Rata rentabilitii economice: ROA

Pb
RE+RF+REX
ROA = x 100 = x100
At
Ai+Ac
Vt
Pb
ROA = x x 100
At
Vt
Pb/Vt
ROA =
1/(Ap/Ai x Vt/Ap) + 1/(Vt/Ac)
Pentru analiza se ia in considerare modelul
Vt
Pb
ROA = x x 100
At
Vt
Vt1
Vt0
Pb0
ROA = ( x ) x x100
At1
At0
Vt0
At

a) eficienta utilizarii activelor totale

b) influenta ratei rentabilitatii veniturilor totale

Pb1
Pb0
Vt1
ROA = ( x ) x x100
Vt1
Vt0
At1
Rata rentabilitatii financiare ROE
Vt

PN
ROE = x 100
Kpr
Div
ROE = x 100
Kpr
Pentru analiza se ia in considerare modelul
PN
ROE = x 100
Kpr

a) influenta modificarii Kpr

PN0
PN0
ROE = x 100 - x 100 = ROE0 (1/IKpr )
Kpr1
Kpr0
Kpr

b) influenta modificarii PN
PN1
PN0
PN0
ROE = x 100 - x 100 = (IPN -1 )
Kpr1
Kpr1
Kpr1
PN