operating leverage

简明释义

经营资本的财务杠杆作用

英英释义

例句

1.A business with low operating leverage 经营杠杆 will have more stable earnings during economic downturns.

拥有低经营杠杆的企业在经济衰退期间将拥有更稳定的收益。

2.Understanding operating leverage 经营杠杆 is crucial for investors looking to assess a company's risk and return profile.

理解经营杠杆对于希望评估公司风险和回报特征的投资者至关重要。

3.Companies with high operating leverage 经营杠杆 can significantly increase their profits with a small increase in sales.

具有高经营杠杆的公司可以通过小幅销售增长显著提高利润。

4.A company can increase its operating leverage 经营杠杆 by investing in technology that reduces variable costs.

通过投资于降低可变成本的技术，公司可以增加其经营杠杆。

5.High operating leverage 经营杠杆 means that fixed costs are high relative to variable costs.

高经营杠杆意味着固定成本相对于可变成本较高。

作文

In the world of finance and business, understanding the concept of operating leverage is crucial for making informed decisions. Operating leverage refers to the degree to which a company can increase its profits by increasing sales. Essentially, it measures how revenue growth translates into profit growth, particularly in companies with fixed costs. If a company has high operating leverage, it means that a small increase in sales can lead to a large increase in profits due to the fixed costs being spread over a larger sales base.For instance, consider a company that manufactures widgets. This company has significant fixed costs, such as rent, salaries for permanent staff, and equipment depreciation. These costs remain constant regardless of how many widgets are produced. When the company sells more widgets, the additional revenue contributes directly to profit after covering the variable costs associated with producing each widget. This is where operating leverage comes into play. The more widgets sold, the higher the profit margins become, as the fixed costs are already covered.However, while high operating leverage can amplify profits during periods of increasing sales, it also poses risks during downturns. If sales decline, the same fixed costs must still be paid, which can lead to significant losses. Therefore, businesses must carefully manage their operating leverage to balance the potential for high profits against the risk of substantial losses.Investors often look at a company's operating leverage when evaluating its financial health and future prospects. A company with high operating leverage may have greater potential for profit growth, but it also carries more risk. Conversely, a company with low operating leverage may have more stable profits, but its growth potential might be limited.Moreover, understanding operating leverage can help businesses make strategic decisions about pricing, production levels, and cost management. For example, if a company recognizes that it has high operating leverage, it may choose to invest in marketing to boost sales, knowing that increased sales could significantly enhance profitability. Alternatively, if sales forecasts are uncertain, the company might decide to reduce fixed costs to lower its operating leverage and mitigate potential losses.In conclusion, operating leverage is a powerful concept that plays a vital role in the financial dynamics of a business. Understanding how it works allows companies to strategize effectively, optimize their operations, and navigate the challenges of changing market conditions. By balancing the benefits and risks associated with operating leverage, businesses can position themselves for sustainable growth and profitability in the long run.

在金融和商业的世界中，理解经营杠杆的概念对做出明智的决策至关重要。经营杠杆是指公司通过增加销售来提高利润的能力。它本质上衡量收入增长如何转化为利润增长，特别是在拥有固定成本的公司中。如果一家公司具有高经营杠杆，这意味着销售的微小增长可以导致利润的大幅增加，因为固定成本分摊到更大的销售基础上。例如，考虑一家生产小部件的公司。这家公司有显著的固定成本，如租金、永久员工的薪水和设备折旧。这些成本无论生产多少小部件都保持不变。当公司销售更多的小部件时，额外的收入在覆盖每个小部件的可变成本后，直接贡献于利润。这就是经营杠杆发挥作用的地方。销售的小部件越多，利润率就越高，因为固定成本已经覆盖。然而，虽然高经营杠杆在销售增长期间可以放大利润，但在经济下滑时期也带来了风险。如果销售下降，仍然必须支付相同的固定成本，这可能导致重大损失。因此，企业必须仔细管理其经营杠杆，以平衡高利润的潜力与重大损失的风险。投资者通常在评估公司的财务健康和未来前景时会关注公司的经营杠杆。具有高经营杠杆的公司可能具有更大的利润增长潜力，但也承受着更大的风险。相反，具有低经营杠杆的公司可能拥有更稳定的利润，但其增长潜力可能受到限制。此外，理解经营杠杆可以帮助企业在定价、生产水平和成本管理方面做出战略决策。例如，如果一家公司意识到它具有高经营杠杆，它可能选择投资于营销以提升销售，因为增加的销售可能显著提高盈利能力。或者，如果销售预测不确定，公司可能决定减少固定成本，以降低其经营杠杆并减轻潜在损失。总之，经营杠杆是一个强大的概念，在企业的财务动态中发挥着重要作用。理解它的运作方式使公司能够有效制定战略，优化运营，并应对变化市场条件的挑战。通过平衡与经营杠杆相关的收益和风险，企业可以为长期可持续增长和盈利能力奠定基础。