{"id":29879,"date":"2023-12-07T08:45:40","date_gmt":"2023-12-07T08:45:40","guid":{"rendered":"https:\/\/masterskills.org\/blog\/phuong-phap-co-phieu-qui-treasury-stock-method-la-gi.html"},"modified":"2023-12-23T06:10:50","modified_gmt":"2023-12-22T23:10:50","slug":"phuong-phap-co-phieu-qui-treasury-stock-method-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/phuong-phap-co-phieu-qui-treasury-stock-method-la-gi.html","title":{"rendered":"Ph\u01b0\u01a1ng ph\u00e1p c\u1ed5 phi\u1ebfu qu\u0129 (Treasury stock method) l\u00e0 g\u00ec?"},"content":{"rendered":"<div class=\"vnbcbc-body vceditor-content wi-active\" data-role=\"content\">\n<figure class=\"VCSortableInPreviewMode\" type=\"Photo\" style=\"\">\n<div><\/div><figcaption class=\"PhotoCMS_Caption\">\n<p data-placeholder=\"[Nh\u1eadp ch\u00fa th\u00edch \u1ea3nh]\" class=\"\">H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: tradebrains.in<\/p>\n<\/figcaption><\/figure>\n<h2><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">Ph\u01b0\u01a1ng ph\u00e1p c\u1ed5 phi\u1ebfu qu\u0129<\/font><\/h2>\n<p><b>Kh\u00e1i ni\u1ec7m<\/b><\/p>\n<p><b>Ph\u01b0\u01a1ng ph\u00e1p c\u1ed5 phi\u1ebfu qu\u0129<\/b> trong ti\u1ebfng Anh l\u00e0 <b>Treasury stock method<\/b>.<\/p>\n<p><b>Ph\u01b0\u01a1ng ph\u00e1p c\u1ed5 phi\u1ebfu qu\u0129<\/b> l\u00e0 ph\u01b0\u01a1ng ph\u00e1p m\u00e0 c\u00f4ng ty s\u1eed d\u1ee5ng \u0111\u1ec3 t\u00ednh to\u00e1n s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu m\u1edbi c\u00f3 kh\u1ea3 n\u0103ng \u0111\u01b0\u1ee3c t\u1ea1o ra b\u1edfi c\u00e1c ch\u1ee9ng quy\u1ec1n v\u00e0 quy\u1ec1n ch\u1ecdn \u0111ang \u1edf\u00a0tr\u1ea1ng th\u00e1i c\u00f3 l\u1eddi. Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y gi\u1ea3 \u0111\u1ecbnh r\u1eb1ng s\u1ed1 ti\u1ec1n m\u00e0 m\u1ed9t c\u00f4ng ty nh\u1eadn \u0111\u01b0\u1ee3c t\u1eeb vi\u1ec7c th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn c\u00f3 l\u1eddi \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 mua l\u1ea1i c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p>\n<h2><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">N\u1ed9i dung<\/font><\/h2>\n<p>\u0110\u1ec3 tu\u00e2n th\u1ee7 c\u00e1c nguy\u00ean t\u1eafc k\u1ebf to\u00e1n \u0111\u01b0\u1ee3c ch\u1ea5p nh\u1eadn chung (GAAP), ph\u01b0\u01a1ng ph\u00e1p c\u1ed5 phi\u1ebfu qu\u0129 ph\u1ea3i \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng khi t\u00ednh to\u00e1n EPS pha lo\u00e3ng c\u1ee7a c\u00f4ng ty do s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu c\u1ee7a t\u0103ng l\u00ean khi th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn ho\u1eb7c ch\u1ee9ng quy\u1ec1n.<\/p>\n<p>Ph\u01b0\u01a1ng ph\u00e1p n\u00e0y gi\u1ea3 \u0111\u1ecbnh r\u1eb1ng c\u00e1c quy\u1ec1n ch\u1ecdn v\u00e0 ch\u1ee9ng quy\u1ec1n \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n v\u00e0o \u0111\u1ea7u k\u00ec b\u00e1o c\u00e1o v\u00e0 m\u1ed9t c\u00f4ng ty s\u1eed d\u1ee5ng ti\u1ec1n th\u1ef1c hi\u1ec7n \u0111\u1ec3 mua c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng v\u1edbi gi\u00e1 th\u1ecb tr\u01b0\u1eddng trung b\u00ecnh trong k\u00ec. S\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu b\u1ed5 sung ph\u1ea3i \u0111\u01b0\u1ee3c th\u00eam l\u1ea1i v\u00e0o s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng \u0111ang l\u01b0u h\u00e0nh \u0111\u1ec3 t\u00ednh EPS pha lo\u00e3ng.<\/p>\n<p><b>C\u00f4ng th\u1ee9c t\u00ednh s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu b\u1ed5 sung:<\/b><\/p>\n<figure class=\"VCSortableInPreviewMode\" type=\"Photo\" style=\"\">\n<div><\/div><figcaption class=\"PhotoCMS_Caption\">\n<p data-placeholder=\"[Nh\u1eadp ch\u00fa th\u00edch \u1ea3nh]\" class=\"\">Ngu\u1ed3n: CFA level I, <\/p>\n<\/figcaption><\/figure>\n<p>Trong \u0111\u00f3:<br \/>AMP = Gi\u00e1 th\u1ecb tr\u01b0\u1eddng trung b\u00ecnh trong k\u00ec c\u1ee7a c\u1ed5 phi\u1ebfu<br \/>EP = Gi\u00e1 th\u1ef1c hi\u1ec7n c\u1ee7a quy\u1ec1n ch\u1ecdn ho\u1eb7c ch\u1ee9ng quy\u1ec1n<br \/>N = S\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng m\u00e0 ch\u1ee9ng quy\u1ec1n ho\u1eb7c quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c t\u1ea1o ra t\u1eeb vi\u1ec7c th\u1ef1c hi\u1ec1n quy\u1ec1n.<\/p>\n<h3><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">V\u00ed d\u1ee5<\/font><\/h3>\n<p>Trong n\u0103m 20X6, c\u00f4ng ty XXX \u0111\u00e3 b\u00e1o c\u00e1o thu nh\u1eadp kh\u1ea3 d\u1ee5ng c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng ph\u1ed5 th\u00f4ng l\u00e0 1.200.000 \u0111\u00f4 la v\u00e0 c\u00f3 500.000 c\u1ed5 phi\u1ebfu c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng \u0111ang l\u01b0u h\u00e0nh trong c\u1ea3 n\u0103m. XXX c\u00f3 100.000 quy\u1ec1n  ch\u1ecdn, m\u1ed7i quy\u1ec1n ch\u1ecdn cho ph\u00e9p ch\u1ee7 s\u1edf h\u1eefu mua m\u1ed9t c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng v\u1edbi gi\u00e1 15 \u0111\u00f4 la. Gi\u00e1 th\u1ecb tr\u01b0\u1eddng trung b\u00ecnh c\u1ee7a XXX c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng trong 20X6 l\u00e0 $ 20 \u0111\u00f4 la\/c\u1ed5 phi\u1ebfu.<\/p>\n<p>Do gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n nh\u1ecf h\u01a1n gi\u00e1 th\u1ecb tr\u01b0\u1eddng trung b\u00ecnh trong k\u00ec n\u00ean quy\u1ec1n ch\u1ecdn c\u1ee7a c\u00f4ng ty \u0111ang \u1edf tr\u1ea1ng th\u00e1i c\u00f3 l\u1eddi.<\/p>\n<p>EPS c\u01a1 b\u1ea3n c\u1ee7a c\u00f4ng ty l\u00e0 2,4 \u0111\u00f4 la (1.200.000\/500.000), gi\u00e1 tr\u1ecb n\u00e0y b\u1ecf qua th\u1ef1c t\u1ebf l\u00e0 s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 t\u0103ng l\u00ean do vi\u1ec7c th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn.<\/p>\n<p>S\u1eed d\u1ee5ng ph\u01b0\u01a1ng ph\u00e1p c\u1ed5 phi\u1ebfu qu\u0129, s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu t\u0103ng l\u00ean do th\u1ef1c hi\u1ec7n quy\u1ec1n l\u00e0:<\/p>\n<figure class=\"VCSortableInPreviewMode noCaption\" type=\"Photo\" style=\"\">\n<div><\/div><figcaption class=\"PhotoCMS_Caption\">\n<p data-placeholder=\"[Nh\u1eadp ch\u00fa th\u00edch \u1ea3nh]\" class=\"NLPlaceholderShow\">\n<\/figcaption><\/figure>\n<p>EPS pha lo\u00e3ng l\u00e0:<\/p>\n<figure class=\"VCSortableInPreviewMode noCaption\" type=\"Photo\" style=\"\">\n<div><\/div><figcaption class=\"PhotoCMS_Caption\">\n<p data-placeholder=\"[Nh\u1eadp ch\u00fa th\u00edch \u1ea3nh]\" class=\"NLPlaceholderShow\">\n<\/figcaption><\/figure>\n<p>\u00a0(Ngu\u1ed3n tham kh\u1ea3o: <i>Investopedia<\/i> v\u00e0 <i>Gi\u00e1o tr\u00ecnh CFA level I <\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"vnbcbc-sapo\" data-role=\"sapo\">\n                            Ph\u01b0\u01a1ng ph\u00e1p c\u1ed5 phi\u1ebfu qu\u0129 (ti\u1ebfng Anh: Treasury stock method) l\u00e0 ph\u01b0\u01a1ng ph\u00e1p m\u00e0 c\u00f4ng ty s\u1eed d\u1ee5ng \u0111\u1ec3 t\u00ednh to\u00e1n s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu m\u1edbi c\u00f3 kh\u1ea3 n\u0103ng \u0111\u01b0\u1ee3c t\u1ea1o ra b\u1edfi c\u00e1c ch\u1ee9ng quy\u1ec1n v\u00e0 quy\u1ec1n ch\u1ecdn \u0111ang \u1edf tr\u1ea1ng th\u00e1i c\u00f3 l\u1eddi.\n                        <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29879"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=29879"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/29879\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=29879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=29879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=29879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}