1. Analysis of profitability related to investment
Profitability analysis related to investment mainly analyzes and evaluates return on total assets and ROE.
2. Profitability analysis related to sales.
Profitability analysis of commodity operation is to analyze profit rate by using income statement data, including income profit rate analysis and cost profit rate analysis. In order to analyze the factors of profit rate, it is necessary to analyze the factors of sales profit.
3. Profitability analysis of listed companies
Profitability analysis of listed companies includes earnings per share, return on net assets, dividend payment rate and price-earnings ratio.
Profitability analysis is the focus of enterprise financial analysis, such as financial structure analysis and solvency analysis. Its fundamental purpose is to find problems in time through analysis, improve the financial structure of enterprises, improve their solvency and management capabilities, and ultimately improve their profitability and promote their sustained and stable development. The analysis of enterprise profitability mainly refers to the analysis of profit rate.
Extended data
There are many indicators used in the after-tax profit analysis of joint-stock companies, including profit per share, dividend per share and price-earnings ratio.
1, profit per share
Earnings per share of a joint-stock company refers to the after-tax profit per share of common stock. The profit in this indicator is the after-tax profit after deducting the income tax payable from the total profit. If preferred shares are issued, the dividends due to the preferred shares shall be deducted, and then divided by the number of shares in circulation, that is, the average number of ordinary shares issued. Its calculation formula
Profit per share of common stock = (after-tax profit-preferred stock dividend)/number of shares in circulation
2. Dividend per share
Dividend per share (DPS) is the ratio of total dividends to the number of shares outstanding.
Total dividend is the total amount used to distribute cash dividends to common shares, and the number of shares in circulation is the average number of common shares issued by enterprises. The calculation formula is as follows:
Profit per share = total dividend/number of shares in circulation
Dividend per share is an index reflecting the dividend received by a joint-stock company per common share.
The level of dividend per share, on the one hand, depends on the profitability of enterprises, and at the same time, it is also affected by the dividend distribution policy and profit distribution demand of enterprises. If the enterprise stays much for the purpose of expanding reproduction and enhancing its stamina, the dividend per share will be less, and vice versa.
3. Price-income ratio
P/E ratio is the ratio of the market price per share of common stock to the profit per share. It is an important indicator to reflect the profitability of a stock, and it is also the price that investors are willing to pay to get a profit of 1 yuan from a stock. The calculation formula is as follows:
P/E ratio = common stock price per share/common stock profit per share.
The higher the ratio, the greater the profit potential of the enterprise. On the contrary, it shows that the prospects of enterprises are not optimistic. Stock investors take the comparison of P/E ratio as a reference for investment choice.
Baidu Encyclopedia-Enterprise Profitability Analysis