资产负债结构与盈利模式的关联关系研究——基于苹果和雅戈尔公司财务数据的分析
Research on the Relationship between Asset Liability Structure and Profit Model——Analysis based on financial data of Apple and Yagor Company
杨大威1
作者信息
- 1. 合肥经济技术职业学院 经济管理学院,安徽 合肥 230030
- 折叠
摘要
上市公司的盈利模式与其资产结构和负债结构存在着密切的关联关系,一般而言,仅以流动性及非流动性资产和流动性及非流动性负债的结构分析方法,难以准确判定一家公司的盈利模式.依据利润来源将资产负债结构划分为经营性负债、金融性负债、经营性资产、投资性资产、经营性利润和投资性利润,对比分析这些指标之间的关联关系,更能有效地判定一家公司的盈利模式.以苹果公司和雅戈尔公司为研究对象,对两家公司的资产负债结构与盈利模式的关联关系进行了研究.结果表明:从投资性资产和经营性资产的结构关系来看,苹果公司和雅戈尔公司均表现出投资型和经营型并重的盈利模式;从经营性利润和投资性利润的结构关系来看,苹果公司是经营主导型模式,雅戈尔公司则表现出明显的投资主导型模式;雅戈尔公司的经营性利润和投资性利润表现出互补性的关系,而苹果公司没有这种特征.
Abstract
There is a close correlation between the profit model of listed companies and their asset and liability struc-tures.Generally speaking,it is difficult to accurately determine a company's profit model based solely on the structural analysis methods of liquidity and non liquidity assets and liquidity and non liquidity liabilities.By dividing the asset lia-bility structure into operating liabilities,financial liabilities,operating assets,investment assets,operating profits,and investment profits based on the source of profits,a comparative analysis of the correlation between these indicators can more effectively determine a company's profit model.This article focuses on the relationship between the asset liability structure and profit model of Apple and Youngor,and the specific conclusions include:from the structural relationship between investment assets and operating assets,both Apple and Youngor exhibit a profit model that emphasizes both in-vestment and operation;From the perspective of the structural relationship between operating profit and investment prof-it,Apple is a business oriented model,while Younger Company shows a clear investment oriented model;The operating profit and investment profit of Yagor Company exhibit a complementary relationship,while Apple Company does not have this characteristic.
关键词
负债结构/资产结构/盈利模式Key words
Debt structure/Asset structure/Profit model引用本文复制引用
出版年
2024
NETL
NSTL
万方数据