权益乘数

通过预测明确预测期销售净利率、权益乘数和资产周转率的变化来预测剩余收益，从而解决了剩余收益评估模型中对剩余收益参数预测困难的难题。

Through forecasting margin of sale , equity multiplier , and asset to operation , the difficulty to forecast Residual Income index in EBO model is resolved .

故净资产收益率、销售利润率的变化同CPI、M1的变化相关性也变得较权益乘数、资产负债率差。

So , compared with the rights multiple and the property liabilities rate , the relativity between the change of rate of earning , the sale profit , and the change of the CPI and the M_1 becomes less .

增长管理的基本要素有：目标增长率、销售净利率、资产周转率、权益乘数与留存收益比率。

Enterprise growth management contains five key elements : objective growth rate , net interest rate in sale , property rate of turnover , rights multiple and subsist-profit ratio .

这可能是因为资产负债率与权益乘数受其它因素影响较少，这两者都与我国货币政策的变化、物价变动关系紧密。

This may result from two points : first , the property liabilities rate and the equity multiplies are seldom influenced by other factors , second , the above two indexes have close relationship to the change of our monetary policy and the variety of the commodity price .