Kuisa Chidzidzo Chidzidzo 4 - Kuongorora Nyaya Yekubhadhara
Sangano rekugovana chikamu chekugadzirisa iyo inomiririra zvinhu zvakagadzirwa nemari yakachengetwa yebhizinesi uye iyo inobhadharwa-muhomwe yevadzidzisi.
Sei kudzoka paEquity (ROE) Kunokosha?
Bhizinesi rine rekudzoka rakakwirira pamusoro pehutano inogona kunge iri iyo inogona kukwanisa mari mukati. Kune chikamu chikuru, kukwirira kwekambani yekudzoka kwehutano kuenzaniswa nemashandiro ayo, zviri nani (kana zvisingakwanisi kuburikidza nehutano hwakanyanya). Izvi zvinofanira kuve pachena kune kunyange mudiki-asi-anonyatsoisa mari. Kana iwe waiva nebhizimisi raive nemari yakakosha (inyanzvi yevashandi) ye $ 100 mamiriyoni emadhora uye yakaita $ 5 mamiriyoni mune purogiramu, ingadai iri kuwana 5% pamari yako ($ 5 ÷ $ 100 = .05, kana 5%). Kuti udzoke zvakare pane imwe nzvimbo yapfuura, yakakwirira iwe unogona kuwana "kudzoka" pahutano hwako, munyaya iyi, 5%, zviri nani. Zvechokwadi, kiyi yekuwana zvikwereti zvichaita kuti uve akapfuma munguva yakareba zvinowanzobatanidza kutsvaga makambani anokwanisa kukurudzira kubhadhara, kusununguka kudzoka kwehutano pamusoro pemakumi emakumi emakore uye kuchiwana nemutengo wakakodzera .
Murairo wekuverenga Kudzoka paEquity
Nzira yeRove on Equity iri nyore uye iri nyore kuyeuka:
- Nenharaunda ÷ Avhareji Avhareji Equity Period = Kudzokera Equity
Tarisa mazita ezvematongerwo enyika mamwechete atakapiwa naMarita Stewart Living Omnimedia pasi pezasi peji. Iye zvino kuti tine mukana wekuwana uye bhadha rebhadharo pamberi pedu, basa redu roga roga nderekuvhara nhamba muy equation yedu.
Imari ya2001 yaiva $ 21,906,000. (Nokuti mari yacho iri muzviuru, tora mufananidzo unoratidzirwa, munyaya iyi, $ 21,906, uye uwedzere ne1 000. Almost all business affiliated trademarks short-hand their statement statements in thousands or millions to save space). Vavhareji vane mugove wekutengesa kwekanguva ndeye $ 209,154,000 (($ 222,192,000 + $ 196,116,000) ÷ 2).
Ngatitangei nhamba kumutengo wekuenzanisa:
- $ 21,906,000 mubhadharo ÷ $ 209,154,000 avhareji wekodzero yekuenzanisa kwemazuva = 0.1047 kudzoka pahutano, kana 10.47%.
Iyi 10,47% ndiyo kudzoka kwokuti vatungamiri vari kuwana mari yekugoverana. Izvi zvakanaka here? Kwemazana ezana ramakumi maviri, S & P 500, chiyero chemakambani makuru uye akakurumbira mumasangano eAmerica, akaenzana nee ROEs 10% kusvika 15%. Mumakore ekuma1990, muzana wekudzoka kwehutano hwakange huri kupfuura 20%. Zviri pachena kuti idzi makumi maviri-pamwe chete muzana nhamba dzingave dzisingagari nekusingaperi kunze kwekunge iwe uchitenda kuti kubereka kunowedzera kunounzwa ne teknolojia yakashandura hupenyu hwehupfumi nenzira imwechete iyo kushandiswa kwemabhizimisi kwakagadzirisa zvachose kugadzirwa kwekutanga.
Kudzoka pamusoro pehutano kunonyanya kukosha nokuti inogona kukubatsira kuti upedze marara akadzingwa nevakawanda veMDC muzvinyorwa zvegore negore pamusoro, "kubudirira pakunyorera mari".
Warren Buffett akaratidza makore akare apfuura kuti kuwana mari yakakwirira gore roga roga ibasa rakaoma. Sei? Gore roga rega, kambani ine kubudirira inobatsira. Kana vatungamiri vasina chimwe chinhu kunze kwekuchengetedza iyo mibairo uye vakagamuchira 4% gore negore, vaigona kukwanisa "kubhadhara rekodhi" nekuda kwezvavakagamuchira. Vaiva vashandi vanove nani here? Zvichida. Zvichida kwete. Kana vakabhadhara mari iyo kubva kune zvikwereti, vashandi vanogona kunge vakazviisa mari uye zvichida vakagadziridza mazinga ekudzoka. Izvi zvinoita kuti zvive pachena kuti vatengesi havagoni kutarisa kuwedzera kwezvikamu zvinowanikwa mari gore rega sechiratidzo chekubudirira. Kudzoka kwehutano chiitiko chinofunga nezvekuchengetwa kunowanikwa kubva kumakore akapfuura, uye inoudza vatengesi kuti kubudirira kwehuwandu hwavo huri kudzorerwazve sei. Nokudaro, inoshanda senyanzvi yepamusoro yehutungamiri hwehupfumi huri nani pane mari yegore negore pane imwe chete.
Kusiyana kwekudzoka kuEquity Calculation
Kudzoka pakuverenga kwehutano kunogona kunge yakazara uye yakaoma sezvaunoda. Nzvimbo dzakawanda dzezvemari uye zviwanikwa zvinowedzera kudzoka pahutano hwakafanana nokutora mari inowanikwa kune avo vanochengetedza zvikwata zvemwedzi gumi nemaviri ichangopfuura uye kugovana nayo inowanikwa chikamu chekugovana kwezvikamu zvishanu zvishomanana. Vamwe vatsvakurudzo vacha "gadzirisa" iyo yechirangwana ikozvino kuburikidza nokutora mari yezvino uye kuwedzera kuburikidza nevana. Dzidziso ndeyokuti izvi zvichaenzana nemari yegore yebhizimisi. Muzviitiko zvizhinji, izvi zvinogona kutungamirira kumagumisiro akaipa uye asina kunaka. Tora chitoro chekutengesa chakadai saShe & Taylor kana American Eagle, semuenzaniso. Mune zvimwe zviitiko, chikamu makumi mashanu kubva muzana kana zvimwe zvemugoroti wekushambadzira uye mari inowanikwa muchina yechina mukati mekugara kweKrisimasi nguva. Mumwe wekurima mari anofanira kunge akangwarira kuti asapedze mari yekubhadhara kwemabhizimisi emwaka.
Kana iwe uchida kunyatsonzwisisa zvakadzika zvekudzoka pahutano, unofanirwa kuzarura mutsva wechigadziri tab, siya chidzidzo ichi kumashure, uye enda kuverenga Kudzoka paEquity - DuPont Model . Nyaya iyoyo ichajekesa zvinhu zvitatu zvinotungamirira ROE uye kuti iwe unogona kutarisa sei pane imwe neimwe kuti uwedzere bhizinesi rako kana kuziva kuti chii chinokura kune imwe kambani; somuenzaniso, iwe unogona kuona kana kuvandudzwa kwezvino munguva pfupi yakabhadharwa kwakakonzerwa nekukwereta kwechikwereti kunzvimbo dzekushanda kwakanaka nevatungamiri.
Peji ino chikamu chekutsvaga Chikoro 4 - Ungaverenga sei Nyaya yekuwana . Kuti udzokere shure pakutanga, ona Zviri Mukati .
Zvinyorwa kubva kuMSO Financial Statements
| Martha Stewart Living Omnimedia, Inc. Excerpt - 2001 Consolidated Balance Sheet | ||
| (Muzviuru kunze kwekugoverana kwe data) | 2001 | 2000 |
| Total Shareholders 'Equity | 222,192 | 196,116 |
| Zvose Zvikwereti uye kugovana kwevashandi | 311 621 | 287 414 |