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An Improved Application And Research For ZHGD Comepany Based On Dupont Analytic Method

Posted on:2018-01-11Degree:MasterType:Thesis
Country:ChinaCandidate:S Q ChenFull Text:PDF
GTID:2439330563992844Subject:Accounting
Abstract/Summary:PDF Full Text Request
In today's challenging market environment,professional financial statements analysis is of paramount importance to all stakeholders,including managers and investors in listed companies.Financial statements analysis can be a reasonable integration of financial data and convert it into a reference for the information content to help users report analysis and make the appropriate economic decisions.As a comprehensive financial analysis tool,DuPont Analytica aims to evaluate the return of shareholders' equity and measure the profitability of the company.It has been approved and widely used by many listed companies in Europe and the United States for many years.DuPont analysis method is a kind of accurate and vivid and intuitive financial analysis tool.It takes advantage of the inherent relevance between the financial indicators of the company to construct a complete and multi-level financial analysis system to evaluate the business performance and overall strength of the enterprise,For business investors,creditors and regulators provide a valid reference information.Such a mainstream financial analysis method of the last century has lasted for a hundred years and has also been accepted by many scholars and financial personnel in our country and is well known.However,since China's national conditions and the development of the market economy are different from the developed countries in Europe and the United States,and the traditional Dupont analytical theory can no longer meet the needs of the current economy,how to improve and apply this method in light of the actual conditions in our country deserves our consideration.This paper mainly summarizes the basic concepts and the overall framework of the traditional DuPont analysis method,and then puts forward some suggestions to improve and redistribute the defects and limitations of the traditional DuPont analysis method,and proposes an improved concept of the new DuPont analysis system.Then,taking a representative military enterprise in the electronic communication manufacturing industry,JONHON Co.,Ltd.as a case study object of this article,collecting and consolidating data of the company's financial year report of the past three years,respectively,using the traditional type And the improved DuPont analysis of research and analysis,and toimprove the results obtained before and after the comparison.Then,visually shows the difference between the results of the traditional DuPont system and the improved DuPont system and the difference in effect,so that the advantages of the improved DuPont system will be clear at a glance.Finally,some problems existing in the operation and management of CNAC Optoelectronic Co.,Ltd.and concrete solutions are put forward.As a conclusion,put forward a comprehensive application of financial analysis tools to China modern listed companies represented by AVIC,reasonably grasp the recommendations of DuPont analysis and improvement method,in order that our listed companies can absorb more advanced management concepts and further enhance their financial management capabilities.As early as possible And the world-class enterprise management standards!...
Keywords/Search Tags:Improved dupont analysis, Rate of return on common stockholders' equity, Financial analysis
PDF Full Text Request
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