Emhlabeni oguquguqukayo wezezimali zebhizinisi, ukusebenza kahle ekusetshenzisweni kwezimali kubalulekile empumelelweni yesikhathi eside yanoma iyiphi inkampani. Kulo mongo, i-ROCE, noma i-Return on Capital Employed, ivela njengemethrikhi eyisisekelo esikhanyisela ngekhono lenkampani lokukhiqiza inzuzo ehlobene nokutshalwa kwezimali okukhulu. Lesi sihloko sihlola ngokuningiliziwe ukuthi iyini i-ROCE, usizo lwayo kubatshalizimali nakubahlaziyi, ifomula eyisisekelo yokubala kwayo, kanye nezinzuzo nemikhawulo yokuthembela kule metric. Ngesibonelo esiphathekayo, sizobonisa ukuthi i-ROCE inganikeza kanjani ukuqonda okunengqondo ekusebenzeni kahle kwenkampani.
Yini i-ROCE
I-ROCE, noma i-Return on Capital Employed, iyimethrikhi yezezimali ebalulekile esetshenziselwa ukuhlola ukuthi inkampani isebenzisa kahle kangakanani imali yayo ukuze yenze inzuzo. Lesi silinganiso sinikeza ulwazi olubalulekile mayelana nenzuzo kanye nempumelelo yokuphatha ekwabiweni kwemithombo yezezimali.
Iyini i-ROCE?
I-ROCE ibalulekile kubatshalizimali nabahlaziyi bezezimali njengoba ibavumela ukuthi bahlole ikhono lenkampani lokukhiqiza imbuyiselo engashintshi uma iqhathaniswa nenani lemali etshaliwe. Izinga eliphakeme le-ROCE likhombisa ukuthi inkampani isebenzisa kahle izinsiza zayo ukwenza inzuzo, okungaba inkomba yokuphatha okusebenzayo nokuzwakalayo. Ukwengeza, i-ROCE ilusizo ekuqhathaniseni ukusebenza kwezimali kwenkampani nabanye abasembonini efanayo. Lokhu kwenza kube lula ukuhlonza lezo zinkampani ezigqamayo mayelana nokwenza inzuzo kanye nokuphathwa kwezinsiza ngendlela efanele.
Ifomula yokubala ye-ROCE
Le fomula ihlinzeka ngesilinganiso sephesenti esibonisa indlela inkampani esebenzisa kahle ngayo imali yayo ukwenza inzuzo. Ifomula yokubala i-ROCE ilula futhi ivezwa ngale ndlela elandelayo:
Ifomula yokubala ye-ROCE.
Izinzuzo kanye nemikhawulo yokusebenzisa i-ROCE
Le metric yokuhlaziya okuyisisekelo inakho kokubili izinzuzo zayo kanye nemikhawulo njenganoma iyiphi imethrikhi yohlobo olufanayo. Ake sibuyekeze ukuthi yiziphi izinzuzo zayo kanye nemikhawulo okufanele icatshangelwe:
| Izinzuzo | Ukulinganiselwa |
| Ukusebenza kahle ekwabiweni kwezinsiza: I-ROCE igqamisa indlela inkampani eyaba kahle ngayo imali ukuze ikhiqize inzuzo, okungaba bucayi kubatshalizimali nabahlaziyi. | Ziba ubungozi: I-ROCE ayibunaki ubungozi obuhlobene nokutshalwa kwezimali, okungaholela ekuhlolweni okungaphelele kokusebenza kahle kwangempela kokuphatha. |
| Ukuqhathanisa phakathi kwezimboni: Ikuvumela ukuthi uqhathanise ukusebenza kwezimali kwezinkampani ezingaphakathi komkhakha ofanayo, unikeze umbono ohlobene wokusebenza kahle. | Ukuncika emkhakheni: Ukuqhathanisa i-ROCE kuzo zonke izimboni kungase kudukise, njengoba imikhakha ehlukene ingase ibe nezakhiwo zemali ehlukene kanye nezindleko zokusebenza. |
| Ukugxila kwesikhathi eside: Ngokuhlola inzuzo ehlobene nemali esetshenziswayo, i-ROCE ikhuthaza indlela yesikhathi eside kunokugxila kuphela enzuzweni yonke. | Ukuzwela isikweletu: Ukusetshenziswa ngokweqile kwesikweletu kungakhuphula i-ROCE ngokungemthetho, okungase kudukise mayelana nokusebenza kahle kweqiniso. |
Isibonelo sokusetshenziswa kwe-ROCE
Ake sicabangele izinkampani ezimbili ezisebenza emkhakheni ofanayo. Ithebula elilandelayo libonisa ukuhlaziywa okucatshangelwayo kwe-ROCE yazo zombili izinkampani.
| (ngezigidi) | Inkampani A | Inkampani B |
| Ukuthengisa | 15.195 € | 65.058 € |
| I-EBIT | 3.837 € | 13.955 € |
| Ingqikithi yamafa | 12.123 € | 120.406 € |
| izikweletu zamanje | 3.305 € | 30.210 € |
| Imali esetshenziswayo | 8.818 € | 90.196 € |
| Buyisela emalini esetshenzisiwe | 0.4351 | 0.1547 |
Njengoba singabona, Inkampani B inkulu kakhulu kuneNkampani A, enemali engenayo ephezulu, i-EBIT, kanye nempahla ephelele. Kodwa-ke, usebenzisa imethrikhi ye-ROCE, ungabona ukuthi Inkampani A ikhiqiza inzuzo ngokulingana kwayo ngempumelelo kakhulu kune-ROCE yeNkampani B. Inkampani A ingu-44 cent ngedola ngalinye lokulingana, okungukuthi u-43,51%, uma kuqhathaniswa namasenti angu-15 ngedola ngalinye lemali yenkampani B. , okungukuthi, 15,47%.