飞行翻译_公务机_公务航空_Business Jet_Business Aviation

Figure 11: MARKET CAPITALIZATION GROWTH
YEAR-OVER-YEAR INCREASE/DECREASE IN MARKET CAPITALIZATION
2003-2007
Equity capital is contributed by outside investors in the form of an ownership stake in the business and provides another important tool to grow operational capability. Firms are regularly judged on their ability to produce returns on this capital, as this is a key metric to attract fresh equity as needed. Similar to return on assets, users realized 95 percent (496 percent weighted) greater return on equity over nonusers.

Figure 12: RETURN ON EQUITY
FIVE-YEAR AVERAGE – NET INCOME TO AVERAGE STOCKHOLDER EQUITY RATIO
2003-2007
ASSET UTILIZATION
Finally, asset efficiency (ratio of sales to average total assets) also indicates how well a company deploys its assets to generate a given level of revenue and profitability. Companies with low profit margins tend to have high asset turnover, while.those with high profit margins have low asset turnover. Our study looked at the improvement in the asset efficiency (turnover) metric to mea-sure how successful firms were in increasing productivity of assets. Users appeared to come out ahead as well, producing the asset turnover ratios 20 percent higher than nonusers (153 percent weighted).

Figure 13: ASSET EFFICIENCY
FIVE-YEAR AVERAGE – SALES TO AVERAGE ASSETS RATIO
2003-2007
Revenue growth is important, but any asset base should also be measured in its ability to produce bottom line earnings. In our study, the average return on assets for users was 108 percent (318 percent: weighted) that of nonusers.

Figure 14: RETURN ON ASSETS
FIVE-YEAR AVERAGE – NET INCOME TO AVERAGE ASSETS RATIO
　
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