Niederlande

Bibliographic data

Monograph

Identifikator:: 1739110889

URN:: urn:nbn:de:zbw-retromon-131976

Document type:: Monograph

Title:: Niederlande

Place of publication:: Berlin

Publisher:: Mittler

Year of publication:: 1926

Scope:: IV, 131 Seiten

Digitisation:: 2020

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Ausführungsbestimmung zu den Positionen 2 und 150 des Einfuhrzolltarifs. Entschließung des Finanzministers vom 12. Februar 1925 (Nederlandsche Staatscourant 1925 Nr. 32 vom 16. Februar 1925

Collection:: Economics Books

REVENUE II. THE NET WORTH RATIO In Part I, the ratio of revenue to total assets was analyzed as a quantitative measure of the productiveness of total operating invest- ment; here it is proposed to study the productiveness controlled by ownership capital through the analysis of the ratio of Gross Revenue to Net Worth. Since Net Worth includes capital stock, preferred as well as common, and undistributed surplus, it represents the stockholders’ inter- est, or equity in the corporation. This ratio then expresses the number of cents of gross revenue controlled per dollar of stockholder capital. In a sense it shows the amount which might presumably be available per stockholder-dollar, if there were no operating expenses and fixed charges to be deducted. A relatively high ratio indicates that the stockholders’ dollar is highly active and will be highly productive if the margin of the profits remains unchanged. A low ratio would be a less favorable showing. THE PRODUCTIVENESS OF OWNERSHIP CAPITAL In analyzing the available public utility balance sheets, 1495 cases were found where it was possible tocalculate the revenue /net worth ratio. In some instances where a deficit existed in place of net worth or where the data for some years were not given, no ratio could be calculated. Seventy-eight of the total available cases produced a ratio of 1.00 or more. These unusual cases will first be briefly characterized and this will be followed by the analysis of the 1417 remaining cases which are rather regularly distributed between zero and a ratio of one. Since a ratio is the quotient obtained by dividing one quantity by another, any unusual change in either the dividend (here the revenue) or the divisor (here the net worth) without a corresponding change in the other quantity will produce a corresponding change in the ratio as a quotient. By coincidence just one-half of the 78 unusual ratios here presented were due to the fact that net worth was below the normal figure shown by our other studies, and one-half to the fact that there had been an unusual increase in gross revenue or that increases in revenue consist- ently ran ahead of increases in net worth. Decreases in net worth pro- duced very unusual ratios in some instances. Two cases were, noted for {153

Access restriction

Copyright

fullscreen: Object

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation