财务分析指数外文文献

The Relevance of Indices Concerning the Enterprise’s

Performance in Financial

Analysis and Diagnosis

DOINA PĂCURARI

Vasile Alecsandri University, Bacău, ROMANIA

doinap_ro@http://www.wendangwang.com

FLORIN RADU,

GABRIELA-DANIELA BORDEIANU,

MARIUS DUMITRU PARASCHIVESCU,

WILLI PĂVĂLOAIA

George Bacovia University, Bacău, ROMANIA

florin.radu@ugb.ro

gabriela.bordeianu@ugb.ro

dumitru.paraschivescu@ugb.ro

willi.pavaloaia@ugb.ro Keywords: analysis, diagnosis, performance, indices, result, ratio

Abstract:Although the enterprise performance concept regards various aspects, in financial analysis it is regularly associated with profitableness, with the enterprise’s capacity to obtain profit. Profitability indices like result or ratio are analyzed ex-post on the basis of financial statements. The evolution over time of these indices may offer important information and has to be placed at the basis of future managerial decisions.

Introduction

In the business domain, the performance concept regularly signifies a success, a good result obtained in the firm’s specific domain. The quantification of this success may be realised through a series of quantitative and qualitative indices, such as: the sales revenue, market quota, added value, staff qualification, efficient administration of available economic means and environment protection, etc.

The performant enterprise is the enterprise that creates value for shareholders, that satisfies clients, that takes into consideration the employees’ opinion and that respects the natural environment1.

The performance is multiple, it differs according to the person that evaluates it, because each one regards performance from his own point of view. Therefore, the performant enterprise is the one that conciliates the expectations of all its partners.

But, the performance of an enterprise is mostly associated to its profitability, respective to its capacity of obtaining profit. From this reason, the profitability indices are unanimously accepted for enterprise’s performances evaluation. These indices may be expressed either through absolute values, under the form of results, or in relative values, under the form of ratios.

1Jianu, I., 2007, Evaluarea, prezentarea şi analiza performanŃei întreprinderii: o abordare din prisma Standardelor InternaŃionale de Raportare Financiară, Bucureşti, Editura CECCAR, p. 24

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