As it was already noted above, the coefficient of investment appeal of the enterprise represents the relation of real (internal) cost of the enterprise to its today's market (authorized) value. Market value represents the total cost of all stocks of the enterprise for the price of their possible today's acquisition. Authorized cost represents the size of authorized capital specified in balance of the enterprise.
From the second group it is possible to take two indicators for the analysis: profitability of assets and profitability of the current assets. And the second indicator can give more exact characteristic as the current assets are less subject to casual fluctuations and besides they do not reflect losses.
The purpose of calculations of optimum size of coefficient of borrowed funds is identification of a potential reserve of growth of profitability of own capital by which size it can be increased and will be used in calculation of future income.
Is an indicator of efficiency of resource type and reflects an of use of current assets of the enterprise. Pays off on the basis of data of "Profit and loss report" (fraction numerator) and "Balance sheet" (a fraction denominator).
Thus, we find a reserve of growth of profitability of own capital or at the expense of increase in additional positive EFR, as in the first case, or at the expense of an exception of otrittsatelny EFR as in the second case.
The general rule is as follows: should be carried out investments if the expected income level on the capital is not lower or it is equal to a market rate of percent on loans. This example proves alternativeness of economic decisions in a market economy, need of continuous comparison of various versions of economic decisions and a choice optimum of them once again. Thus, the percent carries out the most important task of effective distribution of resources in a market economy, a choice of the most profitable of possible investment projects.
Fv.sr. - the size of financial investments, average for the analyzed period. Pays off on the basis of "Profit and loss report" (fraction numerator) and "Balance sheet" (a fraction denominator). Is an indicator of efficiency of resource type, however, at a not of return of investments it can be considered as an indicator of expensive type. Reflects efficiency of financial activity of the enterprise. Comparison to indicators of the first group gives a of a choice of the most effective direction of these investments. However, high value of an indicator is always interfaced to high risk of financial investments.
Relative indicators of financial results on a calculation procedure are indicators of efficiency of different types. Their main advantage is that they are not subject to inflation influence as are relative sizes. All relative indicators of financial results belong to direct indicators of efficiency of resource or expensive type. Therefore, a positive tendency of their change is the tendency to growth. Absolute measures of financial results act as effect in all indicators (gross, net profit and them about stavny elements). In this regard relative indicators of financial results are called differently profitability indicators (sometimes classify them as a kind of indicators of business activity).
Let's consider the maintenance of these indicators and a technique of their calculation for groups of indicators of profitability, each of which in turn characterizes the certain direction of economic activity of the enterprise. All indicators of profitability can conditionally be united in three groups: profitability of production; profitability of property; profitability of the capital.
Comprises signs of an indicator of efficiency of expensive and resource type as as a part of assets there are advanced and expenses of the consumed resources. It reflects profitability of each unit of value of assets. Can pay off both on gross, and on net profit. In the first case characterizes the general of assets (gross - an indicator), in the second - real return (net - an indicator). A source of information is "Profit and loss report" (on numerator) and "Balance sheet" (on a denominator).
Is an indicator of efficiency of resource type and reflects efficiency of functioning of business assets a. Pays off with attraction of data of "Balance sheet", "Annex to balance" (fraction denominator) and "Profit and loss report" (fraction numerator).