BEC_financial ratios Flashcards
working capital
current assets - current liabilities
Quick Ratio (Acid Test)
(cash + CE + ST marketable securities + AR) / current liabilities
ROA
net income / AV total assets
（注）total assetsは、平均総資産(当該年度の期首と期末の平均値)
ROE
net income / AV total equity
（注）total equityは、平均株主資本(当該年度の期首と期末の平均値)
DE ratio
total liabilities / total equity
financial leverage
total assets / total equity
times interest earned
(net Income + interest expense + tax expense) / interest expense
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)
Net Income + Taxes + Interest Expense + Depreciation & Amortization
inventory turnover
CGS / AV inventory
AR turnover
sales / AV AR
asset turnover
sales / total assets
EPS
(net income - applicable preferred dividends) / weighted shares outstanding
PER (price to earning ratio)
(market value per share) / EPS
PBR (price - book value ratio)
(market value per share) / BPS
BPS (book value per share)
BV of equity / number of outstanding stocks
FCF (simplified)
FCF = CF from operation − CF from investment
FCF
NOPAT + depreciation - change in working capital - capital expenditure
EVA (economic value added)
NOPAT - capital cost [asset X cost of capital ratio]
residual income
operating profit - capital cost [asset X cost of capital ratio]
Days of Sales Outstanding (DSO)
AV AR / (sales / 365)
Days of Sales in Inventory (DSI)
AV inventory / (CGS/365)
Days of Payables Outstanding (DPO)
AV AP / (CGS/365)
APR (annual percentage rate)
[(interest amount) / (principal amount)] X [(360 days) / (rending days)]
EOQ (economic ordering quantity)
Root (2 X Annual demand X P (ordering cost)) / (S (annual carrying cost))
NOPAT (net operating profit after tax)
income from operations x (1 - tax rate)
CCC (cash conversion cycle)
DSI + DSO - DPO
operating margin
operating profit / sales
gross margin
gross margin / sales
