问题如下图:
选项:
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解释:
NO.PZ201602060100002003问题如下3. Baseon Abay’s criterithe business segment best suitefor vestiture is:A.mecequipment.B.power aninstrial.C.automation equipment.B is correct.The Power anInstrisegment hthe lowest EBIT margins but uses about 31 percent of the capitemploye Further, Power anInstrial’s proportion of the capitexpentures hincreasefrom 32 percent to 36 percent over the three years. Its capitintensity only looketo get worse, the segment’s percentage of totcapitexpentures whigher thits percentage of totcapitin eaof the three years. If Abis consiring vesting segments th not earn sufficient returns on capitemploye this segment is most suitable.解析考点是capitallocation cision。首先计算部门的capEX%/Asset%,Power部门2007和2009年的capEX%/Asset%分别是1.07和1.13,说明公司对Power部门在加速投资,capEX%从2007年的32%增加到了2009年的36%,也就是Power部门的capitexpentures占了公司总capitexpentures的约1/3,但是Power部门的EBITmargin是三个部门最低的,因此如果公司要选择一个部门降低投资,Power部门是最合适的。我算的是auto和power部门的capx%/asset%都大于1,是不是说明这两个部门在加速投资,只是auto的速度在放缓,要从这两个里面选利润率低的减少投资的,mecal的小于1,是不是直接不用考虑了
NO.PZ201602060100002003 问题如下 3. Baseon Abay’s criterithe business segment best suitefor vestiture is: A.mecequipment. B.power aninstrial. C.automation equipment. B is correct.The Power anInstrisegment hthe lowest EBIT margins but uses about 31 percent of the capitemploye Further, Power anInstrial’s proportion of the capitexpentures hincreasefrom 32 percent to 36 percent over the three years. Its capitintensity only looketo get worse, the segment’s percentage of totcapitexpentures whigher thits percentage of totcapitin eaof the three years. If Abis consiring vesting segments th not earn sufficient returns on capitemploye this segment is most suitable.解析考点是capitallocation cision。首先计算部门的capEX%/Asset%,Power部门2007和2009年的capEX%/Asset%分别是1.07和1.13,说明公司对Power部门在加速投资,capEX%从2007年的32%增加到了2009年的36%,也就是Power部门的capitexpentures占了公司总capitexpentures的约1/3,但是Power部门的EBITmargin是三个部门最低的,因此如果公司要选择一个部门降低投资,Power部门是最合适的。 比如第一个公司是10705/49380=21.7%,然后用EBIT占比除于这个占比,就是11%/21.7%=0.51,三个都这么算下来,取最小的那个,答案是一样的,请问这么做对么
NO.PZ201602060100002003 问题如下 3. Baseon Abay’s criterithe business segment best suitefor vestiture is: A.mecequipment. B.power aninstrial. C.automation equipment. B is correct.The Power anInstrisegment hthe lowest EBIT margins but uses about 31 percent of the capitemploye Further, Power anInstrial’s proportion of the capitexpentures hincreasefrom 32 percent to 36 percent over the three years. Its capitintensity only looketo get worse, the segment’s percentage of totcapitexpentures whigher thits percentage of totcapitin eaof the three years. If Abis consiring vesting segments th not earn sufficient returns on capitemploye this segment is most suitable.解析考点是capitallocation cision。首先计算部门的capEX%/Asset%,Power部门2007和2009年的capEX%/Asset%分别是1.07和1.13,说明公司对Power部门在加速投资,capEX%从2007年的32%增加到了2009年的36%,也就是Power部门的capitexpentures占了公司总capitexpentures的约1/3,但是Power部门的EBITmargin是三个部门最低的,因此如果公司要选择一个部门降低投资,Power部门是最合适的。 AUTO 1.287463489 2.05041344 2.201007003 POWER1.121170243 1.133558141 1.057212739me.781705626 0.631579766 0.669085727ebit怎么拿这个和ebit比较?
NO.PZ201602060100002003 问题如下 3. Baseon Abay’s criterithe business segment best suitefor vestiture is: A.mecequipment. B.power aninstrial. C.automation equipment. B is correct.The Power anInstrisegment hthe lowest EBIT margins but uses about 31 percent of the capitemploye Further, Power anInstrial’s proportion of the capitexpentures hincreasefrom 32 percent to 36 percent over the three years. Its capitintensity only looketo get worse, the segment’s percentage of totcapitexpentures whigher thits percentage of totcapitin eaof the three years. If Abis consiring vesting segments th not earn sufficient returns on capitemploye this segment is most suitable.解析考点是capitallocation cision。首先计算部门的capEX%/Asset%,Power部门2007和2009年的capEX%/Asset%分别是1.07和1.13,说明公司对Power部门在加速投资,capEX%从2007年的32%增加到了2009年的36%,也就是Power部门的capitexpentures占了公司总capitexpentures的约1/3,但是Power部门的EBITmargin是三个部门最低的,因此如果公司要选择一个部门降低投资,Power部门是最合适的。 老师能列一下求解数字过程吗?
NO.PZ201602060100002003 capEX%/Asset%,Power部门2007和2009年的capEX%/Asset%分别是1.07和1.13,说明公司对Power部门在加速投资,capEX%从2007年的32%增加到了2009年的36%,也就是Power部门的capitexpentures占了公司总capitexpentures的约1/3,请问1.07, 1.13, 32%,36%是怎么计算出来的,跟题目中的EBIT又有什么关系。答案写的不是很详细,麻烦老师再详细说明一下思路和计算过程。