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m92 > Equations > Flashcards

Equations Flashcards

1
Q

Accounting Equation

A

Assets = Equities + Liabilities

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2
Q

Gross Profit Ratio

A

Gross profit / Sales (revenue) x 100

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3
Q

Net Profit Ratio

A

Net Profit/ Sales (Revenue/turnover) x 100

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4
Q

Return on Capital Employed (ROCE) Ratio

A

Profit before interest charges and tax / share capital + Reserves + Borrowings x 100

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5
Q

Productivity Ratio - Receivables/debtors

A

Trade Receivables (debtors) / Sales x 365 Days

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6
Q

Productivity Ratio - Payables

A

(Payables / Purchase) x 365 days

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7
Q

Productivity Ratio - Stock

A

(Inventory (“stock”) / Cost of sales) x 365 days

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8
Q

Liquidity Ratio - Current Ratio

A

Current Assets/Current Liabilities

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9
Q

Liquidity Ratio (not insurance) - Quick Ratio

A

Current Assets excluding stock/Current Liabilities

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10
Q

Turnover ratio - Stock

A

Cost of Sales / average stock

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11
Q

Turnover - Debt Turnover

A

Sales / debtors

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12
Q

Turnover - Credit

A

Purchases / creditors

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13
Q

Solvency Ratio

A

Net assets / Earned Premium net of reinsurance

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14
Q

Solvency coverage ratio

A

Total Eligible capital /solvency capital requirement

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15
Q

Liquidity Ratio (Insurance)

A

Total Liabilities / cash + investments

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16
Q

Profitability - Return on Equity (ROE)

A

Profit after tax / Shareholders equity (Capital) x 100

17
Q

Gearing ratio

A

Long-term borrowings / Shareholders equity x 100

18
Q

Claims Ratio (combined ratio)

A

Claims incurred net of reinsurance / earned premium net of reinsurance x 100

19
Q

Expense Ratio (combined Ratio)

A

Admin Expenses / earned premium net of reinsurance x 100

20
Q

Commission Ratio (Combined Ratio)

A

Acquisition costs / earned premium net of reinsurance x 100

21
Q

Combined Ratio

A

Claims + expenses + acquisition costs / earned premium net of reinsurance x 100

22
Q

Incurred by Not Reported

A

Number of Claims x Average Costs of Claims

m92 (6 decks)

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