专英小组作业 - 沃尔比重财务绩效分析

WallProportionofAirlinePerformanceEvaluationandAnalysis•Calculatetheformulaaspects•Givetheweights•ScoringRules•EntropyweightMethod•Contentanalysis•FactorAnalysis•Wall-proportionmethodWallproportionofairlineperformanceevaluationandanalysisOverviewHistorymethodsWallproportionAdvantageanddisadvantage•Ideasofanalysis•ProceduresofWall-proportionEasytooperateThedefinitionandimportanceofAirlinesoperatingresultsevaluationOverviewAirlinesoperatingresultsevaluationisthemaineconomicindicatorsoftheairlinecompaniesoperatingconditions.Howdoesscientificlyandaccuratelyevaluatethelistingofairlineperformance,analyzetheprosandconsofbusinessmanagementbothhaveimportanttheoreticalandpracticalsignificance.Theevaluationdataoftheoperatingresults,mainlyfromthecompany'sfinancialreportsandbusinessperformanceindicators.1、Historymethodsofairlinesperformanceevaluation（1）EntropyMethod（2）Contentanalysis（3）FactorAnalysis（4）Wall-proportionmethod(1)EntropyMethod①IdeasofAnalysis.②Entropyweightmethodovercomesthetraditionalmethodfordeterminingtheevaluationindexesweightfactorofsubjectivefactors.③Buttherearemanyfactorsthatinfluencetheperformanceofairlines,suchasthegeographiclocationofairlines,flightroutenetwork,enterprisehumanresources,thesebothwillhaveeffectsontheairlinecompanyproduces,therefore,thismethodneedstobefurtherin-depthandperfect.(2)Contentanalysis①IdeasofAnalysis.②TheadvantageofContentanalysisisobjective,itrequiresresearcherstostepbystepaccordingtoapre-setplan,andresearcher’ssubjectiveattitudeisnoteasytoaffecttheresultsofthestudy.③Thedisadvantageofthecontentanalysismethodisalsotheobjectivity,andmorestructured,inaccordancewithaplantoimplement,tojudgeindexsystemhasbeenrecorded.Besides,thereliabilityofthefinaljudgmentisalsoproblemstobefaced.(3)FactorAnalysis①IdeasofAnalysis.②Advantages:Factoranalysiscansimplifythesystemstructure,andabletoidentifythelinksbetweenthemandtheinherentregularityintheanalysisofmultivariablesystems.③Disadvantages:Noteasytodeterminetherelatedfactors，anditalsohasdifficultyinclassifyingfactorswhichhavesimilarsystemnature.(4)Wall-proportionmethod①Wall-proportionmethodisthecombinedratioevaluationsystemproposedbytheUnitedStates,AlexanderWallin1928.Itcombinestheselectedfinancialratioswithlinearrelationshipandrespectivelygivesscoreproportionofeachfinancialratio,andthencomparedwiththestandardratiotodeterminetheindexscoreandthecumulativescoresoftheoveralltargetthusevaluatescreditlevelofbusiness.(4)Wall-proportionmethod②Wallproportionmethodcanadapttothediversityandcomprehensiveofevaluation.Usingittoevaluatetheairlinebusinessperformance,itcancomprehensivelyreflecttheairline'soperatingresults.2、Wall-proportionmethod(1)Ideasofanalysis：Usingconventionalratiosandusingtheadvancedleveloftheindicatorsoftheindustryasastandardvalue,andindicatorscombinedwithalinearrelationship.Thengivetherespectiveproportionofthefraction,bycomparingtheactualvalues​​withthestandardratiotodeterminetheindexscoreandoverallthecumulativescoresoftheindicators,toevaluatebusinessperformance.（2）Stepsareasfollows：1)Airlinesoperatingperformanceindicatorsandevaluationsystem.①Staticindicators:Assetnetprofitmargin/Currentratio/Debtratio②Dynamicindicators：Thegrowthrateofmainbusinessincome/Totalassetturnoverratio/Theaccountsreceivableturnoverratio/Theinventoryturnoverratio/Netassetsgrowthratio/Thenetprofitmargingrowthratio2)Determinationofstandardvalue3)theweightsofIndexvalue4)Calculatingcomprehensiveevaluationvalue:Comprehensiveevaluationvalue=∑(weight×relationshipratio)（relationshipratioingeneralistheactualvaluedividedbythestandardvalue）3、TheadvantagesanddisadvantagesofWall-proportiongradingmethod(1)TheadvantagesoftheWall-scoringapplicationsUnrelatedfinancialindicatorsinaccordancewiththeweighttobeintegratedlinkage，andmakethecomprehensiveevaluationbepossible.(2)ThedisadvantagesoftheWall-scoringapplicationsCalculatetheformulaaspectsGivetheweightsScoringRulesSummaryOverall,usingWall-proportionmethodtoevaluatetheoperatingresultsoftheairlinesareabletoadapttothediversityandcomprehensivenessoftheevaluationandtohaveawiderapplicationvalue.