“现金型”杜邦财务体系在港口行业上市公司中的应用

The Application of Cash-oriented DuPont Financial System in Listed Port Corporations

针对经典杜邦财务分析体系缺陷,引入现金流量指标,建立一个能够全方面反映上市公司财务状况的"现金型"杜邦财务分析体系;同时利用LMDI指数对传统的连环替代法进行改进,克服多指标同时变动影响配比不合理的现象。在此基础上,以港口上市公司的财务报表为依据,运用改进后的杜邦财务分析体系进行分析,提出了一些对提升财务绩效有益的建议。

Based on the defects of the traditional DuPont financial analysis system, the article introduces the cash flow index to help present a cash-oriented DuPont financial analysis system which can reflect financial conditions of listed corporations, uses the LMDI index to modify the traditional interlocking substitution and avoid proportion imbalance, adopts the new DuPont financial analysis system to analyze the financial reports of listed port corpora- tions and proposes some suggestions on how to improve the financial efficiency.