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Activity Ratios (Efficiency Ratios)
Shows
relationship
Asset Turnover Net Sales / Total Assets between
revenue &
assets.
The time it
takes for
Average Collection Period Accounts Receivable / (Annual Credit Sales / 365)
receivables
to be paid.
Length of
time for
Inventory Conversion Period + Receivables Conversion Period - Payables Conversion
Cash Conversion Cycle investment
Period
to increase
sales.
Measures
time
between
Inventory Conversion Period 365 / Inventory Turnover Ratio purchasing
inventory
and selling
it.
Shows how
much
borrowing
is available
Inventory Conversion Ratio (Sales x 0.5) / Cost of Goods Sold
after
inventory
becomes a
receivable.
How many
Inventory Turnover Sales / Average Inventory times
inventory is
sold to
customers
and
replaced by
the
company.
Time it
takes to
Payables Conversion Period (Accounts Payable / Purchases) x 365 pay
accounts
payable.
Time it
Receivables Conversion takes to
Period, (Receivables / Net Sales) x 365 collect
DSO Ratio accounts
receivable.
Measures
how
effectively
Receivables Turnover Ratio Net Credit Sales / Average Net Receivables
a company
uses its
assets.
Basic Equations
EBIT,
Revenue - Operating Expenses Measures profit.
Earnings Before Interest and Taxes
Net Profit,
Measure of profit after all associated
Net Income, Gross Profit - Operating Expenses - Taxes - Interest
costs are paid.
Income
Sales,
Revenue, Measures sales, before costs and taxes
Gross Sales - Sales of Returns and Allowances
Sales Revenue, are accounted for.
Net Sales
Debt Ratios
Debt Service Coverage Ratio Net Operating Income / Total Debt Service Cash available to pay off debt.
Long-Term Debt to Equity Ratio Long-Term Liabilities / Equity Equity vs long-term debt.
Depreciation
Straight-Line Method (Cost of Fixed Asset - Residual Value) / Useful Life of Asset (in years)
Easiest and most common
method of depreciation.
Depreciation measured by
Units of Production [(Cost of Asset - Redidual Value) / Estimated Total Production] x Actual Production how many units are
produced.
Liquidity Ratios
Cash Ratio (Cash + Marketable Securities) / Current Liabilities Cash compared to liabilities.
Current Ratio,
Current Assets / Current Liabilities Measures ability to pay short-term liabilities.
Working Capital Ratio
Market Ratios
Dividend Cover Earnings per Share / Dividends per Share Earnings compared to dividends.
Dividend Yield Annual Dividends per Share / Price per Share Dividends compared to market capitalization.
Dividends Per Share Dividends Paid / Number of Shares Amount of dividends for each share.
PEG Ratio Price per Earnings / Annual EPS Growth Price of a stock compared to company growth.
Price / Sales Ratio Price per Share / Revenue per Share Comparing a stock to past performace and market.
Profibility Ratios
Operating Margin,
Operating Income Margin,
Operating Income / Revenue Used to evaluate pricing.
Operating Profit Margin,
Return on Sales
Profit Margin,
Net Profit Margin, How much revenue is kept in
Net Profit / Revenue
Net Margin, profit.
Net Profit Ratio
Return on Capital EBIT(1 - Tax Rate) / Invested Capital Profit compared to capital.
Return on Equity Net Income / Average Shareholder Equity Profit compared to equity.
Return on Net Assets Net Income / (Fixed Assets + Working Capital) Income compared to net assets.
Risk-Adjusted Return on Capital Expected Return / Economic Capital ROI, adjusted for risk.
Service Tax 12%, Education Cess 2% Higher Education Cess 1%
PF CONTRIBUTION BY CO.3.67%