블로그 이미지
zeonis
번역가이자 IT와 뉴미디어에 관심이 많은 방송기자

calendar

    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    

Recent Comment

2010.10.18 19:58 영어 단어& 표현/경제
크리에이티브 커먼즈 라이선스
Creative Commons License

Return on Equity는 잘 아시다시피 자기자본 이익률입니다. 대차대조표에 나타나 있는 자기자본(기업의 소유자 즉 주주들이 추자한 자본)에 비해 회사가 얼마만큼의 이익을 내고 있는지를 알려주는 지표입니다. 전문가들은 자기자본 이익률 잘 살펴보면 투자의 답이 보인다고 말합니다. ROE는 당기 순이익을 자기자본으로 나눈 것으로 기업이 자기자본으로 얼마를 벌었는지를 보여줍니다. 이를테면 ROE 10%일 경우 주주가 연초 1000원을 투자해 기업이 연말에 100원의 순익을 올렸다는 의미입니다. 이 때문에 ROE가 높은 기업은 이익을 많이 내는 기업으로 주가도 높게 형성되는 경향이 있어 투자지표로도 활용됩니다.  투자자 입장에서 보면 자기자본이익률이 시중금리보다 높아야 투자자금의 조달 비용을 넘어서는 순이익을 낼 수 있으므로 기업투자의 의미가 있는 것입니다.


Return on Capital
은 기업이 영업활동에 투입한 자금(자기자본, 대출금, 기타 투입된 자금 포함)을 얼마나 효율적으로 사용하는지를 알려주는 지표입니다. 즉 기업이 생산에 투입한 자본의 효율성과 수익성을 나타낸다는 점에서 투하자본 수익률이라고도 불립니다투하자본 수익률은 EBIT(Earnings Before Interest and Tax), 즉 이자와 법인세를 차감하기 전의 영업이익을 총자산에서 총부채를 뺀 값으로 나누어서 구합니다. 투하자본 수익률 = 세전 수익/ (총자산-총부채)이 되겠네요.

Return on Equity is an accounting valuation method which calculates the amount of profit a company earned in comparison to the total amount of shareholder's equity found on the balance sheet. ROE is a useful tool in comparing the profitability of a company to the other firms in the same industry. Return on Equity is calculated by dividing the net income of the company by the total amount of its shareholders equity, i.e.; Net Income/ Shareholders Equity. Where the net income is the earnings taken from the consolidated Statements of earnings in the company
s last annual filing with the Securities Exchange Commission (SEC), or they can also be taken as the sum of the last four quarters of the earnings. Shareholders Equity, is the difference between the total assets and total liabilities and can be found on the balance sheet. Return on Equity is of great interest to the common stock holders as it focuses on the companys profitability based on the book value of the common equity. One of the quickest ways to gauge whether a company is an asset creator or a cash consumer is to look at the Return on Equity that it generates. By relating the earnings generated to the shareholder's equity, an investor can quickly see how much cash is created from the existing assets.

Return on Capital on the other hand is a measure of how effectively a company uses its money (whether borrowed or owned), invested in its operations. It is also perceived as a distribution of cash resulting from depreciation, tax savings, the sale of capital assets or securities or any other transaction unrelated to the retained earnings. It is a ratio that indicates the efficiency and profitability of a companys capital investments. Return on Capital is calculated by dividing the profit before interest and taxes by the difference between total assets and total liabilities, to be precise, ROC= EBIT/Total assets- Total Liabilities. ROC should always be higher than the rate at which the company borrows at, otherwise any increase in borrowings will reduce shareholder's earnings.

Return on Equity indicates how well a company is doing with the money it has now whereas Return on Capital indicates how well it will do with further capital. However, Return on Equity gives a better idea of what a company can achieve with its profit and how fast its earnings are likely to grow. Of course, if long term debt is small, then there is little difference between the two ratios. If your data source does not give you Return on Capital for a company, then it is easy enough to calculate it from Return on Equity. Also there is no tax on Return on Capital.

참고사이트


http://www.essortment.com/

http://www.businessdictionary.com/

http://www.investorwords.com/
 

 

저작자 표시 비영리 변경 금지
신고

'영어 단어& 표현 > 경제' 카테고리의 다른 글

불황엔 립스틱효과(Lipstick Indicator)  (1) 2012.12.30
Dollar Value LIFO  (0) 2010.10.19
ROE vs. ROC  (1) 2010.10.18
unearned interest 미경과 이자  (0) 2010.10.13
October Effect, 10월효과  (0) 2010.10.05
Sealed-Bid Auction  (1) 2010.09.30
posted by zeonis

티스토리 툴바