discounted payback method

简明释义

按现值计算投资回收额法

英英释义

例句

1.Investors prefer projects that have a shorter discounted payback method 折现回收法 period.

投资者更倾向于那些回收期较短的项目，这可以通过折现回收法 discounted payback method 来评估。

2.The company decided to use the discounted payback method 折现回收法 to evaluate the profitability of their new project.

公司决定使用折现回收法 discounted payback method 来评估他们新项目的盈利能力。

3.By applying the discounted payback method 折现回收法, we can determine how long it will take to recover our initial investment.

通过应用折现回收法 discounted payback method，我们可以确定收回初始投资需要多长时间。

4.Using the discounted payback method 折现回收法, the project shows a payback period of three years.

使用折现回收法 discounted payback method，该项目显示出三年的回收期。

5.The discounted payback method 折现回收法 takes into account the time value of money, making it a more accurate measure.

折现回收法 discounted payback method 考虑了货币的时间价值，使其成为更准确的衡量标准。

作文

In the realm of investment analysis, various methods are employed to evaluate the feasibility and profitability of potential projects. One such method is the discounted payback method, which serves as a vital tool for investors to assess how long it will take to recoup their initial investment while considering the time value of money. The discounted payback method not only focuses on the recovery of cash flows but also incorporates the concept that money available today is worth more than the same amount in the future due to its potential earning capacity. To understand the discounted payback method, it is essential first to grasp the traditional payback period approach. The traditional payback period calculates the time required to recover the initial investment without accounting for the time value of money. This method provides a straightforward metric for investors, but it can be misleading, especially for long-term projects where cash flows occur over several years. The discounted payback method addresses this limitation by discounting future cash flows back to their present value before calculating the payback period.The process begins with estimating the future cash flows generated by the investment and determining an appropriate discount rate, often based on the cost of capital or required rate of return. Each future cash flow is then discounted to its present value using the formula: Present Value = Future Cash Flow / (1 + r)^n, where 'r' represents the discount rate and 'n' is the year in which the cash flow occurs. Once all future cash flows are discounted, the investor can sum these present values until they equal the initial investment. The point at which the cumulative discounted cash flows match the initial investment marks the discounted payback method.One of the primary advantages of the discounted payback method is that it provides a more realistic view of the investment's risk and return profile. By incorporating the time value of money, this method allows investors to make more informed decisions, particularly when comparing projects with different cash flow patterns. For instance, if two projects have the same initial investment but differ in the timing and magnitude of cash flows, the discounted payback method can help identify which project offers a quicker return on investment when adjusted for the time value of money.However, the discounted payback method is not without its limitations. One significant drawback is that it still does not consider cash flows that occur after the payback period. This oversight can lead to suboptimal decision-making, as a project with a longer payback period might ultimately yield higher returns if it generates substantial cash flows in later years. Additionally, determining the appropriate discount rate can be subjective and may vary among investors, potentially impacting the analysis's consistency.In conclusion, the discounted payback method is a valuable tool for investors seeking to evaluate the time required to recover their investments while taking into account the time value of money. By providing a more nuanced understanding of cash flow dynamics, this method aids in making informed investment decisions. Nevertheless, it is crucial for investors to complement the discounted payback method with other financial metrics to ensure a comprehensive analysis of potential investment opportunities.

在投资分析领域，各种方法被用来评估潜在项目的可行性和盈利能力。其中一种方法是折现回收期法，它作为投资者评估收回初始投资所需时间的重要工具，同时考虑了货币的时间价值。折现回收期法不仅关注现金流的回收，还结合了这样一个概念：今天可用的钱比未来同样金额的钱更有价值，因为它具有潜在的收益能力。要理解折现回收期法，首先必须掌握传统回收期的方法。传统回收期计算收回初始投资所需的时间，而不考虑货币的时间价值。这种方法为投资者提供了一个简单的指标，但在现金流发生在数年的长期项目中，可能会产生误导。折现回收期法通过在计算回收期之前将未来现金流折现到其现值来解决这一局限性。该过程首先涉及估计投资所产生的未来现金流，并确定一个合适的折现率，通常基于资本成本或所需的回报率。然后，使用以下公式将每个未来现金流折现到其现值：现值 = 未来现金流 / (1 + r)^n，其中'r'代表折现率，而'n'是现金流发生的年份。一旦所有未来现金流被折现，投资者就可以将这些现值相加，直到它们等于初始投资。累计折现现金流与初始投资相匹配的点标志着折现回收期法。折现回收期法的主要优点之一是，它提供了对投资风险和回报特征的更现实的看法。通过结合货币的时间价值，这种方法使投资者能够做出更明智的决策，特别是在比较具有不同现金流模式的项目时。例如，如果两个项目具有相同的初始投资但现金流的时间和规模不同，折现回收期法可以帮助识别哪个项目在调整了货币的时间价值后提供更快的投资回报。然而，折现回收期法并不是没有局限性的。一个显著的缺点是，它仍然不考虑回收期之后发生的现金流。这一疏忽可能导致次优决策，因为一个回收期较长的项目如果在后期产生可观的现金流，最终可能会带来更高的回报。此外，确定适当的折现率可能是主观的，并可能因投资者而异，从而影响分析的一致性。总之，折现回收期法是投资者寻求评估收回投资所需时间的有价值工具，同时考虑了货币的时间价值。通过提供对现金流动态的更细致理解，这种方法有助于做出明智的投资决策。然而，投资者必须将折现回收期法与其他财务指标结合使用，以确保对潜在投资机会的全面分析。