Zvireruke reshiyo (zvemari zvireruke)

boka rose anoda kuwedzera ayo musika mugove. In nedanho inotungamirwa uye kubudirira kambani anosika uye anovaka pachake guta rayo. Zviri kakawanda kusvetukira ari kukura kana kutanga-up nzvimbo itsva vane kukwezva wokumwe guta. Nokuti ano upfumi ane dzakabudirira zvakanaka rwezvemabhengi kwemauto Nehunde masangano kuti vawane chikwereti guru hazvina kuoma.

Dzidziso pakuenzanisa guru

Kana chikwereti mari kunokosha pakati nepakati pamusoro wazvipira aita muripo uye vavariro. Nokutyora izvozvo, unogona kuwana kuchikosha zvinoderedza mwero pakukura uye Kuipa zviratidzo zvose.

Maererano dzidziso Modigliani-Miller, kuvapo imwe chikamu chikwereti guta iri zvachose guta mamiriro, chine kambani runobatsira magetsi uye ramangwana kukura wekambani. Akakwereta mari pane zvine mari basa kunoita ngaatungamirire kuna vaizotibata nzvimbo, muchiitiko ichi, mari multiplier kwepasi anoshanda kana mumwe midzi chikwata vachawana imwe chikwata.

Asi kana pane mukuru inorwara vakakwereta mari kambani havagoni kusangana zvayo zvose zvemukati uye zvimwewo munataisireva nokuwedzera uwandu chikwereti SERVICING.

Saka, chikuru chinangwa kambani, achikwezva yechitatu-party guru, ngaaverenge Zvakanyanya Kunaka Panguva Yepamuviri reshiyo mari zvireruke uye kuumba zvakanakanaka zvinonyatsorehwa guru mamiriro. Izvi zvakakosha kwazvo.

Financial zvireruke (the mhikuriso), tsanangudzo

zvireruke reshiyo ndiye reshiyo pakati anowanika guta iri kambani: yayo uye rakumbirwa. Nokuti kunzwisisa nani, zvinokwanisika uye mune imwe nzira kuzoumba tsanangudzo. zvireruke reshiyo - ngozi chakarurama, izvo zvinotora pamusoro kambani, ndinosika chaiyo maumbirwo anopa mari, kureva kushandisa sezvo ivo pachavo uye rakumbirwa mari vose.

Kuti tinzwisise shoko "zvireruke" - Chirungu-mutauro, zvichireva mushanduro "mhikuriso", saka kazhinji ruoko zvemari inonzi "zvireruke zvemari". Zvakakosha kunzwisisa ichi uye kwete kufunga kuti mashoko aya akasiyana.

"Papfudzi" zvinoriumba

zvireruke reshiyo inorangarira wandei zvinoriumba, izvo kuchachinja kwayo mwero uye migumisiro. Pakati pavo vane:

1. Mitero, kureva mutero mutoro pamusoro kambani pakuita mabasa ayo. Mitero zviri wakasiyiwa mamiriro, saizvozvo boka iri nyaya iyi inogona kuchinja padanho mutero mari chete nokuda kuchinja mutero neChikomonisiti dzakasarudzwa.
2. Chokukomborerwa zvemari zvireruke. reshiyo iyi vakakwereta mari neImba. Kunyange mufananidzo uyu anogona kupa kwokutanga pfungwa mutengo guru amutswa.
3. Differential zvireruke zvemari. Uyewo, indekisi enzanirana, iyo inobva musiyano iri profitability pamusoro yesangano uye mubereko, iyo inobhadharwa zvikwereti akatorwa.

The yokuita mari zvireruke

Change zvireruke reshiyo, kuti nzira iri nyore, sezvinotevera.

The mhikuriso ruoko = Kukosha chikwereti guru / zvakarurama ukoshi

Pakutanga, zvinhu zvose zviri pachena uye nyore. The yemaitiro rinoratidza kuti pamafudzi mari zvireruke reshiyo - nhamba chikwereti zvakarurama.

Zvireruke zvemari zvireruke Migumisiro

Zvireruke (zvemari) chokuita nokukwereta mari, izvo chinangwa kukura wekambani, uye profitability. Kutsanangura guru mamiriro uye kuwana reshiyo, kureva nokuda pakuverenga ari gearing reshiyo, iyo nzira pachiyero uko kunoratidzwa, zvinogona kuongororwa guta kunyatsoshanda (i.e., Royi).

fudzi kushanda kunopa njere sei kushandura kubudirira shareholders 'zvakarurama nokuti kwakanga kubatanidzwa vemamwe guta iri nekambani turnover. pane chimwezve payakavakirwa izvo anofunga indekisi dzaona pamusoro kuverenga zvazviri.

Kusiyanisa pakati akanaka uye kunaka kunoita mari zvireruke.

Chokutanga - apo kusiyana kudzoka musi zvachose guta pashure vaibhadhara mitero zvose, akapfuudza chimbadzo nokuda unozvipiwa chikwereti. Kana mugumisiro mukuru razero, kuti ndiye akanaka, kuwedzera zvireruke kunobatsira uye anogona kukwezva yokuwedzera nokukwereta.

Kana zvazviri ane "kubvisa" chiratidzo, unofanira kutora matanho kudzivirira kurasikirwa.

American uye European mhirikiro of zvireruke maturo

Kududzira maviri zvireruke nomugumisiroi akavaka chii kusimbisa kuwedzera kufungwa dzemaitirwe. Izvi zvinonyanya zvakadzama kufunga kuti zvireruke reshiyo inoratidza chitsama simba pamusoro migumisiro zvemari.

American muenzaniso kana pfungwa kufunga zvemari zvireruke kuburikidza purofiti uye mambure mubereko mushure kambani agamuchira zvose kubhadhara. muenzaniso uyu inorangarira rokuti mutero.

The European Pfungwa anobva vakarongeka kushandiswa vakakwereta guru. Chinotsanangura migumisiro kushandiswa nokururama guru uye kuenzaniswa nezvaizoitwa kunobatanidza vakakwereta guru. Nemamwe mashoko, dzidziso anobva pakuva tinyatsonzwisisa kuti profitability imwe neimwe guru.

mhedziso

Chero kambani ndehwokuti vabudirire kanenge zororo-kunyange kutosvika, uye sezvo vaifanira - kuti vabudirire kwakawedzera profitability. Nokuti kuzadziswa zvose zvinangwa hamuneni zvakarurama zvakakwana. Makambani Very vazhinji akarwawo yokukwereta kuti kukura. Zvakakosha kuti kuva pakati nepakati zvakarurama uye mwoyo. Zviri kuona kana magetsi nguva, akazodzikama airemekedzwa uye vakashandisa mwero zvemari zvireruke. Zvinobatsira kuziva sei kuitika guta mamiriro unokubvumira kushanda mamwe borrowings.