基于改进杜邦分析法的柳州钢铁业绩评价研究  

Research on Performance Evaluation of Liuzhou Steel Based on Improved DuPont Analysis

作　　者：蒋慧敏 JIANG Hui-min(School of Business Administration,Guangxi University,Nanning 530004,Guangxi)

机构地区：[1]广西大学工商管理学院,广西南宁530004

出　　处：《江苏商论》2023年第9期109-112,共4页Jiangsu Commercial Forum

摘　　要：杜邦分析法作为财务综合分析的主要方法,在上市公司中被广泛运用。随着经济业务的多样化发展以及对财务分析体系要求的进一步提高,传统的杜邦分析法暴露出“未考虑资本结构的影响、未反映现金流量”等诸多弊端。本文以柳州钢铁股份有限公司为案例研究对象,运用改进的杜邦分析体系,考虑企业的可持续增长率并以经营活动为主,不考虑非经营活动对企业的业绩影响,对企业各项财务指标进行了横向与纵向分析。结果表明,柳钢股份需要注重可持续发展理念,改善资本结构,盈利能力与偿债能力都需要进一步提高。As the main method of financial comprehensive analysis,DuPont analysis is widely used in listed companies.With the diversified development of economic business and the further improvement of the requirements for the financial analysis system,the traditional DuPont analysis has exposed many drawbacks such as“not considering the impact of capital structure and not reflecting cash flow”.Taking Liuzhou Iron and Steel Co.,Ltd.as the Case study object,this paper uses the improved DuPont analysis system,considers the sustainable growth rate of the enterprise,focuses on business activities,and does not consider the impact of non business activities on the performance of the enterprise.The results indicate that Liugang Group needs to focus on the concept of sustainable development,improve its capital structure,and further enhance its profitability and debt repayment ability.

关 键 词：杜邦分析法 可持续增长率 现金流 

分 类 号：F729.23[经济管理—产业经济]