FIN 539 Formulas – Midterm.
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FIN 539 Formulas – Midterm. πΆπ΄ πΆπΏ πΆπ = ππ·π = ππΌπΈ = ππ = ππ΄ − ππΈ ππ΄ πΈπ΅πΌπ πΌππ‘ππππ π‘ πΆπ΄ − πΌππ£ πΆπΏ π· ππ· = πΈ ππΈ πΌππ£πππ‘πππ¦ π π = π π΄π π·π π = ππ = ππΌ π π ππ΄ = πΆππ£(π π , π π ) π 2 (π π ) πΌππ£πππ‘ ππππππ = 365/( πππ¦ππππ ππππππ = 365 πΌπ ππΌ ππ΄ π ππΈ = ππΌ ππΈ πΆπ‘ (1 + π)π‘ π ππ΄ ∗ π 1 − π ππΈ ∗ π πΆππΊπ ) π΄π£ππΌππ£πππ‘πππ¦ ππ£π πππππ’ππ‘π πππ¦ππππ ππππ’ππ πΆππΊπ⁄ 365 πΆππ β ππ¦πππ = ππππ. ππ¦πππ − πππ¦ππππ πππ. ππ π΄πππ’ππ‘π¦ πππ¦. = 1⁄ [1 − 1⁄ π (1 + π)π ] πΈπΉπ = ( π·π πΌππ£ = π ππ΄ πππ = πΆ0 + ∑ πΌπΊπ = ππ΄ π· =1+ ππΈ πΈ ππ΄π = π‘=1 π½π = πΆ πΆπΏ 365 π π π π ππΈ = ππ ∗ ππ΄π ∗ πΈπ πΈπ = πΆππΊπ πΌπ = πΆππ = πΈπ΄π = (1 + ππ’ππ‘ππ ππππ’ππ ππ π ) −1 π ππΊπ = π πππππ£πππππ ππππππ = π ππΈ ∗ π 1 − π ππΈ ∗ π π΄π£π πππππ’ππ‘π πππππ£ ππππ’ππ π ππππ ⁄ 365 ππππππ‘πππ ππ¦πππ = πΌππ£πππ‘ πππ. +π ππππ£. πππ. πΆπππ‘ππππ’π πΈπ΄π = π π − 1 π π = π Μ π + π½π πΉ π΄π π ππ‘π πππππΏπππ ) ∗ βπππππ − ∗ βπππππ − (ππ ∗ πππππππ‘πππππππ ) ∗ (1 − π) πππππ πππππ π·πΌ = πΉπππ ππππ’π ππ ππππ ∗ (1 − ππ’ππ‘ππ ππππ’ππ πππ‘ππππ π‘ πππ‘π ) ππ’ππππ ππ πππππππ ππ π‘βπ π¦πππ CR CA CL QR CaR C TDR TA TE D/E TD TE EM TIE EBIT IT COGS DSINV RT S AR DSR TAT PM NI ROA ROE NPV IGR SGR ROI B AP RP EFN DI Current Ratio: ability to pay of short term debt Current Assets Current Liquidity Quick Ratio: ability to pay of s-t debt right away by selling current assets (without inventory) Cash Ratio: ability to pay of s-t debt with cash only Cash T. debt ratio: % of total assets that were financed by liabilities, debt Total Assets Total Equity Debt/Equity ratio: indicates what proportions of debt and equity is used to finance assets Total Debt Total Equity Equity Multiplayer Times interest Earned Earnings before taxes and interest Inventory Turnover: how many times per year inventory is turned over Cost of Goods Sold Days sales inventory: how many days it take to sell inventory Receivables Turnover: how many times per year we collect the receivables. Sales Account receivables Days Receivables: how many days we need to collect the receivables Total assets Turnover means that company is getting better in utilizing their assets Profit Margin Net income Return on Assets Return on Equity Net present value Internal Growth Rate: highest growth achievable without outside financing Sustainable growth rate: highest growth without increasing the leverage of the comp. Return on investment: profitability of assets used by the firm Plowback ratio: 1- payout ratio (measures amount of money that stayed after dividends) Payout ratio: measures amount of money that been payout as dividend Accounts payable Systematic Risk External Financing Needed: how much ext. money is needed to increase sales Discount interest – effective rate that we pay on the loan
