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传统的杜邦财务分析体系,由美国杜邦公司在20世纪20年代首创,但随着现代经济发展,投融资需求加大,传统的杜邦财务分析的各项弊端已经逐渐暴露,如计算权益报酬率的“总资产”和“净利润”不匹配,没有区分经营活动和金融活动,没有区分有息负债和无息负债等,传统的杜邦财务分析体系已经不能满足管理者对企业现代管理的需求。在现阶段的企业管理中,经济增加值(EVA)是经实践证明的有效业绩评价指标,EVA指标在经济利润的基础上,从衡量经营
The traditional DuPont financial analysis system was first initiated by DuPont in the 1920s. However, with the development of modern economy and the increasing demand for investment and financing, the defects of the traditional DuPont financial analysis have gradually been exposed. For example, the calculation of the return on equity “Total assets ” and “net profit ” do not match, there is no distinction between business activities and financial activities, there is no distinction between interest-bearing liabilities and interest-free liabilities, the traditional DuPont financial analysis system can no longer meet the management of modern enterprise management The demand. In the current stage of business management, the EVA is a proven index of effective performance. Based on the economic profit,