Financing Ratios in Business Management

Play an AI-generated podcast conversation about this lesson

Was ist die Formel für die Debitorenfrist (DF) gemäß dem gegebenen Text?

(Ø Vorratsbestand x 365) / Warenaufwand
(Ø Kreditoren x 365) / Nettokrediteinkäufe
(Ø Debitoren x 365) / Warenaufwand
(Ø Debitoren x 365) / Nettokreditverkäufe (correct)

Welche Kennzahl wird als EBIT-Rendite bezeichnet?

ROE
TIE
EBIT-Rendite (correct)
VG

Was repräsentiert der Verschuldungsgrad (VG) gemäß der gegebenen Formel?

FK / GK (correct)
Financial Leverage
Debitorenfrist
EK-Rentabilität

Was ist die Nettogewinnmarge gemäß der gegebenen Formel?

RG / Nettoerlöse (D) Signup and view all the answers

Welche Kennzahl ergibt sich aus dem Verhältnis von EBIT zu Zinsaufwand?

Zinsdeckungsfaktor (C) Signup and view all the answers

Was sind einige Herausforderungen bei der Finanzanalyse aufgrund von Rechnungswesen?

Zeitnähe der Daten und Unterschiede in der Rechnungslegung (C) Signup and view all the answers

Warum ist Benchmarking für diversifizierte Unternehmen schwierig?

Aufgrund von Bilanzwahlrechten (B) Signup and view all the answers

Warum erlaubt keine einzelne Kennziffer eine vollständige Beurteilung der finanziellen Situation eines Unternehmens?

Wegen der Unterschiede in der Rechnungslegung (A) Signup and view all the answers

Welche Elemente sollte eine Finanzanalyse mindestens beinhalten?

Trend der Kennziffern über den Zeitablauf (A) Signup and view all the answers

Welche Kennziffer berechnet den Quick Ratio?

(Liquide Mittel + kzfr. Forderungen) / kzfr. Verbindlichkeiten (A) Signup and view all the answers

Was ist ein wichtiger Schritt bei der Kennzahlenanalyse, um aussagekräftige Schlussfolgerungen zu ziehen?

Vergleich mit Benchmarks (B) Signup and view all the answers

Was beinhaltet eine Soll-Ist-Analyse im Rechnungswesen?

Vergleich von Zielvorgaben mit effektiven Daten (B) Signup and view all the answers

Was ist ein Hauptziel der Finanzanalyse gemäß dem Text?

Bewertung der Performance und Effizienz einer Unternehmung (A) Signup and view all the answers

Was bedeutet die Re-Klassifikation von Bilanzpositionen im Rechnungswesen?

Verschieben von Kapital zwischen Aktiva und Passiva (C) Signup and view all the answers

Welche Akteure gehören zu den externen Nutzern von Finanzanalysen gemäß dem Text?

Aktionäre, Kreditoren und Banken, Finanzanalysten, Lieferanten (C) Signup and view all the answers

Was wird bei einer Strukturanalyse der Bilanz im Rechnungswesen betrachtet?

Vermögen, Kapital, Finanzierung und Investitionen (B) Signup and view all the answers

Was ist ein Zweck der Finanzanalyse für den internen Gebrauch gemäß dem Text?

Leistungsmessung und -entlohnung (C) Signup and view all the answers

Warum ist es wichtig, stille Reserven aufzulösen gemäß dem gegebenen Text?

Um den Reingewinn in die Gewinnreserven einzubuchen (C) Signup and view all the answers

Welche Aspekte werden durch die Kennzahlenanalyse in der Finanzanalyse abgedeckt gemäß dem Text?

Operative Effizienz und Rentabilität (D) Signup and view all the answers

Welche Art von Kennzahlen werden in der Finanzanalyse für Bankrottprognosen verwendet laut dem Text?

Umsatz- und Gewinnkennzahlen (C) Signup and view all the answers

Welcher Prozentsatz der Aktiven ist fremdfinanziert?

38% (C) Signup and view all the answers

Was besagt die goldene Bilanzregel in Bezug auf die Finanzierung von langfristig gebundenen Anlagen?

Sie müssen mit Eigenkapital und langfristig gebundenem Kapital finanziert sein. (B) Signup and view all the answers

Was wird durch den Anlagedeckungsgrad I (AD I) gemessen?

Der Anteil des Eigenkapitals am Anlagevermögen. (A) Signup and view all the answers

Was wird durch den Zinsdeckungsfaktor (times interest earned TIE) ausgedrückt?

Das Vielfache, um das das Betriebsergebnis den Zinsaufwand übertrifft. (B) Signup and view all the answers

Wie wird der Verschuldungsgrad (VG) berechnet?

Gesamtkapital geteilt durch Fremdkapital. (B) Signup and view all the answers

Was beschreibt die Debitorenfrist (DF) nach der Formel DF = Ø Forderungen aus L+L x 365?

Die Ø Frist, in der Kunden ihre Rechnungen bezahlen (B) Signup and view all the answers

Warum ist es teuer, Kundenforderungen nicht einzufordern?

Da diese Mittel nicht reinvestiert werden können (D) Signup and view all the answers

Was gibt die Kreditorenfrist (KF) anhand der Formel KF = Ø Verpflichtungen aus L+L x 365 an?

Die Ø Anzahl von Tagen, die das Unternehmen benötigt, um seine Lieferanten zu bezahlen (A) Signup and view all the answers

Warum sind lange Zahlungsperioden für Unternehmen nicht kostenlos?

Weil dadurch implizite Kreditzinsen entstehen (A) Signup and view all the answers

Was misst der Kapitalumschlag (KU) anhand der Formel KU = Nettoerlös Ø Gesamtkapital?

Wie effizient das Unternehmen mit dem Kapital umgeht (B) Signup and view all the answers

Was ist die Formel für die EBIT-Rendite?

EBIT / Gesamtkapital (B) Signup and view all the answers

Was ist ein Bruttogewinnmass, das in die EBIT-Rendite unterteilt werden kann?

Gewinn für Vorzugsaktionäre (D) Signup and view all the answers

Welche Werttreiber generieren die EBIT-Rendite?

Bruttogewinnmarge und Kapitalumschlag (C) Signup and view all the answers

Was zeigt die Eigenkapitalrentabilität (ROE) an?

Rendite auf das Eigenkapital (A) Signup and view all the answers

Was kann unabhängig von der gewählten Finanzierungspolitik betrachtet werden?

EBIT des Unternehmens (B) Signup and view all the answers

Was wird durch die Bruttogewinnmarge (BGM) in der EBIT-Rendite gemessen?

Umsatzrendite (A) Signup and view all the answers

Welche Kennziffern können in weitere Werttreiberketten für die EBIT-Rendite heruntergebrochen werden?

Bruttogewinnmarge und Kapitalumschlag (B) Signup and view all the answers

What does the Debtors' Collection Period (DCP) measure?

Average debtors over net credit sales (C) Signup and view all the answers

Which of the following formulas correctly represents EBIT Margin?

EBIT / Net sales (B) Signup and view all the answers

What does the Financial Leverage (FL) ratio compare?

Average total assets to average equity (C) Signup and view all the answers

In financial analysis, what is the purpose of calculating the Interest Coverage Ratio (ICR)?

To evaluate a company's ability to meet interest payments (D) Signup and view all the answers

How is the Return on Equity (ROE) calculated?

Net profit / Equity (C) Signup and view all the answers

What aspect of a company's operations does financial analysis help evaluate?

Efficiency and performance (C) Signup and view all the answers

Why is benchmarking challenging for diversified companies?

Diversified companies operate in multiple sectors making comparison difficult (D) Signup and view all the answers

What does the Times Interest Earned (TIE) ratio express?

The company's ability to cover interest payments with operating income (A) Signup and view all the answers

What is the main purpose of resolving hidden reserves according to the text?

To improve financial flexibility (A) Signup and view all the answers

What financial aspect does the Debt Ratio (DR) measure according to the given formula?

Proportion of assets financed by debt (A) Signup and view all the answers

Which statement best describes a limitation of using financial ratios in bankruptcy prediction, as discussed in the text?

Financial ratios cannot account for extraordinary events that may impact a company's financial health. (B) Signup and view all the answers

What is a significant challenge faced in conducting benchmarking for diversified companies in relation to financial analysis, according to the text?

Benchmarking can be complex due to varying business structures and operations. (A) Signup and view all the answers

Why is it emphasized in the text that no single financial ratio can provide a complete assessment of a company's financial situation?

A comprehensive review requires analyzing trends, industry benchmarks, and reasons behind ratio changes. (A) Signup and view all the answers

Which aspect is identified as a major flaw in the application of optimal financial ratios according to the text?

The absence of a definitive theory guiding the use of optimal financial ratios. (B) Signup and view all the answers

What conclusion is reached regarding the use of financial ratios in assessing an entity's financial health as discussed in the text?

A comprehensive analysis involving trends, industry benchmarks, and ratio changes is imperative. (D) Signup and view all the answers

What can be a consequence of not collecting customer receivables according to the text?

Decrease in liquidity (B) Signup and view all the answers

In financial analysis, what does the Capital Turnover (KU) measure?

Efficiency of resource utilization (B) Signup and view all the answers

Which factor strongly influences the critical value of the Creditors' Payment Period (KF)?

Industry competition intensity (D) Signup and view all the answers

Why should companies be concerned about long payment periods according to the text?

To reduce implicit credit costs (C) Signup and view all the answers

What is the primary concern when customers do not pay their debts promptly?

Increased bad debt expense (B) Signup and view all the answers

What is the purpose of comparing key figures with benchmarks in financial analysis?

To evaluate the financial performance relative to industry standards (C) Signup and view all the answers

In financial analysis, what does a Soll-Ist-Analyse involve?

Comparing projected targets with actual data to assess deviations (C) Signup and view all the answers

Why is it important to resolve hidden reserves in financial analysis?

To provide a more accurate picture of a company's financial health (C) Signup and view all the answers

What does the Re-Klassifikation von Bilanzpositionen involve in financial reporting?

Reclassifying balance sheet items to reflect their true nature (C) Signup and view all the answers

What is the main objective of conducting a Strukturanalyse in financial analysis?

To analyze the structure and composition of the balance sheet (D) Signup and view all the answers

What does the Times Interest Earned (TIE) measure?

Interest coverage (B) Signup and view all the answers

What is the formula to calculate the Debt Ratio?

$\text{Total Debt} / \text{Total Assets}$ (B) Signup and view all the answers

What does the Anlagevermögen in the Anlagedeckungsgrad I (AD I) represent?

Fixed assets (C) Signup and view all the answers

Which financial indicator assesses the percentage of assets financed by debt?

Verschuldungsgrad (A) Signup and view all the answers

In finance, what does financial leverage refer to?

Use of debt to increase return on equity (C) Signup and view all the answers

What does the EBIT-Ratio measure according to the text?

Operating profit margin (A) Signup and view all the answers

How is EBIT different from net profit?

EBIT excludes interest and taxes (B) Signup and view all the answers

What is the relationship between EBIT-Ratio and financial leverage?

Inversely proportional (C) Signup and view all the answers

What is the impact of high capital turnover on EBIT-Ratio?

Increases EBIT-Ratio (A) Signup and view all the answers

How do dividends factor into calculating the EBIT-Ratio?

Dividends are excluded from EBIT calculations (A) Signup and view all the answers

What role do leasing adjustments play in determining the EBIT-Ratio?

Decrease EBIT due to additional costs (D) Signup and view all the answers

How does the EBIT-Ratio help in assessing a company's operational efficiency?

Lower EBIT-Ratio indicates higher efficiency (A) Signup and view all the answers

What does the Bruttogewinnmarge (BGM) represent in the context of the EBIT-Ratio?

% of net sales that becomes operating profit (D) Signup and view all the answers

'What drives the EBIT-Ratio?' refers to understanding the impact of which two key factors?

'Gross profit margin and capital turnover' (B) Signup and view all the answers

How can the EBIT be dissected into different components?

By attributing income to shareholders, creditors, and preference shareholders (B) Signup and view all the answers