杜邦财务分析体系外文文献翻译最新译文11Word格式.docx

杜邦财务分析体系外文文献翻译最新译文11Word格式.docx

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作者：

McGowanJ

期刊：

AccountingandFinanceResearch页码：

52-63，第1卷，第2期，2016年原文

Abstract

Inorderforthecompany'

slevelofprofitabilityforthecorrectassessmentoffinancialanalysis,havethecertainabilityisnecessary,amongthem,moreapplicabletolistingCorporationtoevaluatetheprofitabilityofDuPontfinancialanalysissystem.Financialanalysisisnotonlythehistoricalsituationandthepresentsituationanalysisofthecompanyalsocanrelyontheanalysisofthehistoricalsituationandthepresentsituationcarriesontheforecasttothecompany'

sfutureprofitability,soastobeable

tocorrectlyassessthecompany'

slevelofprofitability.Thesuccessandfailureofacompanyhavegreatrelationshipwiththecompany'

sfinanciallevel,whilethecompany'

sfinanciallevelcanbereflectedbytheresultsofthefinancialanalysis.

KeyWords：

DuPontfinancialanalysisSystem;

Profitability;

ROE1Introduction

Nowthetrendofglobalizationisunstoppable,andthismakesthecompetitionbetweenenterprisesistorn,italsoincreasedthefinancialcrisisandthedegreeofoperatingrisk.Financialstatementsreflecttheenterprise'

sfinancialpositionandoperatingresultsofaform,itisprovidedbytheaccountingentity.Enterprisepersonnelthroughfinancialstatementsreflecttherealsituation,usefinancialmethodsforseriousanalysis,accuratecalculation,gradualdecompositionandin-depthresearch,sothatyoucanknowthecomprehensiveabilityoftheenterprise,canknowhowcompaniescanaffordtopaytheamountofhowmuchpowertokeepnormaloperationofenterprisesandprofit.Enterpriseyieldstrengthisitsprofitability,andprofitabilityistherealreflectionofenterpriseoperatingperformancegoodorbad.Theprofitabilityoftherelationshipbetweentheenterprisemanagers,creditorsandtheinterestsoftheshareholders,sotheirattentiontoprofitisveryhigh,theyalwayspaidcloseattentiontothetrendoftheeconomy,andinatimelymannertomakeaccurateanalysisandforecastthefuturesituation.So,theenterprisemanagement'

smaingoalistoimprovetheprofitabilityof enterprises.Becauseenterprise'

sbusinessperformanceisdependontheprofitabilityofthecompanyrelatedindicatorsreflectthereal,thebusinessoperatorsthroughtheanalysisofprofitability,cantimelytocorrectsomeproblemsintheoperationandmanagementandmakereasonableplan.

Weanalyzethefinancialstatementstherearesomanyways,comparisonanalysis,themainfinancialratiomethod,trendanalysisandfactoranalysismethod.Buttheeffectofthesemethodsislimited,soitcan'

ttoenterprise'

sfinancialpositionandoperatingresultsfullyreflected,canonlyreflectoneaspect.So,youneedacomprehensive

financialindicatorsonthefinancialconditionofenterprisesareanintegralpartofthereport,atthesametimealsomustcombinevariousrelatedindicators,andthenusingacertainmethodtoenterprise'

sfinancialpositionandoperatingresultstoconductacomprehensivein-depthresearch,andthespecificmethodiscomprehensiveanalysismethod.

2Literaturereview

In1919,theUnitedStatesDuPont,PierreDuPont（PierreDuPont）andDonaldsonBrown（DonaldsonBrown）setouttheDuPontfinancialanalysisSystem（DuPontSystem）,theSystemisbasedonnetassetsyieldindex,inpartbypartofdecomposition,finallytorealizetheorganiccombinationoffinancialanalysisindicators.ReturnonequityindexisthecoreofDuPontfinancialanalysissystem,salesnetprofitmultipliedbythetotalassetsturnoverandtherightsandinterestsistheresultofthereturnonequity,withfromtoptobottomofkeyindexdecomposition,thecompany'

sprofitability,operationability,debtpaymentsandotherfinancialassociationbetweenmoreclearly,itiswidelyusedintheactualassessment,butactuallyveryfewforeignscholarsstudiedit,letalonetoimproveitsmethods,toperfectitstheoryandpracticeandresearchonit,itisahandful.Palmer'

sofficeatHarvardUniversityintheUnitedStates,andintheanalysisandevaluationforenterprises"

putsforwardthesustainablegrowthrate,anduseitasadeformationofDuPontfinancialanalysissystemandcomplementary,buildthe"

palmer'

sfinancialanalysissystem"

.Thisprocessislayersofdecompositionprocessoffinancialindicators,thisanalysismethodisactuallyonemoreconsiderationfordividend

paymentrate,butthereisnobigeffect.AlexKaneisaprofessorattheuniversityofCalifornia,bodeisaprofessorattheuniversityofBoston,theyjointlyatBostoncollegeAlanj.Marcus（Alanj.Marcus）（2003）,aprofessorattheessenceoftheinvestmentoft