Category: Money Tips Date: 2006-09-11
Xiao Zhang Teacher:
Through the "Report as you ask" column, I learned a lot of knowledge in the analysis of annual reports, and now would like to ask an annual analysis of specific issues, the report analyzes the factors commonly used in analysis, specifically, how to use?
Jiangsu Cheng Wei
Cheng Wei reader:
Factor analysis method is by analyzing the factors that affect the financial indicators and to calculate its impact on the indicators to illustrate the actual number of current and planned, or the base phases compared to the financial indicators of the main causes of changes or differences in an analysis method. Factor analysis was applied to a variety of factors constitute a comprehensive analysis of indicators such as cost, profit, assets, turnover, etc. indicators. The use of factor analysis of the general procedure are: (1) to determine the indicators need to be analyzed; (2) to determine the factors affecting the indicators and with the relationship between the indicator; (3) Calculations to determine the extent of the amount of the various factors.
The specific method of factor analysis is mainly the difference between analysis and chain substitution. Should the various factors and the relationship between an index plus or minus for the relationship, can be used difference analysis.
For example, the total amount of corporate profits by three factors, and its expression is as follows: the total profit = Operating profit + investment gain or loss ± operating income, net, in analyzing the changes last year and this year's profits can be calculated separately the total profits this year's changes, as well as the three factors compared with last year when the different changes, so that you can learn to increase or decrease in profits this year, mainly by three factors which factors.
Note that: The factor analysis as a basis for the analysis of the financial situation of the enterprise part of the analysis exists, and its premise concerns the selection of indicators, decomposition of the factors affecting these indicators and determine the rate of change of these factors, which three areas need-based analysis of other aspects (such as macroeconomic analysis, industry analysis, business strategy analysis, etc.) as a basis.
Shanghai University of Finance and Kinder Ring Jian-Gang Wu
