摘要：企业盈利能力评价指标对企业利益相关者和投资者来说至观重要。该指标通过专门的分析方法来判断企业获取利润的能力，分析企业各环节的经营结果。但是，现行的企业盈利能力评价指标存在一定的局限性:销售利润率中的收入与费用无法实现配比原则；总资产净利率中的债权人和股东的收益未明确区分，容易混淆；现行盈利能力评价指标注重资产负债表和利润表，却唯独忽略了现金流量表等。传统的杜邦分析体系也存在种种缺陷：缺少对现金流量表的分析；无法反映上市公司重要的财务指标；偏重企业短期收益等。针对上述的种种不足，本论文以罗莱家纺的财务报表为例，运用完善后的盈利能力评价指标和财务分析体系，对其在企业的应用和有效性进行探讨和研究。9307
关键词：盈利能力评价指标；杜邦分析法；财务分析体系；净资产收益率
Application and Discussion of Current Profitability Evaluation Index
Abstract: Profitability evaluation index is of great significance to stakeholders and investors. Using this index in some analysis methods, through analysis and judgment to identify whether enterprises can profit, it is also useful for each link of enterprise operation result analysis. However, profitability evaluation index of current enterprise has some limitations: income and cost of sales profit rate cannot reach matching principle; net interest rate in the total assets of the creditors and shareholders are not clearly differentiated, easily confused; current profitability index put too much attention on the balance sheet and income statement, but ignore the cash flow statement. There are many defects of traditional DuPont analysis system: Lack of analysis of the cash flow statement；It cannot reflect important financial index of the listing Corporation；Pay too much attention on short-term profit .Aiming at the above shortcomings; we take financial statements of LUOLAI HOME Textile Company Limited as an example, using the improved profitability index and system of financial analysis in order to make discussion and researches on the application and effectiveness of the enterprise.
Keywords: Profitability evaluation index；DuPont analysis；Financial analysis system；Rate of return on net assets
目 录
引言 1
一、企业盈利能力评价指标的概述 2
（一）盈利能力评级指标的作用 2
（二）盈利能力评级指标的分类 2
（三）杜邦分析体系中的盈利能力评级指标 2
（四）现行盈利能力评级指标存在的缺陷 2
二、企业盈利能力评价指标的改进与补充 4
（一）企业盈利能力评价指标计算公式的改进 4
1、销售利润率指标的改进 4
2、成本费用利润率指标的改进 4
3、总资产净利率指标的改进 4
（二）结合现金流量表，补充现行盈利能力评价指标 5
1、销售收入现金率 5
2、总资产现金回收率 5
3、筹资能力率 5
三、杜邦分析体系的改进 6
（一）杜邦分析体系的概述 6
1、杜邦分析体系的结构 6
2、杜邦分析体系的作用 7
3、杜邦分析体系的缺陷 7
（二）完善杜邦分析体系 7
1、引入每股收益作为新体系的核心指标 8
2、引入每股净资产指标 8
3、增强对现金流量表的运用 8
四、实例运用——基于罗莱家纺公司的财务报表 10 企业盈利能力评价指标的应用和探讨:http://www.751com.cn/kuaiji/lunwen_7967.html