公司理财公式

Asts=Liabilities + Shareholders’ equity

Revenues – Expens=Income

Earnings per share=Net income/Total shares outstanding

Dividends per share=Total dividends/Total shares outstanding

Cash flow from asts=Cash flow to creditors (bondholders) + Cash flow to stockholders (owners)

Cash flow from asts=Operating cash flow- Net capital spending- Change in net working capital

Operating cash flow=Earnings before interest and taxes (EBIT) +Depreciation-Taxes

Net capital spending=Ending net fixed asts-Beginning net fixed asts +Depreciation

Change in net working capital (NWC) =Ending NWC-Beginning NWC

Cash flow to creditors=Interest paid-Net new borrowing

Cash flow to stockholders=Dividends paid-Net new equity raid

Current ratio=Current asts/Current liabilities

Quick ratio= (Current asts-Inventory)/Current liabilities

Cash ratio=Cash/Current liabilities

Net working capital to total asts=Net working capital/Total asts

Interval measure=Current asts/Average daily operating costs

Total debt ratio= (Total asts-Total equity)/Total asts

Debt-equity ratio=Total debt/Total equity

Equity multiplier=Total asts/Total equity

Long-term debt ratio=Long-term debt/ (Long-term debt+ Total equity)

Times interest earned ratio=EBIT/Interest

Cash coverage ratio= (EBIT+ Depreciation)/Interest

Inventory turnover=Cost of goods sold/Inventory

Days’ sales in inventory=365 days/Inventory turnover

Receivables turnover=Sales/Accounts receivable

Days’ sales in receivables=365 days/Receivables turnover

NWC turnover=Sales/NWC

Fixed ast turnover=Sales/Net fixed asts

Total ast turnover=Sales/Total asts

Profit margin=Net income/Sales

Return on asts (ROA) =Net income/Total asts

Return on equity (ROE) =Net income/Total equity

PE ratio=Price per share/Earnings per share

Market-to-book ratio=Market value per share/Book value per share

ROE= (Net income/Sales)*(Sales/Asts)*(Asts/Equity)

ROE=Profit margin*Total ast turnover*Equity multiplier

Dividend payout ratio=Cash dividends/Net income

Internal growth rate= (ROA*b)/ (1-ROA*b)

Sustainable growth rate= (ROE*b)/ (1-ROE*b)

Capital intensity ratio=Total asts/Sales=1/Total ast turnover

若出现任何拼写错误，概不负责。