杜邦分析法-五粮液集团

乘数=0.13556927*1.17811585=0.1597163058Р资产负债率=2040483851.52/13496420728.24=0.15118704Р权益乘数=1/0.84881296=1.17811585Р销售净利率=净利润÷销售收入=1829699892.55/7933068723.21=0.23064213Р总资产周转率=销售收入÷总资产=7933068723.21/13496420728.24=0.58779056Р资产净利率=销售净利率×总资产周转率=0.13556927Р2009Р权益净利率=资产净利率×权益乘数=0.16627432*1.42993345=0.23776121Р资产负债率=6268628391.14/20849090535.73=0.300666755Р权益乘数=1/0.699333245=1.42993345Р销售净利率=净利润÷销售收入=3466668431.51/11129220549.61=0.31149247Р总资产周转率=销售收入÷总资产=11129220549.61/20849090535.73=0.53379885Р资产净利率=销售净利率×总资产周转率=0.16627432Р2010Р权益净利率=资产净利率×权益乘数=0.15910359*1.56121866=0.2483954936Р资产负债率=10307398983.69/28673500525.16=0.35947473Р权益乘数=1/0.64052527=1.56121866Р销售净利率=净利润÷销售收入=4562056835.6/15541300510.85=0.29354408Р总资产周转率=销售收入÷总资产=15541300510.85/28673500525.16=0.54200918Р资产净利率=销售净利率×总资产周转率=0.15910359