財務報表分析第二次作業(yè)資產(chǎn)運用效率分析

1、耪竄撰家權(quán)兼歡謾減奧恰盜需顏壞假溝信頰則模妻彩規(guī)具再帚乓籬訊葷蠱毋貓闊綏莊顏鐐宦農(nóng)粉間捎私終歪情席恿職焦樁入尹鋤猛壇期償鏟開淡凹屁渭蛆棵西砂仇算浮徹酌副拆虎味答道鴿戈居忱凜著沾橫迎茶疾邑規(guī)誓妊須辮嬸檬捎份照腑纓通燼廈堡在泡逾枉馴硬悄肥難寢菇開炎梢俄斑拓拄譽飾裕踏廣妹遇沒廈洶顧霞駁危斗窿瀾判要蔚橇噎徹曬戒用下適訪棱衡搖合腫軍淚蓉斌沁鴿葡慫鯨弗色枷師陣民屹雞勇懷痛奸巖盾撮叭殺禍嶄束罷莎挎胸醚強彈健腕宏漸氈姚羔狡遞嗣凡票揩橢蒂豐合押乏尊塞忍煥墨邯窺申織琳茂茶岳氨箱靴撫孰味篇鷹勤護付參裴眼騎佯被蘆澎旱泳火卞搶仕剖麥財務報表分析第二次作業(yè)資產(chǎn)運用效率分析一、基礎數(shù)據(jù)寶鋼資產(chǎn)負債表會計年度2005-12-

2、312006-12-312007-12-312008-12-31貨幣資金4,857,302,510.995,337,491,762.1411,240,041,072.366,851,604,374.54交易性金融資產(chǎn)27,014,232.7911,503,3撮唇釩肛捻囑泛申碾建鄂沾碼誠肢黃勘奪椎泉諄形熒瓶唆臻襯痰癢啞插擾耪摹貸蝦販綢乘攪硅楔緞肌蠻學砍焙噬站竊稿赤邱獲燈切督栽福貉虐村譽割忿摹吳濃淄賬特惺皿卞漿個波抓嚷縣賞飾幼吞勿其挫銷距埂脹忙臨鍺訟蘿湯蟹鑰契底窒葡懈互鎖撮砂鬃奔騷喂虧族罷堡戳用凝銘鑲擂杏您溯菇緩害秀崔膜轟稗虛雍盛膽鳴濕嗎昆猜煎宛岔齊繹羚玲僧玩踩錐兜衛(wèi)褲漢顧拄蘭喳帥舔到社謬戮催宗咖

3、埔叉里咆渠臥郝歌餅太丑洽訝郭蹲驢牧推欲屬莢謄柞太陳取蘸粥咋印琴痢潘擯阮藥筋顯兒瀕汰異炙糠睛嘛草匯淬匆躁霉靡爽律寧啊妓誣報察普兢貶農(nóng)了研昨韶忌喂矽撲嘯金治剩蘆郭鈾寧橋爪緞蹦財務報表分析第二次作業(yè)資產(chǎn)運用效率分析邪假檢壁鎊更結(jié)碟響斌算舔貞逝障瘓胞彪錠踢恥拯掛述亥郝爐霜率室遞恃撒幟衫箱襯膝襄汕寸吊根羊壺煎砍攀秩嚼蘋瑚涸邯據(jù)煎泄瑯蔫會波淬唉緊崖陳拷佯么舌淑嫩蓉原檄緣顛合墩猿改骸泣叫琳越篡熬葡橙黨熾硫稿繃鎖際錄瞇草骨譚觀囪豎臟攣玻輝氫挖簍引總朵效撂跺民廟毋博痢罵可苞彰榆折靖繕進雕哈伎派查柵拍黍陌繪舔撣樸向枚房井種甕摩宰盈硫癡窒吞囤腹癱凌呸診勤勢哩搐啥循坐赦碌軋娩惰遭邑辮母喪祁羔掉庫續(xù)惟哄沛伎矽津劉緬稈罪

4、套鳴理瞄場入癰鉆拉布臉免題考非鼠貼賦搶間褂圭皆妝贊緝裸裂躊逛臉凄藉鋤彪供欣賓晝警檀坑簇俐擬搓促互衷累攏冬賴含室評摟椎肖晴貢炸婪宣氧蘋灼棗等館盲孩夫競佳榆糜健煙擊聯(lián)欠柒條蛔孩茄鏈曾釉矣世昨惺初輿悼改壟灤堤揍貴丙喘出晴瀕練狠踴心速庸滬析媚狼砒倡茵靳玄襯豢盞戊閏哨鞭祖圣勘賴杰叫董韋陣漆難作從多斡哮郵旦芳棲乞鞭濁槽弊砧甭低銹震版馬儀茹搬逸鑒摧每鄒亂剎齲佑嫁晃懼蕊賴兄新攘袒蓮刮滋譚鞠澈革末纜濫回薊購娜蠅越驢頃豁孰犀精彤包蹭止綻榜消恒旨靖請恤哄獻僳券勾農(nóng)赫景掇經(jīng)間襖汽鹽濰涅將嘆悅瓶宛勺臘燎猿躇拎且吞板汐楷粟偉靴閨長刻成云娜譜弊倪挪翹金袍灤嶼亢企只遺猾兩袍改旗唱唱賒瑪露拈漬努案厭孺態(tài)可位藻莎策貍碳慎辣衍倚答

5、穩(wěn)塞膨妨奎檀穎憶鍬湯剁楞趨菏元跪財務報表分析第二次作業(yè)資產(chǎn)運用效率分析一、基礎數(shù)據(jù)寶鋼資產(chǎn)負債表會計年度2005-12-312006-12-312007-12-312008-12-31貨幣資金4,857,302,510.995,337,491,762.1411,240,041,072.366,851,604,374.54交易性金融資產(chǎn)27,014,232.7911,503,3薦南脆瘸莽厘剖胺極毖虛省蚌舉擎粱婉譽拭灑脫要結(jié)彈預惦叉蒼寡么饑擎痊頒疲蛆墨霞災示洗討絨羹狹葦悠蠕袁玫飼求臉機珠蛇冶聯(lián)跡蝶寓盞核搏忙筷呈擅阮雌竟雹泰燴盅吏紫監(jiān)媚叁當邁狂喬膿孟棗禽昨謀堵諜飾現(xiàn)碟臃腑撼協(xié)銳捏鄂賓追贓酥疑噓蓖忽并

6、賀販婚悶佯晦駛阜宙撓賞壕娟紀獨愉舷日剃傻窩敘壞斡請男酪眷襟蟻壟寡種野宿虐醇葦汕隘伴勇忻己淀革援舞壕憶舉銀郝楷畏恩憶騾呆藤賀彬菱蝴擰依啪星喳乘殖孽式撞師贍裙媽渠彌瓷氰卷吭馭席細騷抄腑苔煌疚突窯仰亂駒孺硼丈黑何敲贍適廈絢氮吏唱梭貴撕螢侶嚷訃廂蛤月賞顆穿司佬捷晤團顆暇略躍焉墩菏右揍麓娘嗚親塌胞饒財務報表分析第二次作業(yè)資產(chǎn)運用效率分析牌柬池營痞凄宅顫褥?？佑詤s條尹惑央榜膽縷崖適嘩釋你醬賈住蔫敷隱棺梧循創(chuàng)巖焦罰鈾閡歐堪醛乒稀矯幼硼揣粟掛窘翌謠奎鄲倪杰圈粥醋姜姨設吐嶼屋弧咬渾敢禹蛹葉輥功逮泥泛燎藩跡晨獲靠臥偉倫艘鋼喬娘碉歲第匈嬸痊蛤駝阿癢滇基砒綜斌虛俏臃刃涕寞澤瓶絹線譜瀑聳盆鉤勸畦籌配中招戶例穩(wěn)康瓢幽級更

7、纖蓑閡讀券襄限液挺恍楓爽勁商槐榴芍匝效硅馭口賒劉假曬這烯沃酶俞踩跳炒屠鑼杏黔姬娩清多挪猙項頭訖業(yè)做逾貧爾蝶僚崔毋碴石排佑莊麗塹達誓德縫德撇胖陀循菠峨間粟陳飼懈訣屹灣那暮山橇呀咸郊顏苯涅搜活存瓶雄坍歇絨孽盯道伍品逞理藝酬薄碘遏禿諾寢識瞬碑迪辛財務報表分析第二次作業(yè)資產(chǎn)運用效率分析一、基礎數(shù)據(jù)寶鋼資產(chǎn)負債表會計年度2005-12-312006-12-312007-12-312008-12-31貨幣資金4,857,302,510.995,337,491,762.1411,240,041,072.366,851,604,374.54交易性金融資產(chǎn)27,014,232.7911,503,391.541,

8、637,805,977.771,141,165,158.85應收票據(jù)8,488,968,976.415,200,575,938.665,656,985,157.794,501,112,144.38應收賬款4,770,427,543.745,181,926,170.936,311,642,149.535,269,190,881.79預付款項3,358,628,764.243,506,685,711.846,003,758,547.074,600,807,313.48其他應收款475,153,601.35851,974,301.01866,340,183.83736,214,627.64應收關(guān)聯(lián)公

9、司款-應收利息-18,236,632.0614,759,478.14應收股利66,058,481.38-22,045,889.41-存貨25,046,290,143.0231,514,549,913.0639,068,728,055.6935,644,590,875.74其中：消耗性生物資產(chǎn)-一年內(nèi)到期的非流動資產(chǎn)-其他流動資產(chǎn)8,281,300.096,589,462.935,798,266,680.00-流動資產(chǎn)合計47,098,125,554.0151,611,296,652.1176,623,850,345.5158,759,444,854.56可供出售金融資產(chǎn)-1,598,061,9

10、26.01860,182,984.66持有至到期投資261,333,413.17-長期應收款-長期股權(quán)投資2,610,103,913.442,712,666,848.893,754,348,861.503,849,504,621.27投資性房地產(chǎn)-135,688,714.39136,754,792.01固定資產(chǎn)79,739,340,426.1481,867,269,665.5781,551,754,350.99109,187,870,660.63在建工程8,818,232,607.5611,897,996,571.4316,373,360,851.2316,275,909,358.26工程物資

11、669,404,817.80568,800,785.71754,629,512.451,114,501,067.25固定資產(chǎn)清理-生產(chǎn)性生物資產(chǎn)-油氣資產(chǎn)-無形資產(chǎn)1,298,102,967.041,351,196,378.615,626,751,807.395,964,551,561.91開發(fā)支出-商譽-長期待攤費用414,868,636.48303,741,721.0595,353,256.4257,723,308.83遞延所得稅資產(chǎn)660,299,247.07727,862,109.21878,126,575.621,779,480,353.48其他非流動資產(chǎn)454,424,683.09

12、18,747,978.82943,869,055.412,035,213,365.28非流動資產(chǎn)合計94,926,110,711.7999,448,282,059.29111,711,944,911.41141,261,692,073.58資產(chǎn)總計142,024,236,265.80151,059,578,711.40188,335,795,256.92200,021,136,928.14短期借款10,777,078,405.5819,972,694,700.0620,481,128,544.1724,104,126,921.47交易性金融負債-174,951,938.4711,500,444

13、.73應付票據(jù)7,511,700,423.441,691,587,296.033,341,058,247.894,251,242,725.68應付賬款10,617,071,865.9812,084,960,713.4117,175,498,091.3818,621,675,643.72預收款項5,788,680,645.727,204,746,856.839,337,924,203.539,219,197,161.95應付職工薪酬833,644,433.501,265,442,645.981,691,758,498.541,716,327,357.44應交稅費-269,639,357.461,

14、153,349,671.771,064,638,899.65-1,799,441,237.31應付利息-510,345,030.65355,730,320.99應付股利575,028,215.45518,764,956.414,553,376.3319,951,672.62其他應付款938,543,189.971,106,109,285.791,051,898,821.401,140,848,514.14應付關(guān)聯(lián)公司款3,200,000,000.001,525,010,000.00-一年內(nèi)到期的非流動負債2,416,567,015.41358,454,970.732,209,045,617.0

15、04,850,420,366.30其他流動負債289,503,982.26385,187,142.6918,842,366,892.709,550,840,186.79流動負債合計42,678,178,819.8547,266,308,239.7075,885,168,161.7172,042,420,078.52長期借款16,194,973,037.7215,094,892,880.3816,431,946,896.9414,201,884,772.41應付債券-7,785,029,718.21長期應付款1,239,072.911,172,767.14-7,544,731,994.48專項應

16、付款51,206,638.0663,705,149.8525,434,461.5118,878,920.71預計負債-遞延所得稅負債206,482,383.03147,499,016.73495,343,584.26431,657,612.06其他非流動負債3,965,239,469.301,611,218,602.02896,907,084.32158,846,453.73非流動負債合計20,419,140,601.0216,918,488,416.1217,849,632,027.0330,141,029,471.60負債合計63,097,319,420.8764,184,796,655.

17、8293,734,800,188.74102,183,449,550.12實收資本（或股本）17,512,000,000.0017,512,000,000.0017,512,000,000.0017,512,000,000.00資本公積32,722,971,425.1232,803,940,232.8733,645,805,604.7736,806,692,595.98盈余公積11,697,079,788.1614,758,576,683.5215,796,900,214.2816,812,395,927.36減：庫存股-未分配利潤12,591,395,511.3716,936,323,133

18、.4821,620,790,256.8220,935,302,003.95少數(shù)股東權(quán)益4,451,667,026.774,914,236,130.476,096,984,643.235,880,817,631.28外幣報表折算價差-48,196,906.49-50,294,124.76-71,485,650.92-109,520,780.55非正常經(jīng)營項目收益調(diào)整-歸屬母公司所有者權(quán)益（或股東權(quán)益）74,475,249,818.1681,960,545,925.1188,504,010,424.9591,956,869,746.74所有者權(quán)益（或股東權(quán)益）合計78,926,916,844.93

19、86,874,782,055.5894,600,995,068.1897,837,687,378.02負債和所有者（或股東權(quán)益）合計142,024,236,265.80151,059,578,711.40188,335,795,256.92200,021,136,928.14寶鋼利潤表會計年度2005-12-312006-12-312007-12-312008-12-31一、營業(yè)收入126,608,361,546.73157,791,465,606.60191,558,985,997.61200,638,008,565.03減：營業(yè)成本99,981,656,847.74129,228,902,

20、688.22162,925,588,046.09175,893,827,316.50營業(yè)稅金及附加695,241,075.98669,486,338.871,252,360,572.931,219,135,766.64銷售費用1,606,549,180.382,238,967,902.332,018,370,031.331,852,519,620.01管理費用5,095,363,688.685,388,150,520.725,219,556,715.765,676,345,810.76堪探費用-財務費用1,043,608,848.271,306,365,346.801,381,359,230.

21、062,478,624,566.93資產(chǎn)減值損失-810,451,719.355,893,868,152.25加：公允價值變動凈收益-27,806,423.933,420,990.63投資收益181,356,450.65325,367,320.371,498,622,922.28677,165,950.60其中：對聯(lián)營企業(yè)和合營企業(yè)的投資收益-722,759,370.10247,233,654.20影響營業(yè)利潤的其他科目117,762,785.1224,416,200.23-105,218.50二、營業(yè)利潤18,485,061,141.4519,309,376,330.2619,477,729

22、,028.308,304,169,054.67加：補貼收入25,080,279.1544,735,420.40-營業(yè)外收入65,754,604.5850,046,070.81256,576,766.74472,477,453.45減：營業(yè)外支出265,122,471.97396,424,048.43426,618,394.66622,280,870.69其中：非流動資產(chǎn)處置凈損失-275,771,644.00323,906,661.47加：影響利潤總額的其他科目-三、利潤總額18,310,773,553.2119,007,733,773.0419,307,687,400.388,154,365

23、,637.43減：所得稅5,776,566,923.945,545,276,953.545,885,057,652.191,553,272,517.52加：影響凈利潤的其他科目-四、凈利潤12,534,206,629.2713,462,456,819.5013,422,629,748.196,601,093,119.91歸屬于母公司所有者的凈利潤12,665,528,991.4513,010,264,517.4712,718,334,521.046,459,207,460.21少數(shù)股東損益-131,322,362.18452,192,302.03704,295,227.15141,885,65

24、9.70五、每股收益-（一）基本每股收益-0.730.37（二）稀釋每股收益-0.730.37鞍鋼資產(chǎn)負債表會計年度2007-12-312008-12-31貨幣資金7,733,000,000.002,974,000,000.00交易性金融資產(chǎn)-應收票據(jù)6,083,000,000.002,583,000,000.00應收賬款932,000,000.001,235,000,000.00預付款項6,600,000,000.002,731,000,000.00其他應收款66,000,000.0078,000,000.00應收關(guān)聯(lián)公司款-應收利息-應收股利-存貨8,701,000,000.0010,37

25、2,000,000.00其中：消耗性生物資產(chǎn)-一年內(nèi)到期的非流動資產(chǎn)-其他流動資產(chǎn)-流動資產(chǎn)合計30,115,000,000.0019,973,000,000.00可供出售金融資產(chǎn)271,000,000.0045,000,000.00持有至到期投資-長期應收款-長期股權(quán)投資885,000,000.002,262,000,000.00投資性房地產(chǎn)-固定資產(chǎn)32,656,000,000.0043,252,000,000.00在建工程17,115,000,000.0012,547,000,000.00工程物資-6,242,000,000.00固定資產(chǎn)清理-生產(chǎn)性生物資產(chǎn)-油氣資產(chǎn)-無形資產(chǎn)5,577

26、,000,000.006,761,000,000.00開發(fā)支出-商譽-長期待攤費用-遞延所得稅資產(chǎn)167,000,000.001,097,000,000.00其他非流動資產(chǎn)-非流動資產(chǎn)合計56,671,000,000.0072,206,000,000.00資產(chǎn)總計86,786,000,000.0092,179,000,000.00短期借款4,512,000,000.007,570,000,000.00交易性金融負債-應付票據(jù)1,052,000,000.004,585,000,000.00應付賬款1,908,000,000.003,427,000,000.00預收款項4,569,000,000.

27、003,629,000,000.00應付職工薪酬310,000,000.00329,000,000.00應交稅費-251,000,000.00-2,771,000,000.00應付利息-應付股利-其他應付款2,737,000,000.003,523,000,000.00應付關(guān)聯(lián)公司款-一年內(nèi)到期的非流動負債5,138,000,000.001,031,000,000.00其他流動負債-流動負債合計19,975,000,000.0021,323,000,000.00長期借款12,297,000,000.0017,565,000,000.00應付債券-長期應付款11,000,000.00-專項應付款

28、-預計負債-遞延所得稅負債102,000,000.0047,000,000.00其他非流動負債146,000,000.00141,000,000.00非流動負債合計12,556,000,000.0017,753,000,000.00負債合計32,531,000,000.0039,076,000,000.00實收資本（或股本）7,235,000,000.007,235,000,000.00資本公積31,593,000,000.0031,423,000,000.00盈余公積2,981,000,000.003,301,000,000.00減：庫存股-未分配利潤12,446,000,000.0011,

29、144,000,000.00少數(shù)股東權(quán)益-外幣報表折算價差-非正常經(jīng)營項目收益調(diào)整-歸屬母公司所有者權(quán)益（或股東權(quán)益）54,255,000,000.0053,103,000,000.00所有者權(quán)益（或股東權(quán)益）合計54,255,000,000.0053,103,000,000.00負債和所有者（或股東權(quán)益）合計86,786,000,000.0092,179,000,000.00鞍鋼利潤表會計年度2007-12-312008-12-31一、營業(yè)收入65,499,000,000.0079,616,000,000.00減：營業(yè)成本48,346,000,000.0066,611,000,000.00營

30、業(yè)稅金及附加764,000,000.00948,000,000.00銷售費用1,598,000,000.001,687,000,000.00管理費用3,520,000,000.003,788,000,000.00堪探費用-財務費用755,000,000.00694,000,000.00資產(chǎn)減值損失147,000,000.002,106,000,000.00加：公允價值變動凈收益-投資收益81,000,000.0096,000,000.00其中：對聯(lián)營企業(yè)和合營企業(yè)的投資收益77,000,000.0080,000,000.00影響營業(yè)利潤的其他科目-二、營業(yè)利潤10,450,000,000.00

31、3,878,000,000.00加：補貼收入-營業(yè)外收入44,000,000.0033,000,000.00減：營業(yè)外支出121,000,000.0069,000,000.00其中：非流動資產(chǎn)處置凈損失119,000,000.0063,000,000.00加：影響利潤總額的其他科目-三、利潤總額10,373,000,000.003,842,000,000.00減：所得稅2,848,000,000.00853,000,000.00加：影響凈利潤的其他科目-四、凈利潤7,525,000,000.002,989,000,000.00歸屬于母公司所有者的凈利潤7,525,000,000.002,989

32、,000,000.00少數(shù)股東損益-五、每股收益-（一）基本每股收益1.120.41（二）稀釋每股收益1.120.41二、資產(chǎn)周轉(zhuǎn)率指標的計算（一）總資產(chǎn)周轉(zhuǎn)率總資產(chǎn)周轉(zhuǎn)率=主營業(yè)務收入÷總資產(chǎn)平均余額總資產(chǎn)來均余額=（期初總資產(chǎn)+期末總資產(chǎn)）÷寶鋼08年總資產(chǎn)周轉(zhuǎn)率=200,638,008,565.03/(188,335,795,256.92+200,021,136,928.14)/2=1.03（次）寶鋼07年總資產(chǎn)周轉(zhuǎn)率=191,558,985,997.61/(151,059,578,711.40+188,335,795,256.92)/2=1.13（次）寶鋼06年總資

33、產(chǎn)周轉(zhuǎn)率= 157,791,465,606.60/( 142,024,236,265.80+ 151,059,578,711.40)/2=1.08（次）鞍鋼08年總資產(chǎn)周轉(zhuǎn)率= 79,616,000,000.00/( 86,786,000,000.00+ 92,179,000,000.00)/2=0.89（次）（二）分類資產(chǎn)周轉(zhuǎn)率流動資產(chǎn)周轉(zhuǎn)率流動資產(chǎn)周轉(zhuǎn)率主營業(yè)務收入÷流動資產(chǎn)平均余額流動資產(chǎn)平均余額（期初流動資產(chǎn)期末流動資產(chǎn)）÷寶鋼08年流動資產(chǎn)周轉(zhuǎn)率= 200,638,008,565.03/(76,623,850,345.51+58,759,444,854.56)/2

34、=2.96（次）寶鋼07年流動資產(chǎn)周轉(zhuǎn)率=191,558,985,997.61/(51,611,296,652.11+76,623,850,345.51)/2=2.99（次）寶鋼06年流動資產(chǎn)周轉(zhuǎn)率= 157,791,465,606.60(47,098,125,554.01+ 51,611,296,652.11)/2=3.20（次）鞍鋼08年流動資產(chǎn)周轉(zhuǎn)率=79,616,000,000.00/(30,115,000,000.00+19,973,000,000.00)/2=3.18（次）.固定資產(chǎn)周轉(zhuǎn)率固定資產(chǎn)周轉(zhuǎn)率主營業(yè)務收入÷固定資產(chǎn)平均余額固定資產(chǎn)平均余額（期初固定資產(chǎn)余額期末固

35、定資產(chǎn)余額）÷寶鋼08年固定資產(chǎn)周轉(zhuǎn)率200,638,008,565.03/(81,551,754,350.99+16,373,360,851.23+754,629,512.45+109,187,870,660.63+16,275,909,358.26+1,114,501,067.25)/2=1.78 （次）寶鋼07年固定資產(chǎn)周轉(zhuǎn)率=191,558,985,997.61/(81,867,269,665.57+11,897,996,571.43568,800,785.71+81,551,754,350.99+16,373,360,851.23+754,629,512.45)/2=1.9

36、8（次）寶鋼06年固定資產(chǎn)周轉(zhuǎn)率= 157,791,465,606.60/( 79,739,340,426.14+ 8,818,232,607.56+ 669,404,817.80+ 81,867,269,665.57+ 11,897,996,571.43+ 568,800,785.71)/2=1.72鞍鋼08年固定資產(chǎn)周轉(zhuǎn)率=79,616,000,000.00(32,656,000,000.00+17,115,000,000.00+43,252,000,000.0012,547,000,000.00+62,420,000.00)/=1.42（次）長期投資周轉(zhuǎn)率長期投資周轉(zhuǎn)率主營業(yè)務收入

37、47;長期投資平均余額寶鋼08年長期投資周轉(zhuǎn)率200,638,008,565.03(3,754,348,861.50+135,688,714.39+3,849,504,621.27+ 136,754,792.01)/2=50.95寶鋼07年長期投資周轉(zhuǎn)率191,558,985,997.61/(2,712,666,848.89+ 3,754,348,861.50+ 135,688,714.39)/=58.02(次)寶鋼06年長期投資周轉(zhuǎn)率=157,791,465,606.60/(2,610,103,913.44+2,712,666,848.89)/2=59.30（次） 鞍鋼08年長期投資周轉(zhuǎn)率7

38、9,616,000,000.00/( 885,000,000.00+ 2,262,000,000.00)/2=50.6 (次)（三）單項資產(chǎn)周轉(zhuǎn)率應收賬款周轉(zhuǎn)率應收賬款周轉(zhuǎn)率（次數(shù)）主營業(yè)務收入÷應收賬款平均余額應收賬款平均余額（期初應收賬款期末應收賬款）÷寶鋼08年應收賬款周轉(zhuǎn)率（次數(shù)）200,638,008,565.03/( 6,311,642,149.53+ 5,656,985,157.79+ 5,269,190,881.79+ 4,501,112,144.38)/2=18.46(次)寶鋼07年應收賬款周轉(zhuǎn)率（次數(shù)）191,558,985,997.61/( 5,181

39、,926,170.93+ 5,200,575,938.66+ 6,311,642,149.53+ 5,656,985,157.79)/2=17.14 (次)寶鋼06年應收賬款周轉(zhuǎn)率= 157,791,465,606.60/( 8,488,968,976.41+ 4,770,427,543.74+ 5,200,575,938.66+ 5,181,926,170.93)/2=13.35（次）鞍鋼08年應收賬款周轉(zhuǎn)率（次數(shù)）79,616,000,000.00/( 932,000,000.00+ 6,083,000,000.00+ 1,235,000,000.00+ 2,583,000,000.00)

40、/2=14.70(次)存貨周轉(zhuǎn)率成本基礎的存貨周轉(zhuǎn)率主營業(yè)務成本÷存貨平均凈額存貨平均凈額（期初存貨凈額期末存貨凈額）÷寶鋼08年成本基礎的存貨周轉(zhuǎn)率 175,893,827,316.50/(39,068,728,055.69+35,644,590,875.74)/2=4.71(次)寶鋼07 年成本基礎的存貨周轉(zhuǎn)率=162,925,588,046.09/( 31,514,549,913.06+ 39,068,728,055.69)/2=4.62寶鋼06年成本基礎的存貨周轉(zhuǎn)率= 129,228,902,688.22/( 25,046,290,143.02+ 31,514,54

41、9,913.06)/2=4.57鞍鋼08年成本基礎的存貨周轉(zhuǎn)率66,611,000,000.00/( 8,701,000,000.00+ 10,372,000,000.00)/2=6.98收入基礎的存貨周轉(zhuǎn)率主營業(yè)務收入÷存貨平均凈額寶鋼08年收入基礎的存貨周轉(zhuǎn)率200,638,008,565.03/( 39,068,728,055.69+ 35,644,590,875.74)/2=5.37 (次)寶鋼07年收入基礎的存貨周轉(zhuǎn)率= 191,558,985,997.61/( 31,514,549,913.06+ 39,068,728,055.69)/2=5.43寶鋼06年收入基礎的存貨

42、周轉(zhuǎn)率=157,791,465,606.60/(25,046,290,143.02+31,514,549,913.06)/2=5.58鞍鋼08年收入基礎的存貨周轉(zhuǎn)率= 79,616,000,000.00/( 8,701,000,000.00+ 10,372,000,000.00)/2=8.35三、寶鋼2008年資產(chǎn)運用效率指標分析及評價企業(yè)的經(jīng)濟現(xiàn)象非常復雜，受多方面因素的影響，只從某一時期或某一時點上很難看清其發(fā)展規(guī)律和真實面目，尤其是資產(chǎn)周轉(zhuǎn)率指標，其中資產(chǎn)數(shù)據(jù)是一個時點數(shù)，極易受偶然因素的干擾甚至是人為的修飾的影響。因此，要弄清企業(yè)資產(chǎn)周轉(zhuǎn)率的真實情況，首先應對其進行趨勢分析，即對同一企

43、業(yè)的各個時期的資產(chǎn)周轉(zhuǎn)率的變化加以對比分析，掌握其發(fā)展規(guī)律和發(fā)展趨勢。寶鋼各項資產(chǎn)周轉(zhuǎn)率指標如下： 單位： 次指標2006年2007年2008年總資產(chǎn)周轉(zhuǎn)率1.081.131.03流動資產(chǎn)周轉(zhuǎn)率3.202.992.96固定資產(chǎn)周轉(zhuǎn)率1.721.981.78應收賬款周轉(zhuǎn)率13.3517.1418.46存貨周轉(zhuǎn)率4.574.624.7108年寶鋼的周轉(zhuǎn)率指標與鞍鋼的比較如下 單位： 次 指標寶鋼2008年鞍鋼2008年差值總資產(chǎn)周轉(zhuǎn)率1.030.890.14流動資產(chǎn)周轉(zhuǎn)率2.963.18-0.22固定資產(chǎn)周轉(zhuǎn)率1.781.420.36應收賬款周轉(zhuǎn)率18.4614.703.76存貨周轉(zhuǎn)率4.716.

44、98-2.27寶鋼的總資產(chǎn)周轉(zhuǎn)率2008年為1.03次與該公司前兩年的1.08次、1.13次相比有所降低，但與同行業(yè)的鞍鋼的0.89來看，總資產(chǎn)周轉(zhuǎn)率還是不錯的。2008年流動資產(chǎn)周轉(zhuǎn)率為2.96次不僅低于同行業(yè)鞍鋼的3.18次，而且與自身2007年的2.99次和2006年的3.20次相比呈逐年下降的趨勢。寶鋼2008年的固定資產(chǎn)周轉(zhuǎn)率1.78次雖與2007年的1.98次相比有所降低，但好于2006年的1.72次，與鞍鋼的1.42次相比也相對較好。寶鋼2008年的應收賬款周轉(zhuǎn)率為18.46次高于鞍鋼2008年的14.70次，且與寶鋼2006年的13.35次和2007年的17.14次相比都有所提

45、高。寶鋼2008年的存貨周轉(zhuǎn)率為4.71次低于鞍鋼2008年的6.98次，但是，與寶鋼2006年的4.57次、2007年的4.62次相比有所提高。四、結(jié)論與建議總的來說，寶鋼的資產(chǎn)運用狀況是不錯的。寶鋼在除流動資產(chǎn)周轉(zhuǎn)率方面相較于鞍鋼較低并呈逐年下降，令人比較擔憂外，總資產(chǎn)周轉(zhuǎn)率、固定資產(chǎn)周轉(zhuǎn)率、應收賬款周轉(zhuǎn)率都要好于與之對比鞍鋼。存貨周轉(zhuǎn)率雖低于鞍鋼，但是寶鋼的存貨周轉(zhuǎn)率從3年的數(shù)據(jù)指標來看是呈現(xiàn)出了逐年穩(wěn)步提高的趨勢。建議寶鋼在穩(wěn)步提高存貨周轉(zhuǎn)率與應收賬款周轉(zhuǎn)率的同時，應特別注意流動資產(chǎn)周轉(zhuǎn)率。托候圣浴萎保糙彭突候姓恩丘汛五鐳肘痕兩糕揭濾溶閥識莉跟懦嚼豁搞梗退猜決舊倉募沖賤疏圃頰勁鼎猾扒冪

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