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1 energy return ratio
Англо-русский словарь промышленной и научной лексики > energy return ratio
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2 ratio de giro sobre el capital neto
• return on investment• return on net worth• return on purchaseDiccionario Técnico Español-Inglés > ratio de giro sobre el capital neto
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3 return on equity
Finthe ratio of a company’s net income as a percentage of shareholders’ funds.Abbr. ROEEXAMPLEReturn on equity is easy to calculate and is applicable to a majority of industries. It is probably the most widely used measure of how well a company is performing for its shareholders.It is calculated by dividing the net income shown on the income statement (usually of the past year) by shareholders’ equity, which appears on the balance sheet:Net income/ owners’ equity × 100% = return on equityFor example, if net income is $450 and equity is $2,500, then:450/ 2,500 = 0.18 × 100% = 18% return on equityReturn on equity for most companies should be in double figures; investors often look for 15% or higher, while a return of 20% or more is considered excellent. Seasoned investors also review five-year average ROE, to gauge consistency. -
4 return on sales
Fina company’s operating profit or loss as a percentage of total sales for a given period, typically a year.Abbr. ROSEXAMPLEReturn on sales shows how efficiently management uses the sales income, thus reflecting its ability to manage costs and overhead and operate efficiently. It also indicates a firm’s ability to withstand adverse conditions such as falling prices, rising costs, or declining sales. The higher the figure, the better a company is able to endure price wars and falling prices. It is calculated using the basic formula:Operating profit / total sales × 100 = Percentage return on salesSo, if a company earns $30 on sales of $400, its return on sales is:30 / 400 = 0.075 × 100 = 7.5%Some calculations use operating profit before subtracting interest and taxes; others use after-tax income. Either figure is acceptable as long as ROS comparisons are consistent. Using income before interest and taxes will produce a higher ratio.Return on sales has its limits, since it sheds no light on the overall cost of sales or the four factors that contribute to it: materials, labor, production overheads, and administrative and selling overheads. -
5 return on investment
Fina ratio of the profit made in a financial year as a percentage of an investmentAbbr. ROIEXAMPLEThe most basic expression of ROI can be found by dividing a company’s net profit (also called net earnings) by the total investment (total debt plus total equity), then multiplying by 100 to arrive at a percentage:Net profit/Total investment × 100 = ROIIf, say, net profit is $30 and total investment is $250, the ROI is:30/250 = 0.12 × 100 = 12%A more complex variation of ROI is an equation known as the Du Pont formula:(Net profit after taxes/ Total assets) = (Net profit after taxes/ Sales) × Sales/Total assetsIf, for example, net profit after taxes is $30, total assets are $250, and sales are $500, then:30/ 250 = 30/ 500 × 500/250 =12% = 6% × 2 = 12%Champions of this formula, which was developed by the Du Pont Company in the 1920s, say that it helps reveal how a company has both deployed its assets and controlled its costs, and how it can achieve the same percentage return in different ways.For shareholders, the variation of the basic ROI formula used by investors is:Net income + (current value – original value) /original value × 100 = ROIIf, for example, somebody invests $5,000 in a company and a year later has earned $100 in dividends, while the value of the shares is $5,200, the return on investment would be:100 + (5,200 – 5,000)/ 5,000 × 100 (100 + 200)/ 5,000 × 100 = 300/ 5,000 = 0.06 × 100 = 6% ROIIt is vital to understand exactly what a return on investment measures, for example assets, equity, or sales. Without this understanding, comparisons may be misleading. It is also important to establish whether the net profit figure used is before or after provision for taxes. -
6 return on capital employed
Finan indication of the productivity of capital employed.The denominator is normally calculated as the average of the capital employed at the beginning and end of year. Problems of seasonality, new capital introduced, or other factors may necessitate taking the average of a number of periods within the year. The ROCE is known as the primary ratio in a ratio pyramid.Abbr. ROCEThe ultimate business dictionary > return on capital employed
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7 return on assets
Fina measure of profitability calculated by expressing a company’s net income as a percentage of total assets.Abbr. ROAEXAMPLEBecause the ROA formula reflects total revenue, total cost, and assets deployed, the ratio itself reflects a management’s ability to generate income during the course of a given period, usually a year.To calculate ROA, net income is divided by total assets, then multiplied by 100 to express the figure as a percentage:Net income /total assets × 100 = ROAIf net income is $30, and total assets are $420, the ROA is:30 /420 = 0.0714 × 100 = 7.14%A variation of this formula can be used to calculate return on net assets (RONA):Net income /fixed assets + working capital = RONAAnd, on occasion, the formula will separate after-tax interest expense from net income:Net income + interest expense /total assets = ROAIt is therefore important to understand what each component of the formula actually represents.Some experts recommend using the net income value at the end of the given period, and the assets value from beginning of the period or an average value taken over the complete period, rather than an end-of-theperiod value; otherwise, the calculation will include assets that have accumulated during the year, which can be misleading. -
8 return on capital
Fina ratio of the profit made in a financial year as a percentage of the capital employed -
9 return on net assets
Fina ratio of the profit made in a financial year as a percentage of the assets of a company -
10 return on capital employed ratio
Accounting: ROCEУниверсальный русско-английский словарь > return on capital employed ratio
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11 return on equity ratio
Oil: ROEУниверсальный русско-английский словарь > return on equity ratio
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12 STAR-Ratio
STAR-Ratio f (Abk. für stable tail-adjusted return ratio) FIN, STAT stable tail-adjusted return ratio, star ratio, STARR (gewichtet die voraussichtliche Rendite mit dem ‘Expected Tail Loss’, neueres Risikomesskonzept auf Basis der fraktalen Mathematik = fractional mathematics; cf expected tail loss) -
13 risk-adjusted return on capital
Finreturn on capital calculated in a way that takes into account the risks associated with income.EXAMPLEBeing able to compare a high-risk, potentially high-return investment with a low-risk, lower-return investment helps answer a key question that confronts every investor: is it worth the risk?There are several ways to calculate riskadjusted return. Each has its strengths and shortcomings. All require particular data, such as an investment’s rate of return, the risk-free return rate for a given period, and a market’s performance and its standard deviation.The choice of calculation depends on an investor’s focus: whether it is on upside gains or downside losses.Perhaps the most widely used is the Sharpe ratio. This measures the potential impact of return volatility on expected return and the amount of return earned per unit of risk. The higher a fund’s Sharpe ratio, the better its historical risk-adjusted performance, and the higher the number the greater the return per unit of risk. The formula is:(Portfolio return – Risk-free return)/Std deviation of portfolio return = Sharpe ratioTake, for example, two investments, one returning 54%, the other 26%. At first glance, the higher figure clearly looks like the better choice, but because of its high volatility it has a Sharpe ratio of 0.279, while the investment with a lower return has a ratio of 0.910. On a risk-adjusted basis the latter would be the wiser choice.The Treynor ratio also measures the excess of return per unit of risk. Its formula is:(Portfolio return – Risk-free return)/ Portfolio’s beta = Treynor ratioIn this formula (and others that follow), beta is a separately calculated figure that describes the tendency of an investment to respond to marketplace swings. The higher beta the greater the volatility, and vice versa.A third formula, Jensen’s measure, is often used to rate a money manager’s performance against a market index, and whether or not a investment’s risk was worth its reward. The formula is:(Portfolio return – Risk-free return) – Portfolio beta × (Benchmark return – Riskfree return) = Jensen’s measureThe ultimate business dictionary > risk-adjusted return on capital
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14 Sharpe-Ratio
Sharpe-Ratio f FIN, WIWI Sharpe ratio, reward-to-variability ratio, reward-to-volatility ratio, Sharpe ratio (risikobereinigte relative Performancekennzahl: die über die sichere Anlage (risikoloser Zins = risk-free interest) hinausgehende Rendite (Überrendite = excess return) dividiert durch die Volatilität der erwirtschafteten Portefeuillerendite, excess return on a portfolio for taking on risk, divided by its volatility; risk-free interest = risikoloser Zins) -
15 Sharpe Ratio
f <Finanz, Vw> Sharpe ratio, reward-to-variability ratio, reward-to-volatility ratio, Sharpe ratio (risikobereinigte relative Performancekennzahl: die über die sichere Anlage (risikoloser Zins) hinausgehende Rendite (Überrendite = excess return) dividiert durch die Volatilität der erwirtschafteten Portefeuillerendite, excess return on a portfolio for taking on risk, divided by its volatility) -
16 efficiency ratio
Fina way of measuring the proportion of operating revenues or fee income spent on overhead expenses.EXAMPLEOften identified with banking and financial sectors, the efficiency ratio indicates a management’s ability to keep overhead costs low. In banking, an acceptable efficiency ratio was once in the low 60s. Now the goal is 50, while better-performing banks boast ratios in the mid 40s. Low ratings usually indicate a higher return on equity and earnings.This measurement is also used by mature industries, such as steel manufacture, chemicals, or car production, that must focus on tight cost controls to boost profitability because growth prospects are modest.The efficiency ratio is defined as operating overhead expenses divided by turnover. If operating expenses are $100,000, and turnover is $230,000, then:100,000/230,000 = 0.43 efficiency ratioHowever, not everyone calculates the ratio in the same way. Some institutions include all non-interest expenses, while others exclude certain charges and intangible asset amortization.A different method measures efficiency simply by tracking three other measures: accounts payable to sales, days sales outstanding, and stock turnover. This indicates how fast a company is able to move its merchandise. A general guide is that if the first two of these measures are low and third is high, efficiency is probably high; the reverse is likewise true.To find the stock turnover ratio, divide total sales by total stock. If net sales are $300,000, and stock is $140,000, then:300,000/140,000 = 2.14 stock turnover ratioTo find the accounts payable to sales ratio, divide a company’s accounts payable by its annual net sales. A high ratio suggests that a company is using its suppliers’ funds as a source of cheap financing because it is not operating efficiently enough to generate its own funds. If accounts payable are $50,000, and total sales are $300,000, then:50,000/300,000 = 0.14 × 100 = 14% accounts payable to sales ratio -
17 rate of return
Finan accounting ratio of the income from an investment to the amount of the investment, used to measure financial performance.EXAMPLEThere is a basic formula that will serve most needs, at least initially:[(Current value of amount invested – Original value of amount invested) / Original value of amount invested] × 100% = rate of returnIf $1,000 in capital is invested in stock, and one year later the investment yields $1,100, the rate of return of the investment is calculated like this:[(1100 – 1000) / 1000] × 100% = 100 / 1000 × 100% = 10% rate of returnNow, assume $1,000 is invested again. One year later, the investment grows to $2,000 in value, but after another year the value of the investment falls to $1,200. The rate of return after the first year is:[(2000 – 1000) / 1000] × 100% = 100%The rate of return after the second year is:[(1200 – 2000) / 2000] × 100% = – 40%The average annual return for the two years (also known as average annual arithmetic return) can be calculated using this formula:(Rate of return for Year 1 + Rate of return for Year 2) /2 = average annual returnAccordingly:(100% + – 40%) /2 = 30%The average annual rate of return is a percentage, but one that is accurate over only a short period, so this method should be used accordingly.The geometric or compound rate of return is a better yardstick for measuring investments over the long term, and takes into account the effects of compounding. This formula is more complex and technical.The real rate of return is the annual return realized on an investment, adjusted for changes in the price due to inflation. If 10% is earned on an investment but inflation is 2%, then the real rate of return is actually 8%. -
18 accounting rate of return
Finthe ratio of profit before interest and taxation to the percentage of capital employed at the end of a period. Variations include using profit after interest and taxation, equity capital employed, and average capital for the period.The ultimate business dictionary > accounting rate of return
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19 коэффициент окупаемости
коэффициент окупаемости
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[А.С.Гольдберг. Англо-русский энергетический словарь. 2006 г.]Тематики
EN
Русско-английский словарь нормативно-технической терминологии > коэффициент окупаемости
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20 коэффициент окупаемости
1) Economy: return ratio2) Advertising: return rate (капиталовложений)3) EBRD: rate of return, rate of return on capitalУниверсальный русско-английский словарь > коэффициент окупаемости
См. также в других словарях:
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Return on Average Capital Employed - ROACE — A financial ratio that shows profitability compared to investments made in new capital. Return on average capital employed is calculated as: EBIT Average Total Assets Average Current Liabilities Total Assets Current Liabilities = Capital Employed … Investment dictionary
return on capital employed — ( ROCE) Indicator of profitability of the firm s capital investments . Determined by dividing Earnings Before Interest and Taxes by (capital employed plus short term loans minus intangible assets). The idea is that this ratio should at least be… … Financial and business terms
