The rate of fondamentalisti
The rate of fondamentalisti shows how much profit falls on ruble value of fixed assets. For analysis using the General (balance) profit from sales before tax and the average carrying cost of fixed assets. Fondamentalisti is calculated using the balance sheet of the company.
Formula: Fondamentalisti = Profit before tax/ Average cost of non-current assets * 100%.
Usually the figure is analysed in dynamics. The growth of fondamentalisti evidence of increase of efficiency of use of funds decrease - increase in capital costs. As a rule, reduction of fondamentalisti is observed when you enter the range of new products or development of new technology. This is due to the fact that investments in production require time for their payback, so fondamentalisti will grow as returns from investment.
Other indicators of use of fixed assets
Close to the notion of fondamentalisti is the coefficient of capital productivity. The latter shows how much money in revenue from sales of goods accounted for per unit of investment in fixed assets, or what volume of production receives the enterprise from each rouble of fixed assets.
Thus, the difference between these two values - the numerator in the calculation of return on assets as it is revenue, not profit. When calculating the capital productivity from the composition of fixed assets is excluded from their active part (machinery and equipment).
Formula: capital productivity = production Volume/ Average annual value of fixed assets.
The growth in capital productivity needed to increase productivity in the enterprise.
In inverse proportion to the return on assets is a measure of fondamente. It shows how many fixed assets you have on the ruble of the manufactured product, or how much money you have to spend to get the desired output.
Formula: capital ratio = the Average amount of fixed assets at cost/ Volume of output.
Reduction of fondamenti represents a savings of labor. Thus, by improving the efficiency of fixed assets, capital productivity increases and the capital intensity decreases.
A great influence on the capital ratio and the return on assets provides capital to labour ratio which is used to analyze the degree of the equipment work. These indicators are associated with factor productivity. The latter is calculated as the ratio of output to the average number of employees. Capital productivity equals labour productivity divided by the capitallabor ratio.
For the growth of production efficiency is necessary to ensure rapid growth of production in relation to growth assets.