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Carolyne · 2024年04月17日

ROE

NO.PZ2023040501000158

问题如下:

Kristensen and her team then move on to a discussion of the various ways of comparing Darwin's profitability with other firms in the industry, and they make the following comments:

•Kristensen: I prefer return on invested capital (ROIC) because it is not affected by the amount of debt on Darwin's balance sheet.

•Palmeiro: Return on equity (ROE) is the most common measure of shareholder return, although Darwin's share repurchase program will affect the relevance of the ratio.

•Marchand: We could use return on capital employed (ROCE), but its significance will be limited if we compare Darwin with companies based in other countries.

Which of the three analysts' comments about the methods used to compare Darwin's profitability with other firms in the industry is the least accurate?

选项:

A.

Palmeiro's

B.

Kristensen's

C.

Marchand's

解释:

Marchand's comment is the least accurate. ROCE is essentially ROIC before tax and is defined as operating profit divided by capital employed. As a pretax measure, ROCE is useful when comparing peer companies in different countries because the comparison of underlying profitability would not favor companies benefiting from low tax rate systems.

Roe那个句子。后面那句回购会影响比例是什么意思

1 个答案

王园圆_品职助教 · 2024年04月17日

同学你好,因为ROE的分母是Equity,而一旦公司发生回购,就会减小Equity的值也就是减小分母从而使ROE变大,但这种变大本质不是由于公司运营效率的提升带来的,所以需要稍微注意一下——这句话就是这个意思