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25 Cards in this Set
- Front
- Back
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Accounts Receivable Turnover Ratio
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Credits Sales/Accounts Receivable
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Days Sales Outstanding
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365/Accounts Receivable Turnover Ratio
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Asset Turnover Ratio
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Sales/Total Assets
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Inventory Turnover Ratio
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Cost of Goods Sold/Inventory
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Working Capital
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Current Assets - Current Liabilities
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Current Ratio
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Current Assets/Current Liabilities
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Acid-Test Ratio
Quick Ratio |
(Cash + Marketable Securities + Accounts Receivable)/Current Liabilities
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Debt-to-Equity Ratio
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Long-term debt/Shareholders' Equity
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Debt-to-Assets Ratio
Debt Ratio |
Total Liabilities/Total Assets
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Net Profit Margin
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Net Income/Sales
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Return on Assets (ROA)
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Net Income/Total Assets
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Return on Equity
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Net Income/Shareholders' Equity
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Equity Multiplier
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Total Assets/Shareholders' Equity
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DuPont Identity
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Net Profit Margin x Asset Turnover x Equity Multiplier
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Reserves-to-surplus Ratio
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(Unearned premium reserve + loss and LAE reserves)/Policyholders' surplus
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Premium-to-Surplus Ratio
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Net written premiums/policyholders' surplus
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Liquidity Ratio
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(Cash + Invested Assets)/(unearned premium reserve + Loss and LAE Reserves)
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Loss Ratio
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(Incurred Losses + LAE)/Earned Premiums
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Expense Ratio
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Underwriting expenses/Written premiums
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Combined Ratio
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Loss ratio/Expense ratio
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Investment Income Ratio
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Net investment income/Earned premiums
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Return on Policyholders' Surplus
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Net income/Policyholders' surplus
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Annual Rate of Return for a Bond
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(Interest+ Capital Gain)/Bond price at the beginning of the year
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Annual Rate of Return for a Stock
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(Dividend + Capital Gain)/share price at the beginning of the year
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Insurance Leverage
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Reserves/Policyholders' Surplus = (Premiums Written/Policyholders' Surplus) x (Reserves/Premiums Written
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