公司理财公式

1、公司理财公式公司理财公式公司理财公式xxx公司公司理财公式文件编号： 文件日期： 修订次数：第 1.0 次更改 批 准审 核制 定方案设计，管理制度Assets=Liabilities + Shareholders equity Revenues Expenses=IncomeEarnings per share=Net income/Total shares outstandingDividends per share=Total dividends/Total shares outstandingCash flow from assets=Cash flow to creditors (b

2、ondholders) + Cash flow to stockholders (owners)Cash flow from assets=Operating cash flow- Net capital spending- Change in net working capitalOperating cash flow=Earnings before interest and taxes (EBIT) +Depreciation-TaxesNet capital spending=Ending net fixed assets-Beginning net fixed assets +Depr

3、eciationChange in net working capital (NWC) =Ending NWC-Beginning NWCCash flow to creditors=Interest paid-Net new borrowingCash flow to stockholders=Dividends paid-Net new equity raisedCurrent ratio=Current assets/Current liabilitiesQuick ratio= (Current assets-Inventory)/Current liabilitiesCash rat

4、io=Cash/Current liabilitiesNet working capital to total assets=Net working capital/Total assetsInterval measure=Current assets/Average daily operating costsTotal debt ratio= (Total assets-Total equity)/Total assetsDebt-equity ratio=Total debt/Total equityEquity multiplier=Total assets/Total equityLo

5、ng-term debt ratio=Long-term debt/ (Long-term debt+ Total equity)Times interest earned ratio=EBIT/InterestCash coverage ratio= (EBIT+ Depreciation)/InterestInventory turnover=Cost of goods sold/InventoryDays sales in inventory=365 days/Inventory turnoverReceivables turnover=Sales/Accounts receivable

6、Days sales in receivables=365 days/Receivables turnoverNWC turnover=Sales/NWCFixed asset turnover=Sales/Net fixed assetsTotal asset turnover=Sales/Total assetsProfit margin=Net income/SalesReturn on assets (ROA) =Net income/Total assetsReturn on equity (ROE) =Net income/Total equityPE ratio=Price pe

7、r share/Earnings per shareMarket-to-book ratio=Market value per share/Book value per shareROE= (Net income/Sales)*(Sales/Assets)*(Assets/Equity)ROE=Profit margin*Total asset turnover*Equity multiplierDividend payout ratio=Cash dividends/Net incomeInternal growth rate= (ROA*b)/ (1-ROA*b)Sustainable g