Dupont ifomula - yokubala umzekelo

Dupont Model njengenye yeendlela ezininzi ezisebenzayo analysis factor. It yaphakanyiswa ngowe-1919 yi iingcali kwinkampani enye. Nangona kanye kabanzi nenzuzo turnover asethi kunye neentengiso. Oku kulo mzekelo, ezi mpawu ziye ingqalelo kunye okokuqala, umzekelo yaba isakhiwo ngunxantathu.

Amaxesha amaninzi Ifomula esetyenzisiweyo analysis factor Dupont lwenziwa ngoncedo ilula kakhulu. Phezulu lo nxantathu yi inomlingani ebonisa inzuzo kwikomkhulu ewonke, oko kwenziwe eli cebo, isalathiso engundoqo, nto leyo ethetha ingeniso-mali kwinkampani ithetha. Apha ngezantsi kukho parameters yohlobo impembelelo, oko kukuthi umda yenzuzo (imbuyekezo kwiintengiso) kunye nengeniso asethi. Dupont ifomula kuthetha ukuba imbuyekezo yotyalo mali iya kulingana imveliso ingeniso ii-asethi zangoku.

model Dupont

Eyona njongo iphambili yale modeli Dupont kukuchonga izinto ukuba sikwazi ukusebenza lweshishini, ukuhlola izinga nempembelelo yale miba kwi lweentsingiselo malunga notshintsho zabo kunye nokubaluleka. Ngokomthetho asisetyenziswa ukuvavanya iingozi ngokwemiqathango zombini eyinkunzi osetyenziswa uphuhliso zombutho kunye nezinye iiprojekthi zotyalo-mali. Ngezantsi, sicinga ukuba parameters asisiseko imodeli.

Inzuzo of capital yenkampani

Ukuba abanini bakwazi ukufumana inzuzo zotyalo-mali, kufuneka ukuba benze iminikelo yenkunzi ogunyazisiweyo. Izibalo zibonisa ukuba formula Dupont, ichaza ukuba oku kufuneka kubingelela indlela oyinxalenye elikomkhulu lenkampani, kodwa kwangaxeshanye zokulenza uza ilungelo nesabelo ngengeniso yenkampani. Kubo inzuzo, ukuba ziboniswe kwi equity, ngaloo ndlela kusekwe inkqubo ebaluleke kakhulu-zabelo. Kodwa ke isicelo kule modeli iquka nokubekwa imiqathango. ingeniso Real unokufumana kuphela intengiso, impahla kunye iinzuzo musa ukuba. Ngenxa yale salathisi akwenzeki ukuvavanya kwiiyunithi zoshishino zenkampani. Kufuneka uthathe ingqalelo yokuba inkampani ubukhulu becala imali ebolekiweyo.

Uhlalutyo factor ludlala indima umzekelo ebalulekileyo Dupont ifomula, xa siqwalasela ishishini zebhanki, njengoko imali mboleko sisiseko yokwakha ishishini. Oku kuthetha ukuba, ukwenza ngqo ngaphandle imisebenzi yebhanki olwenziwa ngeendleko yesibambiso, kunye nendima equity - mali backed, ngamanye amazwi, ukuba isiqinisekiso ukuba ibhanki uyakwazi ukugcina amatyala ayo. Oko kukuthi, esi salathisi unako ukuphendula kuphela imibuzo enxulumene equity, apho umbutho yenza ukuya baphathi.

iinkqubo ezikhoyo asethi

ingeniso kwempahla ekubhekiselwe kuwo ngesalathisi ebonisa isixa-mali kwimali eyinkunzi, nto leyo ityalwe-asethi umbutho, kangangexesha elithile. Ngamanye amazwi, ukuba Luqikelelo nezihlandlo ukusetyenziswa yonke impahla, apho kungekho mahluko, ekwenzeka ngayo imithombo. Kwakhona unako ukubonisa oko ingeniso babe iinkampani ezivela mali kutyalwa asethi.

buyela yokuthengisa

Ukuba ukubalwa kuba yinto ephambili ithathwe Dupont ifomula, eli nani lisetyenziswa Isalathisi engundoqo ngawo uhlolo yenziwe ngobuchule lombutho, engeyiyo imali enkulu kakhulu kubulungisa kunye nempahla ezisisigxina. Enyanisweni, ukuba ixabiso elingezantsi iphantsi ngexesha ukubala, kuvela ukuba ayikhulise zemali amandla zebandla zibe zifunge lokufumana imbuyekezo ophezulu kakhulu kubulungisa. Ngale ndlela ke kunokwenzeka ukuba ukuhlola cala imeko yangoku bemicimbi nkampani.

Kwakhona ngokuphindwe inzuzo yentengiso ibonisa ngokucacileyo indlela inkampani yenzuzo umnatha yesixa leeyunithi ze imveliso ithengiswe. Ukuba usebenzisa i Dupont formula, eli nani kuvumela ukuba ukubala ubungakanani yengeniso net, owona mbutho emva iya kuhlawula iindleko imveliso, ukuba ahlawule zonke iirhafu kunye nenzala mboleko. Ngoncedo zesi salathisi utyhila imiba ebalulekileyo, ezizezi ekufezekisweni imveliso yaye isixa-mali esichithwe kwimveliso yabo.

Buyela kwi-asethi. ifomula Dupont

Esi salathisi ibonakalisa ukusebenza zokusebenza yenkampani. Isetyenziswa njengento nezalathi zentsebenzo eziphambili ezinokuthi ukubonisa ukusebenza kunye eyinkunzi imali. Uvela kule, siphawula ukuba imbuyekezo lilonke kwi-asethi ukuze igqitywe zizinto ezimbini - ingeniso kunye nenzuzo. Bonke ndawonye idala imodeli phinda esetyenziswa kwiingxelo zemali.

eqhinga zemali

eqhinga Financial iyafuneka ukuze angqamane ityala, nokuthe tye, kwakunye ukubonisa ifuthe layo phezu yenzuzo yenkampani. Kufuneka kuqatshelwe ukuba xa ephezulu umlinganiselo mboleko, kokukhona kuya kuba ingeniso umnatha, njengoko ukwanda kwisixa kwindleko. Ukuba inkampani inepesenti ophezulu mboleko, oko kuthiwa zixhomekeke. Kwelinye icala, umbutho ayinazo capital kwetyala kuthathwa ukuba ukuzimela ngokwezimali. Ngoko ke, indima wokukhuthaza mali ukuqinisekisa uzinzo kunye Umngcipheko lweshishini, kwakunye njengesixhobo ulinganisele ukusebenza mboleko. Kufuneka kukhunjulwe ukuba imbuyekezo kwi equity ixhomekeke ngqo kwi lever.

Dupont model (formula):

Ibhadi = NPM * Tat

Umahluko phakathi imbuyekezo kwi asethi zizonke kunye ixabiso mboleko elingana lizilungiselela umahluko.

Umlinganiselo Iindleko umdla ndiboleke imali, kubandakanywa iirhafu lilingana indleko yekhapitali.

Ngenxa yokuba wokukhuthaza ngemali kwandisa imbuyekezo kwi equity, kwaye yandisa ixabiso zabelo. Le fomyula uthi Dupont, umzekelo yokubala nto imelwe wokukhuthaza zemali. Oku kwenza kube lula ukwandisa isakhiwo asethi. Kufuneka kuqatshelwe ukuba kongezwa imali kufuneka zenziwe nje sixhobo iza kuhlala HIV. Ke yena uya kuba esinentlawulo engenaxabiso, kamsinya nje ixabiso mboleko udlula imbuyekezo kubulungisa. Dupont ifomula kubonisa ngokucacileyo ukubaluleka kwale salathisi. Kwakhona kubalulekile ethwele engqondweni uzinzo kwezemali ukuba imali ityala likumyinge ofunekayo, le nkampani ilinde bankruptcy.

Sebenzisa i mboleko umda

Ukuze Ukuphawula lo umda, formula Dupont ibonisa ukuba umahluko phakathi equity kunye nexabiso illiquid, ii-asethi ezisisigxina kufuneka ilunge. Thathela ingqalelo ezi zithethe, unako ukwakha nkqubo lwamashishini. Kuba inzuzo irekhodi intengiso - ingqalelo nkqubo kwamaxabiso, ulawulo zolawulo iindleko, ifoun yentengiso kunye kakhulu ngakumbi.

ingeniso Asset iya kuchaphazela ulawulo, inkqubo lwamatyala kunye nenkqubo yolawulo inventri. Ubume mali iya kuchaphazela zonke iindawo zotyalo-mali kunye irhafu.

uvavanyo Total

Return on tye umlinganiselo nocikizeko lolawulo lwemali. Eli xabiso kuxhomekeke izigqibo ezithathwe ngokuphathelele kwiindawo eziphambili nkampani. Ukuba le eyesibini iparameter itshintshiwe, oko kuthetha ukuba ukusebenza ishishini liyanyuka okanye ukuwa. Esebenzisa imbuyekezo asethi na ukuba aba lolu hlobo ukwanela capital investment, kuba oko kuthetha unxulumano phakathi imisebenzi esisiseko kunye nemali, ngokunjalo phakathi ukuthengiswa kunye nempahla.

core ukusebenza kulawulo lweshishini

Ukuvavanya ukusebenza imisebenzi yolawulo engundoqo kusetyenziswa isalathisi inzuzo yentengiso. Esi salathisi zingatshintshwa phantsi nemiphumela yeemeko zangaphandle, kwaye kuthathelwe ingqalelo iimfuno zangaphakathi yenkampani.

Ngokomzekelo, cinga utshintsho inzuzo, kuthathelwa ingqalelo iimeko ezahlukeneyo ngokweenkcukacha:

• Inzuzo zokuthenga kwandisa ngenxa yesibakala sokuba isantya yengeniso bekuya kuba namendu ngaphezu kwesantya iindleko, le meko kungenzeka ukuba ukunyuka intengiso volume, okanye batshintsha uluhlu lwabo. Le iziphumo ezincumisayo yophuhliso yenkampani.
• Iindleko ziyancipha ngokukhawuleza inzuzo. Le meko ezinokuvela xa lokonyuka kwamaxabiso iimveliso okanye ukutshintsha isakhiwo ukuphunyezwa. Kulo mzekelo, isalathisi inzuzo ekhulayo, kodwa kunciphise isixa-mali sengeniso ngokuqinisekileyo nefuthe elihle kakhulu kuphuhliso nkampani.

• Kukho ukwanda kwengeniso kunye nokuncipha iindleko, le meko akwazi amaxabiso aphezulu, isantya iindleko kuludwe okanye.
• Iindleko zikhula ngokukhawuleza inzuzo. Isizathu ukuba ukunyuka kwamaxabiso, amaxabiso asezantsi, iindleko eziphezulu, utshintsho kwiintengiso mix. Le meko kakhulu nezinzima Uhlalutyo amaxabiso, kufuneka.
• Revenue uwa iindleko ngokukhawuleza, oko kuchaphazela kuphela ukucuthwa imiqulu yokuthengisa. Apha uhlalutyo ebalulekileyo yomgaqo-nkqubo sentengiso kulo.