{"id":31139,"date":"2023-12-07T10:22:32","date_gmt":"2023-12-07T10:22:32","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chi-so-roe-return-on-equity-la-gi-cach-tinh-va-cong-dung.html"},"modified":"2023-12-23T07:25:39","modified_gmt":"2023-12-23T00:25:39","slug":"chi-so-roe-return-on-equity-la-gi-cach-tinh-va-cong-dung","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chi-so-roe-return-on-equity-la-gi-cach-tinh-va-cong-dung.html","title":{"rendered":"Ch\u1ec9 s\u1ed1 ROE (Return on equity) l\u00e0 g\u00ec? C\u00e1ch t\u00ednh v\u00e0 c\u00f4ng d\u1ee5ng"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda (Ngu\u1ed3n: istockphoto)<\/p>\n<\/figcaption><\/figure>\n

Ch\u1ec9 s\u1ed1 ROE<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Ch\u1ec9 s\u1ed1 ROE<\/b> trong ti\u1ebfng Anh g\u1ecdi l\u00e0: Return on equity<\/b>.<\/p>\n

Ch\u1ec9 s\u1ed1 ROE<\/b> l\u00e0 th\u01b0\u1edbc \u0111o ch\u00ednh x\u00e1c nh\u1ea5t \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 m\u1ed9t \u0111\u1ed3ng v\u1ed1n c\u1ee7a c\u1ed5 \u0111\u00f4ng b\u1ecf ra v\u00e0 t\u00edch l\u0169y \u0111\u01b0\u1ee3c (c\u00f3 th\u1ec3 l\u1ee3i nhu\u1eadn \u0111\u1ec3 l\u00e3i) t\u1ea1o ra bao nhi\u00eau \u0111\u1ed3ng l\u00e3i. T\u1eeb \u0111\u00f3 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 c\u01a1 s\u1edf tham kh\u1ea3o khi quy\u1ebft \u0111\u1ecbnh mua c\u00f4ng ty X hay c\u00f4ng ty Y c\u00f3 c\u00f9ng ng\u00e0nh ngh\u1ec1 v\u1edbi nhau.<\/p>\n

T\u1ec9 l\u1ec7 ROE c\u00e0ng cao ch\u1ee9ng t\u1ecf c\u00f4ng ty s\u1eed d\u1ee5ng hi\u1ec7u qu\u1ea3 \u0111\u1ed3ng v\u1ed1n c\u1ee7a c\u1ed5 \u0111\u00f4ng, \u0111i\u1ec1u n\u00e0y c\u00f3 ngh\u0129a c\u00f4ng ty c\u00e2n \u0111\u1ed1i m\u1ed9t c\u00e1ch h\u00e0i h\u00f2a gi\u1eefa \u0111\u1ed3ng v\u1ed1n c\u1ed5 \u0111\u00f4ng v\u1edbi \u0111\u1ed3ng v\u1ed1n vay (v\u00ec n\u1ebfu vay nhi\u1ec1u th\u00ec ph\u1ea3i tr\u1ea3 l\u00e3i vay l\u00e0m gi\u1ea3m l\u1ee3i nhu\u1eadn) \u0111\u1ec3 khai th\u00e1c l\u1ee3i th\u1ebf c\u1ea1nh tranh c\u1ee7a m\u00ecnh tr\u00ean th\u1ecb tr\u01b0\u1eddng \u0111\u1ec3 t\u0103ng doanh thu, t\u0103ng l\u1ee3i nhu\u1eadn.\u00a0<\/p>\n

C\u00e1ch t\u00ednh ch\u1ec9 s\u1ed1 ROE<\/font><\/h3>\n

Tr\u1ecb gi\u00e1 ROE \u0111\u01b0\u1ee3c t\u00ednh b\u1eb1ng c\u00e1ch l\u1ea5y l\u1ee3i nhu\u1eadn r\u00f2ng (net income) theo ni\u00ean \u0111\u1ed9 k\u1ebf to\u00e1n (t\u1eeb 1 th\u00e1ng 1 \u0111\u1ebfn 31 th\u00e1ng 12) sau khi \u0111\u00e3 tr\u1ea3 c\u1ed5 t\u1ee9c cho c\u1ed5 ph\u1ea7n \u01b0u \u0111\u00e3i nh\u1eadn c\u1ed5 t\u1ee9c nh\u01b0ng tr\u01b0\u1edbc khi chi tr\u1ea3 c\u1ed5 t\u1ee9c cho c\u1ed5 ph\u1ea7n th\u01b0\u1eddng chia cho to\u00e0n b\u1ed9 v\u1ed1n s\u1edf h\u1eefu ch\u1ee7, t\u1ee9c\u00a0t\u00e0i s\u1ea3n r\u00f2ng\u00a0(NAV) v\u00e0o l\u00fac \u0111\u1ea7u ni\u00ean \u0111\u1ed9 k\u1ebf to\u00e1n.<\/p>\n

C\u00f4ng d\u1ee5ng<\/font><\/h3>\n

T\u1ec9 l\u1ec7 n\u00e0y gi\u00fap cho nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e1nh gi\u00e1 c\u00f4ng ty \u1edf g\u00f3c \u0111\u1ed9 nh\u01b0 sau:<\/p>\n

– Khi c\u00f4ng ty ch\u1ec9 \u0111\u1ea1t t\u1ec9 l\u1ec7 ROE t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi l\u00e3i vay ng\u00e2n h\u00e0ng (kho\u1ea3ng 10%\/n\u0103m) th\u00ec \u1edf m\u1ee9c \u0111\u1ed9 \u0111\u00e1nh gi\u00e1 t\u01b0\u01a1ng \u0111\u1ed1i, b\u1ea1n h\u00e3y xem l\u1ea1i kh\u1ea3 n\u0103ng sinh l\u1eddi c\u1ee7a c\u00f4ng ty n\u00e0y v\u00ec n\u1ebfu c\u00f4ng ty n\u00e0o c\u0169ng ch\u1ec9 sinh l\u1eddi \u1edf m\u1ee9c n\u00e0y th\u00ec s\u1ebd kh\u00f4ng c\u00f3 c\u00f4ng ty n\u00e0o \u0111i vay ng\u00e2n h\u00e0ng v\u00ec l\u1ee3i nhu\u1eadn t\u1eeb v\u1ed1n vay ch\u1ec9 \u0111\u1ee7 \u0111\u1ec3 tr\u1ea3 l\u00e3i vay ng\u00e2n h\u00e0ng.\u00a0<\/p>\n

T\u1ea5t nhi\u00ean \u1edf \u0111\u00e2y ch\u1ec9 \u0111\u1eb7t tr\u01b0\u1eddng h\u1ee3p c\u00f4ng ty ch\u01b0a vay ng\u00e2n h\u00e0ng.<\/p>\n

– Khi c\u00f4ng ty \u0111\u1ea1t t\u1ec9 l\u1ec7 ROE cao h\u01a1n l\u00e3i vay ng\u00e2n h\u00e0ng th\u00ec b\u1ea1n n\u00ean t\u00ecm hi\u1ec3u xem c\u00f4ng ty \u0111\u00e3 vay ng\u00e2n h\u00e0ng v\u00e0 khai th\u00e1c h\u1ebft l\u1ee3i th\u1ebf c\u1ea1nh tranh tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u01b0a \u0111\u1ec3 c\u00f3 th\u1ec3 \u0111\u00e1nh gi\u00e1 c\u00f4ng ty c\u00f3 ti\u1ec1m n\u0103ng t\u0103ng t\u1ec9 l\u1ec7 n\u00e0y hay kh\u00f4ng trong t\u01b0\u01a1ng lai.\u00a0<\/p>\n

N\u1ebfu c\u00f2n m\u1edf r\u1ed9ng \u0111\u01b0\u1ee3c th\u1ecb ph\u1ea7n th\u00ec c\u1ea7n th\u00eam v\u1ed1n, v\u1ed1n n\u00e0y c\u00f3 th\u1ec3 vay v\u00e0 c\u00f4ng ty v\u1eabn c\u00f3 th\u1ec3 c\u00f3 l\u00e3i sau khi tr\u1ea3 l\u00e3i cho kho\u1ea3n v\u1ed1n vay n\u00e0y.<\/p>\n

Tuy nhi\u00ean, vay v\u1ed1n ngo\u00e0i vi\u1ec7c tr\u1ea3 l\u00e3i c\u00f2n ph\u1ea3i tr\u1ea3 g\u1ed1c cho n\u00ean \u1ea3nh h\u01b0\u1edfng r\u1ea5t nhi\u1ec1u \u0111\u1ebfn y\u1ebfu t\u1ed1 thanh kho\u1ea3n c\u00f4ng ty, v\u00ec v\u1eady c\u00e2n \u0111\u1ed1i v\u1ed1n vay v\u00e0 v\u1ed1n c\u1ed5 \u0111\u00f4ng c\u0169ng l\u00e0 b\u00e0i to\u00e1n qu\u1ea3n l\u00ed c\u1ee7a c\u00f4ng ty.<\/p>\n

– Ngo\u00e0i ra, t\u1ec9 l\u1ec7 n\u00e0y c\u0169ng gi\u00fap cho nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e1nh gi\u00e1 c\u00e1c c\u00f4ng ty trong c\u00f9ng m\u1ed9t ng\u00e0nh ngh\u1ec1 \u0111\u1ec3 ra quy\u1ebft \u0111\u1ecbnh l\u1ef1a ch\u1ecdn \u0111\u1ea7u t\u01b0 m\u1ed9t trong s\u1ed1 c\u00e1c c\u00f4ng ty c\u00f3 c\u00f9ng ng\u00e0nh ngh\u1ec1 \u0111\u00f3.<\/p>\n

Ph\u01b0\u01a1ng th\u1ee9c l\u1ef1a ch\u1ecdn t\u1ea5t nhi\u00ean v\u1eabn l\u00e0 t\u1ec9 l\u1ec7 ROE cao, v\u00ec nh\u01b0 \u0111\u00e3 n\u00f3i \u1edf tr\u00ean th\u00ec ROE c\u1ee7a c\u00f4ng ty c\u00e0ng cao th\u00ec c\u00f3 kh\u1ea3 n\u0103ng t\u0103ng l\u1ee3i th\u1ebf c\u1ea1nh tranh c\u00e0ng m\u1ea1nh, khi \u0111\u00f3 l\u1ee3i th\u1ebf c\u1ea1nh tranh c\u1ee7a c\u00e1c c\u00f4ng ty kh\u00e1c s\u1ebd b\u1ecb gi\u1ea3m xu\u1ed1ng.<\/p>\n

(T\u00e0i li\u1ec7u tham kh\u1ea3o: C\u1ea9m nang \u0111\u1ea7u t\u01b0 tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, NXB T\u1eeb \u0111i\u1ec3n B\u00e1ch Khoa)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Ch\u1ec9 s\u1ed1 ROE (ti\u1ebfng Anh: Return on equity) l\u00e0 th\u01b0\u1edbc \u0111o ch\u00ednh x\u00e1c nh\u1ea5t \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 m\u1ed9t \u0111\u1ed3ng v\u1ed1n c\u1ee7a c\u1ed5 \u0111\u00f4ng b\u1ecf ra v\u00e0 t\u00edch l\u0169y \u0111\u01b0\u1ee3c t\u1ea1o ra bao nhi\u00eau \u0111\u1ed3ng l\u00e3i.\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\/31139"}],"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=31139"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31139\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}