营运能力分析外文中英文翻译.docx

营运能力分析外文中英文翻译.docx

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营运能力分析外文中英文翻译

营运能力分析外文中英文翻译

外文翻译原文OperationabilityysisMaterialSour:

China＇ssecuritiess05/17/xxAuthor:

TecheverOperationabilityfullyutilizeexistingresourstocreatesocialwealthability,canbeusedtoevaluatetheenterprisetoitsownresoursutilizationandoperatingactivitiesability.Itsessenistoasfewaspossibleresoursoupationshortturnovertime,produasnyproducts,createasnysalesrevenue,andtoachievethisgoal,wemustimproveenterprise＇soperationabilitylevel.Operationabilityistheassetsoftheenterpriseturnaroundtomeasuretheefficiencyoftheutilizationofassetsenterprises.Theindexreflectsassetsturnoverratehaveinventoryturnover,liquidassetsturnoverrate,totalassetturnover.Thefasterturnaroundspeed,itshowsthattheenterpriseofassetsintobusinesslinks,formingthefasterthecycleofrevenueandprofitmoreshort,businessefficiencyishigher.Operationabilityreferstotheenterpriseassetturnoveroperationability,usuallycanusetotalassetturnover,fixedassetturnover,flowassetturnover,inventoryturnoverandaountsreivableturnoverthesefivefinancialratiostoenterprises＇operatingcapacityforlayeredysis.Operationabilityysiscanhelpinvestorsunderstandenterprisebusinessconditionsandoperatingnagementlevel.Withoursuningelectricequipment（BBS）（rket,forexample,002024）tointroduhowtoenterprise＇sinvestorsoperatingcapabilityysis.Totalassetturnoveristoshowenterprisesalesineandtotalassetsoftheratioofaveragebalan.Suningxxsalesrevenuefor91.1billionyuan,averagetotalassetsof14millionyuan;xxsalesineincreasedto160.4billionyuan,theaveragetotalassetsisincreasedby2.3times,reached31.9millionyuan.Duetothegrowingrateoftotalassetsthanthesalesineincrease,totalassetturnoverdownto5bylead.Therateofdeclineinxxwithsuningopenedthenewssaredirectlyrelated.Inordertopletethe“nationalcloths“thestrategicpattern,suninginxxat65,anewstorenewlanded20cities,andtheoriginallogistics,servisystemofradiationradiusislimited,sosuningtokeslotsofnagementplatform,inordertosupporttheconstructionoftheurbanconstructioninthesameafterotherstoresoflogisticsandnagement.Thiskessuningexpansionstrategyinitialcostofrelativelyhigh.Currentassetsturnoverisenterprise＇ssalesineandliquidityratioofaveragebalan.Throughthisratioysis,wecanfurtherunderstandingofenterpriseintheshorttermoperationabilitychanges.Fromstatementsthatsuningxxsalesinenearly1.6billionyuan,growthrate,whiletheaverageflowratereachedmorethandoubledassets.Theliquiditydidn＇tbringthesamerginlargeincreaseofsalesinegrowth,socurrentassetsturnoverinxx7.36droppedbythexx5.61,explaintheefficiencyintheuseofsuningliquidassetsdeclined.Fixedassetturnoverisinlyusedforysisoffixedassetssuchasfactorybuildings,equipment,theratiooftheutilizationefficiencyofthehigherandhigher,explainutilization,nagementlevel,thebetter.Ifthefixedassetturnoverparedwithindustryaveragelow,thenexplainingenterpriseoffixedassetsutilizationislow,mightaffecttheenterpriseprofitability.Itreflectsenterpriseassetutilizationdegree.Fixedassetturnoverratio=salesrevenue/averagevalueoffixedassetsTheaveragevalueoffixedassets=（initialequity+finalequity）voting2Enterpriseinsidertainperiodadvocatebusinesswuinewithaveragecurrentassetsratiooftotalassetutilization,isappraiseenterpriseanotherimportantindexes.Itreflectstheenterpriseliquidassetsturnoverratefromenterpriseallassets,liquidityofthestrongestincurrentassetsAngleofenterpriseassetsutilizationefficiency,inordertofurtheryzethequalityofenterpriseassetsrevealsacousticsjorfactor.Currentassetsturnovermeansrtainperiodforayear）（usuallytheinbusinessineandtotalmigrantassetsratiooftheaveragebalan.therefore,canthroughtoinventoryturnoverandaountsreivablefurtherysisofflowassetturnoverratiochanges.Suninginstocksalespririly,therefore,aountsreivableaountedforonlytheliquidity,andinventory50%4.75%.Inventoryturnoverreferstoenterprisesandinventorycostofsalesaveragebalanratio.Forrealestateindustryinventoryturnoverisaverykeyindicators,realestateindustryisveryspecial.Usually,inventoryturnoveristhesoonerthebetter,andrealestateindustryinventoryquantitybigger,theslowertheturnoverthatthestrengthofthepanyisthemoreabundant.Otherindustry＇sinventoryturnoverforsixorseventimesayearofgenerallevel,incontrast,intherealestateindustryayearaboutasecond,ifinsixorseventimesayearinventoryturnoverforrealestateindustryasthepanyistinypanies,withapowerfulrealestatestocks,inventoryturnoverareverylow,becausemustkeepalotoflandreserves,landreserveishisinventory,thehousesbuiltyetformsalesbelongtoassetsrange,dependontheseachievesales.Inventoryturnoverconditioncanalsobeexpressedwithinventory,namelysaiddaysoninventoryturnoverthetimerequiredthattheshorterdays,thefasterinventoryturnover.Suning15.05inventoryturnoverinxxforxx,thisratiodroppedto10.33.Aordingly,inventoryturnoverdaysfrom24daysextendedto35days.Inventoryliquidationspeeddecreasedobviously,explainsuningsalesabilityyexistproblemsdownorinventoryexss.Aountsreivableturnoverreferstotheenterprisertainperiodineandaountsreivablecreditaveragebalanratio.Itreflectsthepanyobtainedtheaountreivablefromtherighttowithdrawmoney,canbeconvertedintocashneededthelengthoftime.Aountsreivableturnovercanbeusedtoestitetheaountsreivableconvertedspeedandnagementefficiency.Recoveryquicklycansavemoney,alsoshowsthatenterprisecreditsituationisgood,noteasylossofbadhappened.Generallybelievethatthehighertheturnoverofthegood.Thisindexmeasureenterpriseaountsreivableintocashspeed.Becausecreditsalesinecan＇teasilyget,inpractiusedmoresalesineiscalculatedalternativecreditine.Suningcustomersisinlyindividualconsumertobothclearofmoneyandgoods,tradingonthebasisoftheaountreivablecreditineproportionisverysll,sothesalesinedataobtainedbyreivableturnoverisveryhigh.Ingeneral,thehighertheratioofenterprisesthatenterprisecollectionreivableandthefaster,canreduthelossofbad,andliquiditystrong,enterprise＇sshort-termsolvencywillalsostrengthen,insomeextentcouldpensateforthecurrentratiolowadverseimpact.Iftheenterprisereivablesturnoveristoolow,thenexplainingenterprisecollectionreivableinefficientorcreditpolicyveryloose,affecttheenterpriseuseofthecapitalandcapitalnorlturnover.Onrealestateenterpriseoperationabilityoffinancialysisframeworkcaninlyfromthreeaspects:

buildingnagementabilityindex,aountsreivableturnoverandworkingcapitalturnoverrate.Inthesethreerespectsbasedonrealestateenterprisebiningthecharacteristics,theselectionoftheappropriatefinancialindexonrealestateenterprises＇operatingcapabilityevaluation.Thispaperputsforwardtheysisframeworkofgeneralapplicability,forrealestateenterprisesandotherenterprisesintheoperationofthenagersdoprovidequantitativebasisfordecision-andysismethods.Throughthecaseysiscanbefoundthat,becausetheinfluenofassetsturnoverrate,totalassetsyieldlevelbutnotnessarilyadvocatebusinesswuineconsistentwithgrossrgin.Andmercialrealestateandindustrialrealestate,residentialrealestatethanwhereprofitrgins,sovanke＇ssalesinerginincreasedyearbyyear,butdespitehighestwhenstillabout41%,butthelujiazui,andthelandisprovidedinecanbeashighas80%grossrgin,cofcopropertyofterialsprossinginealsocanachieve75%grossrgin.Fromthetrend,theinesofthethreepaniesareingrowthstategrossrgin.Butbecausetheoperatingcashflowislow,theefficiencyhighprofitrginsofthelujiazuiandcofcorealestatebutshowlowontotalassets.Threerealestateenterpriseoperationsinthereisamonproblem,namelytheworkingcapitalturnoverrateistooslow.Operationabilityoftheenterpriseofthescaleofoperationsanddifferentdifferenwererealestateenterprisecancauseinventoryturnoverrateandworkingcapitalturnoverrateisdifferent.Residentialpropertyturnoverratethanmercialrealestateandindustrialrealestate,sovankefastertheinventoryturnoverfasterthanlujiazui,cofcopropertybecausesllinscale,theturnoverrateclosetoYuWanKe.Butinrentyearsduetolandpriscontinuetorise,realestateenterpriseshavebeenthroughalotofstore,extendtheprojectdevelopmentperiodandsoonthewaytogettingthehigherprofitrgin.Thusthecurrentrealestateenterprisesinourcountrytherearealargeamountofinventoryturnover,slowills.译文营运能力的分析：

中国证券网05/17/xx：

Techever营运能力是充分利用现有资源创造社会财富的能力，可以用来评价企业对其拥有资源的利用程度和营运活动能力。

其实质是要以尽可能少的资源占用，尽可能短的周转时间，来产生出尽可能多的产品，创造出尽可能多的销售收入，而要实现这个目的，就必须要提高企业的营运能力水平。

营运能力是以企业各项资产的周转速度来衡量企业资产利用的效率。

反映资产周转速度的指标有存货周转率、流动资产周转率、总资产周转率。

周转速度越快，说明企业的各项资产进入经营环节的速度越快，形成收入和利润的周期就越短，经营效率就越高。

营运能力指的是企业资产的周转运行能力,通常可以用总资产周转率、固定资产周转率、流动资产周转率、存货周转率和应收账款周转率这五个财务比率来对企业的营运能力进行逐层分析。

营运能力分析可以帮助投资者了解企业的营业状况和经营管理水平。

我们以苏宁电器（行情,）（002024）为例,向投资者介绍如何进行企业的营运能力分析。

总资产周转率是指企业的销售收入与总资产平均余额的比率。

苏宁xx年销售收入为91.1亿元,平均总资产为14亿元；xx年销售收入增加到160.4亿元,平均总资产更是增长了2.3倍,到达31.9亿元。

由于总资产的增长幅度超过了销售收入的增长幅度,总资产周转率由6.49下降到5。

该比率的下降与苏宁在xx年大规模开张新店有直接的关系。

为了完成“全国性布网”的战略格局,苏宁在xx年新开门店65家,新登陆了20多个城市,而原先的物流、效劳体系的辐射半径有限,因此苏宁要进行大量的管理平台的建设,以此来支撑以后在同一个城市建设其他卖场的物流和管理。

这使