,290.25-1,736,710,918.87665,268,328.23562,751,231.04伊利财务分析资料伊利十年利润表分析（2000年2009年）200120012002200220032003200420042005200520062006200720072008200820092009差额%差额%差额%差额%差额%差额%差额%差额%差额%一、营业收入

17、一、营业收入1,203,926,277.440.801,313,331,939.450.492,279,511,236.470.572,435,657,477.170.393,440,273,148.250.394,163,721,742.540.343,020,708,998.790.182,298,895,408.060.1218,346,261,021.620.85减：营业成本减：营业成本831,267,485.790.77758,100,235.980.401,598,509,145.170.601,865,359,692.210.442,501,826,779.610.413,170

18、,861,841.140.372,535,331,186.660.211,501,870,248.560.1014,649,734,952.840.92销售费用销售费用295,559,948.691.33385,256,394.040.74487,585,130.910.54477,086,569.980.34728,811,338.330.39790,685,939.020.30524,067,713.570.151,621,121,872.760.415,977,286,478.691.08管理费用管理费用55,489,645.410.85 81,367,246.510.6794,134,

19、086.140.477,437,031.410.03113,694,736.860.3799,575,508.850.24367,464,054.330.711,031,040,047.491.171,128,338,769.860.59二、营业利润二、营业利润15,433,606.790.12 75,874,234.270.5388,453,148.050.4055,014,905.820.18117,308,870.160.3283,533,644.340.17-479,755,420.79-0.85-2,134,694,170.21-25.21518,805,040.08-0.25营业外

20、收入营业外收入-96,428.31-0.046,203,828.822.843,096,416.500.372,829,734.260.25-1,647,036.15-0.12-7,898,694.03-0.62116,665,037.4024.4697,270,412.480.8062,624,307.690.29三、利润总额三、利润总额12,833,418.160.10 72,283,004.990.51105,553,028.000.4959,987,174.030.19112,732,751.730.3070,167,491.980.14-455,386,700.72-0.81-2,0

21、62,035,543.20-19.38146,608,521.73-0.07减：所得税减：所得税-6,462,258.53-0.26 33,939,429.331.8818,507,243.280.3651,322,694.240.7330,287,776.260.2525,472,082.030.17-66,662,525.20-0.38-329,887,914.58-2.97146,608,521.73-0.67四、净利润四、净利润21,199,721.810.22 22,271,725.700.19106,407,614.740.7516,282,236.510.0773,967,703

22、.770.2854,410,149.800.16-397,579,400.39-1.01-1,732,147,628.62379.58665,268,328.23-0.38伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）变现能力比率的比较 流动比率 速动比率伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007流动资产6,831,285,422.895,417,862,813.944,635,918,089.16流动负债9,037,426,349.878,201,028,312.325,087,165,5

23、74.85存货1,832,651,029.352,020,365,899.351,737,371,120.52流动比率0.760.660.91速动比率0.550.410.57伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007流动资产8,014,467,000.004,772,551,000.003,763,576,000.00流动负债4,553,940,000.005,483,457,000.006,317,889,000.00存货714,897,000.00824,453,000.00877,443,000.00流动比率1.760.870.60速动比率1.600

24、.720.46伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007流动资产2,157,327,269.001,984,574,157.002,146,605,468.00流动负债1,756,315,179.001,803,054,615.001,501,144,085.00存货518,861,344.00607,353,545.00555,763,813.00流动比率1.231.101.42速动比率0.930.761.06伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）资产管理比率 存货周转率 应收账款周转率 流动资产周转率 总资产周转率伊利财务分析资料乳制

25、品企业之间的比较（伊利&蒙牛&光明）200920082007销售费用15,778,073,000.0015,849,142,000.0014,347,272,229.00销售收入24,323,547,500.0021,658,590,273.0019,359,694,085.00平均存货1,928,008,464.001,878,868,509.001,621,056,830.00平均流动资产6,124,574,117.005,026,890,451.004,011,979,082.00平均资产总额12,466,316,290.0010,977,194,722.008,769,192,188.

26、00平均应收账款207,478,396200,966,904.00274,055,645.00存货周转率8.188.458.85应收账款周转率117.0115.070.64流动资产周转率3.974.304.82总资产周转率1.951.972.21伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007销售费用18,858,229,000.0019,195,576,000.0016,514,557,000.00销售收入25,710,460,000.0023,864,975,000.0021,318,062,000.00平均存货769,675,000.00850,948,0

27、00.00974,451,500.00平均流动资产6,557,984,500.004,243,063,500.003,352,870,000.00平均资产总额12,516,225,000.0010,498,277,000.008,722,478,500平均应收账款405,691,000272,722,000.00224,170,500.00存货周转率24.5022.6016.90应收账款周转率63.3787.6095.10流动资产周转率3.925.636.36总资产周转率2.051.821.89伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007销售成本4,960,

28、554,000.004,956,471,000.005,601,069,000.00销售收入7,943,169,000.007,358,544,000.008,206,011,000.00平均存货563,107,000.00581,558,000.00520,389,500.00平均流动资产2,070,950,000.002,065,589,000.001,985,734,000.00平均资产总额4,080,325,000.004,099,579,000.004,071,696,000平均应收账款544,741,000552,827,000.00545,908,000.00存货周转率8.808

29、.5210.76应收账款周转率14.5813.3115.03流动资产周转率3.833.564.13总资产周转率1.961.792.01伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）负债比率 资产负债率 产权比率 已获利息倍数伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007负债总额7,532,565,000.006,873,794,000.004,365,959,000.00资产总额10,466,985,000.009,466,033,000.007,612,107,000.00股东权益2,914,419,000.002,547,423,000.003,

30、246,148,000.00稅息前利润EBIT834,278,000.00-2,050,011,000.00113,835,000.00利息费用146,608,000.00-220,995,000.00110,955,000资产负债率0.710.730.57产权比率2.582.701.34已获利息倍数5.689.271.02伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007负债总额5,184,432,000.006,294,655,000.003,846,575,000.00资产总额14,096,126,000.0011,315,275,000.009,681,2

31、79,000.00股东权益8,911,694,000.004,737,971,000.005,834,704,000.00稅息前利润EBIT1,346,346,000.001,089,275,000.001,130,310,000.00利息费用126,240,000.00161,454,000.0021,658,000资产负债率0.370.550.40产权比率0.581.320.65已获利息倍数10.666.7452.10伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007负债总额1,924,883,000.001,958,190,000.001,694,902,0

32、00.00资产总额4,122,987,000.004,037,663,000.004,161,495,000.00股东权益2,198,104,000.004,737,971,000.002,466,593,000.00稅息前利润EBIT189,821,000.00319,543,000.00273,285,000.00利息费用61,365,000.0051,985,000.0072,431,000资产负债率0.020.480.41产权比率0.870.410.68已获利息倍数3.096.143.77伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）盈利能力比率 销售净利率 销售毛利率 资产

33、净利率 净值报酬率伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007净利润665,268,000.00-1,736,710,000.00-4,563,290.00销售收入24,323,547,000.0021,658,590,000.0019,359,694,000.00毛利650,288,000.00-2,070,026,000.0087,562,000.00平均资产总额12,466,316,290.0010,977,194,722.008,769,192,880平均股东权益2,730,921,000.002,896,785,000.003,838,855,00

34、0销售净利率0.02-0.08-0.23销售毛利率0.027-0.090.004资产净利率0.05-0.16-0.0005净值报酬率0.24-0.60-0.001伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007净利润1,220,106,000.00924,464,000.001,108,652,000.00销售收入25,710,460,000.0023,864,975,000.0021,318,062,000.00毛利6,852,231,000.004,669,399,000.004,803,505,000.00平均资产总额12,516,225,000.0010

35、,498,277,000.008,722,478,500平均股东权益6,824,832,000.005,286,337,000.004,733,692,000.00销售净利率0.050.040.05销售毛利率0.270.200.23资产净利率0.100.090.13净值报酬率0.190.170.23伊利财务分析资料乳制品企业之间的比较（伊利&蒙牛&光明）200920082007净利润128,456,000.00267,558,000.00200,854,000.00销售收入7,943,169,000.007,358,544,000.008,206,011,000.00毛利149,496,000.002,402,073,000.002,604,942,000.00平均资产总额4,080,325,000.004,099,579,000.004,071,696,000平均股东权益2,138,788,000.002,273,032,000.002,432,964,000.00销售净利率0.020.040.02销售毛利率0.020.320.31资产净利率