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Business ratios and formulas [electronic resource] : a comprehensive guide /
Steven M. Bragg.
edition
3rd ed.
imprint
Hoboken, N.J. : Wiley, c2012.
description
xvii, 355 p. : ill. ; 26 cm.
ISBN
1118169964 (hardback), 9781118169964 (hardback)
format(s)
Book
Subjects
More Details
series title
imprint
Hoboken, N.J. : Wiley, c2012.
isbn
1118169964 (hardback)
9781118169964 (hardback)
restrictions
Licensed for access by U. of T. users.
general note
Includes index.
abstract
"Business ratios, formulas, and statistics are used by controllers, business managers, and analyst to evaluate company operations and performance. This book presents a comprehensive resource of nearly 250 operational criteria, allowing managers to pick and choose the tools they need to best assess their organization's performance. The measurements contain not only financial matters but also those related to efficiency, effectiveness, capacity, and market share. In addition, measurements related to asset utilization, operating performance, cash flows, liquidity, capital structure, return on investment, and market performance.Each measurement includes a description, an explanation of the calculation, an example, and cautions regarding its use. There is also a description of an electronic spreadsheet to compile a standard set of measurements using Excel as the template.This new edition will include over 20 new measurements"--
catalogue key
10496353
A Look Inside
Excerpts
Flap Copy
Business Ratios and Formulas A Comprehensive Guide Third Edition Whether you're starting, running, or growing a business, Business Ratios and Formulas, Third Edition is essential reading, with nearly 250 operational criteria and clear, easy-to-understand explanations that can be used right away. An ideal tool for measuring corporate performance, this authoritative resource allows managers and auditors to pick and choose the tools they need to best assess their organization's performance. Each formula includes a complete description, explanation of the calculation, an example, and cautions regarding its use. The cautions are of particular use, since they describe those elements of a measurement that can be modified to deliver misleading results, different measurements that may work better in certain situations, usage on a trend line basis, and which other measurements should be used to reinforce indicated results. The Third Edition includes approximately twenty new ratios and formulas covering fixed-charge coverage ratio; free cash flow formula; capital-labor ratio; cash coverage ratio; value at risk formula; cash conversion efficiency metric; and open/close requisition ratio. For professionals needing to compile information about a company's long-term performance, the new edition describes how to use an electronic spreadsheet to compile a standard set of measurements, using Microsoft Excel as the template. Author and renowned accounting expert Steve Bragg categorizes performance measurements for accounting, engineering, logistics, production, and sales departments and also discusses topics related to efficiency, effectiveness, capacity, and market share. Chapter topics include measurements related to asset utilization, operating performance, cash flows, liquidity, capital structure, return on investment, and market performance. Accounting professionals, business managers, and operational consultants will turn to Bragg's peerless guide again and again to assess a host of organizational performance standards.
Flap Copy
Business Ratios and Formulas A Comprehensive Guide Third Edition Whether youre starting, running, or growing a business, Business Ratios and Formulas, Third Edition is essential reading, with nearly 250 operational criteria and clear, easy-to-understand explanations that can be used right away. An ideal tool for measuring corporate performance, this authoritative resource allows managers and auditors to pick and choose the tools they need to best assess their organizations performance. Each formula includes a complete description, explanation of the calculation, an example, and cautions regarding its use. The cautions are of particular use, since they describe those elements of a measurement that can be modified to deliver misleading results, different measurements that may work better in certain situations, usage on a trend line basis, and which other measurements should be used to reinforce indicated results. The Third Edition includes approximately twenty new ratios and formulas covering fixed charge coverage ratio; free cash flow formula; capital-labor ratio; cash coverage ratio; value at risk formula; cash conversion efficiency metric; and open/close requisition ratio. For professionals needing to compile information about a companys long-term performance, the new edition describes how to use an electronic spreadsheet to compile a standard set of measurements, using Microsoft Excel as the template. Author and renowned accounting expert Steve Bragg categorizes performance measurements for accounting, engineering, logistics, production, and sales departments and also discusses topics related to efficiency, effectiveness, capacity, and market share. Chapter topics include measurements related to asset utilization, operating performance, cash flows, liquidity, capital structure, return on investment, and market performance. Accounting professionals, business managers, and operational consultants will turn to Braggs peerless guide again and again to assess a host of organizational performance standards.
Flap Copy
Business Ratios and Formulas A Comprehensive Guide Third Edition Whether youre starting, running, or growing a business, Business Ratios and Formulas, Third Edition is essential reading, with nearly 250 operational criteria and clear, easy-to-understand explanations that can be used right away. An ideal tool for measuring corporate performance, this authoritative resource allows managers and auditors to pick and choose the tools they need to best assess their organizations performance. Each formula includes a complete description, explanation of the calculation, an example, and cautions regarding its use. The cautions are of particular use, since they describe those elements of a measurement that can be modified to deliver misleading results, different measurements that may work better in certain situations, usage on a trend line basis, and which other measurements should be used to reinforce indicated results. The Third Edition includes approximately twenty new ratios and formulas covering fixed-charge coverage ratio; free cash flow formula; capital-labor ratio; cash coverage ratio; value at risk formula; cash conversion efficiency metric; and open/close requisition ratio. For professionals needing to compile information about a companys long-term performance, the new edition describes how to use an electronic spreadsheet to compile a standard set of measurements, using Microsoft Excel as the template. Author and renowned accounting expert Steve Bragg categorizes performance measurements for accounting, engineering, logistics, production, and sales departments and also discusses topics related to efficiency, effectiveness, capacity, and market share. Chapter topics include measurements related to asset utilization, operating performance, cash flows, liquidity, capital structure, return on investment, and market performance. Accounting professionals, business managers, and operational consultants will turn to Braggs peerless guide again and again to assess a host of organizational performance standards.
Full Text Reviews
Appeared in Choice on 2012-11-01:
From accounting, finance, production, and marketing to engineering, human resources, and logistics, this book's coverage encompasses a wide variety of business functions. This revision to the previous edition (CH, Jul'07, 44-6319) is enhanced with some 20 additional formulas and ratios. New items include the fixed-charge coverage ratio, free cash flow formula, capital-labor ratio, cash coverage ratio, value at risk formula, cash conversion efficiency metric, and the open/close requisition ratio. The final chapter focuses on the use of spreadsheet templates to compile information about long-term performance emphasizing five types of analyses: the financial statement, project analyses, investment analysis, risk analysis, and trend analysis. As in earlier editions, each chapter begins with a short introduction and an overview of what is covered along with the formulas and ratios that are reviewed. For each formula or ratio, Bragg, author of numerous accounting titles, including The Ultimate Accountants' Reference (CH, Aug'07, 44-6923), provides a succinct, practical explanation; a concise understandable example; and a caveat or caution about its use and interpretation. An appendix contains a complete list of the formulas and ratios. A brief glossary completes the book. Oriented toward business professionals, the book requires familiarity with managerial decision models. Summing Up: Recommended. Business collections, upper-division undergraduates through professionals. S. R. Kahn University of Cincinnati
Reviews
This item was reviewed in:
Choice, November 2012
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Summaries
Back Cover Copy
Praise for Business Ratios and Formulas A Comprehensive Guide "With the thousands of measurements available to the corporate manager, this publication filters them based on usefulness and the type of business manager. More importantly, the helpful examples along with cautions to consider when using the measurements display the years of experience Steven possesses in real-world application of such tools." -Richard B. Lanza, CPA-CITP, CFE, PMP Cash Recovery Partners, LLC "Mr. Bragg takes business analysis one step further, providing an invaluable reference asset for both financial and nonfinancial professionals. The reader will be impressed with the extremely organized manner in which Bragg presents each chapter, allowing the reader to navigate independently, simplifying a sometimes overwhelming process." -Jodi Nefzger, CPP Director of Finance Masonic Home of Missouri "Steve's book is an extremely comprehensive compilation of valuable measurements for gauging and managing any business, including both financial and nonfinancial parameters and at several different levels. His unique way of explaining each measurement, presenting each formula, giving a fairly comprehensive example, then including cautions on its use is especially valuable. Anyone concerned about maximizing their business and monitoring performance will find this book quite valuable." -Robert C. Johnson, CPA Greeneville, Tennessee "Steve Bragg has created a useful, relevant guide to applying performance measurements across the organization. His practical explanations and examples should enable managers to apply sophisticated performance measures in a straightforward manner. This book will be a great tool for process improvement. It should be well received by managers, accountants, and consultants." -Clint Davies Principal BerryDunn
Bowker Data Service Summary
This volume is a comprehensive resource of almost 250 operational criteria, allowing managers and auditors to pick and choose the tools they need to best access their organization's performance. Each catalogued measurement includes a description, an example, and some time-tested troubleshooting.
Long Description
Praise for Business Ratios and Formulas A Comprehensive Guide "With the thousands of measurements available to the corporate manager, this publication filters them based on usefulness and the type of business manager. More importantly, the helpful examples along with cautions to consider when using the measurements display the years of experience Steven possesses in real-world application of such tools." --Richard B. Lanza, CPA-CITP, CFE, PMP Cash Recovery Partners, LLC "Mr. Bragg takes business analysis one step further, providing an invaluable reference asset for both financial and nonfinancial professionals. The reader will be impressed with the extremely organized manner in which Bragg presents each chapter, allowing the reader to navigate independently, simplifying a sometimes overwhelming process." --Jodi Nefzger, CPP Director of Finance Masonic Home of Missouri "Steves book is an extremely comprehensive compilation of valuable measurements for gauging and managing any business, including both financial and nonfinancial parameters and at several different levels. His unique way of explaining each measurement, presenting each formula, giving a fairly comprehensive example, then including cautions on its use is especially valuable. Anyone concerned about maximizing their business and monitoring performance will find this book quite valuable." --Robert C. Johnson, CPA Greeneville, Tennessee "Steve Bragg has created a useful, relevant guide to applying performance measurements across the organization. His practical explanations and examples should enable managers to apply sophisticated performance measures in a straightforward manner. This book will be a great tool for process improvement. It should be well received by managers, accountants, and consultants." --Clint Davies Principal BerryDunn
Long Description
Praise for Business Ratios and Formulas A Comprehensive Guide "With the thousands of measurements available to the corporate manager, this publication filters them based on usefulness and the type of business manager. More importantly, the helpful examples along with cautions to consider when using the measurements display the years of experience Steven possesses in real-world application of such tools." -Richard B. Lanza, CPA-CITP, CFE, PMP Cash Recovery Partners, LLC "Mr. Bragg takes business analysis one step further, providing an invaluable reference asset for both financial and nonfinancial professionals. The reader will be impressed with the extremely organized manner in which Bragg presents each chapter, allowing the reader to navigate independently, simplifying a sometimes overwhelming process." -Jodi Nefzger, CPP Director of Finance Masonic Home of Missouri "Steves book is an extremely comprehensive compilation of valuable measurements for gauging and managing any business, including both financial and nonfinancial parameters and at several different levels. His unique way of explaining each measurement, presenting each formula, giving a fairly comprehensive example, then including cautions on its use is especially valuable. Anyone concerned about maximizing their business and monitoring performance will find this book quite valuable." -Robert C. Johnson, CPA Greeneville, Tennessee "Steve Bragg has created a useful, relevant guide to applying performance measurements across the organization. His practical explanations and examples should enable managers to apply sophisticated performance measures in a straightforward manner. This book will be a great tool for process improvement. It should be well received by managers, accountants, and consultants." -Clint Davies Principal Berry Dunn
Main Description
A complete appraisal of analytical tools available to managers to assess performance Required reading for anyone starting, running, or growing a business, Business Ratios and Formulas, Third Edition puts answers at the fingertips of business managers, with nearly 250 operational criteria and clear, easy-to-understand explanations that can be used right away. The Third Edition includes twenty new measurements. Approximately 20 new measurements Offers a comprehensive resource of nearly 250 operational criteria An Appendix including a dictionary of accounting and finance terms A thorough list of every ratio and formula, and how to compile and interpret that information Also by Steven M. Bragg: Fast Close: A Guide to Closing the Books Quickly, Second Edition An ideal tool for measuring corporate performance, this authoritative resource allows you to pick and choose the tools you need to best assess your organization's performance.
Main Description
A complete appraisal of analytical tools available to managers to assess performance Required reading for anyone starting, running, or growing a business, Business Ratios and Formulas, Third Edition puts answers at the fingertips of business managers, with nearly 250 operational criteria and clear, easy-to-understand explanations that can be used right away. The Third Edition includes twenty new measurements. Approximately 20 new measurements Offers a comprehensive resource of nearly 250 operational criteria An Appendix including a dictionary of accounting and finance terms A thorough list of every ratio and formula, and how to compile and interpret that information Also by Steven M. Bragg: Fast Close: A Guide to Closing the Books Quickly, Second Edition An ideal tool for measuring corporate performance, this authoritative resource allows you to pick and choose the tools you need to best assess your organizations performance.
Main Description
Business ratios, formulas, and statistics are used by controllers, business managers, and analyst to evaluate company operations and performance. This book presents a comprehensive resource of nearly 250 operational criteria, allowing managers to pick and choose the tools they need to best assess their organization's performance. The measurements contain not only financial matters but also those related to efficiency, effectiveness, capacity, and market share. In addition, measurements related to asset utilization, operating performance, cash flows, liquidity, capital structure, return on investment, and market performance. Each measurement includes a description, an explanation of the calculation, an example, and cautions regarding its use. There is also a description of an electronic spreadsheet to compile a standard set of measurements using Excel as the template. This new edition will include over 20 new measurements.
Table of Contents
Prefacep. xv
Acknowledgmentsp. xvii
Introductionp. 1
Asset Utilization Measurementsp. 5
Sales to Working Capital Ratiop. 6
Sales to Fixed Assets Ratiop. 7
Sales to Administrative Expenses Ratiop. 8
Sales to Equity Ratiop. 9
Sales per Personp. 10
Sales Backlog Ratiop. 12
Sales Returns to Gross Sales Ratiop. 13
Repairs and Maintenance Expense to Fixed Assets Ratiop. 14
Accumulated Depreciation to Fixed Assets Ratiop. 15
Capital to Labor Ratiop. 17
Fringe Benefi ts to Wages and Salaries Expensep. 18
Sales Expenses to Sales Ratiop. 19
Discretionary Cost Ratiop. 19
Interest Expense to Debt Ratiop. 20
Foreign Exchange Ratiosp. 21
Overhead Ratep. 22
Goodwill to Assets Ratiop. 25
Overhead to Cost of Sales Ratiop. 26
Investment Turnoverp. 27
Break-Even Pointp. 28
Margin of Safetyp. 29
Tax Rate Percentagep. 30
Operating Performance Measurementsp. 31
Operating Assets Ratiop. 31
Sales to Operating Income Ratiop. 33
Sales Marginp. 34
Gross Profi t Percentagep. 34
Gross Profi t Indexp. 35
Investment Income Percentagep. 36
Operating Profi t Percentagep. 38
Operating Leverage Ratiop. 39
Net Income Percentagep. 40
Core Operating Earningsp. 41
Profi t per Customer Visitp. 42
Profi t per Personp. 43
Core Growth Ratep. 44
Quality of Earnings Ratiop. 45
Cash Flow Measurementsp. 47
Cash Flow from Operationsp. 47
Free Cash Flowp. 49
Cash Flow Return on Salesp. 50
Fixed Charge Coveragep. 51
Expense Coverage Daysp. 52
Cash Flow Coverage Ratiop. 54
Cash Receipts to Billed Sales and Progress Paymentsp. 55
Cash to Current Assets Ratiop. 55
Cash Flow to Fixed Asset Requirementsp. 56
Cash Flow Return on Assetsp. 58
Cash to Working Capital Ratiop. 59
Cash Reinvestment Ratiop. 60
Cash to Current Liabilities Ratiop. 61
Cash Flow to Debt Ratiop. 62
Reinvestment Ratep. 63
Stock Price to Cash Flow Ratiop. 64
Dividend Payout Ratiop. 65
Liquidity Measurementsp. 67
Accounts Receivable Turnoverp. 68
Average Receivable Collection Periodp. 69
Days Delinquent Sales Outstandingp. 70
Days Sales in Receivables Indexp. 71
Accounts Receivable Investmentp. 72
Ending Receivable Balancep. 73
Inventory to Sales Ratiop. 74
Inventory Turnoverp. 75
Inventory to Working Capital Ratiop. 77
Liquidity Indexp. 78
Accounts Payable Daysp. 79
Accounts Payable Turnoverp. 80
Current Ratiop. 81
Quick Ratiop. 82
Cash Ratiop. 83
Sales to Current Assets Ratiop. 84
Working Capital Productivityp. 85
Days of Working Capitalp. 86
Weighted Working Capitalp. 87
Defensive Interval Ratiop. 88
Current Liability Ratiop. 89
Required Current Liabilities to Total Current Liabilities Ratiop. 90
Working Capital to Debt Ratiop. 91
Risky Asset Conversion Ratiop. 92
Noncurrent Assets to Noncurrent Liabilities Ratiop. 93
Short-Term Debt to Long-Term Debt Ratiop. 94
AltmanÆs Z-Score Bankruptcy Prediction Formulap. 95
Capital Structure and Solvency Measurementsp. 99
Times Interest Earnedp. 99
Cash Coverage Ratiop. 100
Debt Coverage Ratiop. 101
Asset Quality Indexp. 102
Accruals to Assets Ratiop. 104
Times Preferred Dividend Earnedp. 105
Debt to Equity Ratiop. 107
Funded Capital Ratiop. 108
Retained Earnings to StockholdersÆ Equityp. 109
Return on Investment Measurementsp. 113
Market Performance Measurementsp. 135
Measurements for the Accounting/Finance Departmentp. 147
Measurements for the Engineering Departmentp. 179
Measurements for the Human Resources Departmentp. 197
Measurements for the Logistics Departmentp. 205
Measurements for the Production Departmentp. 239
Measurements for the Sales and Marketing Departmentp. 271
Table of Contents provided by Publisher. All Rights Reserved.

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