基于自由现金流量的管理用财务分析体系改进探讨

Discussion on Improvement of Management Financial Analysis System Based on Free Cash Flow

管理用财务分析体系解决了传统杜邦分析体系的诸多不足,但是仍然没有弥补杜邦分析现金流量信息分析不足的缺陷.为了进一步增强管理用财务分析体系的综合性,全面反映企业的经营状况,本文在原有管理用财务分析体系的基础上,通过对权益净利率的重新分解,引入管理用现金流量表信息,形成了具有现金流量信息分析功能的管理用分析体系.

The management financial analysis system solves many shortcomings of the traditional DuPont analysis system, but it still does not make up for the shortcomings of DuPont's analysis of cash flow information analysis. In order to further enhance the comprehensiveness of the financial analysis system for management and comprehensively reflect the business status of the enterprise, based on the original financial analysis system for management, this paper introduces the management cash flow statement information through the re-decomposition of the equity net interest rate, and forms a management analysis system with cash flow information analysis function.