1, current ratio = current assets/current liabilities
2. Quick ratio = (current assets-inventory)/current liabilities
3. Conservative quick ratio = (cash+short-term securities+notes receivable+net accounts receivable)/current liabilities
4. Business cycle = inventory turnover days+average collection cycle.
5. Inventory turnover rate (times) = cost of sales/average inventory
In which: average inventory = (inventory at the beginning of the year+inventory at the end of the year)
Inventory turnover days =360/ inventory turnover rate = (average inventory *360)/ cost of sales
6 accounts receivable turnover rate (times) = sales revenue/average accounts receivable
Among them: sales revenue is the net amount after deducting discounts and concessions;
Accounts receivable are the amount without deduction of bad debt provision.
Average collection period =360/ accounts receivable turnover rate = (average accounts receivable *360)/ net income of main business.
7. Turnover rate of current assets (times) = sales revenue/average current assets.
8. Total assets turnover rate = sales revenue/average total assets
9. Asset-liability ratio = total liabilities/total assets
10, property right ratio = total liabilities/owner's equity
1 1, tangible net debt ratio = total liabilities/(shareholders' equity-net intangible assets)
12. Multiples of interest earned = earnings before interest and tax/interest expense.
13, net sales interest rate = net profit/sales revenue * 100%
14, gross sales margin = (sales revenue-sales cost)/sales revenue * 100%
15, net interest rate on assets = net profit/average total assets;
16, ROE = net profit/average net assets (or year-end net assets) * 100% or net sales rate * asset turnover rate * equity multiplier or interest rate on net assets * equity multiplier.
17, cash maturity debt ratio = net operating cash inflow/current maturity debt = net operating cash inflow/(long-term maturity debt+notes payable)
18, cash current debt ratio = operating cash flow/current liabilities
19, total cash debt ratio = operating cash inflow/total liabilities.
20. Sales cash ratio = operating cash flow/sales.
2 1, interest rate = net interest rate+additional interest rate+risk additional interest rate.
22. Cash recovery rate of all assets = net operating cash flow/all assets * 100%.
23. Fixed average annual cost = (original value+operating cost-residual value)/service life or = (sum of original value+operating cost present value-residual value present value)/annuity present value coefficient.
24. Operating cash flow = operating income-cash cost-income tax = after-tax net profit+depreciation = income (1- income tax)-cash cost (1- income tax)+depreciation * tax rate.
25. cash flow adjustment method: adjusted net present value =∑][a* expected cash flow /( 1+ risk-free rate of return) t]a- positive equivalent.
26. Risk-adjusted discount rate method: adjusted net present value = ∑ [expected cash flow /( 1+ risk-adjusted discount rate) t]
Investor's required rate of return = risk-free rate of return +b * (average market rate of return-risk-free rate of return):
Rate of return required by the project = risk-free rate of return+b * of the project.