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분야
hwp2. Eight methods to financial ratios
(1) ROA
(2) ROE
(3) EPS
(4) PER
(5) Current Ratio
(6) Quick Ratio
(7) Debt-to Equity Ratio
(8) Times interest earned ratio
3. Conclusion
2. Eight methods to financial ratios
(1) ROA
The return on assets (ROA) percentage shows how profitable a company's assets are in generating revenue.
ROA can be computed as:
ROA = Net Income + Interest Expense - Interest Tax savings / Average Total Assets
① Korean air
Korean Air
04
05
06
ROA
3.74%
1.47%
2.82%
Net income is increased 180 billion won compare to last year. And Interest expense increased 17 billion won. On the other hand, total Assets similar last year. Net income and Interest expense are increase, So ROA is increase.
② Asiana airline
Asiana Air
04
05
06
ROA
7.05%
0.85%
3.53%
Net income is increased 100 billion won compare to last year. And Interest expense increased 40 billion won. total Assets also increase than last year. Net income is increased compare to increasing asset, Roa increase 2.7%. So I think investors could expect high expectation than Korean Airline.
(2) ROE
① Korean air
350 hundred million of the amount of capital has been increased in 2006 compare to 2005. On the other hand, ROE has been increased, because 90% of net income has been increased. Investors can expect better a return, but it can't be higher than an increase of investment rate in Asiana Air.
After analyzing ROA and ROE, Korean Air's size of asset is bigger than Asiana Air's, but Asiana Air's return is bigger than Korean Air's. So investors could have
KOREAN AIR http://kr.koreanair.com/
ASIANA AIRLINES http://www.flyasiana.com/
Financial Supervisory Service http://dart.fss.or.kr/
