Asethi Factor ukuhamba: ifomula. Uhlalutyo lwezimali

Yinto akukho mfihlakalo ukuba uzinzo yokusebenza kwezimali kuwo onke ishishini ixhomekeke ubukhulu becala lokufunda nokubhala kunye awushiye imali izibonelelo zemali kwi-asethi. Kungenxa yoko le nto ukuba uvandlakanyo esemgangathweni kuyimfuneko ukufunda ulwakhiwo mhlaba, ngokunjalo ke imithombo lasungulwa kunye nezizathu utshintsho yabo. Hi ndlela leyi, iinkcukacha ezingakumbi, njengoko umthetho, alungise oonobangela echaphazela imeko yemali isakhiwo.

Uvavanyo lemveliso

Ekuqaleni, ngokutsho intsalela kuyacetyiswa ukuba ukumisela ixabiso elipheleleyo ubume kwepropati ngomhla wokunika ingxelo ethile. Kweli nqanaba kuyimfuneko ukuchonga zokwahluka ngohlobo ngalunye lwepropati ngokuthelekisa ulwazi ekuqaleni nasekugqibeleni kweso sithuba kwengxelo. Kufuneka kuqatshelwe ukuba izifundo oluneenkcukacha utshintsho kubume kufuneka ukubala ngakumbi umyinge nganye kwezi ntlobo-asethi kwi lwemali, thaca kwiphepha lomncono, kwakunye ukufundisisa ezibangela ukuba utshintsho kumaziko kwipropati.

Inyathelo elilandelayo

Okulandelayo, kusengqiqweni ukuqwalasela Dynamics nomlinganiselo-asethi zangoku kunye non-ngoku, kwakunye ukubala ukushukumiseka ngumba propati. Le fom kunilungele ezinjalo intelekelelo ezisekelwe izibalo data:

• Kwimeko yokwandisa asethi zangoku nokunciphisa asethi ezisisigxina kubume ibonakala ukuthambekela of lunikezelo negotiability ezimbaxa propati. Kulo mzekelo, isiphumo idla ngokuba yinxalenye wokukhulula iindlela kunye notyalo-mali ethile elifutshane (Kakade ke, ukuba ipesenti eyandileyo amanqaku eboniswe).
• Ukuze ukuchaza kakuhle ipropati, kufuneka babale ukushukumiseka ngumba propati. Uchazwa nje umlinganiselo wexabiso kwepropati, asethi zangoku kwi ixabiso lepropati. ). Ukuziqhelisa, oko ngolu hlobo lulandelayo: CIP = OA / XB (ukushukumiseka kwempahla factor). Ifomula, njengokuba ubona, ilula.

Yintoni enye?

Inyathelo lokugqibela kwinqanaba lokuqala ukubala Kmoa. Factor yokusebenza ukushukumiseka ezinkulu kuboniswa umlinganiselo icandelo labo ukuhamba iphezulu (iimali kuphela, kodwa utyalo-mali) ukuya iindleko zizonke OA. Okubalulekileyo, ukunyuka kule okuza ngentla apha isiqinisekiso lunikezelo impahla negotiability isakhiwo entsonkothileyo kakhulu.

ukushukumiseka factor elijikeleza kuthetha na ngolu hlobo lulandelayo: Kmoa = (DS + CDPF) / OA.

Kufuneka kuqatshelwe ukuba inqanaba elisezantsi OA ukushukumiseka - kusoloko kukho into engalunganga. Le izinga eliphezulu lokubuya kwisakhiwo imveliso ye, ngokubanzi, idilesi kwizibonelelo simahla ukwandisa nokwandisa imveliso.

Uhlalutyo amandla yemveliso

Yinto akukho mfihlakalo ukuba imeko yemali nasiphi na isakhiwo ngenxa imisebenzi yayo imveliso. Yiyo le nto kufuneka ukuba kuhlolwe ngokuchanekileyo isakhono semveliso, nekufuneka ibandakanye kuhlalutyo yayo;

• asethi ezisisigxina.
• Sebenza inkqubela.
• Ipropati ngeenjongo zemveliso.
• iindleko ngekhadi.

Kubalulekile kukuba la manqaku ezingenisiweyo ziqulethe ii-asethi kuphela yokwenene kubume bayo. Bona isenza isakhiwo kwamandla kwisicwangciso kwimveliso (ukuvumela headroom kunye t. D.).

Iimpawu amandla yemveliso

Ukuze angenise ngokufanelekileyo isakhono semveliso, ezi mpawu zilandelayo:

• Movement, kwakunye nesabelo kweempahla ngeenjongo zemveliso-asethi zizonke.
• Movement, kwakunye ezithile ubunzima yokusebenza ixabiso elipheleleyo lempahla lweshishini.
• Factor OS izibuko.
• izinga ekuqengqelekeni kwexabiso avareji.
• Ukubakho nemiba, kwakunye nesabelo-mali kulwakhiwo, ulwalamano lwabo kunye zezimali.

iziphumo

Ukwandisa isabelo asethi ngeenjongo zemveliso ekupheleni konyaka yaye inxalenye enkulu-asethi enxulumene kwi zizonke asethi Isakhiwo lidla ngaye ukwanda kakhulu kwenani kwimveliso. Kubalulekile ukuba uqaphele ukuba eli nani kufuneka ubuncinane i-50 ekhulwini (xa kuthelekiswa isiseko, njengoko umthetho, uthabathe loo metric isebe ngokwalo standard). Isabelo exabiso asethi ezisisigxina ixabiso lilonke mali Isakhiwo zibalwe lulwahlulo ixabiso intsalela lokusebenza kwenkqubo ukuya kwiphepha lomncono. Loo ubalo idla ekuqaleni nasekupheleni lokunika ingxelo. Amanani elililo, ziboniswe apha kuhlalutyo, xa kuthelekiswa nemigangatho (olufanelekileyo zonke izakhiwo loshishino).

Emva yokubala banxibe lomlingani (ngamanye amagama, damping) langena iimpawu esemgangathweni utshintsho yayo. Ukuze kuhlolwe ngokufanelekileyo amandla lokuhla OS isicelo lokuhla avareji (umlinganiselo wamaxabiso ukuya isixa ixabiso lokuqala OS).

Uhlalutyo ubume kunye neentshukumo of mobile

Ngokusekelwe uhlalutyo lwesakhiwo indlela mobile (., Khangela ngentla ukuhamba kwempahla factor) luyasebenziseka ingqalelo iinguqu ezenzeka kwi OS ngokubanzi, emva koko - ngokwemeko amanqaku ezithile. Kufanelekile ukuba siqwalasele unobangela utshintsho imali esebenza:

• Inzuzo (emva zonke iirhafu zihlawulwa).
• Ukwehla.
• Ulwando zenkampani imali yakhe.
• Ukuphakamisa ityala kwi mboleko okanye mboleko.
• Ukwandisa ukuzibophelela malunga namatyala amele ukuhlawulwa.

Ukwehla kwemali yokusebenza

Izizathu eziphambili zezi ukuncitshiswa yokusebenza izinto ezinkulu ezilandelayo:

• iindleko ezithile ehlanganiswa iingeniso eseleyo kwi ukuchithwa ngokwesakhiwo esithile.
• utyalo Capital.
• investment zexesha elide mali.
• A ukuhla kakhulu-akhawunti ezibhatalekayo.

Kufuneka kuqatshelwe ukuba xa kuchongwa amanani ngokugqibeleleyo wenza uhlolo olupheleleyo, kuyimfuneko ukubala amaxabiso ekusetyenzisweni ngempumelelo propati.

Ngumlingani ukuzimela mali lwexesha elide

Njengoko sele kutshiwo ngentla apha, ukuze kuhlolwe izakhono lokukhula kusetyenziswa inani indicators. Factor kwempahla ukuhamba, kuxoxwe ngasentla, echaza isakhiwo kushishino-ngqo. Kodwa ezoqoqosho, kukho eziliqela esetyenziswa kuphononongo kwimveliso. Ngoko ke, umlinganiselo zamatyala equity kwaye ixesha elide ukuya asethi zizonke ibonisa isabelo-mali zakho kule mali iyonke imithombo yemali. Okubalulekileyo, le Ixabiso elicetyiswayo kule meko 0.8-0.9. uzinzo factor - igama yenzululwazi le ratio. Ukungqinelana nomgaqo-Russian izinga ingxelo-mali ibalwa ngolu hlobo lulandelayo:

(SK + ukuya) / XB = (p. 1300 Form 1 + Kk. 1400 Form 1) / p. 1700 Form 1.

analysis Isalathisi

uzinzo factor idla kuhlalutywa Dynamics. Ngenxa yoko, eyandayo kungachazwa isakhiwo ukukhula kwamashishini, ukwandisa umthamo imveliso, ukusebenza kunye nenkqubo yolawulo yayo. Ngokusengqiqweni, ukuncipha kwale ratio kubonisa ukuhla imali, ngokulandelelanayo, ukudodobala kwi sakhiwo. Kubalulekile ukuqaphela ukuba izinga eliphezulu ukukhula koqoqosho, inkampani unako ukufikelela kuphela ukuba iingeniso kubangela ukuba uyityala (okt shi).

Ukungavumelani kwe ungonakala zokuqikelela

Kwimeko efumanise imandundu kwi imeko yemali lwesakhiwo kwangethuba kwaye likuthintele ukwenzeka sokutshona, Kakade ke, kunokwenzeka ukuba ukuthintela ukuwa kweli shishini. Kungenxa Kwimeko enje ngale yaye isicelo izinga eliqikelelweyo of ungonakala. Le ndlela iqhele ukusetyenziswa yi umhlaziyi ukuhlola yokuhlawula amatyala kunye nentlalo-ntle ngokubanzi kwinkampani.

Lithetha ukuthini ungonakala ngelizwi? Ngokungqinelana ne nengqiqo ethunyelwe sokugweba arbitral, eli gama ichazwa njenge uhlobo imeko yemali mboleki, xa akanawo amandla ukuhlangabezana neemfuneko abatyalwayo okanye ukuhlawula iintlawulo umyalelo.

inkqubo ungonakala iye iinjongo ezimbini eziphambili: ukuphelisa le isikweliti abatyalwayo kunye nokufunyanwa olupheleleyo, ngokunjalo ekomelezeni ngakumbi imisebenzi yenkampani. Njengomgaqo, abezoqoqosho zilawulwa iindlela ezintathu ezinokukunceda ukuchonga ukwehla kunokwenzeka yokuhlawula amatyala yequmrhu elisemthethweni. Phakathi kwabo, ukubalwa ratio yokuhlawula amatyala, okubonisa Umlinganiselo yokuhlawula amatyala, kwakunye nokusetyenziswa kwenkqubo kweekhrayitheriya isimilo unformatted. Le ndlela yenza kube lula ukuba ukuchonga nokuphambuka kunokwenzeka nangoku xa usaqala, yaye ngaloo ndlela kukhawulezisa neutralization yingozi. Bakha inkqubo yolawulo inkampani ethile ukwenzela ukuthintela ntlekele, kuquka:

• Ukubeka iliso iimeko zoqoqosho eziveliswa ngendlela eqhubekekayo.
• Uhlalutyo ezinye izinto ezinxaxhileyo kwikhondo umgangatho imisebenzi yenkampani, ngokunjalo nohlolo nobungakanani imandundu.
• Ukuchongwa ezinokuphembelela kakubi ezichaphazela meko.
• Ukukhangelwa iinketho sokubuyiselwa kwemali yequmrhu.

Kufuneka kuqatshelwe ukuba enye iimpawu eziphambili amatyala kwezoqoqosho yequmrhu esemthethweni ukuthingaza amabango abatyalwayo kubulawa 'isithuba seenyanga ezintathu ukususela kumhla komsebenzi theoretical component nezibophelelo.

isiphelo

Imeko yezimali iqumrhu elisemthethweni zinokuchaphazeleka zizinto, bobabini njengenjongo luluvo. Zibalulekile ukuba siqwalasele ukuze ngaphambi ukuvavanya ubungozi amatyala. Ngoko ke, ukuba imiba luluvo kufuneka ibandakanye anti-ukurhweba yaligqiba izifundo ezinomsebenzi wezandla, umlinganiselo ukuncitshiswa "ixabiso-ixabiso", inqanaba aphantsi inzuzo, ukwanda njengenkcitho nokwandisa liability. Injongo izinto zithathwa njengokuba iingxelo engazaliswanga ngokupheleleyo okanye ngokungachanekanga, ukugcinwa yabo, ukunyuka umlinganiselo kwamatyala ukuya asethi kwicala debit le, abanye izitenxo kwiphepha lomncono, kwakunye nokukhula illiquidity (phofu ecothayo-).