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DuPont analýza -
Rozklad rentability vlastního kapitálu |
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GreenDay s.r.o.,
Masarykova 127/4, Praha |
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Rentabilita
vlastního kapitálu (ROE) |
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čistý zisk / vlastní
kapitál |
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2009 |
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-2% |
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doporučené nebo
minimální hodnoty |
nad 10% |
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2010 |
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23% |
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2011 |
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24% |
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2012 |
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14% |
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2013 |
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16% |
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Z DuPont rozkladu
ukazatele ROE vidíme, kam je třeba zaměřit úsilí o
zvyšování rentability. |
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2014 |
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28% |
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Zlepšení lze dosáhnout: |
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2015 |
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33% |
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a) zvýšením rentability tržeb
(ziskové marže) |
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2016 |
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13% |
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b) urychlením obratu kapitálu |
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2017 |
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29% |
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c) větším využitím cizího
kapitálu a změnou struktury finančních zdrojů |
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2018 |
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30% |
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2019 |
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15% |
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2020 |
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13% |
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2021 |
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13% |
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Rentabilita
celkových aktiv (ROA) |
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c) Finanční páka |
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čistý
zisk / celková aktiva |
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celková
aktiva / vlastní kapitál |
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2009 |
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-1% |
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2009 |
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2,33 |
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2010 |
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10% |
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2010 |
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2,23 |
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2011 |
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13% |
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2011 |
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1,80 |
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2012 |
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7% |
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2012 |
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1,93 |
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2013 |
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8% |
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2013 |
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1,88 |
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2014 |
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16% |
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2014 |
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1,72 |
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2015 |
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18% |
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2015 |
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1,84 |
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2016 |
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7% |
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Rozklad ROE lze rozdělit
na součin tří dílčích ukazatelů |
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2016 |
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1,99 |
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2017 |
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15% |
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a) Ukazatel ziskového
rozpětí tržeb pro zdanění |
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2017 |
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1,98 |
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2018 |
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15% |
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b) Ukazatel obratu
celkových aktiv |
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2018 |
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2,06 |
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2019 |
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7% |
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c) Ukazatel finanční
páky |
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2019 |
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2,17 |
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2020 |
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6% |
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2020 |
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2,08 |
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2021 |
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7% |
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2021 |
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1,88 |
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a)
Rentabilita tržeb = zisková marže |
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b)
Obratovost celkových aktiv |
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Celková
aktiva |
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Vlastní
kapitál |
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čistý zisk / tržby |
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tržby / celková aktiva |
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2009 |
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0% |
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2009 |
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1,80 |
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2009 |
277 036 |
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2009 |
118 944 |
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2010 |
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5% |
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2010 |
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1,98 |
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2010 |
287 908 |
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2010 |
129 124 |
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2011 |
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7% |
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2011 |
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2011 |
336 514 |
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2011 |
186 518 |
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2012 |
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4% |
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2012 |
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1,77 |
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2012 |
272 797 |
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2012 |
141 116 |
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2013 |
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5% |
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2013 |
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1,67 |
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2013 |
239 531 |
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2013 |
127 640 |
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2014 |
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8% |
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2014 |
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1,93 |
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2014 |
194 637 |
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2014 |
113 101 |
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2015 |
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12% |
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2015 |
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1,50 |
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2015 |
327 974 |
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2015 |
178 626 |
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2016 |
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4% |
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2016 |
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1,82 |
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2016 |
275 808 |
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2016 |
138 502 |
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2017 |
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10% |
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2017 |
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1,53 |
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2017 |
417 461 |
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2017 |
210 623 |
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2018 |
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9% |
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2018 |
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1,58 |
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2018 |
471 225 |
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2018 |
228 282 |
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2019 |
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4% |
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2019 |
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1,78 |
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2019 |
425 329 |
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2019 |
196 286 |
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2020 |
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3% |
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2020 |
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1,75 |
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2020 |
376 246 |
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2020 |
180 603 |
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2021 |
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4% |
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2021 |
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1,68 |
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2021 |
296 026 |
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2021 |
157 184 |
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Zisk = |
tržby - |
náklady |
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Celková |
stálá |
oběžná |
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Tržby |
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aktiva = |
aktiva + |
aktiva |
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2009 |
-2 052 |
465 188 |
467 240 |
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2009 |
258 176 |
134 473 |
123 703 |
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2009 |
465 188 |
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2010 |
26 156 |
508 320 |
482 164 |
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2010 |
256 156 |
127 327 |
128 829 |
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2010 |
508 320 |
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2011 |
42 163 |
592 700 |
550 537 |
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2011 |
317 342 |
152 769 |
164 573 |
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2011 |
592 700 |
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2012 |
18 880 |
459 928 |
441 048 |
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2012 |
259 869 |
127 383 |
132 486 |
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2012 |
459 928 |
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2013 |
18 983 |
382 853 |
363 870 |
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2013 |
229 749 |
117 073 |
112 676 |
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2013 |
382 853 |
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2014 |
29 868 |
359 925 |
330 057 |
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2014 |
186 375 |
98 361 |
88 014 |
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2014 |
359 925 |
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2015 |
56 802 |
470 352 |
413 550 |
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2015 |
313 938 |
135 872 |
178 066 |
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2015 |
470 352 |
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2016 |
17 410 |
477 504 |
460 094 |
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2016 |
261 748 |
133 233 |
128 515 |
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2016 |
477 504 |
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2017 |
58 815 |
611 617 |
552 802 |
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2017 |
400 431 |
191 054 |
209 377 |
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2017 |
611 617 |
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2018 |
66 486 |
714 740 |
648 254 |
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2018 |
451 761 |
214 273 |
237 488 |
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2018 |
714 740 |
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2019 |
27 488 |
724 506 |
697 018 |
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2019 |
406 405 |
221 245 |
185 160 |
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2019 |
724 506 |
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2020 |
21 826 |
631 538 |
609 712 |
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2020 |
360 366 |
190 303 |
170 063 |
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2020 |
631 538 |
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2021 |
18 832 |
474 724 |
455 892 |
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2021 |
281 942 |
145 935 |
136 007 |
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2021 |
474 724 |
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Náklady = |
náklady na |
+ úroky + |
odpisy + |
daň z příjmu + |
provozní |
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Oběžná |
zásoby + |
pohledávky + |
krátkodobý |
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prodané zboží |
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náklady |
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aktiva = |
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finanční maj. |
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2009 |
467 240 |
38 832 |
3 400 |
15 028 |
1 244 |
408 736 |
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2009 |
123 703 |
37 776 |
64 567 |
21 360 |
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2010 |
482 164 |
51 472 |
3 200 |
14 732 |
6 272 |
406 488 |
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2010 |
128 829 |
38 488 |
67 325 |
23 016 |
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2011 |
550 537 |
51 079 |
5 368 |
20 930 |
7 846 |
465 314 |
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2011 |
164 573 |
51 049 |
81 955 |
31 569 |
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2012 |
441 048 |
42 972 |
3 840 |
13 604 |
6 912 |
373 720 |
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2012 |
132 486 |
36 784 |
68 018 |
27 684 |
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2013 |
363 870 |
39 228 |
2 792 |
11 574 |
5 353 |
304 923 |
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2013 |
112 676 |
29 942 |
60 126 |
22 608 |
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2014 |
330 057 |
35 602 |
3 464 |
11 135 |
4 294 |
275 562 |
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2014 |
88 014 |
22 626 |
47 320 |
18 068 |
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2015 |
413 550 |
33 712 |
4 240 |
15 972 |
6 324 |
353 302 |
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2015 |
178 066 |
34 854 |
116 048 |
27 164 |
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2016 |
460 094 |
40 856 |
4 240 |
17 084 |
6 120 |
391 794 |
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2016 |
128 515 |
31 561 |
69 970 |
26 984 |
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2017 |
552 802 |
52 509 |
5 628 |
25 506 |
8 787 |
460 372 |
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2017 |
209 377 |
38 073 |
138 092 |
33 212 |
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2018 |
648 254 |
68 934 |
5 860 |
28 182 |
9 438 |
535 840 |
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2018 |
237 488 |
46 698 |
152 534 |
38 256 |
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2019 |
697 018 |
79 554 |
4 600 |
28 098 |
11 700 |
573 066 |
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2019 |
185 160 |
42 942 |
103 500 |
38 718 |
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2020 |
609 712 |
66 118 |
5 004 |
26 130 |
8 600 |
503 860 |
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2020 |
170 063 |
43 370 |
90 860 |
35 833 |
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2021 |
455 892 |
41 712 |
4 200 |
17 604 |
6 752 |
385 624 |
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2021 |
136 007 |
30 963 |
78 060 |
26 984 |
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