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Ho na le e se e ngata ngotsoeng ka ho ithuta Financial Modeling le boholo ba bona ba ba e tsoanang hantle. Ena poso o tsoela a fetang e tloaelehileng gibberish le hlahloba sebetsang Financial Modeling e le sebelisoa ke Investment Bankers le Research Analysts. Ena Free Online Financial Modeling Thupelo Course, Ke tla nka ka mohlala oa Colgate Palmolive le tla lokisa e tletseng kopantsweng ditjhelete ea mohlala go tswa kwa tshimologong.
Ena Financial Modeling Tutorial tataiso okametseng 6000 mantsoe 'me le ile a nkisa 3 libeke tse ho tlatsa. Pholosa ena leqepheng la nakong e tlang ya referense le se ke ua lebala ho e abela
Download feletseng o kopantswe Colgate Financial Model (a rarolla le rarollehe le dithempleite) ho tloha mona ka tlase
Ke entse e bonolo ho e tsamaea lenaneo la dikagare hore u.
- Se Financial Modeling?
- Joang ho haha a lichelete ea mohlala?
- #1 – Colgate oa Financial Model – Histori
- # 2 – Karo-karolelano Analysis ea Colgate Palmolive
- #3 – Projecting ea Moputso Setatemente
- #4- Sebetsa Capital Shejulu ya
- #5 – Depreciation Shejulu ya
- #6 – Amortization Shejulu ya
- #7 – Tse ling tse Long Nako Shejulu ya
- #8 – Ho qeta Moputso Setatemente
- #9 – Shareholder: oa Equity Shejulu ya
- #10 – O bolella Ikhethang Shejulu ya
- #11 – Ho qeta Cash Flow Lipolelo
- #12- Molato le Interest Shejulu ya Recommended
- Ditjhelete Modeling Thupelo Courses
- Free Financial mehlala
Se Financial Modeling?
Wikipedia e hlalosa “Ditjhelete Modeling” ka mokoa o latelang –
Ditjhelete mmotlolo ke mosebetsi oa ho ho haha ka maitlhomo a boemedi (le mohlala) ea ea sebele lefatše lichelete. Sena ke ya mmetse ea mohlala etselitsoe ho emela (e nolofalitsoeng phetolelo ea) ea a tshebetso ya ditjhelete letlotlo le kapa potefolio ya ya kgwebo, morero, kapa leha e le efe dipeeletso. Ditjhelete mmotlolo ke le akaretsang le bolela lintho tse fapaneng pakeng tse fapa-fapaneng basebedisi ba; ya referense hangata o re e ka ba ho boikarabello ho le tsa kgwebo ditjhelete dikopo, kapa ho quantitative ditjhelete dikopo.
Ka mantsoe a bonolo, ditjhelete mmotlolo bolela forecasting bokamoso ba khampani kapa ea letlotlo le ka tsela ea e ipabola Model ke hore ho le bonolo ho utloisisa le ho phetha boemo bo hlalositsoeng Analysis. Mo bokaong ea puisano ea rona mona, re tla tšohla Financial Modeling mabapi le ho se bonelang ka bokamoso financials ya khampani e. Ena mahala ditjhelete mmotlolo thupelo nete hore tla u thusa Forecast le dikanego tsa matlotlo ya khampani e ke hore. Chelete Setatemente, Ho leka-lekana Sheet le Cash phallang. The dinh ea mohlala o boetse o tsejoa e le e Integrated ditjhelete Model.
Joang ho haha a lichelete ea mohlala?
Hona joale hore re tseba seo Financial Modeling ke, a re ke re sheba ke kamoo ditjhelete ea mohlala e haha ho tloha scrath. Ena e qaqileng mahala ditjhelete mmotlolo thupelo nete hore tla u fa kgato ka kgato tataiso ho bopa a lichelete ea mohlala.
Ka sehloohong atamela nkile mona ke Modular. Modular atamela hantle bolela hore re haha konokono lipolelo joaloka Moputso Setatemente, Ho leka-lekana Sheet le Cash phallang sebelisa fapaneng dimmojule / manaane a. Le senotlolo bua haholo hore re lokise mong le e mong polelo kgato ka kgato le amahanya tsohle tšehetsa manaane a ka ho teba lipolelo ka go fetsa. Ke utloisisa hore sena se ke ke e hlakileng joaloka ea hona joale, leha ho le joalo, u tla hlokomela hore sena ke bonolo haholo ho ha re ntse re susumelletsa pele.
U ka bona mona ka tlase tse fapa-fapaneng Financial Modeling Shejulu ya / Dimmojule -
Ka kōpo hlokomela latelang -
- Ea mantlha e lipolelo ke Moputso Setatemente, Ho leka-lekana Sheet le Cash phallang.
- A tlatsetso manaane a ke depreciation kemiso, ho sebetsa motse-moholo kemiso, intangibles kemiso, shareholder: oa tekatekano kemiso, tse ling tse e telele e tlang dintho tse kemiso, molato kemiso jj.
- A tlatsetso manaane a ba amahanngoa ka ho teba lipolelo holim 'a wetse
- Re tla haha kgato ka kgato o kopantswe ditjhelete mohlala wa Colgate Palmolive go tswa kwa tshimologong.
#1 – Colgate oa Financial Model – Historicals
Mohato 1a – Download Colgate oa 10K Reports
“Ditjhelete mehlala itokiselitse a ipabola 'me ba pele mehato e qala ka ho tseba kamoo lefapha e se e etsa nakong e fetileng lilemo tse. Ho utloisisa nakong e fetileng ka fana ka re tsa bohlokoa ka leseli le amanang le bokamoso ba khampani. Ka lebaka leo, bohato ba pele ba ke download tsohle financials ya khampani e le tlatse tshwanang ka e dinh lakane. Bakeng sa Colgate Palmolive, o ka thowuni ea selemo le selemo litlaleho tsa Colgate Palmolive a bona a ho Motsetedi mabapi Karolo ya.
Hang ha o tobetsa “Selemo le selemo tlaleho”, u tla fumana ka fensetere e le bontšitsoeng tlaase mona -
Mohato 1b – Bōpa Historical ditjhelete Worksheet
- Haeba u thowuni 10K ea 2013, u tla hlokomela hore lilemo tse peli feela tsa ditjhelete lipolelo ya data e fumaneha. Leha ho le joalo, ka morero oa ho Financial Modeling, ea kgothaletswa sete ea datha ke ho ho qetela 5 lilemo tse dikanego tsa matlotlo. Ka kōpo thowuni ho qetela 3 lilemo tse tsa selemo le selemo tlaleho le ho tlatse ea histori e.
- Batho ba bangata ho linako tse ling, ena mesebetsi bonahala le eena o bora le tedious ha e ntse e ka nka ngata nako le matla a ho Format eaba o kenya dinh ka a lakatsa sebopeho.
- Leha ho le joalo, lokela ke ua lebala hore sena ke mosebetsi oo o ho hlokahala ho etsa hang feela bakeng sa mong le e mong khampani le, populating ea historicals thusang e setsebi ba utloisise mekhoa le diphetogo tse di ba ile ba a le dikanego tsa matlotlo.
- E le ka kōpo u se ke ua tlōla-tlōla ena, download data le tlatse ya data (esita le haeba u nahana hore sena ke esele mosebetsi oa )
Haeba u lakatsa ho tlōla-tlōla mohato ona, o ka ka ho toba thowuni Colgate Palmolive Historical Model mona.
Colgate Moputso Setatemente le histori asezare populata
Colgate Balance Sheet Historical Data
# 2 – Karo-karolelano Analysis ea Colgate Palmolive
E ka sehloohong ho ithuta Financial Modeling ke ho ba khona ho etsa motheo Analysis. Haeba motheo Analysis kapa Ratio Analysis ke ntho e ncha ho u, Ke khothalletsa hore u bala a batla a mo inthaneteng. Ke rera ho ho etsa indepth karo-karolelano Analysis ka e nngwe ya ka e tlang posts by, leha ho le joalo, mona ke ka potlako paloma ea Colgate Palmolive go rutwa dikabo
Mohato 2A – Lathe Analysis ea Colgate
Ka chelete polelo, lathe Analysis ke o akaretsang sediriswa sa lekanya ka e matla a amana le tshebetso selemo le selemo go ya ka ditlhwatlhwa le ho etsa dipoelo. E lokela kamehla ho akarelletsoa e le karolo ea lichelete e Analysis. Mona, diphesente ba computed kamanong le letlooa manager tse nkoa e le 100%. Ena lathe Analysis boiteko bo matla ka chelete polelo e atisa ho bitsoa ka thoko ho leqephe Analysis, kaha e e fana tse fapaneng margins kamanong le manager.
Lathe Analysis Results
- Feteletseng phaello ea Margin e eketsehile ka 240 motheo oa lintlha tse 56.2% a 2007 ho 58.6% a 2013. Sena ke haholo-holo ka lebaka la fokotseha litšenyehelo tsa ho Sales
- Tshebetso ya ho sebetsa phaello ea kapa EBIT o boetse o bontšoa ba ntlafala margins ka tsela eo, eketseha ho tloha 19.7% a 2007 ho 22.4% a 2012 (e le koketsego ya 70 motheo oa lintlha tse). Ena e ne e ka lebaka la fokotseha ho rekisa kakaretso le boleng jwa tsamaiso kwa. Leha ho le joalo, hlokomela hore EBIT margins fokotswa a 2013 ho 20.4% ka lebaka la ho eketsa “Lefella litsenyehelo tse ling”
- Letlooa phaello ea Margin eketseha ho tloha ho 12.6% a 2007 ho 14.5% a 2012. Leha ho le joalo, Letlooa phaello ea Margin a 2013 fokotseha ho 12.9%, haholo-holo ka lebaka la eketseha “lefella litsenyehelo tse ling”.
- Moputso Per kabelo o butle-butle eketseha ho tloha ho FY2007 ho fihlela FY2012. Leha ho le joalo, ho na le e ne e o fokolang ina ka EPS ea FY2013
- E boetse e, hlokomela hore Depreciation le Amortization e ka karohano le fono a fana ka Moputso Setatemente. E akarelletsa litšenyehelo tsa ho Sales
Mohato 2B – Horizontal Analysis ea Colgate
Horizontal Analysis ke mokhoa a sebelisa ho hlahloba mekhoa ka nako ka computing karolo eketsa kapa decreases amanang le ho e botlaaseng selemo. E e fana ka go katisediwa go pakeng tsa ho litlaleho balwa ka matsatsi a fapaneng sebelisa chelete le fapaneng rekile matla a. Le hantle, ga go sekaseka-index ea akhaonto le bapisa ho iphetola ha lintho tsena ha nako e ntse. Joalokaha eka ke ka lathe Analysis mokgwa wa, dintlha tse tla holim'a tse hlokang ho ho fuputswa le complemented le tse ling tsa lichelete Analysis mekhoa. E bua haholo ka ke ho batla matsoao a ya mathata a ka fumanoa sebelisa eketsehileng mekhoa.
A re ke re sheba Horizontal tshekatsheko ya Colgate
Horizontal Analysis Results
- Re bona hore Net Sales e eketsehile ka 2.0% a 2013.
- E boetse e hlokomela mokhoa a litšenyehelo tsa ho Sales, re bona e le hore ba ha ua e tšoanang lekana o na le Sales.
- Tse di bonwang ba fetisisa e nago le mohola ha re ntse re etsa ditjhelete mmotlolo
Mohato 2C – Tsa kontane Ratios ea Colgate
- Tsa kontane go rutwa dikabo lekanya ka kamano ea le ho feta metsi matlotlo a ya kgwebo (ba ka ho fetisisa habonolo e fetohang ho chelete) a ha jwale a melato.
Atileng ka ho fetisisa tsa kontane go rutwa dikabo ba:
Hona joale karo-karolelano
Acid e teko (kapa ka potlako letlotlo le) karo-karolelano
Chelete Ratios
- Madi aa Ratios joaloka Receivables madi aa, Inventory madi aa le Payables Turnover
Key Lintlha Tsa Sehlooho tsa kontane Ratios
- Hona joale Ratio ea Colgate o moholo ho 1.0 a lilemo tsohle tseo. Sena se bolela hore hona joale matlotlo a ba moholo ho feta hona joale melato 'me mohlomong Colgate o na le lekaneng tsa kontane
- Ka potlako Ratio ea Colgate o ka e fapaneng ya 0.6-0.7, sena se bolela hore Colgates Cash le Marketable balebedi ka lefa bakeng sa hoo e ka 70% ya ga jaanong ya melato. Ena o sheba joaloka le kahlolo e molemo boemo boo ho ho ba ka bakeng sa Colgate.
- Chelete Collection potoloho o fokotseha ho tloha 43 matsatsi a 2009 ho 39 matsatsi a 2013. Sena ke haholo-holo ka lebaka la go fokotsa a amogetsweng pokello nako.
Mohato 2D – Sebetsa Profitability Ratios ea Colgate
Le dipoelo go rutwa dikabo lekanya khampani matla a hore hlahisa moputso amanang le ho manager, matlotlo a le tekatekano
Key Lintlha-khōlō – Le dipoelo Ratios ea Colgate
- Ha re ntse re ka bona ka holimo tafoleng, Colgate o na le Roe ea haufi le 100%, e leng fana ka maikutlo a e khōlō a khutla a e Equity lipane.
Mohato 2E – Kotsi Analysis ea Colgate
Ka ho Kotsi Analysis, re leka ho gauge hore na ya khampani tla ba khona ho lefa eona nakwana le tsa lobaka nako obligtations (molato). Re a bale ka maatla a go rutwa dikabo hore focu ka khotsofala ya dithoto kapa molokong o mong ka ho tloha matlotlo a. Go rutwa dikabo tse a sheba ba
- Le molato ho Equity Ratio
- Molato karo-karolelano
- Thahasello Coverage Ratio
- Le molato ho Equity Ratio o butle-butle eketsehile ho boemong bo phahameng ea 2.23x. Ena bontša e ntse e eketseha Financial Leverage le likotsi tsa ho 'marakeng
- Leha ho le joalo, ea Interest Coverage Ratio e phahameng haholo bontšang tlase kotsi ya Interest Payment Default.
#3 – Modeling le Projecting ea Moputso Setatemente
Haholo kgato ya ntlha mo Moputso Setatemente ke ho Model ea Sales kapa Lekgetho dintho tse.
Mohato 3A – Lekgetho la Projections
Haholo bakeng sa lik'hamphani lekgetho la ba ea motheo mokhanni ya moruo tshebetso. Hantle etselitsoe le e kwagalago lekgetho ea mohlala ho bonahatsa ka tsela e nepahetseng ya ka mofuta le palo e kgolo ya lekgetho phallang ke ntho ea bohlokoa haholo. Ho na le ke tse litsela tse ngata hore meralo e lekgetho kemiso joalokaha ho e-ba dikgwebo. A tloaelehileng a mefuta e kenyeletsa:
- Manager Kgolo: Manager kgolo ho nkuwa nngwe le e nngwe nako e hlalosa phetogo go tswa e fetileng nako. Sena ke le bonolo le le sebediswang ka mehla mokgwa wa, empa e fana ha ho ka leseli le ka diteng kapa dipharologanyo ya kgolo.
- Inflationary le Buka ea / Remix liphello: Ho e-na e bonolo kgolo ho nkuwa, ka theko theko Ntlha e le ya modumo Ntlha e sebelisoa. Ena molemo atamela lumella mmotlolo wa e tsitsitseng le polygonal ditjeho tsa mekga sehlahiswa le di le nahanela theko vs. bophahamo ba modumo mekhatlo.
- Yuniti eno ya thuto Buka ea, Fetola Bukeng ea, Karolelano Price le Change a Price: Mokhoa ona ke e loketseng e dikgwebo e nang le bonolo sehlahiswa Remix; e lumella Analysis ea sekhahla sa tse 'maloa moodle dipharologano tsa dipalo.
- Dollar Market Size le Kgolo: Market Share le Change a Share - Useful bakeng sa maemong moo tlhahisoleseding e teng mo marakeng dipharologanyo le moo tsena diphopholetso ba ho ka etsahala hore ba motheo ya qeto. Ka Mohlala: Telecom lefapha
- Yuniti eno ya thuto Market Size le Kgolo: Sena ke ho feta qaqileng ho feta a tlang pele ho molatong le ka ke molemo ha o Pricing 'marakeng ka sehloohong polygonal. (Bakeng sa khampani ka theko-discounting leano, ka mohlala, kapa molemo ka ho fetisisa bakang Premium turu mere sebapali) e.g. Luxury koloi marakeng
- Bophahamo ba modumo ya bokgoni, Bokgoni tshebediso le Karolelano ea Price: Tsena diphopholetso e ka ba bohlokoa ho dikgwebo moo tlhahiso bokgoni ke ea bohlokoa ke qeto. (Ka reka e eketsehileng ea bokgoni, ka mohlala, kapa ho hore na hore na keketseho tla hloka ncha matsete a bolaodi.)
- Product Availability le Pricing
- Lekgetho le khannoang ke dipeeletso a motse-moholo, a dithekisetso kapa a R&D
- Lekgetho thehiloeng ho kentsweng botlaaseng (tsoela pele manager ya dikarolo, disposables, le tsebeletsong 'me eketsa-ons jj). Mehlala e kenyeletsa khale lehare-kagome dikgwebo le dikgwebo joaloka lik'homphieutha moo manager tsa tsebeletso, serweboleta le upgrades ke tsa bohlokoa. Modeling ea hlomamisa botlaaseng ea bohlokoa ke (ncha katoloso ea botlaaseng, attrition a botlaaseng, tsoela pele lekgetho la ka ho ya ka moreki jj).
- Employee thehiloeng: Ka mohlala, lekgetho la ea ke ditshebeletso difeme kapa manager e thehiloeng difeme tse kang ba ananyang. Mmotlolo lokela ho ameha ka letlooa eketsa basebetsi, lekgetho ka ho ya ka mosebeletsi (hangata thehiloeng ho billable lihora tse). More qaqileng mehlala tla akarelletsa seniority le dintlha tse dingwe amang ditheko.
- Store, setsing kapa Square footage thehiloeng: Retail lik'hamphani ba atisa ho bopile thehiloeng motheong oa mabenkeleng (li mabenkeleng garena ncha le mabenkele a mangata selemo le selemo) di tlhageletseng ka lotseno ka ho ya ka boloka.
- Lule ho 'ona-Ntlha e thehiloeng: Mokhoa ona ke o sebetsang ho Aerolíneas, hotel, lifilimi teng le tse ling tsa khoebo le tlaase ka thoko ho leqephe litšenyehelo.
Projecting Colgate chelete
A ke re ke re sheba Colgate 10K 2013 tlaleho. Re hlokomela hore ka chelete polelo, Colgate ha a fana segmental tlhahisoleseding, leha ho le joalo, e le ding tlhahisoleseding e eketsehileng, Colgate o fane ka ba bang ba dintlha tsa likarolo ka Page 87
Mohloli – Colgate 2013 – 10K, Leqepheng la 86
Ho tloha ka, re se na leha e le efe ka ho eketsehileng tlhahisoleseding e mabapi le likarolo, re tla Project nakong e tlang thekiso ea Colgate ka motheong oa ho fumaneha ya data. Re tla sebelisa manager kgolo atamela ka mose likarolo ho e fumanang ea weather forecasts.
Ka kōpo bona mona ka tlase setšoantšo. Re ba balwa selemo-e ka lilemo kelo ya kgolo ya nngwe le e nngwe karolo.
Hona joale re ka nahana e manager kgolo karolo thehiloeng ho ea histori e mekgwa le Project ea lekgetho la tlas'a mong le e mong karolo.
Kakaretso Net manager ke palo ya batho Molomo, Ea botho & Home Care le Pet Nutrition karolo.
Mohato 3B – Litšenyehelo Projections
- Peresente ya chelete: Bonolo empa e le e fana ha ho ka temohisiso e leha e le efe ka maatla a (moruo wa tekanyo kapa e tsitsitseng litšenyehelo moroalo
- Litšenyehelo tse ling ntle ho depreciation e le etsang liphesente tse lekgetho la le depreciation ho tloha e ka thoko kemiso: Mokhoa ona ke e hlile e le tlase bo amohelehang maemong a mangata, a tumello feela a leeme Analysis ya ho sebetsa ka maatla a.
- Polygonal litšenyehelo thehiloeng ho lekgetho kgotsa bolumu, e tsitsitseng litšenyehelo thehiloeng ho histori mekgwa le depreciation ho tloha e ka thoko kemiso: Mokhoa ona ke bonyane ba ho hlokahala hore nahanela tshekatsheko ya le dipoelo thehiloeng ho multiple length lekgetho ka maemo ana a
Litšenyehelo Projections bakeng sa Colgate
Bakeng sa projecting litšenyehelo, ea lathe Analysis etsoa pele ho moo ka ba hantle. A re ke re ba le relook ka lathe Analysis -
- Kaha re ba se a ntse a forecasted Sales, tsohle ditjeo tse ding ba ba bang ba margins ena Sales.
- E le tsela ke ho ka dikaelo tsa ho tloha ea histori e ditjeo le litsenyehelo margins 'me joale Forecast nakong e tlang ka thoko ho leqephe.
- Ka mohlala, Theko ea Sales 'nile ea e fapaneng ya 41%-42% tse fetileng tse 5 lilemo tse. Re ka sheba forecasting ka thoko ka lebaka la sena.
- Ka tsela e tsoanang, Rekisa, Kakaretso & Tsamaiso litšenyehelo ba 'nile ba histori, a e fapaneng ya 34%-36%. Re ka nahana nakong e tlang SG&A litsenyehelo ka thoko ho leqephe ka lebaka la sena. Ka tsela e tsoanang, re ka le tsoele pele ho bakeng sa tse ling sete ya litsenyehelo.
- Sebelisa ka holimo margins, re ka fumana ba nnete ba makgabane ka khutlela go balelela.
- Bakeng sa bala tokisetso ea ho lekhetho, re sebelisa atlehang Lekhetho Rate ho nkuwa
- E boetse e, hlokomela hore re u se ke ua tlatsa “Thahasello Litšenyehelo (Chelete)” mola ha re ntse re tla ba le relook e ea Moputso Setatemente ka hamorao sethala.
- Thahasello Litšenyehelo le Interest Moputso e koahetsoe a sekoloto Shejulu ya.
- Re ba se se se balwa Depreciation le Amortization e leng e se e akarelletsa litšenyehelo tsa ho Sales
Ena tlatsang e ea Moputso Setatemente (atleast bakeng sa nako e ho ba!)
#4- Sebetsa Capital Shejulu ya
Hona joale hore re ba qeta ho Moputso polelo, mohato o ena Financial Modeling thupelo nete hore ke ho sheba Ho sebetsa Capital Shejulu ya -
Mona ka tlase ba dikgato tse ke ho ho latelwa bakeng sa ho sebetsa Capital Shejulu ya
- Sebetsa Capital Overview
- Bōpa ho sebetsa motse-moholo line line dintho tse
- Referense ea histori e leka-lekanya
- A bale nakong e fetileng go rutwa dikabo amanang le ho sebetsa motse-moholo dintho tse
- Morero nakong e tlang ho sebetsa motse-moholo ka mola ka mong ntlha ya
- A bale projected chelete phallang generated tsoa ho sebetsa motse-moholo dintho tse
- Link e leka-lekaneng lakane & tsamao ya madi e polelo dipampiritiro
Mohato 4a – Hokahanya Net Sales le litšenyehelo tsa ho Sales
Mohato 4b – Referense ea Balance Sheet Data amanang le ho sebetsa motse-moholo
- Referense nakong e fetileng data ho tswa ho ba le botsitso lakane
- A bale letlooa sebetsa motse-moholo
- Fihla keketseho / e theohile ka ho sebetsa motse-moholo
- Hlokomela hore re ba sa akarelletsa pakeng e khutshwane molato le tshelete le chelete equivalents ka ho sebetsa motse-moholo. Re tla sebetsana ka sekoloto le chelete ka karohano le fono.
Mohato 4C – A bale Turnover Ratios
- A bale histori mwa dikabo le diphesente
- Sebelisa ya qetello kapa karolelano ho leka-lekana
- Bobeli ba e amohelehang ka nako e telele sebelisa mantsoe a tsoanang e a lula
Mohato 4d – Tlatse ea diphopholetso nakong e tlang ho sebetsa motse-moholo dintho tse
- Itseng dintho tse e se nang totobetse mokhanni atisa ho nahana ka kamehla bokae
- Etsa bonnete diphopholetso ba e utlwahalang le e tumellanong le kgwebo
Mohato 4E – Project nakong e tlang ho sebetsa motse-moholo leka-lekanya
Mohato 4F – A bale liphetoho Ho sebetsa Capital
- Fihla Cash phallang thehiloeng ho motho ka mong line line dintho tse
- Etsa bonnete lipontšo ba e nepahetseng!
Mohato 4G – Amahanya ka ba forecasted Ho sebetsa Capital ho ea Balance Sheet
Mohato 4H – Link Ho sebetsa Capital ho ea Cash Flow Setatemente
Palo e-up: Kopantsweng phalle ka bolokolohi Ho sebetsa Capital Items
#5 – Depreciation Shejulu ya
Le ho phethoa ha ho sebetsa motse-moholo kemiso, mohato o ena Financial Modeling Thupelo Course ke porojekeng motse-moholo ditshenyehelo ditlhokego tsa Colgate le Project ea Depreciation le Matlotlo lipalo.
E khutsoanyane Summary ea Mehato
- Bōpa e hlokehang line line dintho tse
- Referense letlooa manager e le mokhanni
- Kena nakong e fetileng motse-moholo ditshenyegelo
- Morero motse-moholo ditshenyegelo hakanngoa ka lebaka la ho in nako
- Ya referense nakong e fetileng maq & E leka-lekanya
- Depreciation Litšenyehelo
- Forecasted depreciation ho tloha le teng maq & Le
- Forecasted depreciation ho tloha ncha Capex
- A bale Total Depreciation Litšenyehelo
- Feletseng Net maq & E tafoleng
- A bale tshwanetseng go rutwa dikabo
- Nahana ka Capex le maq & E 'me le etse liphetoho (smoothen mothinya!) e le e hlokehang
- Amahanya ka latelang ea mohlala:
- Depreciation Litšenyehelo ho Moputso Setatemente
- Depreciation le Capex ho Cash Flow Setatemente
- Letlooa maq & E ho Leka-lekanya Sheet
Colgate 2013 – 10K, Leqepheng la 49
- Depreciation le Amortization e sa hatisoa ha e ka thoko line line ntlha ya, leha ho le joalo e akarelletsa litsenyehelo tsa ho ba manager
- Maemong a joalo, ka kōpo ba le look at the Cash phallo lipolelo moo o tla fumana Depreciation le Amortization Litšenyehelo
E boetse e hlokomela hore mona ka tlase lipalo ba 1) Depreciation 2) amortization. E le ke eng depreciation nomoro ya?
- Ho ipolaea Balance bakeng sa PPE = Ho qala ho leka-lekana + Capex - Depreciation - phetoho bakeng sa letlotlo Sales (Base abel)
Mohato 5A – Hokahanya Net Sales lipalo ka Depreciation Shejulu ya
- Beha a ea le mola dintho tse
- Ya referense Net Sales
- Ea maikutlo nakong e fetileng motse-moholo ditshenyegelo
- Fihla Capex e le % ea Net Sales
Mohato 5B – Forecast ea Capital ditshenyehelo Items
- E le hore a Forecast ea Captial ditshenyehelo, ho na le tse fapa-fapaneng a ntse a atamela. Le mong o tloaelehileng atamela ke ho sheba Press Releases, Taolo ya Projections, Taolo ya Discussion le Analysis karolo go utloisisa ya khampani maikutlo a ka nakong e tlang motse-moholo ditshenyehelo
- Fa khamphani o fane ka tataiso mabapi le nakong e tlang motse-moholo ditshenyehelo, ka nako eo re ka nka ba dinomoro ka ho toba.
- Leha ho le joalo, haeba capex dinomoro ha ba ka ho toba fumaneha, ka nako eo re ka a bale e crudely sebelisa Capex e le % ea Sales (e le etsoa mona ka tlase)
- Sebelisa kahlolo ea hao e thehiloeng ho lefapha tsebo le tse ling tse le kahlolo e molemo bakhanni ba
Mohato 5C- Ya referense Nakong e Fetileng Information
- Re tla sebelisa Ho ipolaea Balance bakeng sa PPE = Ho qala ho leka-lekana + Capex - Depreciation - phetoho bakeng sa letlotlo Sales (Base abel)
- Ho ke ke le thata haholo ho boelanye nakong e fetileng Property Plant le Helmets (PPE) ya data ka lebaka la restatements, letlotlo le manager jj
- E ka lebaka leo, kgothaletswa a se ke a boelanye nakong e fetileng PPE ha e ntse e ka etsang ho ba bang confusions.
Depreciation Policy ea Colgate
- Re hlokomela hore Colgate ha hlalosa ka ho hlaka a fana qaqileng arohana hore e Matlotlo. Ba ba ho e-na clubbed tsohle matlotlo a ka Land, Ho haha, Mechine le tse ling tse equipments
- E boetse e, molemo bophelo metshene le ditlhamo ho fanoa ho lethathama. Boemong bona, re tla ba le ho etsa ba bang ba guesswork tlang ho tla go ya ka palogare molemo bophelo tloha bakeng sa matlotlo a
- E boetse e, tlhahlo ya molemo bophelo e sa ho fanweng “Tse ling tse Equipments”. Re tla lokela ho hakanya ea molemo bang bophelo Equipments
Colgate 2013 – 10K, Leqepheng la 55
Mona ka tlase ke ho arohana hore e 2012 le 2013 Thepa, Ba lema 'me Helmets Details
Colgate 2013 – 10K, Leqepheng la 91
Mohato 5D – Hakanya ho arohana hore e Property Plant le Helmets (PPE)
- Pele fumana letlotlo bekha a Current PPE (2013)
- Re tla nahana hore tsena letlotlo le boima jwa 2013 PPE tla tsoela pele tla pele
- Re sebelisa letlotlo le boima bo ho a bale ho arohana hore e hakanngoa Capital ditshenyehelo
Mohato 5E – Hakanya ea Depreciation ea Matlotlo
- Ka kōpo hlokomela hore re u se ke ua a bale depreciation ea Land e le naha eo e e se depreciable letlotlo le
- Bakeng sa estimating depreciation ho tloha Building lintlafatso, re qala ho etsa ho sebedisa tshebediso ya mona ka tlase sebopeho.
- Depreciation mona e arotsoe likarolo tse peli – 1)depreciation ho tswa ho Building lintlafatso letlotlo se a ntse a tse thathamisitsoeng leqepheng ho ba le botsitso Sheet 2) depreciation ho tloha nakong e tlang Building lintlafatso
- Bakeng sa bala ea depreciation ho tloha ho haha lintlafatso ho tse thathamisitsoeng ka letlotlo le, re sebelisa a bonolo Straight Line Method ea depreciation
- Bakeng sa bala nakong e tlang depreciation, re qala ho transpose ea Capex sebelisa TRANSPOSE mosebetsi
- Re a bale depreciation ho tloha letlotlo le monehelo ho tloha selemo le selemo
- E boetse e, selemo sa pele depreciation e arotsoe ka 2 ha re ntse re nahana bohareng ba bo selemo kopano bakeng sa letlotlo le o dulang
Kakaretso Depreciation ea Building Ntlafatso ya = depreciation ho tswa ho Building lintlafatso letlotlo se a ntse a tse thathamisitsoeng leqepheng ho ba le botsitso Sheet + depreciation ho tloha nakong e tlang Building lintlafatso
Ka holimo tshebetso bakeng sa estimating depreciation e sebelisoa ho a bale depreciation ea 1) Manfacturing Helmets & Mechine le 2) tse ling tse Equipments e le bontšitsoeng tlaase mona.
Tse ling tse Equipments
Kakaretso Depreciation ea Colgate = Depreciation (Ho haha lintlafatso) + Depreciation (Mechine & Equipments) + Depreciation (tse ling tse equipments)
- Ha re se re ba fumane ka kakaretso ya depreciation lipalo, re ka etsa hore ka botlaaseng abel e le mo tlase
- Le sena, re fumana ho ipolaea Net maq&E lipalo nngwe le nngwe ka lilemo tse
Mohato 5F – Hokahanya Net maq&E ho ea Balance Sheet
Palo e-up: Kopantsweng phalle ka bolokolohi Depreciation Shejulu ya
#6 – Amortization Shejulu ya
Mohato o ena Free Financial Modeling Thupelo Course ke ho Forecast ea Amortization. Re na tse peli tse pharaletseng dihlopha ho nahana ka mona – 1) Kamohelo le 2) Tse ling tse Intangibles.
Mohato 6a – Forecasting Khahloang ke Bona
Colgate 2013 – 10K, Leqepheng la 61
- Kamohelo fihla ka ho ba le botsitso lakane ha khampani fumanang khamphani e nngwe. Ho ke ke ka tloaelo le thata haholo ho Project ea Khahloang ke Bona nakong e tlang lilemo tse.
- Kamohelo ea leha ho le joalo, ho ya kholofalo le liteko selemo le selemo e etsa ke khampani ka boeona e. Bahlahlobisisi ba ba ha ho boemong ba ho etsa le liteko tse joalo le lokisetsa dikakanyo tsa impairments
- Ka ho fetisisa setsebi oa u se ke ua Project kamohelo, ba feela 'ne sena e le kamehla' me sena se ke seo re se tla boela etsa ho rona ka sena.
Mohato 6B – Forecasting Other Intangible Matlotlo
- Joalokaha ho boletsoe Colgate oa 10K Report, boholo ba e lekanyelitsoeng bophelo intangible e tse amanang le ho Sanex fumana
- “Katoloso ea Intangibles "boetse ho na le le thata haholo ho Project
- Colgate oa 10K tlaleho re fa lintlha tse qaqileng tsa latelang 5 lilemo tse amortization litsenyehelo.
- Re tla sebelisa tsena likhakanyo rona Financial Model
Colgate 2013 – 10K, Leqepheng la 61
Mohato 6C – Ho ipolaea letlooa intangibles ba amana le “Tse ling tse Intangible Matlotlo”
Mohato 6D – kgokahanyo Depreciation le Amortization ho Cash Flow Lipolelo
Mohato 6E – Link Capex & Phaella ho Intangibles ho Cash phallo lipolelo
Palo e-up: Kopantsweng phalle ka bolokolohi Amortization Shejulu ya
#7 – Tse ling tse Long Nako Shejulu ya
Mohato o ena Financial Modeling Thupelo nete hore ke ho lokisa Other Long Nako Shejulu ya. Ena ke kemiso hore re lokisetsa “le letšehali overs” hore ha ba na itseng bakhanni ba bakeng sa bonelang.
Mehato ea ho Lokisang Long Nako Shejulu ya
- Bōpa e hlokehang line line dintho tse
- Referense histori leka-lekanya
- Forecast leka-lekanya ('ne kamehla haeba ho se itseng bakhanni ba e le hore ho ba le se nke lehlakore tšusumetso chelete phallang)
- A bale Cash phallang
- Amahanya ka le Balance Sheet le Cash Flow Setatemente
A tabeng ea Colgate, tse ling tse Long Nako Items (le letšehali overs) ba ne ba Deferred Moputso Lekhetho (melato le matlotlo a), Dithoto tse dingwe le tse ling tse melato.
Mohato 7A – Referense ea histori e data ho tswa ea Balance Sheet
E boetse e a bale liphetoho lintho tsena li.
Mohato 7b – Forcast ea Long Nako Matlotlo le boikarabelo
- Boloka Long Nako dintho tse kamehla bakeng sa projected lilemo tabeng ea ha ho bonahalang bakhanni ba
- Hokahanya forecasted e telele e tlang diaetheme ho Balance Sheet e le bontšitsoeng tlaase mona
Mohato 7C – Ya referense Other Long Nako Items ho ea Balance Sheet
Mohato 7D – Amahanya sa nako e telele diaetheme Cash Flow Setatemente
- Ka kōpo hlokomela hore haeba re bolokile sa nako e telele dithoto le dikoloto e le kamehla, joale e ntan'o ba fetola seo phalla ho tsamao ya madi e polelo ne e tla ba lefela.
Palo e-up: Kopantsweng phalle ka bolokolohi Other Long Nako Shejulu ya
#8 – Ho qeta Moputso Setatemente
- Pele re susumelletsa leha e le efe ka ho eketsehileng, re tla ha e le hantle khutlela morao ho ea relook ka Moputso Setatemente
- Tlatse ea histori e tsa motheo tsa weighted karolelano o bolella le diluted weighted karolelano ea palo ea o bolella
- Tsena lipalo ba teng ka Colgate oa 10K tlaleho
Mohato 8a – Referense o ka sehloohong le diluted o bolella
Mokgahlelong ona, nka hore nakong e tlang palo ya motheo le diluted o bolella tla lula e tšoanang ha ba ntse ba ba ne ba le 2013.
Mohato 8B – A bale Basic le Diluted moputso ka ho ya ka kabelo
Le sena, re loketse ho fallela ea rona e latelang kemiso ke hore. Shareholder: oa Equity Shejulu ya.
#9 – Shareholder: oa Equity Shejulu ya
Mohato o ena Financial Modeling Thupelo Course ke ho sheba Shareholder oa Equity Shejulu ya. The primary objective of this schedule is to project equity related items like Shareholder’s Equity, Dipoelo tse, Share thekollo, Kgetho Proceeds jj.
Tekatekano Shejulu ya Overview
- Beha a ea le mola dintho tse me ba fana malebela nakong e fetileng tlhahisoleseding
- Forecast latelang
- Share Repurchases
- Kgetho o tsoela pele & ncha o bolella ile a ntša bakeng sa a sebelisa dikgetho
- Dipoelo tse
- A bale ho ipolaea Equity leka-lekanya
- Link up the Ending balances to Ho leka-lekana Sheet
- Referense ea thekollo, dikgetho le dipoelo tse ho Chelete Flow Setatemente
Hloma nakong e fetileng tshedimoso ka ge e bontšitsoeng tlaase mona. Ea histori e lipalo ba ho le thata ho boelanye 'me ka hona, ba 'nile ba shaded ka mmala o mothokwa.
Colgate oa 10K tlaleho e fana ka ka tse dintlha a tloaelehileng a ya setoko le matlotlo Stock mesebetsi nakong e fetileng lilemo tse bontšitsoeng tlaase mona.
Colgate 2013 – 10K, Leqepheng la 68
Mohato 9A – Share thekollo: Populate the historical numbers
- Histori,, Colgate have bought back shares as we can see the schedule above.
- Tlatse ea Colgate oa o bolella thekollo (limilione tse) ka dinh lakane.
- Amahanya ea histori e EPS (diluted) from the Income Statement
- Histori palo e rekolotse lokela ho referenced ho tloha tsamao ya madi e lipolelo
Mohato 9B – Share thekollo: A bale PE multiple length (EPS multiple length)
- Calculate the implied average price at which Colgate has done share repurchase historically. Sena se balwa e le palo e rekolotse / Palo ya o bolella
- A bale PE multiple length = a fana ka maikutlo Share Price / EPS
Mohato 9C – Share thekollo: Ho fumana Colgate oa Share rekolotse
Colgate has not made any official announcement of how many shares they intend to buyback
The only information that their 10K report shares is that they have authorized a buy back of upto 50 limilione tse o bolella.
Colgate 2013 – 10K, Leqepheng la 35
- E le hore ho fumana palo ea o bolella reka khutlela, we need to assume the Share Repurchase Amount. Thehiloeng ho ea histori e thekollo palo, Ke nkile ena palo e le ea $1,500 limilione tse bakeng sa bohle ba nakong e tlang lilemo tse.
- E le hore ho fumana palo ea o bolella rekolotse, we need the projected implied share price of the potential buy back.
- A fana ka maikutlo kabelo theko = nahana PE multiple length X EPS
- Future buy back PE multiple can be assume on the basis of historical trends. Re hlokomela hore Colgate o reka khutlela o bolella ka ka karolelano PE mefuta e fapaneng ya 17x – 25X
- Mona ka tlase ke paloma ho tloha Reuters e re thusang validate PE fapaneng bakeng sa Colgate
www.reuters.com
- Ho rona ka sena, Ke ba nahana joalo e le hore bohle nakong e tlang buybacks ea Colgate tla ba ka PE katisanetswa ya 19x.
- Sebelisa PE ea 19x, re ka fumana a fana ka maikutlo theko = EPS X 19
- Hona joale hore re fumane a fana ka maikutlo theko, re ka fumana palo ea o bolella rekolotse = $ palo sebediswa bakeng sa thekollo / fana ka maikutlo a theko
Mohato 9D – Stock Options: Populate Historical Data
- Ho tloha tshobokanyo ya tloaelehileng ya setoko le shareholder: oa tekatekano, re tseba palo la dikgetho a sebelisa selemo le selemo.
- Holim'a moo, re boetse re ba na le KHETHA Proceeds ho tloha tsamao ya madi e lipolelo (approx)
- Le sena, re lokela ho ba khona ho fumana e atlehang otla theko
Colgate 2013 – 10K, Leqepheng la 53
E boetse e, hlokomela hore oa matsete dikgetho ba le dikonteraka ya ka lilemo tse tseletseng le ki, tse fetang tse tharo lilemo tse.
Colgate 2013 – 10K, Leqepheng la 69
Le sena ya data, re tlala ea Options ya data e le ka ho ya ka mona ka tlase
Re boetse re hlokomela hore weighted karolelano otla theko ea Stock dikgetho bakeng sa 2013 e ne e $42 'me palo la dikgetho exercisable ba ne ba 24.151 limilione tse
Colgate 2013 – 10K, Leqepheng la 70
Mohato 9E – Stock Options: Fumana KHETHA Proceeds
Ho beha dinomoro tsena rona dikgetho ya data mona ka tlase, re hlokomela hore le kgetho ya o tsoela pele ba $1.014 limilione tse likete tse
Mohato 9F – Stock Options: Forecast thibeloa Stock Unit Data
, Ho phaella ho Stock dikgetho, ho na le thibeloa Stock Units ea fuoa basebetsi le weighted karolelano nako ea 2.2 lilemo tse
Colgate 2013 – 10K, Leqepheng la 81
Populating ena data ya ea Options sete ea datha
Bakeng sa tsela e bonolo lebaka la ka, re ba sa projected dikgetho go ntshiwa (Ke tseba sena ha se le tokelo ya ho nkuwa, leha ho le joalo, ka ntlha ya tlhaelo ya data, Ha ke ho nka leha e le efe ho feta kgetho issuances tla pele. Re sa tsoa nkile le tsena ka lefela e le totobalitsoe ea bohlooho sebakeng se ka hodimo.
Ekelletsa moo, ea thibeloa Stock diyuniti ba projected ho ba 2.0 limilione tse tla pele.
Mohato 9G- Dipoelo tse: Forecast ea Dividends
- Forecast hakanngoa dipoelo tse sebelisa
- Lefa tsoa karo-karolelano
- Tsitsitseng potefoliong outgo
- Ka ho ya ka kabelo payout
- Ho tswa ho 10K dipegong tse re extract eohle e fetileng e tlhahisoleseding e mabapi le dipoelo tse
- Le informatio ea dipoelo tse leshwa, re ka oa fumana Dividends payout karo-karolelano = Total Dividends ho leshwa / Mokholo Ka Mor'a Litefiso.
- Ke balwa ya dipoelo tse di payout karo-karolelano ea Colgate e le bone mona ka tlase -
- Re hlokomela hore ya dipoelo tse di payout karo-karolelano e bile ka bophara e a e fapaneng ya 50%-60%. A re ke re e ho nkuwa ea Dividends payout karo-karolelano ea 55% nakong e tlang lilemo tse.
- Re ka boela hokahanya projected Net Moputso ho tswa ho Moputso polelo
- Sebelisa ka bobedi projected Net Moputso le ya dipoelo tse di payout karo-karolelano, re ka fumana Total Dividends ho leshwa
Mohato 8H – Forecast tekatekano tlaleho e kaofela ha eona
Le in ea kabelo thekollo, kgetho o tsoela pele le dipoelo tse leshwa, re loketse ho tlatsa Shareholder oa Equity Shejulu ya.
Amahanya tsena tsohle ho fihlela ho fumana ho ipolaea Equity Balance nngwe le e nngwe selemo e le se bontšitsoeng tlaase mona.
Hata 9I – Link ho ipolaea Shareholder oa Equity ho ea Balance Sheet
Mohato 9J – Link Dividends, Share thekollo & Dikgetho o tsoela pele ho CF
Palo e-up: Kopantsweng le phallo ea Shareholder oa Equity Shejulu ya
Mohato o ena Inthaneteng ditjhelete mmotlolo thupelo ke ho sheba arolelanang Oustanding Shejulu ya. Tshobokanyo ya arolelanang Ikhethang Shejulu ya
- Tsa motheo tsa arolelanang - sebele le karolelano
- Hapa nakong e fetileng liphello la dikgetho le convertibles bjalo ka maleba
- Diluted arolelanang – karolelano
- Ya referense arolelanang rekolotse a macha le a o bolella ho tloha a sebelisa dikgetho
- A bale forecasted tsa motheo tsa o bolella (sebele)
- A bale karolelano motheo le diluted o bolella
- Ya referense projected o bolella ho Moputso Setatemente (hopola Moputso Setatemente Haha ka!)
- Ea maikutlo histori o bolella e ikhethang tlhahisoleseding
- Hlokomela: Ena kemiso ka tloaelo o kopantswe le Equity Shejulu ya
Mohato 10a – Ea maikutlo ea histori e dinomoro ho tloha ho 10K tlaleho
- O bolella ile a ntša (sebele hlokomela la dikgetho) le o bolella rekolotse ka referenced ho tswa ho Shareholder oa Equity Shejulu ya
- E boetse e, ea maikutlo weighted karolelano ea palo ea o bolella le phello ya leruo dikgetho bakeng sa ea histori e lilemo tse.
Hata 10b – Link kabelo issuances & repurchases ho tloha Share Equity Shejulu ya.
Tsa motheo tsa arolelanang (Ho ipolaea) = Basic arolelanang (Ho qala) + Share Issuances – O bolella rekolotse.
Mohato 10C – Fumana tsa motheo tsa weighted karolelano o bolella,
- re fumana karolelano ea lilemo tse peli e bontšitsoeng tlaase mona.
- E boetse e, eketsa phello la dikgetho & thibeloa Stock diyuniti (referenced ho tswa ho shareholder: oa tekatekano kemiso) ho fumana Diluted Weighted Karolelano ea arolelanang.
Mohato 10D – Link Basic & e tswakantsweng weighted o bolella ho Moputso Setatemente
- Hona joale hore re ba balwa ea diluted weighted karolelano o bolella, ho ke ke nako ea hore re ntjhafatsa tshwanang ka Moputso Setatemente.
- Amahanya ka forecasted e tswakantsweng weighted karolelano o bolella e ikhethang ho Moputso Setatemente e le bontšitsoeng tlaase mona
Le sena, re tlatsa arolelanang Oustanding Shejulu ya le nako ho fallela ea rona e latelang sete ya lipolelo.
#11 – Ho qeta Cash Flow Lipolelo
Ho ke ke habohlokoa hore re ka botlalo ea phethoa tsamao ya madi e lipolelo pele re fallela ea rona e latelang le ho qetela kemiso ke hore. sekoloto Shejulu ya
Ba ka ho fihlela sethala, ho na le feela banyalani ba bang ba ea lintho tse ba sa fellang
- Chelete Setatemente - tsoala, litsenyehelo / chelete ba sa fellang mokgahlelong ona
- Leka-lekanya Sheet - tshelete le molato dintho tse ba sa fellang mokgahlelong ona
Bakeng sa ho tlatsa sekoloto Shejulu ya, re lokela ho lokisetsa rōna Cash Flow polelo e e a lakatsa sebopeho.
Re eketsa ea Cash Flow ho tloha sebetsa Activités le Cash tswelapele ho tloha Investing Activités ho fumana Free Cash Flow fumaneha tsa ho Activités.
Le Free Cash Flow, re na ho hlokomela lintho tse peli tse -
Shareholder: oa Related chelete phallang i.e. Ditefello tse ea Dividends, Stock Repurchases, Kgetho Proceeds le lula re a godimo a chelete ho leka-lekana.
Molato Related Cash phallang i.e. E telele e tlang molato le kgwedi, pakeng e khutshwane molato le kgwedi jj
Mohato 11A – A bale Cash Flow tsa ho Activités
Hata 11B – Fumana letlooa keketseho (fokotseha) a Cash & Chelete Equivalents
Mohato 11C = Tlatsa tsamao ya madi e lipolelo
- Fumana ngwaga o fela chelete & chelete equivalents qetellong ea ka selemo sa.
Mohato 11D – Amahanya oa chelete & chelete equivalents ho ea Balance Sheet.
Hona joale re loketse ho hlokomela rona sa ho qetela le ho qetela kemiso, I.E. Molato le Interest Shejulu ya
#12- Molato le Interest Shejulu ya
Mohato o ena Online Financial Modeling Thupelo Course ke ho tlatsa molato le Interest Shejulu ya. Tshobokanyo ya Molato le Interest - Shejulu ya
- A bale Cash Flow Available bakeng sa molato o puseletso
- Tlhaloso nakong e fetileng tlhahisoleseding e mabapi le Long Nako molato o
- Etsa bonnete ba hore kena ka e tlamang Long Nako Repayments (bua puseletso kemiso a fana ka Selemo le Selemo Report ka dipuisano ka molato o Karolo ya)
- Balelela forecasted Long Nako molato o Repayments
- A bale Cash Flow Available bakeng sa Revolver
- Sethunya = Cash fiela
- A bale Interest Litšenyehelo / Moputso
- Bua Karolelano ea molato leka-lekanya
- Sethunya thahasello litsenyehelo
- Nako e telele Nako thahasello litsenyehelo
- Chelete Balance bakeng sa Interest / Moputso
- Amahanya Up
- Forecasted thahasello litsenyehelo / meputso ho Moputso Setatemente
- Forecasted molato le kgwedi / borrowings ho Cash Flow Setatemente
- Forecast molato leka-lekanya ho ea Balance Sheet
Mohato 12A – Emisa molato o Shejulu ya
- Referense ea Cash Flow Available tsa ho
- Referense tsohle tekatekano mehloli le ho sebedisa ea chelete
Hata 12B – A bale Cash Flow ho tloha molato o puseletso
- Referense ea Ho qala Cash Balance ho tswa ho Balance Sheet
- Deduct bonyane chelete ho leka-lekana. Re ba nahana joalo hore Colgate rata ho 'ne bonyane ba $500 limilione tse selemo le selemo.
- Tlōla-tlōla Long Nako molato o Issuance / Repayments, Chelete fumaneha bakeng sa ho Revolving Credit Facility le Revolver karolo ya kaha joale
Ho tloha Colgate oa 10K tlaleho, re hlokomela e fumanehang dintlha tse mabapi le Revolved Credit Facility
Colgate 2013 – 10K, Leqepheng la 35
E boetse e e fanoeng boitsebiso bo eketsehileng ka molato o ke etsa e telele e tlang molato le kgwedi.
Colgate 2013 – 10K, Leqepheng la 36
Mohato 12C – A bale ho ipolaea Long Nako molato o
Re sebelisa Long Nako molato o puseletso kemiso a fana holimo le a bale ho ipolaea Balance ea Long Nako molato o Repayments
Mohato 12D – Amahanya sa nako e telele molato le kgwedi.
Mohato 12E -Calculate ea discretionary borrowings / paydowns
Sebelisa oa chelete fiela moralo o balletsweng e le bontšitsoeng tlaase mona, a bale discretionary borrowings / paydowns.
Mohato 12F – A bale Interest Litšenyehelo ho tswa ho Long Nako molato o
- A bale ka karolelano tekatekano ye bakeng Revolving Credit Facility le Long Nako molato o
- Etsa le kahlolo e molemo ho nkuwa bakeng sa sekgahla sa tswala thehiloeng ka boitsebiso bo a fana ka 10K tlaleho
- A bale Kakaretso Interest Litšenyehelo = karolelano tekatekano ya molato X sekgahla sa tswala
Fumana Total Interest Litšenyehelo = Interest (Potolohang Credit Facility) + Thahasello (Nako e telele Nako molato o)
Mohato 12G – Link Principal molato & Sethunya drawdowns ho Cash phallang
Mohato 12H – Ya referense Current le Long Nako ho Leka-lekanya Sheet
- Demarcate ea Current karolo e itseng ea Long Nako molato le Long Nako molato e le mo tlase
- Hokahanya Revolving Credit Facility, Nako e telele Nako molato le Current karolo e itseng ea Long Nako molato o ho ea Balance Sheet
Mohato 12I – A bale Interest Moputso sebelisa ka karolelano chelete ho leka-lekana
Mohato 12J – Link Interest Litšenyehelo le Interest Moputso ho Moputso Setatemente
Etsa Balance Sheet hlahloba : Kakaretso Matlotlo = melato + Shareholder: oa Equity
Mohato 12K – Hlahloba ea Balance Sheet
Haeba ho na le ke leha e le efe lumellane ho, ka nako eo re lokela ho hlahloba sekai le hlahloba leha e le ofe le kgolagano fa errrors
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Ditjhelete Modeling Thupelo Course Lintlha-khōlō
Free Financial mehlala
U ka 'na thowuni feletseng kopantsweng Financial mehlala ho tswa ho web statistics –
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Seo latelang?
Haeba u ile a ithuta le ntho e ncha kapa ba ne ba thabela ena Financial Modeling Thupelo Course, ka kōpo siea ho hlahisa maikutlo mona ka tlase. Ntsebisa seo u se nahana. Ba bangata ba leboha 'me ba hlokomele. Happy ho Ithuta!


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Ho na le ba bangata ba boitshupi jwa gago le di dikirii a lichelete setsebi ka 'na tšoara, leha ho le joalo, ha ho e mong ho feta Chartered Financial setsebi kapa CFA hore earns tlhompho kapa e e le rigorously tsepamisa maikutlo ho ntshetsa pele Investment Skills le Tsebo. Ka ea le makasine The Economist a bua ka theCFA oa motheo e le "Khauta e ka maemo a,"ngola hore:
[The] mangolo a thuto ke le kakanyo feela e lekanang le a ho le ikhethileng morago ga kalogo ditjhelete tekanyo e, ho akarelletsa le e le motswako wa ekonomi, melao ea boitsoaro, molao, le, palotlotlo ... hoja ho na le tse likete tse mashome la lichelete likhato fumaneha lefatseng ka bophara, ho tloha ho ea e babatsehang ho e se nang thuso, ho na le ke le mong feela CFA, khona le hlahloba ke American mokhatlo oa ditjhelete litsebi, ea CFA Institute.
Leeto la ka le lebisa fumana ka CFA Charter e bile le ntle e thabisang, enriching hammoho le thata. Ho na le ba ne ba lotho ea thulana le mathata le manolo – Ke feta CFA Level 1 le CFA Level 2 hang-hang, leha ho le joalo, CFA Level 3 e ne e le thata linate ho Crack. Ke ile 3 leka ho fetisa CFA Level 3. CFA Charter e bile molemo haholo-holo ka hore ke Equity Research setsebi mosebetsi. Morao ka ho fetisisa, Ke ile ka fumana ka tsela e makatsang tse molemo tseo moena oa ka Neeraj Vaidya (ea sebetsang ho hammoho le CEO ea ea lefatse lohle tiile 'me le lulang Dubai) o boetse o feta CFA Level 3 hlahloba. O ile a hona joale lebeletse ho o etsa kopo ya CFA Charter. Ke 'na a kholisehile hore o o na le e kholo mosebetsi pele.
E le le mokoetlisi sebedisana mothehi oa Kgwebo Bridge, Ke koetlisoa le ho mentored tse makholo baithuti ka go CFA tlhatlhobo 'me ke hona joale ka tšepo ea ho hasa elelloa ena lintho tsa bohlokoahali CFA lenaneong lena ka ka blog ya. Sehlooho sena se e bua haholo ka linate le ka dirolo tsa CFA hlahloba –
- Ka CFA Program
- Ke hobane'ng ha Phehellang CFA?
- CFA tlhahlobo Format
- CFA tlhahlobo ho bekha / Tšenyeho
- CFA itlhahloba Ditefello
- CFA Results & Feta Rates
- CFA Kharikhulamo ya Books vs. Schweser Notes
- Ngolisitsoeng ka ditlhoko tse
- Lihlapiso Opportunities
- Molemo CFA tlhahlobo Prep Resources
Ka CFA Program
The Chartered Financial setsebi (CFA) Lenaneo la, laolwa ke CFA Institute, e fana a fumane lengolo-boemong ba kharikhulamo le hlahloba lenaneo la etselitsoe ho atolosa gago a tiro le tsebo le sebetsang bokgoni amanang ho ya tsetela ho etsa qeto.
Ke hobane'ng ha Phehellang CFA tlhahlobo?
Fuoa nako, chelete le boiteko bo matla, ke CFA tlhophiwa le hantle bohlokoa ho phehella? Tlaase mona ho na ka sehloohong mabaka a ke hobane'ng ha u lokela ho phehella CFA -
- CFA ke ka ho fetisisa a hlokomela lefatshe ka bophara tlhophiwa bakeng sa ditjhelete litsebi na mokili mobimba.
- Feela bahiri empa le bareki nahana ka CFA Charterholders e le litsebi Finance.
- Mosebetsi tsoelo-pele ka lebaka la CFA tlhophiwa ho na brainer. Lenaneo lena ke le molemo haholo a Investment Banking, Mosebetsi Management, Investment Research le Tšireletseho Analysis jj.
- Ea morao tjena phuputso e entsoeng ka CFA Institute ile a hlokomela hore CFA Charterholders ba haholo-holo sebetsa e le Portfolio batsamaisi (22%), Patlisiso Analysts (14%) le ka Sehloohong phethahatso (7%)
mohloli – CFA Institute
Ekelletsa moo, ka July 2014, CFA Institute conduced phuputsong e entsoeng ho CFA bonkgetheng 'me ba fumana mona ka tlase mabaka a e le yone susumelletsa ho nke tlhatlhobo -
- 37% etellang ena tlhatlhobo ka lebaka la Career tsoelo-pele ea le ditshono ka go bula
- E 'ngoe 20% etsa sena ba fihle e phahameng tsebo ya maemo
- 10% beleive hore e ntlafatsa menyetla ho fumana mosebetsi.
U ka 'na download dintlha ka botlalo ea phuputso e entsoeng mona – CFA Survey
CFA tlhahlobo Format
Mona ka tlase tafoleng showcases likarolo tsa bohlokoa ea ea CFA itlhahloba.
Key Lintlha-khōlō ka CFA tlhahlobo sebopeho
CFA Level 1 tlhatlhobo
- Ena tlhatlhobo haholo-holo e bua haholo ka ho ntshetsa pele dikgopolo tsa motheo a Finance.
- Multiple length khetho lipotso sebopeho etsa hore hore ho be bonolo go ka dirisetswa ditlhatlhobo ya amohelang, leha ho le joalo, e mong o lokela hlokomela hore ka karolelano u na le ho pota 1.5 ka metsotso, ka potso.
- Ha ho Krrish ho tšoaea
CFA Level 2 tlhatlhobo
- Le popego ya tlhatlhobo ke mini-linyeoe tse ba 1.5 leqepheng la bolelele ka karolelano
- Aetheme ka nngwe beha kapa mini-Maemong ba le tse tseletseng lipotso mong le e mong, likarabo potso nngwe le nngwe ka 'na itšetleha ya hao pele e neng e araba potso.
- Ha ho Krrish ho tšoaea
CFA Level 3 tlhatlhobo
- Le senotlolo ntho e ho hlokomela hore Morning fa setlhopha se kopane ke moqoqo Type Format moo tlhatlhobo ya amohelang lokela ho rarolla ho le joalo lithuto tsa ka le ngola loketseng likarabo
- Thapama fa setlhopha se kopane e tšoana le popego ya CFA Level 2 moo ho ba mini-joalo lithuto tsa le mangata khetho potso likarabo
- Ha ho Krrish ho tšoaea
CFA tlhahlobo ho bekha / Tšenyeho
Mona ka tlase ke CFA Topic Areas a kgatong nngwe le nngwe.
CFA Level 1
- Ea mantlha ea CFA boemong ba 1 tlhatlhobo ke ho bopa motheo e tiileng Finance.
- Ka kōpo hlokomela hore Financial ho tlalehela & Analysis, Boitshwaro le Quantitative Analysis emela haufi le 50% ea tlhatlhobo weightage. Haeba u lintlha hantle ka ho tsena 3 lihlooho tse, ho na le ke le kgonagalo ya ea feta CFA Level 1 tlhatlhobo. Leha ho le joalo, makambo mosusu a ke ke a hlokomoloha, tse ling tsa tsona ba be bonolo le go le ka khona ho lintlha molemo points ba.
- CFA Level 1 hlahloba ke batlang e le be bonolo go Finance Liithuti le ba nang le ya kitso ya pele la ho ikarabella.
- Bao e seng ea lichelete ba fumaneng mangolo (lienjiniere, saense, bonono jj) ka 'na Financial ho tlalehela & Analysis a batla a thata. Leha ho le joalo, u se ke ua tšoenyeha le ho hongata haholo. Haeba u qeta nako ee tshwanetseng go taba ena ka, u lokela ho tsamaea ka ho.
- E le Engineer e bile e le Mba Finance, Ke ile ka fumana Financial ho tlalehela & Ya bontsi Analysis le Quantitative Analysis a batla a ho le bonolo ho ithuta. Leha ho le joalo, Ke tla ipolela, Ke loana ka thata e ngata le Ethics le moruo.
CFA Level 2
- CFA boemong ba 2 ke hanyenyane ho le thata tlhatlhobo e le bapisoa le CFA boemong ba 1 ka lebaka la 2 mabaka a e) ya kharikhulamo hona joale a boima e le bapisoa le CFA Level 1 le b) tlhōlisano ke pakeng tsa tebileng bonkgetheng ba ba neng ba ho fetile Level 1 hlahloba.
- Tse 'ne lihlooho tse – Melao ea boitsoaro, Ditjhelete ho tlalehela & Analysis, Tekatekano Investment le e tsitsitseng Moputso emela approx. 50%-80% ea weightage.
- A ka sehloohong a fetola go ya ka paterone ke hore ho na le ba 10 ntlha ya sete (mong le e mong ho pota 400-800 mantsoe a) ba tseletseng multiple length khetho dipotso tse mong le e mong fa setlhopha se kopane (Hoseng & Thapama thuto). Tsena tse tseletseng lipotso ka 'na ba e itsetlehileng ka kapa ikemetseng nngwe le e nngwe tse ling tse.
CFA Level 3
- Ka sehloohong qhekella a CFA Level 3 hlahloba ke moqoqo Type Potso Paper. Sena ke ka lekhetlo la pele CFA hlahloba hore u ba lebelletswe ho ngola ditlhamo.
- Ba tshiya ya moqoqo Type Potso Paper ke Portfolio Management (emelang 45% weightage). Ho tloaelehile bohlale bo ea moqoqo Type Potso pampiri etsa hore etsa kapa o senya boemo bo. E fumanoa hore motšehare oa mantsiboea tlhahlobo hore e na le Item Set lipotso batlang e le be bonolo go boholo ba bonkgetheng
- Ke 'na e tloaelehileng ea laptop ea & e gadget Guy me le se ke sebelisa boholo ba pene le bukeng. Etsoe sena tlhatlhobo, Ke nka ka pene bakeng sa tebileng letsoho la ho ngola ka mor'a hore hoo e ka bang 5 dingwaga di le hlokomela hore ka mokwalo wa seatla e ne e batlang e ho baleha. Ke ne ke e ho etsa mongolo a batla a ho tšela bonyane ba legibility seelo. Le nakong eo, Ke hopola eo matsoho a ka ba ne ba kotsi ka mor'a hore Morning fa setlhopha se kopane, e le molemo tshebetso (letsoho la) ho ngola.
CFA itlhahloba Ditefello
Mona ka tlase ke tlhatlhobo ditefello tsa ho CFA June 2015 Tlhatlhobo (Level 1, Level 2 & Level 3)
- Ho na le lekhetlo la pele ngolisitsoeng ka ditefello ea $450. E boetse e hlokomela hore e le lintho tse ngata theko e tlaase ho ngodisa bakeng sa tlhahlobo pele. Tlhatlhobo ditefello ea 3rd Deadline ($1,210) litšenyehelo hoo e ka bang ka makhetlo a mabeli ea ea pele Deadline ($630)
CFA Results & Feta Rates
CFA ditshupetso tse dingwe dipoelo atisa ho ile a phatlalatsa ka mor'a hore libeke tse robeli ea tlhahlobo letsatsi. CFA Level 1 le 2 tlhatlhobo ditshupetso tse dingwe dipoelo di a fumaneha ho bobedi ea CFA Institute websaeteng 'me ka ho e le di-imeile. CFA Level 3 liphello teng ka libeke tse leshome ngolang tlhatlhobo letsatsi.
A le mong ho 100 CFA bonkgetheng, feela 15 bonkgetheng tla qetellong Crack e!
Pele re buisana motho ka mong boemong ba CFA tlhahlobo feta ditefello, ho tla ba ho thahasellisa ho sheba ka kakaretso go fetsa le joalo. Go fetsa le joalo (%) ke palo ya bonkgetheng ba ba ba neng ba ho fetile cumulatively CFA boemong ba 3 ditlhatlhobo aroloa ke kakaretso ya palo ya cumulative bonkgetheng ba kileng ba a leka CFA hlahloba. Palo ena e e fana ka re e pharaletseng e maikutlo a kamoo ba bangata e qetellong phehella le hleka tsohle 3 maemo a
- Ho tloha ka thehoa feela, kakaretso ea 15.4% CFA bonkgetheng feta CFA Level 3 ditlhatlhobo
- Morao ka ho fetisisa (2005-2014A), le kakaretso ya go fetsa lebelo la 14.6% ne a a hlokomela
- Sena se bolela a le mong ho 100 CFA bonkgetheng, ka 15 CFA bonkgetheng tla qetellong feta CFA Level 3, leha ho le joalo, tse setseng 85 bonkgetheng ka 'na qetellong khetha tsoa.
Hona joale a re ke re sheba e ntse e feta ditefello bakeng sa mong le e mong Level
CFA Level 1 Tlhatlhobo e ntse e feta le joalo ke haufi le 40%
- Nakong e fetileng 10 lilemo tse bona hore CFA Level 1 hlahloba feta le joalo ne a le e fapaneng ya 34% ho 39%, ka palogare feta lebelo la 39%
- Karolelano feta kelo ya ea December hlahloba e ne e 37%
- Karolelano feta kelo ya ea June 2014 hlahloba e ne e e phahameng ka 40% (thahasellisang!)
CFA Level 2 Tlhatlhobo e ntse e feta le joalo ke haufi le 44%
- Nakong e fetileng 10 lilemo tse bona hore CFA Level 2 hlahloba feta ka selekanyo e fapaneng ya 32% ho 56%, ka palogare feta lebelo la 44%
- June 2014 hlahloba feta le joalo e ne e phahameng ka ho fetisisa ka 46% nakong e fetileng 8 lilemo tse
U na le 50:50 menyetla ea ho feta CFA Level 3 Tlhatlhobo
- Nakong e fetileng 10 lilemo tse bona hore CFA Level 3 hlahloba feta ka selekanyo e fapaneng ya 50% ho 76%, ka palogare feta lebelo la 56%
- June 2014 hlahloba feta le joalo e ne e phahameng ka ho fetisisa ka 54% nakong e fetileng 8 lilemo tse
CFA Kharikhulamo ya vs. Schweser?
Ho araba potso e ka holimo, a re ke re pele ba le take a look at phahameng papiso fa gare ga tse peli tse.
Ka kōpo hlokomela hore ho na le ba ba bangata ba liphutheloana fumaneha ho Schweser. Bakeng sa ka holimo bapisoa ke akarelletsa theko ea ba bona ba Bohlokwa Self ithuta sephutheloana. Pele ke leka ho araba potso e ka holimo, bohlokoa ka ho fetisisa potso eo u lokela ho ipotse ke joang nako e ngata u rera (nahana ka ntho ea sebele) ho qeta bakeng sa CFA Level 1 Hlahloba. Hao ho lokisetsa (CFA ya kharikhulamo lintlha vs. Schweser lintlha) tla ho feletseng itšetleha ka le nako e u ikemiselitse ho qeta.
Mona ka tlase ba ka sete ya malebela ao ho ka ba molemo (feela o sebetsang ho CFA Level 1 hlahloba)
Haeba u na le 100-120 lihora tse Tlhatlhobo itokisa Time?
A re ke re tobana le 'nete, ha u na lotho ea nako ea ho lokisetsa le feta ena CFA Level 1 hlahloba. Leha ho le joalo, u na le feela nako e lekaneng ho fana ka hao e mong molemo ka ho fetisisa thunngoa. Le sena ke ho kgothaletsa latelang -
- Lebala ka CFA Kharikhulamo ya Books. Feela tla ka tloaelehileng bohlale ba ile ba kopanela ka boholo ba batho bo CFA diqoqiso, ho nka ho pota 200+ diura di le ee ka CFA ya kharikhulamo libuka (e leng ho hlakile hore u khutšoanyane ea)
- Pholletsa le Schweser Video Tutorials. Ena ka nka ka, max 20 lihora tse 'me bana ba ke go ka simololwang ka ho lokisetsa u le go kwala tlhatlhobo.
- Hang ha o ba a sheba livideo, ee ka Schweser e bolela ka botlalo. Leha ho le joalo tsena ke kgutsufatso phetolelo ea CFA libuka, leha ho le joalo, Ke ikutloa ke ba ba lekaneng ho lekaneng ho e etsa bonnete hore u feta tlhatlhobo. Ho bala Schweser lintlha tla nka ho pota 80 kapa dihora tse kapa e le
- Ba setseng nako (haeba leha e le efe), u lokela ho qetang leka e le ba bangata ba soma lipampiri tsa ha u ntse u khonang ho kgopolo ntlafatsoa.
- Ke ne ke e feela 100-110 dihora CFA Level 1 tlhatlhobo ho lokisetsa 'me a sebelisa leano lena ho fetisa CFA boemong ba 1 hlahloba.
Haeba u na le 200-250 lihora tse go ka dirisetswa ditlhatlhobo ho lokisetsa?
Haeba u ka qeta 200-250 lihora tse lokisetsa le go kwala tlhatlhobo, ka nako eo o tla ba le bothata bo – Lokela ho i ama CFA ya kharikhulamo tsa libuka kapa tsa lokela ho ke sheba Schweser e bolela kapa bobeli?
- Hlathe koana le koana bua, u tla ba le ho etsa qeto ea mohlomong ho ya ka tse peli tse, empa e se ka bobeli. E ka ba u ka fumana ka CFA ya kharikhulamo libuka hang (e, hang feela!) kapa o ka ipabola Schweser ka ho ithuta a bona a ho video e tutorials, ho bala e bolela banyalani ba bang ba ka makhetlo, tloaetseng ho etsa soma dipampiri tsa jj bohle ka 200-250 lihora tse
- Ka tlhahiso mona ke ho empa ke sa e ama ea CFA ya kharikhulamo libuka le qeta nako ya ka nako tsebe Schweser ke khopolo ea ka ho ya ka ka nako eo-tafoleng fuoa ka mona ka tlase kerafo
Haeba u ba na le mabothobotho ho qeta 300 lihora tse?
Haeba u na le 300+ lihora tse, ka nako eo ke ne ke tla haholo nkhothaletsa Remix ea CFA Kharikhulamo ya libuka hammoho le Schweser lintlha.
- Tsela e molemohali ea ke ho qala ka Schweser Video Tutorials le fallela Schweser e bolela joalo hore u etsa bonnete u koahela yohle ya bohlokwa e dikgopolo ho tswa ho maikutlo ditlhatlhobo.
- Ka mor'a moo, Ke ne ke tla u eletsa hore u sheba CFA Blue Box Mehlala (tšohloa ka hare ho khaolo ea) 'me joale Fela tsa Kgaolo ya (EOC) Lipotso. Ena ka nka e 'ngoe 80-100 lihora tse.
Haeba u na le ka tlaase ho 100 lihora tse
- A sehloho eletsa, Ee hae! Se ke ua leka hao lehlohonolo. U ne u tla ba se a ntse a ile a qeta ho feta $1000 ka ngodiso ya tlhatlhobo. Ke hobane'ng ha ho senya ena leka?
- Nahana a khaotsa ho tsuba kgetho haeba u se a ntse a ngodisitsweng bakeng sa CFA tlhahlobo. A khaotsa ho tsuba pholisi ya fanoang ke CFA setheo ka 'na e nago le mohola. Tlanya mona bakeng sa dintlha.
Ngolisitsoeng ka ditlhoko tse
Ho kgethelwa ho kena ka CFA Program, ho na le tse peli tse ka sehloohong ditlhoko -
- Ba le US Bachelor oa (kapa lekanang le tekanyo e) kapa ba ka ba ngwaga wa bofelo ya hao lesoha oa tekanyo e lenaneo la ka nako eo ngodiso ya
- kapa ba lilemo tse 'ne ba tsoanelehang, setsebi maitemogelo a mosomo (ha a na ho ba dipeeletso amanang le)
- kgotsa sa e tlhakanya mosebetsi oa mpe ya likolo phihlelo e-kakaretso Tsa nakong ea lilemo tse.
- Ka kōpo hlokomela hore Karolo nako e maemo a u se ke ua tshwaneleha, le lilemo tse 'ne kakaretso lokela ho accrued pele ho ngolisitsoeng ka
- Ba le utloahalang International Travel paseporoto - Ena e hlokehang bakeng CFA tlhahlobo ngolisitsoeng ka le ngodiso
Lihlapiso Opportunities
CFA Institute e fana ka mefuta e mmedi ya Scholarships -
Phihlelo lihlapiso
- Sena ke hlokahala thehiloeng lihlapiso etselitsoeng ho ba ba neng ba ba sa khone ho khona e tletseng CFA lenaneo la ditefello.
- Ho phaella ho Financial litlhoko, ho na le mabaka a mang a hore ba boetse ba nkoa joaloka tsa thuto, setsebi kapa tse ling tse se finyeletsoeng ke nkgetheng ya, nkgetheng ya o thahasella ho phehella ea CFA oa motheo, litsitiso hlōla ke nkgetheng ya jj.
- Ho feta 2,600 Phihlelo Scholarships ba fuoa CFA Program bakopi mong le e mong almanakeng selemo.
Temoho e lihlapiso
- Sena se fuoa moodle influencers a barutegi le ditjhelete setjhaba.
- Ena temoho e lihlapiso e reretsoe ho phahamisa elelloa CFA Institute mananeo a har'a moodle influencers ka ho lumella itseng yang ka leano hantle lihlopha tse le batho ka bomong ho ea aba le / kapa fumana tlhatlhobo kwadiso ka discounted ditefello.
Bakeng sa lintlha tse, u ka 'na bua CFA lihlapiso Page
Molemo Resources bakeng sa CFA tlhahlobo Prep
- CFA Tsela ea Thuto ea – CFA Institute
- CFA Presentation Downloads – eduCBA
- CFA Level 1 Sample Boitsebiso bo – Schweser
- CFA Video Tutorials - Irafanulla
- CFA tlhahlobo Information – Wikipedia
- CFA Blog – eduCBA
- CFA Discussion Forum - AnalystForum
- CFA Discussion & Thusa – Reddit
Seo latelang?
Haeba u ile a ithuta le ntho e ncha kapa thabela poso, ka kōpo siea ho hlahisa maikutlo mona ka tlase. Ntsebisa seo u se nahana. Ba bangata ba leboha 'me ba hlokomele. Happy ho Ithuta!

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Wall Street conglomerates ba gotten hōle le seo bolotsana ka ho sa feleng kaha ba ne ba u e le e kgolo le e ka boomo “cloistered” ka sephiring oo ka tloaelo o potolohileng sephiri dipeeletso tlhahisoleseding.
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Hantle, ba matsatsi a le haufi le ho Fela ... ka ho sa feleng.
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Re tla u thusa hore u eketsa palo ea fetisetsa ho
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TextLinks – Plain Forex Trading
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Ba Plain Forex Trading Subcsriber Joale
Forex khoebo maano a karolo nako bahoebi
Forex Trading mekhoa bakeng sa Karolo ea Time bahoebi ba
Ho laola bulehileng trades le ho ithuta proven chelete e ngata khoebo tsamaiso
Ho laola Open Trades le ho ithuta Proven molemo Trading System
Ke RUTA ke u tsamaiso HA e etsa hore u CHELETE!
Ke RUTA ke u tsamaiso HA e etsa hore u CHELETE!
Finyella hao se dil se dil la ho itima lijo ditjhelete tokoloho
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Hao Affiliate Link:
Re feto-fetohe ntjhafatsa sena ho fana ka u tsa morao-rao thepa ea ho Market le. Lula tuned bakeng sa litlholisano le Prizes aswell :). Haeba u batla ho le nketele, tlanya mona
Eona e thabisang ho sebetsa le uena!
Molemo ka ho fetisisa moputso le ho katlehong ea hao,
Davida Hughe


text:
Free phallela tsa morao-rao filimi ho Qetela Metro French, video ena ke Blu-ray, sebopeho, ke TRUEFRENCH le ho ba le molemo ka ho fetisisa boleng 1080p.Vous ka phallela ho qetela lifilimi ka phahameng qualité.Sur Last Movies French u ka fumana tsa morao-rao lifilimi fumaneha bakeng sa ho phallela ka Blu-ray,.
Tlhahisoleseding e mabapi le ho Qetela Metro
Paris, septembre 1942. Lucas Steiner, Montmartre liketsahalo motsamaisi tlameha ho baleha hobane o ile a ke ba Bajuda. Mosali oa hae Marion Steiner e laela liketsahalo le ikemiseditse Bernard Granger, defector ho tloha Grand Guignol, ho bapala haufi le eena ho "Extinct", hore hlalosa Jean-Louis Cottins. Ho fihlela ka kakaretso bosiu, le sehlopha seo undergoes litsokelong tsa virulent a nyatsa "Ke 'na hohle", Daxiat, eo ho rata maemo ke ho phela Sefora Comedy. 'Me haeba, rata mosali oa hae, Lucas Steiner ne a etsa eka ho baleha Fora le ne a a lula a a patiloeng kamoreng e ka tlaase ea ho shebella libaesekopo le nakong ea ntoa ....
Letsatsi hlaha :
15 October 2014
Tsohle dipholo tsa beke
Réalisé par :
François Truffaut
Avec :
Katherine Deneuve,
Gérard Depardieu,
Jean Poiret
Tout le casting
Durée :
2h10min
Pays de production :
France
Année de production : 1980
Letsatsi la ho nšoa : 17 septembre 1980
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text:
Reka Beats, Riddims, Instrumentals le Tracks
Batla Beats ho reka kapa ho a ntshe?
U batla bakeng sa morethetho, riddim, e ikhethang pina, kapa e karaoke? U fumane le tokelo ya habité! Benn i-rekisetsa riddims, otla ka, instrumentals tsohle mefutakwalo. Empa haholo-holo Reggae. Ha o ba thahasella e morethetho, ka kōpo bona Beatshop. Benn i-boetse e customized otla ka. Kotjwa hore o iteanye Benn i-.
Ena websaeteng u wil fumana;
- FREE Beats / Riddims
- LEASE Beats / Riddims
- Khethehileng Beats / Riddims
Ho ea morethetho lebenkele. Haeba u tseba lebitso la mokgatlo a itseng a riddim u ka sebelisa ho batla bareng a hodimo ho le letona. Le foo 40 fapaneng otla ka / riddims fumaneha.
O ka ka ho toba thowuni ya hao e ntjha morethetho! A tabeng ea a ntshe morethetho, tefello ya lokela ho ile a fumana ka ho PayPal pele o tla fumana Download kgokahanyo.
Check out Benn i-oa morao-rao SoundCloud morethetho, se ke ua lebala ho latela re. Eona le hantle ananela.


text:
Free phallela tsa morao-rao filimi Kill Monna French, video ena ke Blu-ray, sebopeho, ke TRUEFRENCH le ho ba le molemo ka ho fetisisa boleng 1080p.Vous ka phallela ho qetela lifilimi ka phahameng qualité.Sur Last Movies French u ka fumana tsa morao-rao lifilimi fumaneha bakeng sa ho phallela ka Blu-ray,.
Tlhahisoleseding e mabapi le Kill Monna
Jorge ke monna ea tsepahalang ea sebetsang ho le thata ho tšehetsa lelapa la hae. Bosiu bo le bong, o ile a e rohakile ka le segopa e ea bacha ba, tataisoa ke eo e neng e mofosi a oa lulang ho. Mora oa hae e le eena hlasela. Tsabo le matsoenyeho ba butle-butle a hlaselang lelapa bao bophelo ba bona e be sehloho.
Thriller
Letsatsi la ho nšoa :
17 septembre 2014
Tsohle dipholo tsa beke
E tsamaisoa ke :
Alejandro Fernández Almendras
Hammoho Le :
Daniele Candia,
Alejandra Yanez,
Daniele Antivilo
Eohle ho lahla
Duration :
1h40min
Naha tsa tlhahiso :
Chile
Tlhahiso Year : 2013
Pele tlotla : Bolaea motho a
Distributor :
Arizona Distribution
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text:
Ha o sekaseka khampani licheleteng bophelo bo botle, the very first measure that you may want to check is profitability. The portion of a company’s profit allocated to each outstanding share of common stock is known as Earnings Per Share or EPS. Leha ho le joalo ka tlhaloso ya moputso Per Share ke batlang e le bonolo, leha ho le joalo, ea EPS go balelela ha ena e bonolo. Ka mohlala, a re ke re ba le look at the Colgate Palmolive Moputso Per Share Shejulu ya.
mohloli – Colgate 10K mafoforetsane
Re hlokomela hore ho na le tse peli tse dipharologanyo tsa EPS – Tsa motheo tsa EPS le Diluted EPS a Colgate. E boetse e hlokomela hore Stock dikgetho le thibeloa Stock diyuniti ba amang kakaretso ya palo ya o bolella e ikhethang. Haeba ho hanyenyane ferekanya mokgahlelong ona, ka nako eo tšoenyeha ke ke, ea selelekela ka EPS koahela ka lintho tsa motheo 'me joale nka hore o a tsoetseng pele boemo ba moputso Per Share. Topics koahela ke tse ka ho ya ka mona ka tlase –
- Se moputso Per Share
- Bonolo vs. Complex Capital Sebopeho
- Tsa motheo tsa moputso Per Share kapa Basic EPS Tlhaloso
- Bala Weighted Karolelano ea Palo ea arolelanang
- Stock Dividends & Stock e petsoha
- Se Diluted EPS?
- Phello ea e fetohang molato o ka Basic & Diluted EPS
- Phello ea e fetohang ba rata Stock ka Basic & Diluted EPS
- Matlotlo Stock mokgwa wa - Options & E fana ka tiisetso
- Colgate oa e fumana Per Share Analysis
- Joang moputso Per Share e amana le Stock Markets?
Se moputso Per Share kapa EPS?
Ka ho fetisisa sebediswang ka mehla kgwebo le dipoelo tekanyo e itseng bakeng sa phatlalatsa rekisa difeme. Moputso ka ho ya ka kabelo (EPS) e re bolella tloaelehileng beng ba dishere e kae ea e fumanehang chelete le amahanngoa le ea o bolella ba nang le tsona (kabelo ea bona tsa phae).
Lintlha tsa bohlokoa ho hlokomela ka EPS
- EPS e feela tlaleha diabo a tloaelehileng a Stock
- Bao e seng phatlalatsa rekisa difeme ha ba hlokehang ho senola EPS dinomoro
- EPS e fana ka temohisiso ea ho tloaelehileng beng ba dishere ka:
- Nakong e tlang potefoliong payout
- Bohlokoa ba ho ba bona ba shareholdings
Bonolo e bapisiwa le Complex Capital Sebopeho
A khampani motse-moholo oa sebopeho ke bonolo haeba e e na le feela tloaelehileng Stock kapa akarelletsa ha ho bokgoni ba tloaelehileng Stock hore holim 'a bobongoli motema kapa ho ikoetlisa ne a ka hlapolla moputso ka ho ya ka tloaelehileng kabelo. Lik'hamphani le bonolo motse-moholo mehaho e feela lokela ho tlaleha tsa motheo tsa EPS.
A rarahaneng motse-moholo sebopeho o na le balebedi e neng e ka ba le dilutive phello moputso ka ho ya ka tloaelehileng kabelo. E le ea hona joale, nahana ka dilutive e le hantle le le ba balebedi hore theola moputso Per Share.
- Rarahaneng motse-moholo sebopeho o na le nang le monyetla dilutive balebedi joaloka dikgetho, e fana ka tiisetso kapa e fetohang balebedi.
- Lik'hamphani le rarahaneng motse-moholo mehaho e lokela ho tlaleha ka bobeli tsa motheo tsa EPS le diluted EPS.
- Manollo ea diluted EPS tlas'a a rarahaneng a motse-moholo sebopeho lumella batsetedi ho bona o bohloko tšusumetso EPS haeba bohle diluted balebedi sokolla ka tloaelehileng Stock.
A re ke re sheba Colgate mohlala a boetse a le ena. Colgate o na le a rarahaneng a motse-moholo sebopeho – Ke hobane'ng ha? Lebaka la ke hore ba bona ba motse-moholo sebopeho e na Stock dikgetho le bonahala e le thata Stock diyuniti tseo ka eketsa palo ea o bolella e ikhethang (lerei). Hore palo e ea o bolella e ikhethang eketsa, joale e ntan'o ba EPS tla fokotseha. Ka kōpo hlokomela a tabeng ea Colgate, palo ea o bolella hore eketsa ka lebaka la Stock dikgetho le thibeloa Stock diyuniti ke 9.1 limilione tse bakeng sa selemo sa 2014.
mohloli – Colgate 10K mafoforetsane
Tsa motheo tsa moputso Per Share (EPS) Tlhaloso
Basic EPS does not consider the effect of any dilutive securities. Here we use the actual earnings and actual number of issued common shares issued
Tsa motheo tsa EPS Mokgwa wa ho Nahana le e bonolo motse-moholo sebopeho:
Ya jwale ngwaga ba khetha dipoelo tse e subtracted ho tloha letlooa chelete hobane EPS e bua ka moputso fumaneha le tloaelehileng la shareholder:. Tloaelehileng Stock dipoelo tse ha ba subtracted ho tloha letlooa chelete.
A re ke re ka mohlala oa Colgate tsoang holimo mohlala, ea Net Moputso (2013) lebaka ho e Tloaelehileng Shareholders ke $2,241 milione le tloaelehileng o bolella e ikhethang ke 930.8 limilione tse. EPS ea Colgate bakeng sa 2014 ke $2,241 / 930.8 = $2.41
mohloli – Colgate 10K mafoforetsane
Kaha palo a tloaelehileng a o bolella e ikhethang ka fetola ka ka selemo sa, ea weighted karolelano e sebelisoa ho compute EPS. The weighted karolelano ea palo a tloaelehileng a o bolella ke palo ea o bolella e ikhethang ka nako ya selemo weighted ke karolo e itseng ea selemo ba ba ne ba e ikhethang. Bahlahlobisisi ba lokela ho fumana lekanang le palo ya eohle o bolella e ikhethang bakeng sa selemo.
Tse tharo mehato ea ho compute ea weighted karolelano ea palo a tloaelehileng a o bolella e ikhethang:
- Hlwaya ho qala ho leka-lekana a tloaelehileng a o bolella le diphetoho tse tloaelehileng tse o bolella ka nako ya selemo.
- Nngwe le e nngwe fetola tse tloaelehileng tse o bolella:
- Mohato 1 – Compute palo ea o bolella e ikhethang ka mor'a hore mong le e mong fetola tse tloaelehileng tse o bolella. Go ntshiwa ga ncha o bolella eketsa palo ea o bolella e ikhethang. Thekollo ea o bolella ho fokotsa palo ea o bolella e ikhethang.
- Mohato 2 – Boima ba 'mele o bolella e ikhethang ke karolo e itseng ea selemo pakeng tsa ena fetoha le ho latelang fetola: boima = matsatsi a e ikhethang / 365 = months outstanding / 12
- Mohato 3 – Chelete ho fihlela ho compute ea weighted karolelano ea palo a tloaelehileng a o bolella e ikhethang.
Calculate Basic EPS
Nonyana e bitsoang albatross Inc 2007 Mokholo Ka Mor'a Litefiso – $1,000,000. Eketsehileng ya data a fana mona ka tlase
- 100,000 Sehlopha sa A o bolella ba rata cumulative o bolella, potefoliong palo $ 2,00 / kabelo
- 50,000 Sehlopha sa B o bolella ba rata bao e seng cumulative o bolella, potefoliong palo $ 1,50 / kabelo
- Ha ho Dividend o ile a re kapa leshwa mo ngwageng ono
- Tla ba efe ea palotlase ya tsa motheo tsa EPS bakeng sa Albatross Inc?
Ke lebadi la EPS = Net Moputso - ba rata Dividends
Weighted karolelano ea palo ea o bolella go balelela
Weighted karolelano ea palo ea o bolella ba balwa e le ka ho ya ka mona ka tlase -
Stock Dividends & Stock e petsoha
- A computing weighted karolelano ea palo ea o bolella, Stock dipoelo tse le Stock o arohana ka feela diphetogo mo diyuniti tsa go lekanya, ke ke diphetogo mo thuo ya moputso. A Stock potefoliong kapa e petsoha ka beng ba dishere).
- Ha ho e-Stock potefoliong kapa e petsoha ka le hlaha, go balelela ea weighted karolelano ea palo ea o bolella hloka hore restatement ea o bolella e ikhethang ka pel'a Stock potefoliong kapa e petsoha ka. E sa weighted ke karolo e itseng ea selemo ka mor'a hore Stock potefoliong kapa e petsoha ka etsahetse.
- Ka ho toba, pele a qala tse tharo mehato ea computing ea weighted karolelano, latelang dinomoro e restated ho bonahatsa, liphello tsa Stock potefoliong / e petsoha ka:
- The ho qala tekatekano ya o bolella e ikhethang;
- Ka moka di go ntshiwa kapa ho se reka pele ho oa matsete potefoliong kapa e petsoha ka;
- Ha ho restatement e etswa diabo ile a ntša kapa reka ka mor'a hore letsatsi la ho Stock potefoliong kapa e petsoha ka.
- Haeba Stock potefoliong kapa e petsoha ka le hlaha ka mor'a hore bofelong ba selemo, empa e le pele dikanego tsa matlotlo ba ile a ntša, ea weighted karolelano ea palo ea o bolella e ikhethang bakeng sa selemo (dingwe le dingwe tse lilemo tse fanoa ka bapisang foromo) lokela ho restated.
A bale phello ea Stock e petsoha & Stock Dividends
A bale weighted karolelano ea palo ea o bolella bakeng sa latelang -
Weighted karolelano ea palo ea o bolella ba balwa e le ka ho ya ka mona ka tlase -
Colgate oa Stock Dividends -
Ka lebaka la ea 2013 Stock ba Arohana tsohle histori ka ho ya ka kabelo ya data le palo ya o bolella e ikhethang ba ne ba retroactively fetola. A 2012, ea o bolella e ikhethang ba ne ba 476.1 limilione tse 'me ba hoo e ka bang imenne habeli ho fihlela ho 930.8 limilione tse ka lebaka la tse peli tse-di-e mong Stock e petsoha ka.
mohloli – Colgate 10K mafoforetsane
Diluted EPS
Haeba khampani o na le a rarahaneng a motse-moholo sebopeho, e lokela ho tlaleha tse peli tse EPS lipalo: tsa motheo tsa EPS le diluted EPS.
The balebedi e ka ba e ka ba dilutive kapa-ba khahlanong le dilutive. -Ba khahlanong le dilutive balebedi ba ba e leng holim 'a bobongoli motema kapa ho ikoetlisa keketseho moputso ka ho ya ka ba le kabelo kapa fokotsa tahlehelo ka ho ya ka kabelo. The likelihood of conversion or exercise of anti-dilutive securities is considered remote.
E tswakantsweng EPS e bontša ho palo e kahodimodimo bokgoni ba e bohloko phello EPS haeba dilutive balebedi sokolla ho tloaelehileng Stock. Ka morero ke ho bontša ea “mpe ka ho fetisisa joalo” boemo bo hlalositsoeng. Ka lebaka leo,, tsa go balelela ea diluted EPS ha e nahana ka-ba khahlanong le dilutive balebedi, e leng eketsa EPS. A elaborate diluted EPS, bahlahlobisisi ba lokela ho hlahloba mong le e mong nang le monyetla dilutive tshireletso le batho ka bomong ho bona hore na e ke dilutive kapa-ba khahlanong le dilutive. Tsohle-ba khahlanong le dilutive balebedi ba ya kenyeletswa le a ke ke a sebediswa ho Koala dilutive balebedi.
Ho compute diluted EPS, qala ho tloha tsa motheo tsa EPS 'me joale tlosa o bohloko e le hantle tsohle dilutive balebedi e ikhethang ka nako ya nako.
A elaborate diluted EPS, o bohloko liphello tsa dilutive balebedi ba tlosoa ke fetola tsela ke lebadi le lerei tsa motheo tsa EPS moralo o balletsweng.
- Hlwaya tsohle nang le monyetla dilutive balebedi: e fetohang tlamo, dikgetho, e fetohang ba khetha Stock, e fana ka tiisetso, jj.
- Compute tsa motheo tsa EPS. Phello ea nang le monyetla dilutive balebedi e sa akarelletsa tsa go balelela.
- Hore na phello ea mong le e mong nang le monyetla dilutive tshireletso ka EPS ho bona hore na e ke dilutive kapa-ba khahlanong le dilutive. Joang? Compute ea fetola EPS ho nka ho sokoloha le hlaha. Haeba fetola EPS (>) tsa motheo tsa EPS, ya tshireletso ke dilutive (-ba khahlanong le dilutive).
- Tsa kgetholla tsohle-ba khahlanong le dilutive balebedi ho tloha tsa go balelela ea diluted EPS.
- Sebelisa motheo le dilutive balebedi ho compute diluted EPS.
Phello ea e fetohang molato o ka EPS
Phello Numerator
Holim 'a bobongoli motema, ke lebadi (mokholo ka mor'a litefiso) tsa motheo tsa EPS moralo o balletsweng eketsa ke chelete ea phaello ka litsenyehelo letlooa ea lekhetho amanang le ba eketseha ke chelete ea phaello ka litsenyehelo, letlooa ea lekhetho amanang le ba bokgoni ba tloaelehileng o bolella. Ke hobane'ng ha? Haeba sokoloha, ho na le ne e tla ba a sa thahaselle bakeng sa tlamo, e le chelete teng ho tloaelehileng o bolella tla eketsa ka ho loketseng. Ka mor'a-lekgetho thahasello e sebediswa hobane tlamo thahasello ke lekgetho deductible ha a ntse a letlooa chelete e computed ka ka mor'a-lekgetho motheo oa.
Phello Denominator
Holim 'a bobongoli motema, le lerei (weighted karolelano ea palo ea o bolella e ikhethang) tsa motheo tsa EPS moralo o balletsweng eketsa ka palo ya o bolella bōpiloe ka ho sokoloha, weighted ka nako ea ha tsena o bolella ne e tla ba e ikhethang: palo ya o bolella ka lebaka la na bobongoli motema = par, boleng ba e fetohang tlamo / bobongoli motema theko.
Pele bala diluted EPS, e mong lokela ho hlahloba haeba sena tshireletso ke-ba khahlanong le dilutive. Ho hlahloba hore na ba e fetohang molato ke-ba khahlanong le dilutive, a bale
Haeba palo ena e ke ka tlaase ho tsa motheo tsa EPS, e fetohang molato ke dilutive le lokela ho akarelletsa manollo ea diluted EPS
EPS Mohlala – Effect of convertible debt
A bale weighted karolelano ea palo ea o bolella bakeng sa latelang -
Ka nako ya 2006, KK Enterprise tlaleha letlooa ya lotseno la $250,000 'me a 100,000 o bolella a tloaelehileng a Stock. Ka nako ya 2006, KK Enterprise ile a ntša 1,000 tsa diabe tsa 10%, ka $100 ba rata Stock e ikhethang. A 2006 KK Enterprise ile a ntša, ka par,, 600, $1,000, 8% litlamo tsa ka, mong le e mong e fetohang ka 100 o bolella a tloaelehileng a Stock. Compute ea diluted EPS. Nahana lekgetho le joalo – 40%
Manollo ea Diluted EPS
Phello ea e fetohang ba rata Stock
Phello e Numerator
Holim 'a bobongoli motema, ke lebadi tsa motheo tsa EPS moralo o balletsweng e ne e tla eketsa ke palo ya ba eletsang go dipoelo tse. Haeba sokoloha, ho na le ka be ho se dipoelo tse bakeng sa e fetohang ba rata Stock e le chelete teng ho tloaelehileng o bolella tla eketsa ka ho loketseng. Fapaneng le tlamo mesebetsi e amanang le, ba khetha dipoelo tse ha ba lekhetho deductible.
Phello e Denominator
Holim 'a bobongoli motema, le lerei tsa motheo tsa EPS moralo o balletsweng e ne e tla eketsa ka palo ya o bolella bōpiloe ka ho sokoloha, weighted ka nako ea ha tsena o bolella ne e tla ba e ikhethang: palo ya o bolella ka lebaka la na bobongoli motema = palo ya e fetohang ba khetha o bolella e ikhethang X bobongoli motema le joalo. Nako e ikhethang ne e tla ba sa selemo kaofela haeba ba rata Stock ne a ile a ntša ka selemo se fetileng, kapa le karolwana, ya selemo haeba ba eletsang go Stock e ile a ntša mo ngwageng ono.
Pele bala diluted EPS, e mong lokela ho hlahloba haeba sena tshireletso ke-ba khahlanong le dilutive
Ho hlahloba hore na ba e fetohang ba rata Stock ke-ba khahlanong le dilutive, a bale
Haeba palo ena e ke ka tlaase ho tsa motheo tsa EPS, e fetohang ba rata Stock ke dilutive le lokela ho akarelletsa manollo ea diluted EPS
Mohlala – Phello ea e fetohang ba khetha Stock ka EPS
Ka nako ya 2006, KK Enterprise tlaleha letlooa ya lotseno la $250,000 'me a 100,000 o bolella a tloaelehileng a Stock. Ka nako ya 2006, KK Enterprise ile a ntša 1,000 tsa diabe tsa 10%, ka $100 ba rata Stock e ikhethang, mong le e mong e fetohang ka 40 o bolella. Computed ea diluted EPS. Nahana lekgetho le joalo – 40%
Manollo ea Diluted EPS
Matlotlo Stock Method – Dikgetho le Warrants
Mokhoa ona a qala ho hore dikgetho tse le e fana ka tiisetso ba a sebelisa qalong ea ka selemo sa (kapa letsatsi la taba haeba hamorao) le o tsoela pele ho tloha sa ho sebedisa la dikgetho le e fana ka tiisetso sebelisoa ho reka tloaelehileng Stock bakeng sa matlotlo. Ha ho na phetoho ho letlooa lotseno mo ke lebadi.
Holim 'a ho ikoetlisa ba dikgetho kapa e fana ka tiisetso, khampani o amohela latelang palo ya o tsoela pele: ho ikoetlisa theko ea le kgetho ya X palo ya o bolella ile a ntša ho lipane ba dikgetho kapa e fana ka tiisetso.
- Khampani tla sebelisa o tsoela pele ho tloha sa ho sebedisa la dikgetho le e fana ka tiisetso ho reka khutlela tloaelehileng o bolella ka ka karolelano marakeng theko bakeng sa selemo.
- Letlooa fetola ya palo ya o bolella e ikhethang ke palo ya o bolella ile a ntša ho lipane ba dikgetho kapa e fana ka tiisetso tlase palo ea o bolella e fumanweng a tsoa 'marakeng.
Haeba ho ikoetlisa theko ea le kgetho ya kapa e fana ka tiisetso ke tlase ho na le marakeng theko ea oa matsete, ho hlapholla le hlaha. Haeba e phahameng, palo a tloaelehileng a o bolella ya fokotswa le-ba khahlanong le dilutive e le hantle le hlaha. E qetellang joalo, ho ikoetlisa e sa nahana.
Mohlala – Phello ea Stock Options
Ka nako ya 2006, KK Enterprise tlaleha letlooa ya lotseno la $250,000 'me a 100,000 o bolella a tloaelehileng a Stock. Ka nako ya 2006, KK Enterprise ile a ntša 1,000 tsa diabe tsa 10%, ka $100 ba rata Stock e ikhethang. Holim'a moo, khampani o na le 10,000 dikgetho le otla theko (X) ea $2 le hona joale marakeng theko (CMP) ea $2.5. Computed ea diluted EPS.
Nahana lekgetho le joalo – 40%
Tsa motheo tsa EPS
Diluted EPS
Lerei = 100,000 (tsa motheo tsa o bolella) + 10,000 (a chelete dikgetho) - 8,000 (reka khutlela) = 102,000 o bolella
Colgate oa moputso Per Share Analysis
Re Hlokomela latelang ka Colgate oa moputso Per Share kemiso
mohloli – Colgate 10K mafoforetsane
- Tsa motheo tsa EPS Calculation Methodology - Tsa motheo tsa moputso ka ho ya ka tloaelehileng kabelo e computed ka ho arola letlooa chelete fumaneha bakeng sa ho tloaelehileng stockholders ke weighted-karolelano ea palo ea o bolella a tloaelehileng a Stock e ikhethang ya ka nako e.
- Diluted EPS Calculation Methodology – Diluted moputso ka ho ya ka tloaelehileng kabelo e computed sebelisa ea matlotlo Stock mokgwa wa ka motheong oa weighted-karolelano ea palo ea o bolella a tloaelehileng a Stock garena ea dilutive e le hantle ba ka 'nang tloaelehileng o bolella e ikhethang ka nako ya nako.
- Dilutive bokgoni ba tloaelehileng o bolella kenyeletsa e ikhethang Stock dikgetho le thibeloa Stock diyuniti.
- -Ba khahlanong le dilutive balebedi - E le oa December 31, 2013 , 2012 le 2011 , the average number of stock options that were anti-dilutive and not included in diluted earnings per share calculations were 1,785,032 , 3,504,608 le 3,063,536 , ka ho latellana
- Stock ba Arohana phetoho – Ka lebaka la ea 2013 Stock ba Arohana tsohle histori ka ho ya ka kabelo ya data le palo ya o bolella e ikhethang ba ne ba retroactively fetola.
Joang moputso Per Share e tse amanang le ho Stock Markets
Le fumanang moputso o e emela dipoelo ha di-ya moninga mpe e nkoa e le bohlokoa ka ho fetisisa gage tsa ditjhelete bophelo bo botle ba khampani. Moputso ba tlaleha ka makhetlo a mane ka ngwaga ka ea phatlalatsa ho tse thathamisitsoeng le di le re hlokomela hore patlisiso bahlahlobisisi ba le babeeletsi ba haufi-ufi latela ena moputso nako. Ho hōla ya meputso kapa EPS e ka tekanyo e itseng khampani e kholo ea tshebetso ya yona mme ka tsela ka tekanyo e itseng khutlela bakeng sa motsetedi. Haele Hantle, EPS is directly to the stock markets by way wide tracked wallstreet PE Muliple or Price/EPS ratio. Theola PE multiple length bapisoa le Industry karolelano PE, better it is from the point of view of investments and valuations. Stock theko itšoara joang sharply ho kotara moputso ka lebaka la eona eo e tsoanang mabapi. Ka mohlala, mona ka tlase ke ka ba kabelo theko motsamao oa Blackberry Ltd ka mor'a hore kotara moputso tlaleho. Hlokomela e bohale mekhatlo a oa matsete theko. Ithuta ho eketsehileng ka Enterprise Bohlokoa le Equity Bohlokoa mona
Tse ling tse Resources le hore le ka rata
- CFA ba qalang Guide
- Terminal Bohlokoa selelekela
- Top 4 Lokela ho Tseba Investment Banking lichate
- Alibaba IPO Valuation Model
Seo latelang?
Haeba u ile a ithuta le ntho e ncha kapa thabela poso, ka kōpo siea ho hlahisa maikutlo mona ka tlase. Ntsebisa seo u se nahana. Ba bangata ba leboha 'me ba hlokomele. Happy ho Ithuta!


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Date de sortie :
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Tsohle dipholo tsa beke
E tsamaisoa ke :
Hélène Room
Hammoho Le :
Athalia Road
Galatea BELLUGI
Najaa Bensaid
Eohle ho lahla
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Tlhahiso Year : 2014
Distributor :
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