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Osnovni podaci Poslovni prihodi = IS - Total Revenue Neto rezultat = IS - Net income Poslovna imovina = BS - Total assets Kapital = BS - Total equity EBIT = IS - Income Before Tax + IS - Interest Expense EBITDA = IS - Income Before Tax + IS - Interest Expense + CF - Depreciation

Likvidnost Tekući racio = (BS - Current Assets) / (BS - Total Current Liabilities) Brzi racio = (BS - Current Assets - BS - Other Current Assets - BS - Inventory) / (BS - Total Current Liabilities) Racio gotovine = BS - Cash And Cash Equivalents / BS - Total Assets Neto obrtni kapital prema poslovnim prihodima = (BS - Total Current Assets - BS - Total Current Liabilities) / IS - Total Revenue/ BS - Total Equity

Periodi konverzije Period naplate potraživanja = BS - Net Receivables / IS – Revenue × 365 Period plaćanja dobavljačima = BS - Accounts Payable / IS - Cost of Revenue × 365 Period konverzije zaliha = BS - Inventory / IS - Cost of Revenue × 365 Period konverije gotovine = Days sales outstanding + Inventory conversion period – Days payable outstanding/ BS - Total Equity

Zaduženost Racio zaduženosti = BS - Total Liabilities / BS - Total Assets Racio kamatonosne zaduženosti = (BS - Long Term Debt + BS - Short/Current Long Term Debt) / BS - Total Assets

Profitabilnost ROE = IS - Net Income / BS - Total Equity ROA = IS - Operating Income / BS - Total Assets ROIC = IS - Operating Income × (1-0.4) / Invested capital Invested capital = BS - Total Assets - BS - Accounts Payable - BS - Accrued Expenses - BS - Other Current liabilities, Total - BS - Cash and Short Term Investments Neto margina = IS - Net Income / IS - Total Revenue Gross margin = (IS - Total Revenue - IS - Cost of Revenue) / IS - Total Revenue Poslovna margina = IS - Operating Income / IS - Total Revenue t Income / BS - Total Equity

Opterećenje kamatom Kamatna stopa = IS - Interest Expense / (BS - Long Term Debt year n + BS - Short/Current Long Term Debt year n + BS - Long Term Debt year n-1 + BS - Short/Current Long Term Debt year n -1)/2 Racio pokrića kamate= EBIT / IS - Interest Expense Net Income / BS - Total Equity

Z skor T1 = (BS - Total Current Assets - BS - Cash & Equivalents - BS - Total Current Liabilities + BS - Notes Payable/Short Term Debt + BS - Current Port. of LT Debt/Capital Leases) / BS - Total Assets T2 = BS - Retained Earnings (Accumulated Deficit) / BS - Total Assets T3 = EBIT / BS - Total Assets T4 = BS - Total Equity / BS - Total Liabilities T5 = IS - Total Revenue / BS - Total Assets Z’ score for private firms = 0.717 × T1 + 0.847 × T2 + 3.107 × T3 + 0.42 × T4 + 0.998 × T5 Z” score for non-manufacturing industrials and emerging market credits = 6.56 × T1 + 3.26 × T2 + 6.72 × T3 + 1.05 × T4 Net Income / BS - Total Equity

Ostali pokazatelji Racio isplate dividende = SUM (CF - Dividends Paid 4 years) / SUM (IS - Net Income 4 years) Implicirana stopa rasta = ROE × (1 – Racio isplate dividende) Održiva stopa rasta = ((Neto margina) × (1 - Racio isplate dividende) × (1 + Racio zaduženosti)) / ((Poslovna imovina/ Poslovni prihodi) – (Neto margina × (1- Racio isplate dividende) × (1+ Racio zaduženosti))) Efektivna poreska stopa = IS - Income Tax Expense/ IS - Income Before Tax Prosečna starost stalne imovine = BS - Accumulated Depreciation / CF - Depreciation Net Income / BS - Total Equity

Tržišni pokazatelji PE - Price earnings = Market capitalization / Net income = Price / Earnings per share PB - Price to book value = Market capitalization / Total Equity I/ BS - Total Equity PS - Price to sales = Market capitalization / Revenue