Net assets per share refer to the ratio of shareholder equity to total share capital. The formula is: net assets per share = total share capital of the shareholder equity segment. This indicator reflects the current value of assets owned by each share. The higher the net assets per share, the more the current values of the assets owned by the shareholders. The smaller the net assets per share, the less the current values of the assets owned by the shareholders. The higher the net assets per share, the better.
The company's net assets represent the company's own assets and the rights and interests of shareholders in the company. Therefore, it is also known as shareholder equity. In accounting calculation, it is equivalent to the balance after the total assets in the balance sheet minus all debts. The company's net assets are divided by the total number of issued shares to obtain the net assets per share. For example, the company's net assets are 1.5 billion yuan, the total share capital is 1 billion shares, and its net asset value per share is 1.5 yuan (I .e. 1.5 billion yuan/1 billion shares ).
The net asset value per share reflects the value of the company's net assets, which is an important basis to support the stock market price. The larger the value of net assets per share indicates that the more wealth the company shares represent, the more profitable it is and the more powerful it is to resist external factors. The return on net assets is the percentage of the company's after-tax profit divided by the net assets, which is used to measure the efficiency of the company's use of its own capital. For example, the company's after-tax profit is 0.2 billion yuan, its net assets are 1.5 billion yuan, and its return on net assets is 13.33%.
"Net assets" refers to the total assets of an enterprise plus the net assets after liabilities, also known as "shareholder equity" or "all rights and interests", that is, the shares of investors in the total assets of an enterprise. "Net assets per share" is the share of the average net assets of each share.
From the perspective of the accounting statement, the net assets of a listed company are mainly composed of the capital stock, capital accumulation fund, surplus accumulation fund, and unallocated profits. According to the relevant provisions of the Company Law, the shares, capital reserves and surplus reserves cannot be changed at will during the normal business period of the company. Therefore, the adjustment of net assets per share mainly refers to the adjustment of unallocated profits.
How to analyze the net asset per share index?
The formula for calculating net assets per share is: net assets per share = shareholder equity? Total share capital. This indicator shows the value of the company's net book assets that can be allocated to each ordinary share of the company. The net book here refers to the company's total assets on the company's book minus the balance after liabilities, that is, the total shareholder equity. The net assets per share index reflects the amount of money each share has on the company's book at the end of the accounting period. For example, if the company has the same nature and the stock market price is similar, the higher the net assets per share of a company's shares, the higher the company's development potential and the greater its investment value, the smaller the investment risk that investors bear.
The reason why the net assets per share should be adjusted is that due to the constraints of the current accounting system's Prudence, some accounting methods are still at a certain distance from international practice. According to internationally accepted accounting standards, expenditures of an enterprise are classified into profitability expenditures and capital expenditures. The benefits of profitability expenditures are only related to the current fiscal year, and those of capital expenditures are related to the specific fiscal years. The adjustment of the net assets per share is, in fact, deducting some potential fees or future fees from the assets, which is undoubtedly more suitable for international practice and combined with the actual situation of Chinese enterprises, it provides investors with a valuable reference indicator.
Provident Fund is divided into capital Provident Fund and surplus Provident Fund.
Provident Fund: the difference between the premium bond issuance and the donated funds are used as the capital Provident Fund.
Surplus Provident Fund: 10% of the post-tax profits after debt repayment are used as the surplus Provident Fund.
Both can be converted to increased capital.
Each share of the Provident Fund is the total number of shares except the stock.
Provident Fund is the "final reserve" of the company. It is not only the material basis for the company's future expansion, but also the hope for shareholders to turn to Red stocks in the future. A public company that does not have a provident fund is a public company that has no hope.
The annual profit of the company has the following distribution principles: first, withdraw the capital accumulation fund, increase about 30%, and withdraw the public welfare fund, about 5%, and withdraw the bad debt preparation. The specific amount is unknown, the company cannot split all earnings per share. It can only be omitted, unless the company does have high growth. If the company does have a high growth, the company will use the capital accumulation fund to subscribe to the share capital. If the company's strength is swollen, its face is full of fat people, regardless of its ability, to send shares to shareholders with a large proportion of the capital accumulation fund, it will also make the company embark on the road. That is to say, it has gone down the road, and it has never been recovered. </Ca>
