zoukankan      html  css  js  c++  java
  • Cash flow

    Today,we learn about the cash flow.

    Cash flow summary:

    1.The cash flow identity:(现金恒等式)

    cash flow from assets = cash flow ro creditors (bondholders) +cash flow to stockholders (owners)

    What it reflect is the fact that a firm generates cash through its various activities, and that cash either is used to pay creditors or else is paid out to the owner of the firm.

    2.Cash flow from assets:(源自资产的现金流)involves three components

    cash flow from assets = operating cash flow - net capital spending - change in net working capital(NWC)

    where,

    经营性现金流operating cash flow = earning before interest and taxes(EBIT) + depreciation -taxes

    Operating cash flow refers to the cash flow that results from the firm's day-to-day activities of producing and selling.Expenses associated with the firm's financing of its assets are not included since they are not operating expenses.Operating cash flow is an important number because it tells us,on a very basic level,whether or not a firm's cash inflows from its business operation are sufficient to cover its everyday cash outflows.For this reason,a negative operating cash flow is often a sign of trouble.

    To calculate operating cash flow(OCF),we want to calculate revenues minus costs,but wo don't want to include depreciation since it's not a cash outflow,and wo don't want to include interest because it's a financing expense.We do want to include taxes,because taxes are,unfortunately, paid in cash.

    资本性支出net capital spending = ending net fixed assets - beginning net fixed assets + depreciation

    Net capital spending is just money spent on fixed assets less money received from the sale of fixed assets.

    净营资本的变化change in NWC = ending NWC - beginning NWC(nwc = current assets - current liabilities)

    3.cash flow to creditors (bondholders)流向债权人的现金流

    cash flow to creditors = interest paid(给) - net new borrowing(收)

    4.cash flow to stockholders (owners)流向股东的现金流

    cash flow to stockholders = dividends paid(给) - net new equity raised(收)

  • 相关阅读:
    新mac本安装Homebrew姿势(大前提:需要FQ)
    git 常用命令
    elementUI 函数自定义传参
    微信小程序避坑指南——echarts层级太高/层级遮挡
    前端向后端传递formData类型的二进制文件
    elemetnUI表格分别给列表每一个按钮加loading
    前端获取cookie,并解析cookie成JSON对象
    elementUI 输入框用户名和密码取消自动填充
    AOP面向切面编程
    关于ArrayList、HashSet、HashMap在并发下不安全的实例以及解决办法
  • 原文地址:https://www.cnblogs.com/allenpengyu/p/3599272.html
Copyright © 2011-2022 走看看