Analysis On Profitability Of CJ Finance Leasing Company

In recent years,the financial leasing industry has shown a steady growth trend in China.No matter from the number of financial leasing enterprises,the amount of registered capital or the business scope,it shows that the financial leasing industry as a whole has achieved a counter-cyclical improvement.Therefore,the evaluation of the operating level of financial leasing enterprises becomes more and more important with the continuous development and expansion of China's financial leasing industry.The analysis of profitability is the focus of the analysis of the operating level of enterprises.Dupont analysis is a classical method to evaluate the profitability of enterprises.Since the income of finance lease industry is rent minus financing cost,which is net interest income,it is different from other industries.Based on this special property of financial leasing industry,the traditional dupont analysis method is improved to make it suitable for evaluating the profitability of financial leasing industry.Introduction of net interest rate of return and net interest rate of the lease and lease of assets accounted indicators related to interest income,excluding sales net interest rate and total assets turnover and the evaluation index of financing lease industry shall not apply,then the return on equity to decompose indicators of core,building to adapt to the unique characteristics of financing lease industry business performance evaluation system,further analysis of the advantages of improved dupont analysis.Main contents of this paper:Chapter 1: introduction: this paper mainly introduces the background and significance of the topic selection,and summarizes the literature review into three aspects,so that it is applicable to the analysis of this paper,and then the research content,research methods of this paper are described,and points out the innovation points.Chapter 2: relevant theoretical basis: summarize dupont analysis method,and analyze each index decomposition,as well as the analysis of dupont analysis method used to evaluate profitability.Chapter 3: advantages and disadvantages of the traditional dupont analysis method in the application of financial leasing industry,and analysis of the improved dupont analysis method for the study of financial leasing companies applicability.Chapter 4: CJ financial leasing company is selected and the improved dupont analysis method is used to make specific analysis of each index,so as to verify the applicability of the improved dupont analysis method with an example.Chapter 5: Analyze the advantages of the improved Du Pont analysis to analyze the profitability of the financing leasing company.Summarize the full text,draw conclusions,find out the shortcomings,and look forward to the finance leasing industry.In this paper,Du Pont analysis method is used to study the profitability of the finance leasing industry.Because the traditional Du Pont analysis method has certain limitations for studying the finance leasing industry,based on the previous theory,the improved Du Pont analysis method is used to analyze the profitability of the finance leasing industry.Taking CJ financing and leasing company as an example,we use the improved Du Pont analysis method to analyze its profitability,and point out the applicability of the improved Du Pont analysis method.