同仁堂2009年度偿债能力分析报告.doc

同仁堂2009年度偿债能力分析报告 一、同仁堂2009年偿债能力指标的计算 （一）?2009年同仁堂的短期偿债能力指标 ?1、流动比率=流动资产÷流动负债 =3,798,905,054.99÷974,681,865.26= 3.90 ?2、应收账款周转率=主营业务收入÷[(期初+期末)应收帐款/2] = 3,250,219,884.27÷[（298,385,249.46 + 330,891,674.76）÷2]= 10.33 ?3、存货周转率=主营业务收入成本÷[(期初+期末)存货÷2] = 1,820,405,717.11÷[(1,815,105,741.41 +1,780,483,653.92)?÷2]=1.01 ??4、速动比率=(流动资产-存货)÷流动负债 =( 3,798,905,054.99 - 1,815,105,741.41)÷974,681,865.26 =2.04 5、现金比率=(货币资金+短期投资净额)÷流动负债 =( 1,599,955,454.46 +0)?÷974,681,865.26=1.64 2008年同仁堂的短期偿债能力指标 流动比率=流动资产÷流动负债 =3401031369.24÷842117738.21=4.04 应收账款周转率=主营业务收入÷[(期初+期末)应收帐款/2] =2939049511.33÷[(339918440.25+330891674.76 )÷2]=8.76 3、存货周转率=主营业务收入成本÷[(期初+期末)存货÷2] =1721837973.25 ÷[(1501477547.58+1780483653.92 )÷2]=1.05 4、速动比率=(流动资产-存货)÷流动负债 =(3401031369.24 -1780483653.92 ) ÷842117738.21 =1.92 5、现金比率=(货币资金+短期投资净额)÷流动负债 =(1180364784.08+0 ) ÷842117738.21 =1.40 2007年同仁堂的短期偿债能力指标 ?1、流动比率=流动资产÷流动负债 =3007190421.08÷792341331.58=3.80 ?2、应收账款周转率=主营业务收入÷[(期初+期末)应收帐款/2] =2702850939.13÷［（268492556.98+339918440.25）÷2］=8.88?=1613257135.37÷［（1380590280.37+1501477547.58）÷2］=1.12（3007190421.08-1501477547.58）÷792341331.58=1.90（3007190421.08+0）÷792341331.58=1.12?=( 1,009,311,789.15÷4,922,265,936.42)×100%=20.51% 2、产权比率=(负债总额÷所有者权益总额)×100% =(1,009,311,789.15÷3,912,954,147.27)×100%=24.91% 3、有形净值债务率=[负债总额/(股东权益-无形资产净值)]*100% =[1,009,311,789.15÷(3,912,954,147.27-98,208,678.95)]×100%=25.55% 4、利息偿付倍数=(税后利润+所得税+财务费用)/财务费用? =( 388,292,409.84 + 72,084,704.00 -2,075,803.70)/ -2,075,803.70 = -220.78 2008年同仁堂的长期偿债能力指标 1、资产负债率=(负债总额/资产总额)*100% =（872085332.84÷4550072456.13 ）×100%=19.17% 2、产权比率=(负债总额÷所有者权益总额)×100% =(872085332.84 ÷3677987123.29 ) ×100%=23.71% 3、有形净值债务率=[负债总额/(股东权益-无形资产净值)]*100% =[872085332.84 ÷(3677987123.29 02)] ×100%=24.37%? 4、利息偿付倍数=(税后利润+所得税+财务费用)/财务费用? =(415931939.66+4784178.98 ) ÷4784178.98=87.94 2007年同仁堂的长期偿债能力指标 1、资产负债率=(负债总额/资产总额)*100% =（814329930.71÷4194676558.16）×100%=19.41%=（814329930.71÷3380346627.45）×100%=24.09%=［814329930.71÷(2660760316.1841)］×100%=31.21%=(3