Factor refu borrowings: kuti yokuita kukarukureta uye zvinhu

Company kana sangano rine imwe pfuma. Kutenga nayo, zvinoda mari. Vanogona kuva yako vanoenda rakumbirwa. mabhuku ose mari zvinoratidzwa mune pusa chimiro nhamba 1 "Balance". The guru Urongwa zvavakanga vachida kuita zvinoda kuramba zvichiongororwa.

Nhamba zvinhu munataisireva kuti kuchengetedzwa mune imwe maererano. Kuongororwa mamiriro rinojekesa neizvo marudzi guta inoumbwa ose yekambani pfuma. Kana munataisireva zvavo hazvina kukwana, kambani inozivikanwa se mari unsustainable. Kudzidza kungoonekwa kwenguva yevanhu nokukwereta. Inopa mashoko pamusoro mamiriro mari. Naizvozvo, nzira iyi vanofanira kuziva muongorori ose. Pairi huchakurukurwa.

General unhu

Kunyatso nzisisa chii kwenguva zvazvingava kukwezva vakakwereta mari, unofanira kunzwisisa mashoko. Munataisireva ine pachavo uye rakumbirwa mari. Receivable nyaya, akavapindurawo, zvinogona kuva kwenguva refu uye pfupi. Ichangobva shanduro zvebhizimisi mari vanomutswa kwenguva dzinenge imwe operative kumwedzi.

Long-izwi munataisireva - kuzvipira kuti ari zvebhizimisi uye kukura pamusoro 1 gore. Nepakati uku jira chinhu chinosanganisira payables (kwenguva refu) chikwereti, zvisungo, risi kwemitoro pamusoro mudyandigere accruals.

Izvi zvinoreva kambani akakwereta kumabhanga kana nemamwe masangano. Uye kushandisa vanoita 'mari, zvinonzwisisika, kwete chisingapembedzwi. Munguva vakabvumirana nguva boka anofanira kuripa akakweretesa zvizere chitsama chikwereti ndinoiitawo mubereko. Saka, mabhuku aya mari anonzi shoma.

mamiriro

zvakanaka kuverenga nhamba refu borrowings pakuenzanisa jira, zvinofanira kunzwisiswa kuva pfungwa pamusoro zvinoumba ichi mari kupi. Zvikurukuru izvi zvinosanganisira zvikwereti-refu. Part investor nzira, iyo achaiswa zvakazara rwakabhadharwa kuna pakuguma chikumbiro rinoreva pfupi-rokuti munataisireva.

Kunosanganisirawo zvisungo. Chikwereti kuchengetedzeka nekanzuru sangano kuitira kukwezva zvinyorwa zvitsva zvemari.

The zvikwereti refu zvinosanganisira leases. Asi ichi ichokwadi chete kana voitakura kunze kwenguva refu. In pokuongorora mamiriro inosanganisirawo reserves uye mari. kuzvipira ichi, izvo zvinosikwa kubva mubereko pamberi mutero. Vanotarisira akaita zvikwereti. boka yavo mari mune ramangwana muchimiro pensions, deposits vashandi, mudonzvo bonuses uye zvichingodaro. D.

Features udo

Factor refu nokukwereta, inova mwero wakaisirwa mhando basa sangano, achidzikisa zvemari kutsiga chekambani. The zvakawanda sangano iri pakutsvaga chikwereti, zvikuru mukana asiri mutsividzo mari kune makambani.

To mubereko kuti chikwereti, kambani inofanira vachivavimbisa akanaka Pakuurayiwa kutengeserana. Sangano kuti uchigere kare vakakwereta guru, anokwezva kune makambani. Pashure chinokosha yakawanda noumhizha guru runovimbisa kudzoka mari yavo nguva, uyewo mubhadharo muchimiro mubereko.

Kana maumbirwo nepakati jira munataisireva zvakawedzera nhamba akabhadhara manyuko mari, ngozi nokuti makambani haisi kudzoka mari mukati yakati nguva chesungano. Havadi kuti vanopedzisira neboka rakadai mari dzavo. Kuti kutifadza navo, muperekedzi inopa navo yepamusoro muripo kushandisa vakakwereta guru. Panyaya iyi, shoma kubatsirwa mune zvemari kuti zvavakanga vachida kuita. Naizvozvo, kuti kuenzana reshiyo kunooneka mune pusa, hazvo nevanhu vaongorori.

Kudiwa mari nokuda kwenguva

By kudzidza reshiyo refu nokukwereta, unofanira kunzwisisa kukosha kwavo sangano wekambani. Kana kushandisa chete yavo (vakasununguka) manyuko mari kutsiga kambani rinorondedzerwa so soro. With veMubatanidzwa chikwereti (muripo) muguta guru urongwa pakuenzanisa indekisi ichi rinotanga kutapudzwa.

Asi musafunga kuti kambani, iyo inoshanda chete zvakarurama, zvikuru kubudirira. An chokukomborerwa mari migumisiro ipi chekambani mambure purofiti anomira pamusika upfumi. Iyewo, rinokanganisa profitability. Ane musoro muripo-kukwezva pfuma mambure purofiti aigona kumuka yekudyidzana. With zvishoma kudzikisa mari kutsiga kukura profitability okuwana chiratidzo zvakakodzera sangano basa sangano. Naizvozvo, makambani vanotsvaka kurera refu akabhadhara zvinyorwa.

kukarukureta fomura

Kuongorora rakarurama sangano mamiriro pachiyero chinhu chinoshandiswa-refu nokukwereta. The yemaitiro wayo kukarukureta kunotibvumira kunzwisisa chikamu kugadzirwa mabasa zvinopa kwenguva refu mari zvinyorwa. Chii rech7 Sezvo chikamu chino pfuma wekambani mari kubva yayo zvinyorwa, kuti nzira reshiyo refu guta rinoti vachatarira seizvi:

- Kdps = DP (DP + IC), apo DP - refu-refu munataisireva, SC - pachake zvinyorwa zvemari.

mutoo uyu hazvirevi kufunga zvikwereti pfupi yenguva. Izvi zvinoita kuti vaongorore guru mamiriro nemaonero-refu kuenzana uye chikwereti mari Inopa.

Kukarukureta pachiyero

chimiro izvi nhamba 1, mashoko emari hazvo kushandiswa kana uchida kuverenga nhamba refu borrowings. Article pasi nhamba 1400 nechiyero papepa inoratidza uwandu refu munataisireva panguva musi kunyoresa. Zvinonzi kufungwa iri Masvomhu. Nyaya inoratidza nhamba 1300 shareholders 'zvakarurama. Saka, mashoko aya uyewo kufungwa nevanhu vaongorori.

Kufungisisa pakuenzanisa data, iyo nzira reshiyo refu nokukwereta vachatarira seizvi:

- Kdps = c. 1400: (.. 1400 + 1300).

kukarukureta ichi chinoshanda kune makambani idzo Verengai zvose zvikwereti-yakareba kwakakwirira zvikuru kupfuura dzimwe munataisireva ane kukura zvikuru operative kumwedzi. Asi kana kukosha yokupedzisira iri guru, dzemaitirwe pane nyaya 1400 nani kutora nyaya 1410.

Specification

boka rimwe nerimwe rinoongorora reshiyo refu borrowings. The Specification of chinoratidza kunobva bhizimisi iri anoshanda kambani. njanji Its pamusoro nguva. Kukura mwero tichienzanisa yapfuura nguva apo yokuderedza kushanda varikumahombekombe inoratidza inexpedient yakawedzera kuita maumbirwo refu borrowings.

Saka, mashoko mutengo hauna kuisa pamusoro reshiyo ichi. Yaipedzerwa munataisireva (pfupi uye refu) hazvifaniri kupfuudza 50% pachiyero pepa mamiriro.

Application zvabuda

Information inopiwa nokuda kuongorora nzira inoshandiswa mubasa dzavo vaongorori, chekambani utariri, uyewo makambani. Factor refu nokukwereta inoratidza sei zvinoenderana chinhu pakutsvakurudza pamusoro chikwereti guru. Kuwedzera simba rayo riri kunaka chiratidzo.

Zvisinei, kuti aite zvizere kunyatsoongorora wekambani anofanira kushandisa migumisiro ongororo iyi pachiimbwa zviratidzi mari pakusimba, profitability ratios uye zvemari zvireruke. Zvinobatsira kutarisa mufananidzo yose zvakaoma. Hazvina nguva dzose ari kukura mwero-refu kunobatanidza akabhadhara manyuko mari ndiwo akaipa chinhu. Kana sangano rinoshandisa pakuvhiya ayo mamwe guru kubva makambani, izvozvo anorasikirwa zvinobatsira ayo.

solvency

Kudzidza mwero kwenguva refu nokukwereta, mureza ukoshi chinosimbiswa nokuenzanisa chinhu kutsvakurudza nemamwe makambani ari zvekutepfenyura. Asi munyika yanhasi, nzira iyi kuwedzera kushandiswa. Unogona enzanisa sangano mari manyuko akaitwa pasi pose.

In vatorwa tsika kushandisa Financial Accounting anoonekwa nokukwereta somunhu seti refu uye zvenguva pfupi upfumi. Kuti zvive nyore kuenzanisa makambani munyika dzakasiyana kuongorora nengaidzo jira mamiriro akashandisa chokukomborerwa EBITDA. Izvi mugumisiro zvemari wekambani pamberi kwemitero, depreciation uye kufarira. Kunoitawo kuti dzinoona solvency yacho sangano.

Maonero refu munataisireva

Change mwero refu borrowings, kuti muongorori ane kuongorora sangano uye zvimwe zviratidzo nepakati jira munataisireva chivako. Nokuti guta rino nemamwe ari tichienzanisa chinoratidza EBITDA. Panguva iyoyowo kufungawo uye zvenguva pfupi kwezvikwereti. Huwandu yose chikwereti yakakamurwa EBITDA.

Munyika tsika akagamuchira mwero chakarurama ichi - 3. Kana mugumisiro mukuru 4-5, unofanira kuderedza uwandu chikwereti. Zvikasadaro, makambani ane nezvinetso nenguva kwokuripirwa mubereko uye chikwereti uwandu. Muchiitiko chino, rikawira pasi mubhizimisi Kukwezva pakati ari kuongororwa makambani.

Maonero refu munataisireva ndiro danho rinokosha mari kuongorora zvavakanga vachida kuita. Optimization pachiyero jira mamiriro unokubvumira kuronga zvinhu sezvo zvakanyanya sezvo zvichiita uye kuwana soro nhamba mambure purofiti. Naizvozvo akauya hapana chinhu chinoramba pasina pfungwa vaongorori uye munyaya emuchina, akabatana zvimwe zviratidzo.