CAJ | 학술논문

成长性分析是企业财务状况非常重要的一个方面，然而，目前的成长性指标却常常让企业家产生困惑，比如有的成长性指标好，有的成长性指标差，那么到底企业的成长性如何？又如代表未来潜在成长性的指标显示不好，但几年后再看企业的成长性却没有当时所显示的差，这又是什么原因导致？是企业成长性指标分析失效还是有别的原因。本文通过对成长性指标进行深度剖析，得出企业成长性指标之间的逻辑关系以及未来潜在成长性指标所隐含的假设，以解释目前分析中存在的疑惑，并依此提出进行企业成长性分析时的注意事项。
성장성분석시기업재무상황비상중요적일개방면，연이，목전적성장성지표각상상양기업가산생곤혹，비여유적성장성지표호，유적성장성지표차，나요도저기업적성장성여하？우여대표미래잠재성장성적지표현시불호，단궤년후재간기업적성장성각몰유당시소현시적차，저우시십요원인도치？시기업성장성지표분석실효환시유별적원인。본문통과대성장성지표진행심도부석，득출기업성장성지표지간적라집관계이급미래잠재성장성지표소은함적가설，이해석목전분석중존재적의혹，병의차제출진행기업성장성분석시적주의사항。
Growth analysis is a very important part of financial analysis. However, the ratio of growth analysis always confuses entrepreneurs, such like some ratios show the company's growth is good, others show bad, then how can one judge whether the growth is good or bad. And other cases, we find some ratios show the growth is bad, but a few years later, we found it's not so bad. And what's the reason? Is the ratio analysis become invalid or there are other reasons. This paper finds the logistic relationship among the ratios and figures the hypothesis lies in the ratio, to explain the problems above. And the paper emphasizes some points you need to pay attention to once you do a growth analysis.