e progresul comportamentului diferitelor categorii de cheltuieli ...
e progresul comportamentului diferitelor categorii de cheltuieli ...
e progresul comportamentului diferitelor categorii de cheltuieli ...
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Exemplu:<br />
1. Cifra <strong>de</strong> afaceri 4000 mil. lei<br />
2. Cheltuieli aferente 3200 mil. lei<br />
GLQ FDUH VDODULL úL HOHPHQWHOH DIHUHQWH )V 900 mil. lei<br />
4. Restul <strong>cheltuieli</strong>lor (M) 2300 mil. lei<br />
5H]XOWDWXO H[SORDW ULL 5( 800 mil. lei<br />
6. Capital propriu 2500 mil. lei<br />
7. Profit net 375 mil. lei<br />
0DMRUDUHD VDODULLORU SRDWH IL ÄDFRSHULW ´ GH UH]XOWDWXO H[SORDW ULL FHHD FH YD<br />
FRQGXFH OD GLPLQXDUHD SURILWXOXL QHW FX FRQVHFLQ HOH FDUH GHFXUJ GH DLFL VDX<br />
QHJRFLHUHD SUH XULORU GH YkQ]DUH SHQWUX PHQ LQHUHD SURILWXOXL<br />
ÌQ SULPD LSRWH] OLPLWD PD[LP GH PDMRUDUH D VDODULLORU R FRQVWLWXLH<br />
UH]XOWDWXO H[SORDW ULL FHHD FH vQ SURFHQWH vQVHDPQ<br />
RE<br />
⋅ 100<br />
Fs<br />
respectiv,<br />
800<br />
⋅100<br />
= 88,<br />
89%.<br />
900<br />
$FHVW OXFUX VH YHULILFD SULQ UHOD LD<br />
⎛ RE ⎞<br />
M + Fs⎜1<br />
+ ⎟<br />
⎝ Fs ⎠ 2300 + 900 × 1,<br />
8889<br />
=<br />
= 1<br />
CA<br />
4000<br />
'DF VDODULLOH VH PDMRUHD] FX UH]XOWDWXO H[SORDW ULL VH<br />
PLFúRUHD] FX PLO OHL × 3HQWUX D VH PHQ LQH DFHODúL UH]XOWDW<br />
DO H[SORDW ULL FLIUD GH DIDFHUL WUHEXLH V FUHDVF FX XQ DQXPLW SURFHQW<br />
GHWHUPLQDW GH FRWD GH PDMRUDUH D VDODULLORU úL SRQGHUHD DFHVtora în cifra <strong>de</strong><br />
900<br />
afaceri. În cazul dat 0 , 20 × = 0,<br />
045 sau 4,<br />
5%.<br />
4000<br />
6SRULUHD FLIUHL GH DIDFHUL FX UHSUH]LQW PLO OHL<br />
HFKLYDOHQWXO PDMRU ULL VDODULLORU ÌQ DFHVWH FRQGL LL QX VH PRGLILF UH]Xltatul<br />
H[SORDW ULL úL SURILWXO QHW FDUH LQWHUHVHD] SH Sroprietarii capitalului.<br />
În ipoteza stabilirii unui prag minim <strong>de</strong> rentabilitate, <strong>de</strong> exemplu,<br />
ID GH FDSLWDOXO SURSULX OLPLWD PD[LP GH PDMRUDUH D VDODULLORU YD IL<br />
2300 + 900<br />
4000<br />
⎛ 800 − 250 ⎞<br />
⎜ ⎟100 = 61%<br />
⎝ 900 ⎠<br />
ÌQORFXLQG vQ UHOD LD SUHFHGHQW UH]XOW :<br />
( 1 + 0,<br />
61)<br />
=<br />
0,<br />
93725,<br />
GHFL XQ FRHILFLHQW VXEXQLWDU FHHD FH DUDW