operating cash flow 中文意思是什麼
operating cash flow
解釋
經營性現金流量-
In the final part, from the company strategy viewpoint the further discussions have made to indicate the importance of better understanding and management of information from cash flow statement an alysis. in author ' s opinion, a good understanding and management of information from the cash flow statement analysis make it possible for a company to better use and manage the cash resource, improve the conventional accounting report analysis system and prevent the false accounting information in order to achieve an effective and successful management in the company ' s operating, accounting and long term strategy
筆者認為，通過對現金流量表的深入透徹的理論分析和實證研究，能夠全面了解和掌握作為企業經營活動血液的現金的來源和運用狀況，把企業的經營狀況、財務狀況、戰略管理狀況同企業的現金流量緊密的聯系起來，同時對于完善傳統的財務報表分析體系，防止會計信息失真以及充分發揮現金流量管理在企業管理中的重要作用都有積極意義。 -
At the part of empirical study, this paper chooses 124 a - stock listed companies from stock exchange of shanghai and shenzhen as research samples, makes use of the step method to filter the 13 possible variables ( including 3 debt - paying ability indexes, 3 operating ability indexes, 4 profitability indexes and 3 cash flow indexes ) in analysis and finally sets up discrimimant models by fisher discrimimant rules with the samples " financial data. then this paper validates the stability of these models using the self - validation and cross - validation before analyzing the prediction ability of these models with outside - validation
實證研究部分主要以我國深、滬兩市124家上市公司為研究樣本，採用上市公司1998年至2001年的實際財務數據，運用逐步判別分析方法對擬進入模型的13個變量（包括3個償債能力指標、 3個經營能力指標、 4個獲利能力指標及3個現金流量指標）進行篩選，並根據fisher判別準則建立判別模型，在運用自身驗證法與互動式驗證法對模型的穩定性加以驗證后，運用外部數據驗證法對模型的預測能力進行了分析。 -
Contents of this course include : basic concepts of financial management, atternative forms of business organization, financial statement analysis, break - even analysis, operating & financial leverages, managing working capital, short - term financing, financial mathematics, capital budgeting & risk, discounter - cash - flow model, fundamentals of securities valuation, cost of capital, capital structure, dividend policy, long - term financing, leases, mergers & acquisitions, holding companies, restructure and liquidation
課程涵蓋了財務管理的基本概念，企業組織型態，財務報表分析，損益平衡分析， ?桿原理，營運資金管理，短期融資，財務數學，資本預算及風險，現金流量折現模型，證券評價基礎，資金成本，資本結構，股利政策，長期融資，租賃，並購，握股公司，重整及清算等重要課題。 -
4 classify operating, investing, and financing activities in a cash flow statement
分類現金流量表的經營性，投資性，融資性經濟業務。 -
System of the company & it ' s subsidiaries stresses on owner ' s right, but system of the general company & it " s branches emphasizes operating performance control system. third, impc should strengthen using functions of financial management, including emphasis on capital decision, channel of long - term funds raising, flexibility of short - term funds raising, building the investment appraising system and dynamic cash flow system
公司應強化應用財務管理的職能，包括應加強資本經營決策、長短期資金籌集分析決策（要建立長期籌資的功能，發揮短期融資的靈活性） ；在投資決策方面著重建立投資評價機制；資金管理要以現金流為重點。 -
On the application of sensitivity analysis to net cash flow from operating activities in project appraisal
論靈敏度分析方法在預測項目經營現金凈流量中的運用 -
In terms of contents of the article, it firstly defines tax planning which means that by means of present taxation laws, tax - payers who obey taxation laws exercise the rights of themselves actively and fully to plan the paying taxes of operating things in advance, so as to decrease expenditure of tax increase the net cash flow of enterprises and raise its competition
就其內容來說，本文首先對納稅籌劃的含義進行了定位。納稅籌劃（ taxplanning ） ，是指納稅人依據現行稅法，在遵守稅法的前提下，主動和充分運用納稅人的權利，站在納稅人角度，事前對經營事項的納稅事務進行策劃，以達到減少稅收支出、增加企業現金凈流量和提高企業競爭力的目的。 -
It is desirable for all related insiders and outsiders to discern all potential risk in advance. this paper, with the adoption of special treatment resulted from abnormal financial position as the indicator of financial distress, the univariate variable analysis and multiple variable analysis as the research approach and some financial ratios as variable, tries to find an optimal financial distress prediction model of chinese manufacturing listed companies based on public accounting data. our finding demonstrate that five general financial ratios and three ratios concerning the cash flow have better predicting ability, the erroneous classification ratio are low. these five general financial ratios are earning per share, return on net assets, return on gross assets, growth rate of net profits, growth rate of net assets ; the three ratios concerning the cash flow are net cash flows from operating activities per share, net re - earnable cash flows / current liability, net cash flows from operating activities / net profit
研究結果表明，在單變量分析中，每股收益、凈資產收益率、總資產報酬率、凈利潤增長率、凈資產增長率這5個財務比率的錯分率較低、預測能力較強；經營活動凈現金流量與凈利潤之比、每股經營現金流量、可重復賺取的現金凈流量與流動負債之比這三個現金流量財務比率對于預測上市公司財務困境具有有效性；多變量分析中，應用費雪判別分析和典則判別分析得到兩個判別模型，在典則判別分析中，應用兩種方法確定所建模型的最佳分界點，檢測證明應用所得兩個判別模型進行財務困境預測的準確率很高。 -
In 2004, we generated turnover of us $ 24. 9 billion, earnings before interest and tax ( ebit ) of us $ 5. 5 billion and operating cash flow after interest and tax of us $ 5. 2 billion
2004年，公司的營業額達249億美元，息稅前收益（ ebit ） 55億美元，息稅后可營運現金額52億美元。 -
The nature of asset securitization is a structural financing instrument applying for the main purpose of realize, transfer and ensure the future cash flow of the original asserts. building and operating of the special purpose vehical ( spv ) share those risks accompanying returns produced in the course of financing within all the participants. such result is achieved by three - core technology named as " real sell ", " bankrupt protect ", and " credit increase "
文章首先對資產證券化的含義做了理論界定，然後對資產證券化融資的構造原理進行了剖析，指出這種融資創新的實質是：以實現、轉移、保障原始資產的未來現金流為根本目的，通過創造性地構建特殊目的結構spv ，並以此為依託巧妙地實現原始資產的「真實銷售」 、 「破產隔離」 、和「信用提高」 ，從而將整個融資過程的風險和收益有效分攤給所有參與者，最終得以發行風險較小、信用級別較高、融資成本較低的資產支持證券abs的結構性融資方式。 -
Such is their efficiency that the capital cost and operating expenses are covered by the sale of recyclables and electricity resulting in a cash flow neutral position for the municipality
使用在世界上廣泛運用的簡易單專利後期處理分離技術，提供機械方法來分離與隔離不同種類的可回收物品，例如清潔金屬，提高銷售價值。 -
The " net cash flow from operating activities / net profit ", a cash flow indicator that is emphasized both at home and abroad, was first time to be treated as one of the variables for corporate performance. the listed companies of manufacturing industry were grouped according to their asset scale and industry property. the empirical study of equity structure and corporate performance were carried out through combining the empirical analysis and theoretical analysis and by using stochastic variable intercept paral data mode and sas software package
本文以製造業303家上市公司為總樣本，確定了6個股權結構變量、 7個經營績效變量，並在經營績效變量中，首次引入了國內外尤為關注的現金流量指標? ?盈餘現金保障倍數；將製造業各次類上市公司，按資產規模和行業性質進行劃分，採用實證分析與規范分析相結合的方式，運用計量經濟學建模方法? ?隨機影響變截距平行數據法，應用sas統計軟體，對我國上市公司的股權結構與經營績效進行實證研究。 -
On the basic of brief introduction of some concerning concept and theory of cash flow, this article first by using methods of contrast analysis and combining qualitative analysis and quantitative analysis to put forward the idea that the management staff should use the model of total cash flow analysis as a tool to effectively analyze cash flow, then with borrowing the idea of cost quality classify in managing accounting theory to bring forward a dynamic model for forecast of future cash flow. meanwhile it tables several proposals and measure on how to improve managing concept and system of operating cash flow control
本文在對現金流量的有關概念、理論進行闡述的基礎上，首先運用對比分析的方法，定性分析與定量分析相結合，提出企業經管人員應以現金流量綜合分析模型為工具，有效分析企業的現金流量；之後借用管理會計中成本性態分類的思想，並結合現金流量表中對現金流量的分類要求，同時考慮到與企業擬定的現金最佳持有量密切聯系，提出建立一個預測未來現金流量的動態模型；最後，結合企業實例，對于如何完善企業現金流量控制的思路和方法提出若干建議措施。 -
Then it expounds and analyzes the researching statu of the enerprise ' s valuation of the world, especially on the discount cash flow valuation. among them it detailed analys how to determine the discount rate, the increase rate and the cash flow. at the same time it introduces the two other means that is the ratio and the option valuation and theirs scope of application, promoting some valuation model fitting for different enerprise and different asset for the especially case of m & a, and it expound how to use the cash flow discount to value the enterprise been placed in the circumstance of periodic company, operating the company in the difficulty, not listed company
本文正文部分首先對企業並購研究的相關知識進行了一下簡單的介紹，然後對國內外企業的價值評估方法及研究現狀進行了詳細和深入的闡述，特別是對貼現現金流估價法的分析比較詳細和深入，其中對其貼現率、增長率、現金流等基本參數的確定作了較詳細的分析，同時也介紹了另外兩種估價法即比率估價法和期權估價法的基本情況及其適用范圍。 -
The move would also help smes who might encounter cash flow problems and operating difficulties in settling estate duty
這項建議亦會對因需要現金繳納遺產稅，而可能出現資金周轉不靈及經營上困難的中小企業有幫助。 -
Thirdly, the short - term and long - term financial early - warning system is established based on the financial statements of marketing corporation in electric power, medicine and general merchandise. systematic method, efficiency coefficient method and linear regression method are applied in the short - term financial early - warning system from the aspect of cash flow, operating performance and function model ; growth periods method and management grade method are applied in the long - term financial earl y - warning system from the aspect of growing capability and financial stratagem. finally, lots of examples are given to validate these early - warning models, and some countermeasures are discussed for avoiding and eliminating the distress of enterprise
首先，介紹了企業財務預警的概念、功能和國內外的研究現狀；其次，闡明了企業財務預警的原理、程序和方法；再次，它以電力、醫藥和百貨行業的上市公司報表為資料，按照指標選取、標準判斷、警限設置和警度預報的步驟，從企業的現金流量、財務業績和函數模型三方面，分別運用系統化方法、功效系數法和線性回歸法構建了企業短期財務預警系統，從企業的成長能力和財務戰略兩方面，分別運用周期波動法和管理評分法構建了企業長期財務預警系統；最後，舉了大量實例對構建的各個預警模型進行考證，並從財務角度探討了企業的防警和排警對策。 -
The article elaborates that we should set up cash flow concept in our finance management with definitions and current analysis of " cash flow ". one hand, the article elaborates status and function of cash flow is important to business operating. on the other hand, it also elaborate how to evaluate the value creating ability of a company based on the cash flow information and other information relater to cash flow
本文通過對現金流量的介紹與分析，闡述了現金流量在企業經營管理中的重要地位和作用，提出現代企業財務管理中應樹立現金流量的觀念，利用現金流量及相關信息來評估和判斷企業的價值創造能力。 -
Financial statements are the written documents summarizing and reflecting trie financial position and operating results of an enter ? prise, including mainly a balance sheet, an income statement and a statement of changes in financial position ( or a cash flow statement )
財務報表是反映企業財務狀況和經營成果的書面文件，主要包括資產負債表、損益表及財務狀況變動表（現金流量表） 。 -
" product cycle " comprises two meaning of " life cycle of product " and " producing cycle of product ". product cycle influence the operating cash flow of the enterprises
第一章從產品的周期性理論入手，分析產品周期與企業經營性現金流量的關系，從中論述經營性現金流量變動的基本規律。 -
This paper also analyzes the fore - and - aft behaviors of earnings and rising ability about different chinese listed companies with reverse change in p / e ratio. through analyzing the net profit and operating cash flow variation trend of sample and control sample companies, this paper finds that the performance of the company with 3a after the reverse change in p / e ratio
通過樣本與控制樣本凈利潤和經營活動現金流差異的趨勢分析，發現3a公司在市盈率反轉后表現稍遜于反轉前，基本上反映了3a公司進行的是投機性的盈餘管理行為; 3d公司在市盈率反轉后表現優于反轉前，也說明了3d公司進行的是信息發放性的盈餘管理行為。
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