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Due to the nature of operation and continuously the cash flow different from a normal production company, the analysis is quite difficult to approach the analysis and assessment of financial situation of the bank. However, we approach the quantitative angle, through the evaluation of the profitability of the bank, namely ROE and ROA indicators. Combining these indicators (in many quantitative methods) and qualitative analysis, the analyst can achieve their purpose .Return on equity (ROE Return on assets (ROA The note when analyzing ROE, ROA Apply for the banking sector For the banking sector, ROE is at the threshold: Current ratio 2. Quick ratio 3. Cash Ratio 4. EPS 5. PE 6. Book value 7. PB 8. Tỷ suất lợi nhuận thuần( net profit ratio) 9. Tỷ suất lợi nhuận gộp( gross profit margin) 10. Lợi nhuận biên từ hoạt động kinh doanh( operating profit margin from business) 11. EPS cơ bản (Earning per share) 12. Hệ số nợ( debt ratio) 13. Tỷ số khả năng trả lãi( times interest earned) 14. Tỷ số khả năng trả nợ 15. Tỷ suất tự tài trợ( self – fanancing rate) 16. Tỷ suất tự tài trợ TSCĐ( self – fanancing rate fixed asset) 17. Hệ số vòng quay hàng tồn kho (Inventory turnover) 18. Hệ số vòng quay các khoản phải thu (Receivable turnover) 19. Hệ số vòng quay các khoản phải trả (Payable turnover) 20. Kỳ thu tiền bình quân (Days of sales outstanding) 21. Hệ số vòng quay tài sản cố định (Fixed asset turnover) 22. Hệ số vòng quay tổng tài sản (Asset Turnover Ratio) 23. Kỳ chuyển đổi hàng tồn kho (Days of inventory on hand) 24. Kỳ chuyển đổi các khoản phải thu (Days of Sales Outstanding DSO) 25. Kỳ chuyển đổi các khoản phải trả (Days of Payables Outstanding DPO) 26. Kỳ chuyển tiền mặt (Cash Conversion Cycle CCC)
Những số tài sử dụng để đánh giá ngân hàng Due to the nature of operation and continuously the cash flow different from a normal production company, the analysis is quite difficult to approach the analysis and assessment of financial situation of the bank However, we approach the quantitative angle, through the evaluation of the profitability of the bank, namely ROE and ROA indicators Combining these indicators (in many quantitative methods) and qualitative analysis, the analyst can achieve their purpose 1.Return on equity (ROE) is the return index, calculated by dividing the net profit divided by average equity for the period Return on assets (ROA) is the index of profitability for the company said net profit gain from a co-investment in total assets, calculated by dividing the net profit for the period divided by the average total assets in the period The note when analyzing ROE, ROA - Apply for the banking sector When analyzing any other company, which analysts note twhen compared, we need to learn ROE, ROA of the industry, if the details of the business rather than the similarities, opponents being analyzed now The essence of every sector very different, there is capital-intensive industry, with the industry relies heavily on financial leverage Therefore, ROE, ROA of different sectors are quite different, unable to look at sectors this ROE, ROA to conclude that the sector less attractive to investors than other sectors When calculating the ROE, ROA, the formula for calculating the numerator are the same, however, because the denominators are different, the results are different ROA in some cases will be recommended to be used more as ROE, by taking into account indicators of capital structure, between equity and debt There are businesses that have high ROE (vs industry), however, can rely heavily on borrowing Therefore, effective use of capital is not really effective For the banking sector, ROE is at the threshold: + Less than 10%: the ability to generate profits of that bank efficiency is poor + 10% -20% From: banking operations for normal profit + Greater than 20%: banks generate higher profits while using equity ROA for the banking sector if located at the threshold: + 0.5% smaller: less profit, often state-owned banks, the banks borrow more in debt on the balance sheet, or setting up backup after new lending hit a low ROA like this + 0.5% -1% From: most of the banking market are in this group + 1% -2% From: healthy profits From 2% -2.5% +: good profits, but should pay attention to the unusual pattern of activity (by the bank monopoly), or the banks involved in the highly profitable business for travel associated with high risk Larger + 2.5%: abnormal, should be cautious and carefully considered by the activities of the bank risks Những số tài doanh nghiệp Current ratio Quick ratio Cash Ratio EPS P/E Book value P/B Tỷ suất lợi nhuận thuần( net profit ratio) Tỷ suất lợi nhuận gộp( gross profit margin) 10 Lợi nhuận biên từ hoạt động kinh doanh( operating profit margin from business) 11 EPS (Earning per share) 12 Hệ số nợ( debt ratio) 13 Tỷ số khả trả lãi( times interest earned) 14 Tỷ số khả trả nợ 15 Tỷ suất tự tài trợ( self – fanancing rate) 16 Tỷ suất tự tài trợ TSCĐ( self – fanancing rate fixed asset) 17 Hệ số vòng quay hàng tồn kho (Inventory turnover) 18 Hệ số vòng quay các khoản phải thu (Receivable turnover) 19 Hệ số vòng quay các khoản phải trả (Payable turnover) 20 Kỳ thu tiền bình quân (Days of sales outstanding) 21 Hệ số vòng quay tài sản cố định (Fixed asset turnover) 22 Hệ số vòng quay tổng tài sản (Asset Turnover Ratio) 23 Kỳ chuyển đổi hàng tồn kho (Days of inventory on hand) 24 Kỳ chuyển đổi các khoản phải thu (Days of Sales Outstanding - DSO) 25 Kỳ chuyển đổi các khoản phải trả (Days of Payables Outstanding - DPO) 26 Kỳ chuyển tiền mặt (Cash Conversion Cycle - CCC) ... (Earning per share) 12 Hệ số nợ( debt ratio) 13 Tỷ số khả trả lãi( times interest earned) 14 Tỷ số khả trả nợ 15 Tỷ suất tự tài trợ( self – fanancing rate) 16 Tỷ suất tự tài trợ TSCĐ( self – fanancing... 2.5%: abnormal, should be cautious and carefully considered by the activities of the bank risks Những số tài doanh nghiệp Current ratio Quick ratio Cash Ratio EPS P/E Book value P/B Tỷ suất lợi nhuận... – fanancing rate fixed asset) 17 Hệ số vòng quay hàng tồn kho (Inventory turnover) 18 Hệ số vòng quay các khoản phải thu (Receivable turnover) 19 Hệ số vòng quay các khoản phải trả (Payable