accounting rate of return

简明释义

会计期间资本回收率

英英释义

例句

1.A higher accounting rate of return 会计收益率 indicates a more profitable investment opportunity.

较高的会计收益率表明投资机会更具盈利性。

2.Investors often look at the accounting rate of return 会计收益率 to assess the profitability of an investment.

投资者通常查看会计收益率来评估投资的盈利能力。

3.The finance team calculated the accounting rate of return 会计收益率 for the last quarter to inform future decisions.

财务团队计算了上个季度的会计收益率以便为未来决策提供信息。

4.Before approving the budget, the manager reviewed the accounting rate of return 会计收益率 of previous projects.

在批准预算之前，经理审查了之前项目的会计收益率。

5.The company decided to invest in a new project because the accounting rate of return 会计收益率 was higher than their target.

公司决定投资一个新项目，因为其会计收益率高于他们的目标。

作文

The concept of the accounting rate of return (ARR) is a crucial metric in the field of finance and investment analysis. It serves as a measure of the profitability of an investment relative to its cost. The ARR is calculated by taking the average annual profit generated by an investment and dividing it by the initial investment cost. This ratio provides investors and managers with a straightforward way to evaluate the potential return on their investments, making it an essential tool for decision-making. Understanding the accounting rate of return is vital for businesses seeking to maximize their financial performance.To illustrate this concept, consider a company that invests $100,000 in a new project. If the project generates an average annual profit of $20,000 over its lifespan, the accounting rate of return can be calculated as follows: $20,000 (average annual profit) divided by $100,000 (initial investment), which equals 0.2 or 20%. This means that the company can expect a 20% return on its investment annually. Such a return could be deemed attractive compared to other investment opportunities, especially if the company's cost of capital is lower than 20%. However, while the accounting rate of return is a useful indicator, it does have its limitations. One significant drawback is that it does not account for the time value of money. For instance, an investment that returns $20,000 per year for five years may seem appealing, but if those cash flows are received in later years, their present value would be lower than if they were received immediately. Therefore, relying solely on ARR could lead to suboptimal investment decisions.Another limitation of the accounting rate of return is that it focuses only on accounting profits rather than cash flows. Accounting profits can be influenced by various factors such as depreciation, amortization, and accounting policies, which may not accurately reflect the actual cash generated by an investment. Consequently, it is advisable for investors to consider other metrics, such as net present value (NPV) and internal rate of return (IRR), in conjunction with ARR when evaluating investment opportunities.Moreover, the accounting rate of return does not provide insights into the risks associated with an investment. Different projects may have similar ARR values, but their risk profiles could be vastly different. A project with a high ARR might also come with higher uncertainty, which could affect the overall attractiveness of the investment. Therefore, it is essential for investors to assess both the return and the risk before making investment decisions.In conclusion, the accounting rate of return is a valuable tool for assessing the profitability of investments. It offers a simple and clear way to evaluate potential returns and aids in the decision-making process for businesses. However, it is crucial to recognize its limitations, particularly regarding the time value of money, cash flow considerations, and risk assessment. By using the ARR alongside other financial metrics, investors can gain a more comprehensive understanding of their investment options and make better-informed decisions. Ultimately, a well-rounded approach to investment analysis will lead to improved financial outcomes for businesses and investors alike.

会计收益率（accounting rate of return）的概念在金融和投资分析领域是一个至关重要的指标。它作为一种衡量投资相对于其成本的盈利能力的标准。会计收益率通过将投资所产生的平均年利润除以初始投资成本来计算。这个比率为投资者和管理者提供了一种简单的方法来评估他们投资的潜在回报，使其成为决策的重要工具。理解accounting rate of return对于寻求最大化财务表现的企业至关重要。为了说明这一概念，考虑一家投资10万美元于新项目的公司。如果该项目在其生命周期内每年产生2万美元的平均利润，则可以按如下方式计算accounting rate of return：2万美元（平均年利润）除以10万美元（初始投资），结果为0.2或20%。这意味着公司可以预期每年获得20%的投资回报。与其他投资机会相比，这样的回报可能被视为有吸引力，特别是如果公司的资本成本低于20%。然而，尽管accounting rate of return是一个有用的指标，但它也有其局限性。一个显著的缺点是它没有考虑货币的时间价值。例如，一个每年返回2万美元的投资可能看起来很有吸引力，但如果这些现金流是在后期收到的，那么它们的现值将低于立即收到的现金流。因此，仅依靠ARR可能导致次优的投资决策。accounting rate of return的另一个局限性是它仅关注会计利润而非现金流。会计利润可能受到折旧、摊销和会计政策等各种因素的影响，这可能不准确地反映投资所产生的实际现金。因此，建议投资者在评估投资机会时，除了ARR之外，还考虑其他指标，如净现值（NPV）和内部收益率（IRR）。此外，accounting rate of return并未提供与投资相关的风险洞察。不同的项目可能具有相似的ARR值，但其风险特征可能截然不同。一个高ARR的项目可能伴随着更高的不确定性，这可能影响投资的整体吸引力。因此，投资者在做出投资决策之前，评估回报和风险是至关重要的。总之，accounting rate of return是评估投资盈利能力的有价值工具。它提供了一种简单明了的方法来评估潜在回报，并帮助企业进行决策。然而，认识到其局限性，特别是在货币时间价值、现金流考虑和风险评估方面是至关重要的。通过将ARR与其他财务指标结合使用，投资者可以更全面地理解他们的投资选择，从而做出更明智的决策。最终，全面的投资分析方法将为企业和投资者带来更好的财务结果。