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CTP > CTP Math Formulas > Flashcards

CTP Math Formulas Flashcards

1
Q

Money Market Yield

A

Holding Period Yield = 360 / Days to Maturity

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2
Q

Cash Turnover Ratio

A

365 / Cash Conversion Cycle

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3
Q

Working Capital

A

Current Assets - Current Liabilities

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4
Q

Current Asset Turnover

A

Revenues / Current Assets

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5
Q

Degree of Operating Leverage

A

% Change in EBIT / % Change in Sales

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6
Q

Price of Preferred Stock

A

Preferred Stock Annual Dividend / Required Rate of Return

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7
Q

Average Past Due

A

DSO - Average Days of Credit Terms

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8
Q

Holding Period Yield

A

(Cash Received at Maturity - Amount Invested) / Amount Invested

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9
Q

Fixed Charge Coverage Ratio

A

(EBIT + Lease Payments) / (Interest Expense + Lease Payments)

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10
Q

Days’ Inventory

A

(Inventory / Cost of Goods Sold) X 365

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11
Q

Days’ Receivables

A

(Accounts Receivable / Revenues) X 365

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12
Q

Taxable Equivalent Yield

A

Tax Exempt Yield / (1 - Investor’s Marginal Tax Rate)

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13
Q

Future Value

A

PV(1+i)n

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14
Q

Value at Risk (VaR)

A

Average - 1.65 X Standard Deviation

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15
Q

Net Profit Margin

A

Net Income / Revenues

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16
Q

Perferred Stock Dividend

A

Preferred Stock Dividend Rate X Par Value

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17
Q

Earnings Credit

A

CB X (1-RR) X ECR(D/365)

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18
Q

Days’ Payables

A

(Accounts Payable / Cost of Goods Sold) X 365

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19
Q

Next Period Forecast

A

(alpha)(Current Period Actual) + (1 - Alpha)(Current Period Forecast)

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20
Q

Return on Common Equity

A

(Dollar Discount + Dealer Fee + Backup Line Fee) / Usable Funds x 365 / Days to Maturity

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21
Q

After Tax Yield

A

Taxable Yield X (1 - Investor’s Marginal Tax Rate)

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22
Q

Prorated Backup Line of Credit Fee

A

Annual Fee Rate X CP Issue Size X (Days to Maturity / 360)

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23
Q

Current Ratio

A

Total Curent Assets / Total Current Liabilities

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24
Q

Annual Yield

A

Holding Period Yield X (Days in Year / Days to Maturity)

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25
Q

Dollar Discount

A

Par Value - Purchase Price

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26
Q

Return on Total Assets (ROTA)

A

Net Income / Total Assets

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27
Q

Economic Value Added (EVA)

A

EBIT(1 - Tax Rate) - (WACC)(Long Term Debt + Equity)

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28
Q

Times Interest Earned

A

EBIT / Interest Expense

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29
Q

Weighted Average Cost of Capital (WACC)

A

WdRd(1 - T) + WeRe

Percent of Debt X After Tax Cost of Debit) + (Percent of Equity X Cost of Equity

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30
Q

Discount Cost

A

(D / 100-D) X (365 / N-T)

31
Q

Free Cash Flow (FCF)

A

Net Income + (Depreciation and Amortization) - Change in Working Capital - Capital Expenditures

32
Q

Present Value

A

Cn / (1+i)n

33
Q

Interest Paid

A

Average Borrowing X All In Rate

34
Q

Debt to Tangible Net Worth

A

Total Debt / (Total Equity - Intangible Assets)

35
Q

Commercial Paper Nominal Yield

A

(Dollar Discount / Purchase Price) X (365 / Days to Maturity)

36
Q

Cash Flow to Total Debt Ratio

A

(Net Income + Depreciation) / (Short Term Debt + Long Term Debt)

37
Q

Purchase Price

A

Par Value - Dollar Discount

38
Q

Fixed Asset Turnover

A

Revenues / Net Property, Plant & Equipment

39
Q

Discount

A

1 - (1 / [1+TD(r/365)]

40
Q

Bond Equivalent Yield

A

Holding Period Yield X (365 / Days to Maturity)

41
Q

Cash Conversion Cycle

A

Days’ Inventory + Days’ Receivables - Days’ Payables

42
Q

Cost of Borrowing

A

(R*rf) + IP + DP + LP + MP

Risk Free Rate of Interest + Inflation Premium + Default Premium + Liquidity Premium + Maturity Premium

43
Q

Present Value of Receiving the Discounted Payment on Day X

A

[Total Amount of Full Payment X (1 - Discount Rate)] / [1+(Days in Discount Period X (Annual Opportunity Cost / 365))]

44
Q

Prorated Dealer Fee

A

Annual Fee Rate X CP Issue Size X (Days to Maturity / 360)

45
Q

Quick Ratio

A

(Cash + Short Term Investments + Accounts Receivables) / Total Current Liabilities

46
Q

Gross Profit Margin

A

Gross Profit / Revenues

47
Q

Retun on Investment (ROI)

A

Net Income / Invested Capital

48
Q

Average Collected Balances Required

A

SC / [ECR X (D/365) X (1-RR)]

49
Q

Unit Break Even Point

A

Fixed Costs / (Selling Proce per Unit - Variable Cost per Unit)

50
Q

Days’ Sales Outstanding (DSO)

A

Outstanding Accounts Receivable / Average Daily Credit Sales

51
Q

Break even Wire Transfer Amount

A

(Wire Cost - ACH Cost) / [Days Accelerated X (Opportunity Cost / 365)]

52
Q

Long Term Debt to Capital

A

Long Term Debt / (Long Term Debt + Equity)

53
Q

Residual Income (RI)

A

Net Income - (Invested Capital X Cost of Capital)

54
Q

Accounting Equation

A

Total Assets = Liabilities + Shareholders’ Equity

55
Q

Discount Rate

A

(Dollar Discount / ParValue) X (360 / Days to Maturity)

56
Q

Operating Profit Margin

A

EBIT / Revenues

57
Q

After Tax Cost of Debt

A

Rd(1-T)

Pre Tax Cost of Debit X (1 - Marginal Tax Rate)

58
Q

Degree of Financial Leverage

A

% Change in Net Income / % Change in EBIT

59
Q

Cash Conversion Efficiency

A

Cash Flow From Operations / Revenue

60
Q

Present value of the receiving period at the end of the net period

A

Total Amount of Full Payment / [1+(Days in Net Period x (AnnualOpportunity Cost / 365))]

61
Q

Total Asset Turnover

A

Revenues / Total Assets

62
Q

Profitability Index

A

Present Value of Cash Inflows / Present Value of Cash Outflows

63
Q

Net Present Value

A

PV of Cash Inflows - PV of Cash Outflows

64
Q

Capital Asset Pricing Model (CAPM)

Capital Asset Pricing Model (Required Rate of Return)

A

Rrf + (Rm - Rrf)Bi

T Bill Rate + (S&P Index - T Bill) X Beta

65
Q

Cost of Borrowing

A

Risk Free Rate of Interest + Inflation Premium + Default Premium + Liquidity Premium + Maturity Premium

66
Q

After Tax Cost of Debit

A

Pre Tax Cost of Debit X (1 - Marginal Tax Rate)

67
Q

Collection Float

A

Availability + Processing + Mail

68
Q

Disbursement Float

A

Clearing + Processing + Mail

69
Q

Borrowed Amt of LOC

A

Available Amt / (1- Compensating Blance %)

70
Q

Unused Portion of LOC

A

Line Amt - Borrowed Amt

71
Q

Annual Interest Rate for LOC

A

(Interest Paid + Fee on Unsed Portion) /

Available Amt Needed

72
Q

Portfolio Beta

A

(% Invested in Stock A x Beta of Stock A)+ (% Invested in Stock B x Beta of Stock B)

73
Q

Portfolio Return

A

(% Invested in Stock A x Return on Stock A)+ (% Invested in Stock B x Return on Stock B)

74
Q

Exponential Smoothing Forecast

A

Alpha(Actual Cash Flow for Current Period)+ (1−Alpha)(Current Period Forecast)

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