问题已解决
財(cái)管財(cái)務(wù)杠桿:老師,如何理解變動(dòng)成本比重大,經(jīng)營(yíng)風(fēng)險(xiǎn)小,應(yīng)保持較大財(cái)務(wù)風(fēng)險(xiǎn)呢 ?



你好;?這個(gè)可以用經(jīng)營(yíng)杠桿系數(shù)來(lái)理解:
經(jīng)營(yíng)杠桿系數(shù)=(收入-變動(dòng)成百本)/(收入-變動(dòng)成本-固定成本)
我們將變動(dòng)成本和固定成本用總成本來(lái)表示,我們知道“變動(dòng)成本+固定成本=總成本”,設(shè)變動(dòng)成本比重為X,則上式度可變?yōu)椋篭n經(jīng)營(yíng)杠桿系數(shù)=(收入-總成本×X)/(收入-總成本)
我們看到,無(wú)論變動(dòng)成本的比重如何X變化,上式分母保持不變,這樣,提高變動(dòng)成本的比重X,則經(jīng)營(yíng)杠桿系數(shù)屬變小,所以經(jīng)營(yíng)風(fēng)險(xiǎn)變小。 或者是?簡(jiǎn)單的你就這樣想,一個(gè)企業(yè)總成本一定的情況下,變動(dòng)成本高,意味著固定成本低,自然風(fēng)險(xiǎn)就比較小了。
2023 08/07 10:36

84784957 

2023 08/07 10:58
但是,單位變動(dòng)成本和固定成本與DOL同向變動(dòng),和剛剛矛盾嗎?

meizi老師 

2023 08/07 11:00
你好;這個(gè)不矛盾的?

84784957 

2023 08/07 11:06
單位變動(dòng)成本大,變動(dòng)成本比重會(huì)大,經(jīng)營(yíng)風(fēng)險(xiǎn)會(huì)小。但,僅僅用單位變動(dòng)成本和DOL同向變動(dòng)理解,單位變動(dòng)成本大,經(jīng)營(yíng)風(fēng)險(xiǎn)會(huì)大,這不矛盾嗎?

meizi老師 

2023 08/07 11:11
比如說(shuō): 經(jīng)營(yíng)杠桿系數(shù)=(收入-變動(dòng)成本)/(收入-變動(dòng)成本-固定成本)
我們將變動(dòng)成本和固定成本用總成本來(lái)表示,“變動(dòng)成本+固定成本=總成本”,設(shè)變動(dòng)成本比重為X,則上式可變?yōu)椋篭n經(jīng)營(yíng)杠桿系數(shù)=(收入-總成本×X)/(收入-總成本)
無(wú)論變動(dòng)成本的比重X如何變化,上式分母保持不變,這樣,提高變動(dòng)成本的比重X,則經(jīng)營(yíng)杠桿系數(shù)變小,所以經(jīng)營(yíng)風(fēng)險(xiǎn)變小。
看我上面舉例的情況去理解?

84784957 

2023 08/07 11:15
單位變動(dòng)成本是與DOL同向變動(dòng)嗎?

meizi老師 

2023 08/07 11:16
當(dāng)其他條件不變,單位變動(dòng)成本下降,DOL也會(huì)下降,單位變動(dòng)成本增長(zhǎng),DOL也會(huì)增長(zhǎng),兩者是同向變動(dòng),成正比
