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DuPont analýza Rozklad rentability vlastního kapitálu |
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Green Foods a.s. |
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Faktory ovlivňující
rentabilitu a výkonnost firmy |
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Rentabilita
vlastního kapitálu (ROE) |
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EBIT / vlastní kapitál |
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jako forma zisku je zde
použit ukazatel EBIT |
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|
|
|
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|
2011 |
14% |
14% |
|
doporučené nebo
minimální hodnoty nad 10% |
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2012 |
16% |
16% |
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2013 |
15% |
15% |
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2014 |
36% |
37% |
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2015 |
43% |
43% |
|
Z DuPont rozkladu
ukazatele ROE vidíme, kam je třeba zaměřit úsilí o zvyšování
rentability. |
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2016 |
25% |
25% |
|
Zlepšení lze dosáhnout: |
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|
2017 |
16% |
16% |
|
a) zvýšením rentability
tržeb (ziskové marže) |
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2018 |
38% |
38% |
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b) urychlením obratu
kapitálu |
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2019 |
33% |
33% |
|
c) větším využitím
cizího kapitálu a změnou struktury finančních zdrojů |
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|
2020 |
39% |
40% |
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2021 |
25% |
25% |
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2022 |
37% |
38% |
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2023 |
45% |
45% |
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Rentabilita
celkových aktiv (ROA) |
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c) Finanční páka |
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EBIT / celková aktiva |
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|
celková
aktiva / vlastní kapitál |
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|
2011 |
|
6% |
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|
2011 |
|
2,30 |
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2012 |
|
8% |
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|
2012 |
|
2,08 |
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2013 |
|
7% |
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2013 |
|
2,13 |
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2014 |
|
7% |
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|
2014 |
|
5,30 |
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2015 |
|
8% |
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2015 |
|
5,59 |
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2016 |
|
4% |
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2016 |
|
5,98 |
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2017 |
|
3% |
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|
2017 |
|
5,50 |
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|
|
|
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|
2018 |
|
7% |
|
Rozklad ROE lze rozdělit
na součin tří dílčích ukazatelů |
|
2018 |
|
5,17 |
|
|
|
|
|
|
|
|
|
|
|
2019 |
|
6% |
|
a) Ukazatel ziskového
rozpětí tržeb pro zdanění |
|
2019 |
|
5,27 |
|
|
|
|
|
|
|
|
|
|
|
2020 |
|
8% |
|
b) Ukazatel obratu
celkových aktiv |
|
|
2020 |
|
4,71 |
|
|
|
|
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|
|
|
|
|
|
2021 |
|
5% |
|
c) Ukazatel finanční
páky |
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|
2021 |
|
5,41 |
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|
2022 |
|
9% |
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|
|
2022 |
|
4,39 |
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|
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|
2023 |
|
11% |
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|
2023 |
|
4,09 |
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| |
a)
Rentabilita tržeb = zisková marže |
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|
b)
Obratovost celkových aktiv |
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|
Celková aktiva |
|
Vlastní
kapitál |
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|
| |
EBIT / tržby |
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|
tržby / celková aktiva |
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|
2011 |
|
3% |
|
|
|
2011 |
|
2,14 |
|
|
|
|
2011 |
394 793 |
|
2011 |
171 615 |
|
|
|
|
|
2012 |
|
4% |
|
|
|
2012 |
|
2,13 |
|
|
|
|
2012 |
416 204 |
|
2012 |
199 754 |
|
|
|
|
|
2013 |
|
3% |
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|
|
2013 |
|
|
|
|
|
|
2013 |
405 089 |
|
2013 |
190 156 |
|
|
|
|
|
2014 |
|
3% |
|
|
|
2014 |
|
2,43 |
|
|
|
|
2014 |
419 499 |
|
2014 |
79 213 |
|
|
|
|
|
2015 |
|
4% |
|
|
|
2015 |
|
1,85 |
|
|
|
|
2015 |
565 642 |
|
2015 |
101 164 |
|
|
|
|
|
2016 |
|
2% |
|
|
|
2016 |
|
1,82 |
|
|
|
|
2016 |
628 852 |
|
2016 |
105 210 |
|
|
|
|
|
2017 |
|
2% |
|
|
|
2017 |
|
1,67 |
|
|
|
|
2017 |
607 492 |
|
2017 |
110 367 |
|
|
|
|
|
2018 |
|
5% |
|
|
|
2018 |
|
1,62 |
|
|
|
|
2018 |
575 451 |
|
2018 |
111 217 |
|
|
|
|
|
2019 |
|
4% |
|
|
|
2019 |
|
1,69 |
|
|
|
|
2019 |
592 470 |
|
2019 |
112 476 |
|
|
|
|
|
2020 |
|
5% |
|
|
|
2020 |
|
1,78 |
|
|
|
|
2020 |
653 530 |
|
2020 |
138 714 |
|
|
|
|
|
2021 |
|
3% |
|
|
|
2021 |
|
1,61 |
|
|
|
|
2021 |
680 260 |
|
2021 |
125 823 |
|
|
|
|
|
2022 |
|
5% |
|
|
|
2022 |
|
1,84 |
|
|
|
|
2022 |
678 096 |
|
2022 |
154 547 |
|
|
|
|
|
2023 |
|
6% |
|
|
|
2023 |
|
1,95 |
|
|
|
|
2023 |
804 697 |
|
2023 |
196 562 |
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|
Čistý zisk = |
tržby - |
náklady |
- |
ostatní nákl. |
|
|
Celková |
stálá |
oběžná |
|
Tržby |
|
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|
|
|
|
|
|
|
|
a výnosy * |
|
|
aktiva = |
aktiva + |
aktiva |
|
|
|
|
* obsahuje položky nepatřící do tržeb a provozních nákladů, ale
ovlivňující EBIT |
|
2011 |
-9 944 |
840 216 |
850 160 |
|
-33 123 |
|
2011 |
392 210 |
92 585 |
299 625 |
|
2011 |
840 216 |
|
EBIT je VH před daní z
příjmu a náklad. úroky, je třeba je tedy ze zisku odečíst |
|
2012 |
9 684 |
880 258 |
870 574 |
|
-22 732 |
|
2012 |
412 549 |
112 179 |
300 370 |
|
2012 |
880 258 |
|
přičíst Ostatní provozní
výnosy |
|
|
|
|
|
2013 |
12 107 |
940 725 |
928 618 |
|
-15 921 |
|
2013 |
402 453 |
106 834 |
295 619 |
|
2013 |
940 725 |
|
přičíst Finanční
výsledek hospodaření |
|
|
|
|
|
2014 |
10 274 |
999 787 |
989 513 |
|
-18 546 |
|
2014 |
411 223 |
114 487 |
296 736 |
|
2014 |
999 787 |
|
bez již započítaných Nákladové úroky |
|
|
|
|
|
2015 |
13 886 |
1 028 155 |
1 014 269 |
|
-29 261 |
|
2015 |
555 608 |
205 563 |
350 045 |
|
2015 |
1 028 155 |
|
odečíst Daň z příjmů |
|
|
|
|
|
|
2016 |
-15 592 |
1 134 120 |
1 149 712 |
|
-41 611 |
|
2016 |
622 315 |
259 743 |
362 572 |
|
2016 |
1 134 120 |
|
odečíst Nákladové úroky |
|
|
|
|
|
|
2017 |
-26 036 |
1 004 758 |
1 030 794 |
|
-43 535 |
|
2017 |
601 511 |
251 717 |
349 794 |
|
2017 |
1 004 758 |
|
|
|
|
|
|
|
|
|
2018 |
7 151 |
929 584 |
922 433 |
|
-35 125 |
|
2018 |
572 984 |
240 856 |
332 128 |
|
2018 |
929 584 |
|
|
|
|
|
|
|
|
|
2019 |
10 426 |
995 716 |
985 290 |
|
-26 780 |
|
2019 |
589 392 |
263 161 |
326 231 |
|
2019 |
995 716 |
|
|
|
|
|
|
|
|
|
2020 |
18 679 |
1 152 042 |
1 133 363 |
|
-35 681 |
|
2020 |
647 383 |
276 947 |
370 436 |
|
2020 |
1 152 042 |
|
|
|
|
|
|
|
|
|
2021 |
-23 197 |
1 091 773 |
1 114 970 |
|
-54 051 |
|
2021 |
676 462 |
283 709 |
392 753 |
|
2021 |
1 091 773 |
|
|
|
|
|
|
|
|
|
2022 |
2 780 |
1 243 016 |
1 240 236 |
|
-55 064 |
|
2022 |
674 665 |
283 465 |
391 200 |
|
2022 |
1 243 016 |
|
|
|
|
|
|
|
|
|
2023 |
42 754 |
1 563 021 |
1 520 267 |
|
-45 211 |
|
2023 |
801 812 |
344 293 |
457 519 |
|
2023 |
1 563 021 |
|
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|
|
Náklady = |
náklady na |
+ úroky + |
odpisy + |
daň z příjmu + |
provozní |
|
|
|
|
Oběžná |
zásoby + |
pohledávky + |
krátkodobý |
|
|
|
|
|
|
|
|
|
|
prodané zboží |
|
|
náklady |
|
|
|
|
aktiva = |
|
|
finanční maj. |
|
|
|
|
|
|
|
|
2011 |
850 160 |
317 648 |
3 245 |
13 232 |
3 354 |
512 681 |
|
|
|
2011 |
299 625 |
93 398 |
171 253 |
34 974 |
|
|
|
|
|
|
|
|
2012 |
870 574 |
339 611 |
2 493 |
10 831 |
4 935 |
512 704 |
|
|
|
2012 |
300 370 |
80 184 |
172 895 |
47 291 |
|
|
|
|
|
|
|
|
2013 |
928 618 |
362 026 |
1 245 |
13 940 |
2 694 |
548 713 |
|
|
|
2013 |
295 619 |
89 283 |
174 451 |
31 885 |
|
|
|
|
|
|
|
|
2014 |
989 513 |
378 368 |
2 100 |
15 164 |
5 771 |
588 110 |
|
|
|
2014 |
296 736 |
103 471 |
163 950 |
29 315 |
|
|
|
|
|
|
|
|
2015 |
1 014 269 |
395 930 |
9 999 |
14 678 |
8 034 |
585 628 |
|
|
|
2015 |
350 045 |
114 980 |
180 214 |
54 851 |
|
|
|
|
|
|
|
|
2016 |
1 149 712 |
450 566 |
10 901 |
23 381 |
2 337 |
662 527 |
|
|
|
2016 |
362 572 |
121 684 |
197 336 |
43 552 |
|
|
|
|
|
|
|
|
2017 |
1 030 794 |
315 195 |
10 732 |
33 658 |
783 |
670 426 |
|
|
|
2017 |
349 794 |
118 392 |
186 172 |
45 230 |
|
|
|
|
|
|
|
|
2018 |
922 433 |
316 482 |
10 440 |
33 519 |
7 353 |
554 639 |
|
|
|
2018 |
332 128 |
109 297 |
182 555 |
40 276 |
|
|
|
|
|
|
|
|
2019 |
985 290 |
368 672 |
10 048 |
33 991 |
5 447 |
567 132 |
|
|
|
2019 |
326 231 |
118 031 |
182 926 |
25 274 |
|
|
|
|
|
|
|
|
2020 |
1 133 363 |
444 151 |
11 482 |
35 869 |
7 258 |
634 603 |
|
|
|
2020 |
370 436 |
166 690 |
179 045 |
24 701 |
|
|
|
|
|
|
|
|
2021 |
1 114 970 |
320 892 |
14 518 |
33 484 |
4 086 |
741 990 |
|
|
|
2021 |
392 753 |
184 845 |
184 618 |
23 290 |
|
|
|
|
|
|
|
|
2022 |
1 240 236 |
363 388 |
13 988 |
32 923 |
6 721 |
823 216 |
|
|
|
2022 |
391 200 |
193 839 |
153 111 |
44 250 |
|
|
|
|
|
|
|
|
2023 |
1 520 267 |
500 042 |
11 427 |
33 675 |
13 553 |
961 570 |
|
|
|
2023 |
457 519 |
202 629 |
208 615 |
46 275 |
|
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|
Manuál a vysvětlení
listu |
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|
https://www.finanalysis.cz/manualy/FinAnalysis_2.22_32.pdf |
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