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Scientific paper ID 1177 : 2015/3
EVALUATION OF FINANCILA EFFECTIVENESS OF EUROPEAN AIRLINES USING THE DUPONT SYSTEM OF ANALYSIS
Iovko IOTZEV Under the European economic crisis conditions the airlines are struggling to improve their financial effectiveness in order to survive on the market of air services. A frequent indicator for the success of the airlines is the number of passengers carried and/or the volume of cargo carried together with the market share. However an answer to the question how to compare the airlines as enterprises generating profits is rarely sought after. The DuPont system of analysis is becoming more and more popular as a means of evaluation of the financial effectiveness of the companies in any industry. It could also be applied to the airlines and the results produced would become a foundation for comparison between airlines.
възвръщаемост върху общите активи – измерва цялостната ефективност на управлението по отношение на генерирането на печалба с наличните активи; мултипликатор на финансовия левъридж – отношение на общите активи на фирмата и собствения капитал; възвръщаемоIovko IOTZEV BIBLIOGRAPHY [1] Gitman, Lawrence J., Zutter, Chad J., Principles of managerial finance, Prentice Hall, Boston, 2012. [2] DBRS, Methodology Rating Companies in the Airline Industry , October 2011. [3] Doganis, R., Flying off Course, The Economics of International Airlines, Third Edition, Routledge, 2002. |
