f. The average repayment WW: As the index shows the average number of days that the company needs to pay suppliers. Release No. 2014 (26.96 days), an increase compared with 2013 (22.89), although the previous year's numbers dropped nhieu.He the relationship between business and the seller. Any conversion coefficient of higher accounts payable means the company has a good relationship with suppliers and capable of stretching the time to pay to the seller. 3. Measurement profit a. Rates of return. The ratio of the company's business interests quite well over the years. A sales contract generated approximately 0:37 profit compared to the secondary sector, the company is ranked as one of the companies doing well. Sales profit rate was found in 2011 was the highest revenue in 0394 due to the company's high but lower cost of goods sold, the value of the company to negotiate effectively. But by 2014, sales profit rate decreased due to higher cost of goods sold is the cause of rising input costs plus inventory from the time raw materials at high price. B. Pre-tax profit margin on sales. This figure shows a sales contract will generate about 0.11 in profit. Companies doing business but still profitable but lower profits due to higher income tax expense resulted in lower total profit after tax. Scores have positive chìu increased from 0115 to 0119, through which we see the companies are trying to improve their business operations. C. Scores tax profit on turnover. This ratio shows the profit accounted for 8.5% of total company revenue. This ratio has increased over the years from 2010 to 2014 increased from 8.7% to 9.1% of the company profitable and efficient operations over the years. D. Ratio of retained earnings on assets. This ratio shows a property contract will generate a profit of VND 0.1. The company's activity is quite good compared to other companies because the index is more than double the industry average index reached. Scores increased steadily from 2010 to 0133 was 0.95 in 2014. The company focuses on investing in facility for production equipment to try to push profits up. E. Ratio of retained earnings in equity. A capital can generate revenue of VND 0.15. We see the use of the company's capital is quite effective. 2010 index 0.12 but by 2014 this index is 0.2, exceeding the industry average index. 4. Coefficient of solvency interest. A. Coefficient of solvency of the company borrowing rose sharply through the year 2010 specific solvency rate is 4 to 2014 is 12. In other words, the corporate income 4 times higher interest costs for 2010 and 12 times for 2014. the ability of the business to pay higher interest rate also expresses the profitability of assets higher. b. debt service coverage ratio. The ability to repay the company's increasingly improved. 2010 repayment capacity of the company is only at 0.87 but by 2014, the repayment capacity has increased to 0.94. Shows that enterprises do business with high profitability, interest expense decreased. 5. Leverage and debt ratio. A. Total debt to total assets. We see a company with debt service guaranteed by between 0.35 copper assets. Which means that about 35% of the company's assets from the borrower. Now that we see the possibility of financial autonomy of the company is high. In 2010, this ratio is 0458 but by 2014 this percentage decreased significantly only 0339. This is due to short-term borrowings and long-term reduction of the business. Compared to the industry average targets, the company showed a much lower financial management company well. However it may also imply unknown enterprises exploiting financial leverage, ie not know how to raise capital in the form of loans. B. Long-term debt to total assets. For companies Thien Long seen this ratio (average 0.015) is very small for long-term loans of enterprises with a very little amount of money. 2010 enterprises hardly the only long-term loans and short term loans of capital used to operate the company demonstrated strong financial potential. The 2011 to 2014 the company has long-term loan amounts but not too large as the company short-term debt less. C. Total debt to total capital Through the figures we see are the property of the business is funded primarily by capital owners. In 2010 the rate of return on capital debt was 0.98 shows major capital of the company is from borrowers but by 2014 this ratio was only 0:51 tells us that is the financial control of the company quite well from a capital company primarily from loans transferred to the company's own use of capital. However compared to the middle sector index is too low because of the use of debt also has an advantage, which is the interest expense will be deducted from the corporate income tax. D. Long-term liabilities in total liabilities. This ratio is very low because the company's main short-term loan company. In 2010 the company did not use a long-term loan agreement in the course of operation which mainly short-term loans. Shows ability to self-finance the company's high.
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