英语行业投资分析报告-分析投资活动的现金流量

英语行业投资分析报告,分析投资活动的现金流量
Analysis of investment cash flow
Enterprise investment activity has three main purposes:
( 1) for the normal production and operation of enterprises lay a foundation, such as the purchase and construction of fixed assets, intangible assets and other long-term assets.
( 2) for the expansion of foreign enterprises and other development purposes for equity and debt investment.
( 3) the company temporarily without idle money funds for short-term investment, in order to obtain high investment return.
In the three goal, before the two general should be with the enterprise long-term planning and short-term plans are aligned. Third in many cases it is the enterprise of a short-term financial arrangement. Therefore, in the investment of enterprise with its long-term planning and short-term plans under the conditions, if the net cash flow from investment activities is negative, is due to the general enterprise profit point of growth, expand the mining investment results. When the enterprise cash flow is a positive number, is usually the result of enterprise in the accounting period investment recovery activity scale is more than investment expenditure, or is the result of enterprises in business activities and financing activities in urgent need of funds and had to deal with the long-term assets to cash in hand. Therefore, we must on investment cash flow causes specific analysis.
What need points out is, corporate investment activities cash flows, some required by operating activities cash inflows to compensate. For example, the enterprise fixed assets, intangible assets acquisition and construction spending, will be the future use of the fixed assets and intangible assets accounting period of the cash flow from operations to compensate. Therefore, even in a certain period enterprise cash flow is less than zero, we cannot for enterprise investment activities generated cash flow quality simple to make negative evaluation, but a combination of the market potential of the product, product positioning, economic environment and other factors, this pair of enterprises future profitable ability to make judgement.

　　企业的投资活动主要有三个目的：

　　（1）为企业正常的生产经营奠定基础，如购建固定资产、无形资产和其他长期资产等。

　　（2）为企业对外扩张和其他发展性目的进行权益性投资和债权性投资。

　　（3）利用企业暂时不用的闲置货币资金进行短期投资，以求获得较高的投资收益。

　　在这三个目的中，前两个一般都应与企业的长期规划和短期计划相一致。第三个在很多情况下是企业的一种短期理财安排。因此，在企业投资活动符合其长期规划和短期计划的条件下，若投资活动产生的现金流量净额为负数，一般是由于企业挖掘利润增长点、扩大投资行为的结果。当企业投资活动产生的现金流量为正数时，一般是由于企业在本会计期间投资回收活动的规模大于投资支出的规模，或者是由于企业在经营活动与筹资活动方面急需资金而不得不处理手中的长期资产来变现。因此，必须对企业投资活动的现金流量原因进行具体的分析。

　　英语行业投资分析报告需要指出的是，企业投资活动的现金流出量，有的需要由经营活动的现金流入量来补偿。例如，企业的固定资产、无形资产的购建支出，将由未来使用有关固定资产和无形资产会计期间的经营活动的现金流量来补偿。因此，即使在一定时期企业投资活动产生的现金流量小于零，我们也不能对企业投资活动产生的现金流量的质量简单作出否定的评价，而是要结合产品市场潜力、产品定位、经济环境等因素进行分析，以此对企业未来获利能力作出判定。