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請(qǐng)問(wèn)老師,在進(jìn)行股權(quán)投資時(shí),資本金財(cái)務(wù)內(nèi)部收益率,稅后動(dòng)態(tài)投資回收期,項(xiàng)目利潤(rùn)率及全部投資稅后財(cái)務(wù)內(nèi)部收益率,這幾項(xiàng)的控制指標(biāo)應(yīng)該在什么范圍?超過(guò)多少不能進(jìn)行投資?沒(méi)超過(guò)可以進(jìn)行投資?
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同學(xué)你好
動(dòng)態(tài)回收期是考慮資金的時(shí)間價(jià)值時(shí)收回初始投資所需的時(shí)間,應(yīng)滿(mǎn)足下式:
Pt =(累計(jì)凈現(xiàn)金流量現(xiàn)值出現(xiàn)正值的年數(shù)-1)+上一年累計(jì)凈現(xiàn)金流量現(xiàn)值的絕對(duì)值/出現(xiàn)正值年份凈現(xiàn)金流量的現(xiàn)值
1)Pt ≤Pc(基準(zhǔn)投資回收期)時(shí),說(shuō)明項(xiàng)目(或方案)能在要求的時(shí)間內(nèi)收回投資,是可行的;
2)Pt >Pc時(shí),則項(xiàng)目(或方案)不可行,應(yīng)予拒絕
2022 06/28 09:37
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2022 06/28 09:43
好的,謝謝老師,另外幾項(xiàng)的指標(biāo)呢?
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2022 06/28 09:46
同學(xué)你好
資本金財(cái)務(wù)內(nèi)部收益率的計(jì)算公式為:∑CI-CotX1+FIRR-t=0,t=1-n。資本金財(cái)務(wù)內(nèi)部收益率是指項(xiàng)目在整個(gè)計(jì)算期內(nèi)各年財(cái)務(wù)凈現(xiàn)金流量的現(xiàn)值之和等于零時(shí)的折現(xiàn)率,也就是使項(xiàng)目的財(cái)務(wù)凈現(xiàn)值等于零時(shí)的折現(xiàn)率
動(dòng)態(tài)投資回收期是指在考慮貨幣時(shí)間價(jià)值的條件下,以投資項(xiàng)目?jī)衄F(xiàn)金流量的現(xiàn)值抵償原始投資現(xiàn)值所需要的全部時(shí)間。即:動(dòng)態(tài)投資回收期是項(xiàng)目從投資開(kāi)始起,到累計(jì)折現(xiàn)現(xiàn)金流量等于0時(shí)所需的時(shí)間
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