FORMULAE SHEET:

CL
CA
CR =
Price) Current (
1
in Change
) ( Price in Change
) (
) 1 ( ) 1 (
) 1 (
1
1
) 1 (
) 1 (
) (
1
) (
) (
1
1
1
^
^
1
^
1
2
1
2
^
1
^
|
.
|

\
|
+
=

=
+
+
+
=
+ = |
.
|

\
|
+
=
+ =

=
=
+
=
=
+ =
=
=

=
=
=

=
=
=
=
=
=
r
r
D
P
t CF PV
D
r
F
r
C
P
k FV
k
FV PV
k PV FV
g k
D
P
k
D
k
D
P
b w b
b k k k k
k
CV
k w k
n
R R
P k ki
P k
k
t
N
i
N i
n
n
n
n
n
n
i
t
i
i
n
i
i i p
i RF M RF i
i
n
i
i
p
n
t
t
n
i
i
n
i
i i
o
o
o
CE
TA
TA
Sales
Sales
PM
em DuPontSyst
SharesOut
e icePerShar Mkt
MB
SharesOut
CE
BVPS
EPS
Share ice
E P
SharesOut
NI
EPS
CE
NI
ROE
TA
NI
ROA
TotalAsset
EBIT
BEP
Sales
NI
PM
Sales
T EBIT
ATOPM
T
dPmt SinkingFun
LeasePmt Expense Int
nts LeasePayme EBIT
FCC
Expense Int
EBIT
TIE
TotalAsset
TotalDebt
DebtRatio
Sales
apital OperatingC
OCR
set NetFixedAs ngCapital NetOperati apital OperatingC
TotalAsset
Sales
Turnover TotalAsset
set NetFixedAs
Sales
Turnover FixedAsset
Sales
ceivables
DSO
Inventory
Sales
Turnover Inv
CL
Inv CA
QR
* *
.
Pr
.
/ Pr
/
.
) 1 (
) 1 (
.
. .
.
360 /
Re
.
=
=
=
=
=
=
=
=
=

+ +
+
=
=
=
=
+ =
=
=
=
=

=

BVPS

) ' _ , ' _ (
) ' _ , ' _ (
) ' _ , ' _ (
) 2 , 1 (
) 2 , 1 (
) 2 , 1 (
) 2 , 1 (
) (
,...) 2 , 1 (
,...) 2 , 1 (
,...) 2 , 1 (
,...) 2 , 1 (
] [
) , (
)] ( [ )] ( [
1
) , (
) (

) )( 2 / ( ) / ln(
where
) ( ) ( ) (

] ) 2 / 1 ( [ ) / ln(
: where
) ( ) (


/ 1

) / (
or where
) 1 (
1
2
1
'
2
'
2
1
'
2
'
1
' '
1 2
2
1
2 1
/
/
/

s x known s y known RSQ
s x known s y known SLOPE
s x known s y known INTERCEPT
array array CORREL
array array COVAR
array array MINVERSE
array array MMULT
array TRANSPOSE
number number STDEV
number number STDEVP
number number VAR
number number VARP
N
A A
s
r r Cov
r E r r E r
M
r r Cov
N
X
t T d d
t T
t T X F
d
d XN d FN c x f
T d d
T
T R E S
d
d N Ee d SN C
d
r r
u d
e u
d u
d r
p
d u
d r
p
r
C p pC
C
T
ij
B A
B A
AB
B Bt A
t
At B A
N
i
X i
X
MB
f
T R
n t
n t
n tt
id iu
i
f

= =
=
=

=
=

+
=
= =
=
+ +
=
=

=
+
=

o
o o

o
o
o
o
o
o
o
o
o
o