Home  Journals  Economic Analysis: Theory and Practice  21(186) - 2010 July

Penman model of the analysis of the return on capital employed

Available online: 15 July 2010

Subject Heading: ANALYSIS OF FINANCIAL STATEMENTS

JEL Classification: 

This article considers the new approach towards the analysis of the return on capital employed with the use of the Penman model, which analyses the influence of the drivers of profitability, return on net operating assets, financial leverage, spread on financial obligations and studies the sources of the growth in the value of organization. The procedure of analysis is demonstrated based on the data of large domestic company.

Keywords: analysis of the return on capital employed, financial statement analysis, analysis of financial results

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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