?

(mai)

(Financial Statement)

 3 6 12



1
31

 ....................... ()

........................................

XXX
XXX
XXX
XXX
XXX

XXX

XXX

XXX
XXX

XXX

XXX

XXX

(3 )

3 1) 2) 3)

 .................................. ()

........................................

XXX
XXX

XXX

XXX
XXX
XXX
XXX

XXX

XXX

3 1
3 1)
2) 3)

 ............................. ()

................................
()

XXX

()
XXX

()
()

XXX
XXX XXX

()

XXX

()

XXX

()

XXX

XXX

XXX


................. ................................

XXX
()
XXX

XXX

XXX
()
XXX

XXX

XXX
()
XXX

XXX

XXX
()
XXX

XXX

XXX
()
XXX

XXX

XXX

(Ratio Analysis)

=
(Current Ratio) ()

1


1

-
=

(Quick Ratio) ()

=
(Total Asset Turnover) ()

10

=
(Collection Period) () / 365

=
(Inventory Turnover Period) () / 365

x 100
=
(Gross Profit Margin) (%)

()

11


=
x 100
(Operating Income Margin) (%)

=
(Net Profit Margin) (%)

x 100

x 100
=
(Return on Assets : ROA) (%)

12

x 100
=
(Return on Equity : ROE) (%)

(Du Pont Analysis)

(ROA)
(ROE)

=
x

(ROA)
= x

2
1.

2.

13

 = x x

(ROE)
= x
x

3
1.

2.

3.
(Equity Multiplier)

14

=
(Debt to Asset Ratio) ()

(Debt to Equity Ratio) ()

(Interest Coverage Ratio) ()

15

= x 100

(Cash Flow / Current Liabilities)

40%

= x 100

(Cash Flow / Total Debt)

20%
:

( + )
2

16

17

18

?




(Intrinsic Value)
(Market Price)

(Price/Earning Ratio P/E Ratio)

P/E Ratio =

( 12 )

19

20

21

CISA:

CISA:
5

22

(International Financial Reporting Standards- IFRS)

(US. GAAP)

(2548)

23

...

( 2549)

24

...

25