UC知道大虾，翻译求助，分不多，不要嫌弃
来源：百度知道 编辑：UC知道 时间：2024/07/07 11:01:07
Comparision of TKVA with other controlling figures
The – income/loss before income taxes（EBT）is a period-oriented and by accounting principles objectified performance measure。
The EBT includes interest on debt capital including accrued pension and similar obligations， but disregards interest on equity capital. Management by EBT thus leads to a demand for equity capital. However， financing debt capital is significantly disadvantaged. An increase in EBT does not necessarily lead to value enhancement. Thus it is possible that an increase in capital employed increases EBT, but still
is not sufficient to meet the return requirements of all investors. Growth-based EBT increases may only be regarded as value enhancing when invested capital and the total cost of capital involved is taken into account.
Reverting to the – return on capital employed (ROCE) as an excessively maximizing measure may, in isolated cases, lead to incorrect decisions. If the ROC
The – income/loss before income taxes（EBT）is a period-oriented and by accounting principles objectified performance measure。
The EBT includes interest on debt capital including accrued pension and similar obligations， but disregards interest on equity capital. Management by EBT thus leads to a demand for equity capital. However， financing debt capital is significantly disadvantaged. An increase in EBT does not necessarily lead to value enhancement. Thus it is possible that an increase in capital employed increases EBT, but still
is not sufficient to meet the return requirements of all investors. Growth-based EBT increases may only be regarded as value enhancing when invested capital and the total cost of capital involved is taken into account.
Reverting to the – return on capital employed (ROCE) as an excessively maximizing measure may, in isolated cases, lead to incorrect decisions. If the ROC
TKVA Comparision 以其它控制图 - income/loss 在收入taxes?EBT?is 针对期间和由会计原理objectified 工作指标之前? EBT 包括兴趣在债务资本包括累积退休金和相似的义务? 但忽视兴趣在业主权资本。管理由EBT 因而导致对业主权资本的需求。? 财务债务资本是显着贫困的。在EBT 的增量不一定带领重视改进。因而它是可能的在资本被使用的增量的增量EBT, 但仍然 不是充足符合所有投资者的回归要求。基于成长的EBT 增量也许只被认为价值提高当被投资的资本和总介入的集资费用被考虑到。 恢复对- 返回在资本被使用(ROCE) 如同一个过份地最大化的措施也许, 在例外情况, 导致不正确决定。如果事务的ROCE 已经是非常高的, 有唯一可能达到这样高甚至更高的ROCE 的几个措施。新项目, 在股份单整顿nay 领域主要地导致因此越来越少的ROCE 和因此被拒绝。但是, 每个项目以收入在集资费用之上(- WACC) 获得正面TKVA和是因此价值创造。