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杜邦分析法又称杜邦财务分析体系,简称杜邦体系,是以净资产收益率为核心比率,对企业财务状况和经济效益进行综合系统分析评价的方法。本文首先对杜邦分析法的基本理论进行了阐述,然后通过对TCL集团公司2015、2016年财务报表的分析比较,介绍了杜邦分析法的实际应用。主要利用因素分析法对净资产收益率的驱动因素进行了分析,并进一步对引起销售净利率、总资产周转率、权益乘数的变动因素进行了分解,分析了主要因素变动的原因及其影响,并提出相应建议。
DuPont analysis, also known as DuPont financial analysis system, referred to as the DuPont system, is the return on equity as the core ratio of the financial status of enterprises and economic benefits of a comprehensive system analysis and evaluation methods. This paper first expounds the basic theory of DuPont Analytical Method, and then introduces the practical application of DuPont Analytic Method through the comparison and analysis of TCL Corporation’s 2015 and 2016 financial statements. It mainly analyzes the driving factors of return on net assets by means of factor analysis and further decomposes the factors that cause the sales net profit margin, total assets turnover rate and equity multiplier, and analyzes the reason and influence of the main factors change , And put forward corresponding suggestions.