Isilinganiso senkokhelo yezabelo siwubudlelwano phakathi kwesamba senani lezabelomali ezikhokhelwa abaninimasheya kanye nemali engenayo yenkampani. Ukuhumusha isilinganiso senkokhelo yezabelo, kufanele kucatshangelwe izinto ezimbalwa, okubaluleke kakhulu okuyizinga lokuvuthwa kwenkampani. Ake sibone ukuthi singasisebenzisa kanjani isilinganiso senkokhelo yezabelo ukuze sizuze.
Siyini isilinganiso sokusabalalisa izabelo
Isilinganiso senkokhelo yezabelo siwubudlelwano phakathi kwesamba senani lezabelomali ezikhokhelwa abaninimasheya kanye nemali engenayo yenkampani. Yiphesenti lenzuzo ekhokhelwa abaninimasheya ngezabelo. Inani elingakhokhelwanga kubanikazi bamasheya ligcinwa yinkampani ukuze ikhokhe isikweletu noma iphinde itshale emisebenzini ewumgogodla. Ngezinye izikhathi kumane kuthiwe isilinganiso sokusabalalisa. Ngokulandelayo, kuyisinyathelo esibalulekile sezezimali esisetshenziselwa ukunquma ukusimama kohlelo lokukhokha izabelo zenkampani. Yinani lezabelomali ezikhokhelwa abanikazi bamasheya maqondana nesamba semali engenayo yenkampani.
Izilinganiso zenkokhelo ye-Coca-Cola. Umthombo: SeekingAlpha.
Ingakanani isilinganiso sokusabalalisa izabelo?
Ukuhumusha isilinganiso senkokhelo yezabelo, kufanele kucatshangelwe izinto ezimbalwa, okubaluleke kakhulu okuyizinga lokuvuthwa kwenkampani. Inkampani entsha, egxile ekukhuleni ehlose ukunweba, ukuthuthukisa imikhiqizo emisha futhi ingene ezimakethe ezintsha kufanele itshale kabusha ingxenye enkulu noma yonke inzuzo yayo futhi ingaxolelwa ngesilinganiso esiphansi noma esiyizero senkokhelo. Isilinganiso sokusabalalisa singu-0% ezinkampanini ezingakhokhi izabelo kanye no-100% kulabo abasabalalisa yonke imali yabo engenayo ngendlela yezabelo. Ngakolunye uhlangothi, inkampani endala, esezinzile ebuyisela imali encane kubanikazi bamasheya ingavivinya isineke sabatshalizimali futhi ingase ilinge izishoshovu ukuba zingenele. Ngoba kusho ukuthi inkampani isidlulile esigabeni sayo sokuqala sokukhula, isilinganiso esiphezulu senkokhelo sisho ukuthi amanani amasheya mancane amathuba okuba abonakale ngokushesha.
Ifomula yesilinganiso senkokhelo yezabelo
Isilinganiso senkokhelo yedividendi singabalwa njengesabelo sonyaka ngesheya ngalinye elihlukaniswe ngenzuzo ngesheya ngalinye (EPS), noma ngokulinganayo, izabelo ezihlukaniswa ngenzuzo yonke (1). Isilinganiso sokusabalalisa idividendi singaphinda sibalwe ngenye indlela (2), lapho i-coefficient yokugcinwa (3) ingavezwa ngendlela esiyibonisa ngayo esithombeni.
Amafomula ahlukene okubala isilinganiso sokusabalalisa izabelo.
Isibonelo sokusebenzisa isilinganiso sokusabalalisa izabelo
Izinkampani ezenza inzuzo ekupheleni konyaka wezimali zingenza izinto ezimbalwa ngenzuzo eyenziwe. Bangakwazi ukuyikhokhela kubanikazi bamasheya ngendlela yezabelo, bangayigcina ukuze baphinde batshale ekukhuleni kwebhizinisi labo, noma bangakwenza kokubili. Ingxenye yenzuzo inkampani enquma ukuyikhokha kubanikazi bamasheya bayo ingakalwa ngesilinganiso sokusabalalisa. Isibonelo, i-Coca-Cola (NYSE:KO) ikhokhe u-$0,42 ngesabelo sezabelo ngekota ngayinye ngo-2021 (TTM). I-EPS ye-Coca-Cola ngesikhathi se-TTM ibe kanje: Q1 2021: $0,55 Q2 2021: $0,68 Q3 2021: $0,65 Q4 2021: $0,45 Iholo lekota lekota le-Apple ngesheya ngalinye lingu-$2,33 kusukela ngo-February 10, 2022. Ngakho-ke, isilinganiso sayo senkokhelo singu-72% noma $1,68 ehlukaniswa ngo-$2,33.