Submitted by: Submitted by arnelol
Views: 196
Words: 267
Pages: 2
Category: Business and Industry
Date Submitted: 12/19/2012 02:07 PM
Growth of sales = [Sales(t) – sales(t-1)] / Sales(t-1)
Growth (volume) = [Volume(t) – volume(t-1)] / Volume(t-1)
Growth (price) = [Price(t) – price(t-1)] / Price(t-1)
Prod HR = VA / Average headcount
VA Capital = VA / Non-current assets
EBITDA margin = EBITDA / Sales
Contribution margin = Fixed costs
m * sales0 = Fixed costs
m = (Sales – variable costs) / Sales
Sales0 = Fixed costs / m
Operating leverage = Sales / (Sales – Sales0)
Non-current assets
Inventories
+ Trade receivables
- Trade payables
= Operating WC
+ Non operating WC
= WC
Capital employed
SE
Short medium and long term debts
+ Short term borrowings
- Marketable securities
- Cash and equivalents
= Net debt
Invested capital
WC on sales = Operating WC / Annual sales (excl. VAT)
Days/receivables = Total receivables * 365 / Annual sales (incl. VAT)
Days/payables = Accounts payable * 365 / Annual purchases (incl. VAT)
Days/inventories = Inventories and work in progress * 365 / Annual sales (excl. VAT)
Net treasury = Marketable securities & cash – short term borrowing
Current ratio = Current assets / Current liabilities
Acid test ratio = (Current assets – inventories) = Current liabilities
Debt ratio = Total debt / Total assets
Debt to equity = Total debt / Total equity
Years needed to repay debt = Net debt / EBITDA
Debt service ratio = EBIT / Net interest expense
PV0 = FV * 1 / (1 + r)^t
ROCE = Operating profit after tax / Capital employed
ROE = Net income / SE
ROA = Operating profit after tax / Total assets
ROE = ROCE + (ROCE – i) * D/E
Equity value = Enterprise value – Net debt value
Value of a share = Equity value / Number of shares
Market capitalization = Total number of shares outstanding * share price
P/E = Market price per share / Current earnings per share
P/BV = Market price per share / Book value per share