拓展杜邦财务分析体系的思考

权益净利率是一个综合性极强,最具代表性的财务指标。针对权益净利率的影响因素销售净利率从管理会计角度进一步分解,而在资产周转率和权益乘数下则引入了现金流量指标。拓展后的杜邦财务分析体系能较好地克服原体系的许多不足,可以从企业的产品贡献能力、荻利能力、风险大小、资产结构及周转能力、资本结构及偿债能力、现金流量状况等方面综合分析企业的责金增值能力和发展能力。能更加全面、准确地分析企业的综合财务状况。

A Thinking on Developing Du Pont Financial Analysis System

ROE is a very comprehensive and typical financial index.This paper illustrates the affecting factor of ROE-rate of return on sales from the angle of management accounting and adopts cash flow index under total assets turnover and equity multiplier.Overcoming many problems of the former sys- tem,the developed"Du Pont Financial Analysis System"can analyze the enterprise's ability of cash in- crement and developing ability in terms of the product contribution ability,profit gaining ability,risk probability,assets structure and its turnover ability,capital structure and its ability to pay debts and cash flow situation of the enterprise.Thus it can analyze the comprehensive financial situation of the enter- prises fully and exactly.