摘要

正确评估我国企业的经营业绩,财务分析是极其重要的,其中杜邦财务分析方法是最适用我国企业经营业绩评价的财务分析方法。财务分析不仅可以用于评价过去和反映现状,更重要的是它可通过对过去与现状的分析与评价,估价企业的未来发展状况与趋势,所以,利益相关者通过分析企业的财务报表,可以了解企业的运营情况、财务情况和盈利情况,从而对企业的经营业绩作出正确评价。加之,企业经营管理方面的问题最终都会反映为财务问题,财务管理水平的高低直接影响到企业的成败,而企业财务管理水平的高低最终要通过财务分析结果来显示。因而,可以说非财务方面的信息是财务分析的验证与补充。

本文首先在分析现有财务分析方法的基础上,指出了杜邦财务分析方法是最适合对企业经营业绩进行评价的综合财务分析方法。其次,对杜邦财务分析方法进行了系统分析论述了杜邦分析法存在的理论依据及其不断发展的原因和在我国应用的可能性与必要性,指出了杜邦分析法并非尽善尽美,分析了杜邦理论在对企业进行财务分析时的缺陷。再次,在改造杜邦财务分析体系之前,论证了杜邦财务分析方法的实质因素分析法,分析了因素分析法的缺陷,用积分法对其缺陷进行修正,进而解决了准确计算各因素指标对经济指标的影响程度这一难题。在此基础上,考虑到企业财务指标的特殊性,结合杜邦体系自身的局限性,提出了两种更加适合企业的杜邦财务分析理论,并分析了改进后的杜邦理论在我国应用的可能性。最后,探讨了企业杜邦财务分析方法理论的完善这一问题。总之,本文对杜邦财务分析理论进行了系统研究,目的为了提升杜邦财务分析方法的实用性,拓宽杜邦理论的应用领域。

关键词：杜邦财务；分析体系；财务比率；

ABSTRACT

The correct evaluation of our business performance, financial analysis is very important, which is the most suitable method of DuPont financial analysis of enterprise performance evaluation in China’s financial analysis method. Financial analysis can not only for evaluation of the past and reflecting the present situation, more important is it can be passed to past and current situation analysis and evaluation, of the valuation of enterprise future development situation and trends, so stakeholders through the analysis of enterprise’s financial statements can understand the business operations, financial status and profitability, to make a correct evaluation of enterprise business performance. In addition, the problem of enterprise management will eventually reflect the financial problems, financial management level directly affect the enterprise’s success or failure, and the level of financial management level of enterprises eventually to through financial analysis results to show. Therefore, non financial information can be said to be the complement and verification of financial analysis.

On the basis of analyzing the existing methods of financial analysis, this paper points out that the DuPont financial analysis method is the most suitable comprehensive financial analysis method to evaluate the business performance. Secondly, to DuPont financial analysis methods were system analysis discusses the DuPont analysis method has theoretical basis and continuous development and in the necessity and possibility of the application of our country. It is pointed out that the Du Pont system is not perfect, analyzes the defects of DuPont theory of enterprise financial analysis. Again, prior to transformation of Du Pont financial analysis system, demonstrates the DuPont financial analysis method of substantive factor analysis method, analyze the defects of the factor analysis method, integral method is used to amend the defects, so as to solve the problem of accurate calculation of the index of economic indicators influence degree of the problem. On the basis of this, considering the particularity of enterprise financial indicators, combined with the limitations of DuPont system proposed two more suitable for enterprise of DuPont financial analysis theory, and analyses the improved DuPont theory in the possibility of application in our country. Finally, to improve the enterprise DuPont financial analysis method in the theory of this problem. In conclusion, this paper made a systematic study on the theory of DuPont financial analysis, in order to enhance the practicability of DuPont financial analysis method, to broaden the applications of DuPont theory.

KEY WORDS： DuPont financial； Analysis system; financial ratios;

摘要……………………………………………………. 2

ABSTRACT………………………………………………….. 3

1绪论…………………………………………………… 6

1.1选题的背景与意义…………………………………….. 6

1.1.1选题的背景……………………………………… 6

1.1.2研究意义……………………………………….. 6

1.2国内外研究综述………………………………………. 7

1.2.1国外研究综述……………………………………. 7

1.2.2国内文献综述……………………………………. 8

1.3主要研究内容及框架………………………………….. 10

1.4研究思路及方法……………………………………… 10