financial CH5

Financial Analysis

財務分析

Ratio Analysis

比率分析

Cash Flow Analysis

現金流量分析

Operating Management

營運管理

Investment Management

投資管理

Financing Strategy

融資策略

Dividend Policy

股利政策

Benchmark

基準 / 標竿

Time-series Comparison

時間序列比較

Cross-sectional Comparison

橫斷面比較 / 跨公司比較

Cost of Equity Capital

權益資金成本

Rate of Return on Equity (ROE)

股東權益報酬率

Underlying Business Factors

潛在商業要素

Profit Margin

利潤率 / 毛利率

Asset Turnover

資產週轉率

Financial Leverage

財務槓桿

Shareholders' Equity

股東權益

Return on Assets (ROA)

資產報酬率

Equity Multiplier

權益乘數

Return on Revenue (ROR)

銷貨報酬率

Net Profit Margin

淨利潤率

Account Payable

應付帳款

Return on Invested Capital (ROIC)

投入資本報酬率

Spread

利差

NOPAT (Net Operating Profit After Tax)

稅後淨營業利潤

NIPAT (Net Investment Profit After Tax)

稅後淨投資利潤

Invested Capital

投入資本

Effective Interest Rate After Tax

稅後有效利率

Cost of Borrowing

借貸成本

Net Operating Assets (NOA)

淨營運資產

Non-operating Investments

非營運投資 / 非營業投資

Return on Net Operating Assets (RNOA)

淨營運資產報酬率

Return on Non-operating Investments (RNOI)

非營運投資報酬率

NOPAT Margin

稅後淨營業利潤率

Operating Asset Turnover

營運資產週轉率

Operating Working Capital

營運資金

Net Non-current Operating Assets

淨非流動營運資產

Business Assets

企業資產 / 營業資產

Debt

債務 / 負債

Common-sized Income Statements

共通比率損益表 / 同比損益表

Gross Profit Margin

毛利潤率

EBITDA Margin

稅前息前折舊前利潤率

Recurring NOPAT Margin

經常性淨利潤率

Cost of Sales

銷貨成本

Price Premium

價格溢價

Procurement Process

採購流程

Production Process

生產流程

Depreciation and Amortization

折舊與攤銷

Non-cash Expenses

非現金費用

Personnel Expense

人事費用

Cost of Materials

原料成本

Other Operating Income or Expense

其他營業收支

Net Non-recurring Income or Expense

淨非經常性收支

Tax on Operating Items

營業項目所得稅

Investment and Interest Income

投資與利息收入

Interest Expense

利息費用

Asset Management

資產管理

Working Capital Management

營運資金管理

Non-current Asset Management

非流動資產管理

Working Capital

營運資金

Current Assets (CA)

流動資產

Excess Cash and Cash Equivalents (CASH)

超額現金及現金等價物

Current Liabilities (CL)

流動負債

Current Debt and Current Portion of Non-current Debt (NCL)

流動負債與一年內到期非流動負債

Operating Working Capital Turnover

營運資金週轉率

Trade Receivable Turnover

應收帳款週轉率

Days' Receivables

應收帳款週轉天期

Inventory Turnover

存貨週轉率

Days' Inventory

存貨週轉天期

Accounts Payable Turnover

應付帳款週轉率

Days' Payables

應付帳款週轉天期

Net Non-current Assets

淨非流動資產

Property, Plant, and Equipment (PP&E)

不動產、廠房及設備

Intangible Assets

無形資產

Goodwill

商譽

Derivatives

衍生性金融商品

Non-interest Bearing Non-current Liabilities

無息非流動負債

Deferred Taxes

遞延所得稅

Net Non-current Operating Asset Turnover

淨非流動營運資產週轉率

PP&E Turnover

不動產、廠房及設備週轉率

Cash Conversion Cycle

現金週轉天期

Financial Distress

財務危機 / 財務困境

Liquidity Crisis

流動性危機

Bankruptcy Risk

破產風險

Current Debts and Non-current Debts

流動與非流動負債

Liquidity Analysis

流動性分析

Solvency Analysis

償債能力分析

Liquidity

流動性

Current Ratio

流動比率

Quick Ratio

速動比率

Cash Ratio

現金比率

Operating Cash Flow Ratio

營運現金流量比率

Marketable Securities

有價證券

Liabilities-to-equity Ratio

負債對權益比率

Debt-to-equity Ratio

負債比率 / 債務對權益比率

Debt-to-capital Ratio

債務對資本比率

Interest Coverage

利息保障倍數

Sustainable Growth Rate

可持續成長率

Dividend Payout Ratio

股利支付率

SG&A / Sales

銷管費用占銷貨收入比率