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Flashcards

CFA

holden_cowfield Inglês 49 flashcards

Flashcards do conjunto (49)

  1. 1Net profit marginNet income / Revenue
  2. 2Return on Assets (ROA)Operating income / Average total assets
    (a higher result is better)
  3. 3Return on Equity (ROE)Net income / Average shareholders' equity
  4. 4Vertical AnalysisCommon-size analysis using only one reporting period
  5. 5Horizontal AnalysisCommon-size analysis comparing multiple time periods or multiple companies
  6. 6Activity RatiosMeasures how efficiently a company performs day-to-day tasks (collect a/r, manage inv)
  7. 7Liquidity RatiosMeasures a company's ability to meet its short-term obligations
  8. 8Solvency RatiosMeasures a company's ability to meet long-term obligations. Subsets aka "leverage" & "L-T debt" ratios.
  9. 9Profitability RatiosMeasures a company's ability to generate profits from its resources (assets)
  10. 10Valuation RatiosMeasures the quality of an asset or flow associated with ownership of a specified claim
  11. 11Inventory Turnover (Activity Ratio)Cost of sales or cost of goods sold / Average inventory
  12. 12Days of Inventory on Hand (DOH) (Activity Ratio)Number of days in period / Inventory turnover
  13. 13Receivables Turnover (Activity Ratio)Revenue / Average receivables
  14. 14Days of sales outstanding (DSO) (Activity Ratios)Number of days in period / Receivables turnover
  15. 15Payables Turnover (Activity Ratios)Purchases / Average trade payables
  16. 16Number of days of payables (Activity Ratios)Number of days in period / Payables turnover
  17. 17Working capital turnover (Activity Ratios)Revenue / Average working capital
  18. 18Fixed asset turnover (Activity Ratios)Revenue / Average net fixed assets
  19. 19Total asset turnover (Activity Ratios)Revenue / Average total assets
  20. 20Defensive Interval RatioMeasures how long a company can pay its daily cash expenditures using only existing liquid assets
  21. 21Cash Conversion CycleA metric (not ratio) that measures the length of time required for a co to go from $ paid to $ received
  22. 22Current RatioCurrent assets / Current liabilities
    (higher is better)
  23. 23Quick RatioCash + Short-term marketable investments + Receivables / Current liabilities (higher is better)
  24. 24Cash RatioCash + Short-term marketable investments / Current liabilities
  25. 25Defensive interval ratioCash + Short-term marketable investments + Receivables / Daily cash expenditures (higher = greater liquidity)
  26. 26Cash Conversion Cycle (net operating cycle)DOH + DSO - # days of payables
  27. 27Cash Conversion Cycle Steps1) Buy inv on credit,
    2) Sell inv on credit,
    3) Pay to settle AP,
    4) Collect $ to settle AR
  28. 28Cash Conversion CycleA shorter cycle = greater liquidity (neg # can be ok, but big neg # can mean trouble)
  29. 29Operating LeverageResults from the use of fixed costs in conducting the company's business
  30. 30Financial LeverageThe use of debt to finance a company
  31. 31Two types of solvency ratios1) Debt ratios,
    2) Coverage ratios
  32. 32Debt ratios (a solvency ratio)Focus on the balance sheet and measure the amount of debt capital relative to equity capital
  33. 33Coverage ratios (a solvency ratio)Focus on the income statement and measure the ability of a co to cover its debt payments
  34. 34Debt-to-assets RatioTotal debt / Total assets (higher ratio = more risk)
  35. 35Debt-to-capital RatioTotal debt / total debt + total shareholders' equity (higher ratio = more risk)
  36. 36Debt-to-equity RatioTotal debt / Total shareholders' equity (higher ratio = less solvent)
  37. 37Financial Leverage RatioAverage total assets / Average total equity (higher = more levered)
  38. 38Interest CoverageEBIT / Interest payments (higher = more solvent)
  39. 39Fixed charge coverageEBIT + Lease payments / Interest payments + Lease (higher = more solvent)
  40. 40Fixed Charge Coverage UseUsed as an indication of the quality of preferred dividend (higher = div more secure)
  41. 41Gross profit marginGross profit / Revenue
  42. 42Operating profit marginOperating income / Revenue
  43. 43Pretax marginEBT / Revenue
  44. 44Net profit marginNet income / Revenue
  45. 45Operating ROAOperating income / Avg total assets
  46. 46ROANet income / Average total assets
  47. 47Return on total capitalEBIT / Short- and long-term debt and equity
  48. 48ROENet income / Average total equity
  49. 49Return on common equityNet income - pref div / Average common equity

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Descrição
Financial Reporting Flashcards
Criado por
holden_cowfield
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102
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