El izindleko zokulingana Kungumqondo oyisisekelo emhlabeni wezezimali ovame ukunganakwa osomabhizinisi abaningi nabatshalizimali abancane. Nokho, Ukwenza kahle le methrikhi kungaba umehluko phakathi kwempumelelo nokwehluleka kokutshalwa kwezimali kwakho.Kulesi sihloko, sizodalula izimfihlakalo zalesi sibalo futhi sikubonise ukuthi ungasisebenzisa kanjani empilweni yakho yezezimali yansuku zonke.
Ziyini izindleko ze-equity capital ngempela?
Cabanga ukuthi unebhizinisi futhi ucabanga ukutshala imali kuphrojekthi entsha. Wazi kanjani ukuthi kuwufanele ukubeka imali yakho engozini? Yilapho i- izindleko zokulingana. Lo mqondo umele izinga lembuyiselo abatshalizimali abalindele ukuyithola ngokutshala imali enkampanini yakho.
Ngamagama alula, yinani olikhokhayo ngokusebenzisa imali yabaninimasheya. Uma ungakwazi ukukhiqiza imbuyiselo ngaphezu kwalezi zindleko, cishe ucekela phansi inani kunokuthi ulidale. Ngakho-ke, Ukubala kahle lesi sibalo kubalulekile ukwenza izinqumo ezihlakaniphile zezimali.
Amafomula Ezindleko Zokulingana: Ngaphandle Kwezinombolo
Manje, ubala kanjani le nombolo engaqondakali? Kunamafomula amaningana, kodwa ake sigxile kulawo asetshenziswa kakhulu futhi asebenzayo. Ungakhathazeki uma izibalo kungeyona into yakho; Ngiyathembisa ukuthi sizokwenza isinyathelo ngesinyathelo nangendlela enobungane.
Imodeli ye-CAPM: inkanyezi yombukiso
El Imodeli Yokulinganisa Impahla Yezezimali Indlela ye-CAPM iyindlela edume kakhulu yokubala izindleko ze-equity capital. Ifomula yayo ithi:
- Ke = Rf + β(Rm - Rf)
- Kuphi:
Ke = Izindleko zokulingana
Rf = Izinga elingenabungozi
β = I-Beta yesitoko
Rm = Ukubuyiselwa kwemakethe okulindelekile
Kubonakala kuyinkimbinkimbi, akunjalo? Kodwa ungakhathazeki, sizokuhlephula. izinga elingenabungozi ngokuvamile isivuno samabhondi kahulumeni wesikhathi eside. I i-beta ikala ukuntengantenga kwesitoko uma kuqhathaniswa nemakethe. Futhi i ukubuyiselwa kwemakethe okulindelekile Ku… kahle, olindele ukuthi imakethe iyonke ikuzuze.
Uma i-CAPM ibonakala iyinkimbinkimbi kakhulu kuwe, i- Imodeli Yokukhula KaGordon Kungaba umngane wakho omkhulu. Ifomula yayo ithi:
- Ke = (D1 / P0) + g
- Kuphi:
D1 = Isabelomali silindelwe onyakeni olandelayo
P0 = Intengo yamasheya yamanje
g = Izinga lokukhula elilindelekile lezinzuzo
Le modeli iwusizo ikakhulukazi ezinkampanini ezikhokha njalo izabelo. Kufana nokubheka ikusasa ngokusekelwe kulokho inkampani ekwenzile esikhathini esidlule..
Ake siqale ngesibonelo. Ake sithi ungumnikazi wenkampani yezobuchwepheshe futhi ufuna ukubala izindleko zakho ze-equity capital usebenzisa i-CAPM.
Idatha:
-Rf (izinga elingenabungozi) = 2%
- β (i-beta yenkampani yakho) = 1.2
- I-Rm (inzuzo yemakethe elindelwe) = 8%
Ukusebenzisa ifomula:
Ke = 2% + 1.2(8% – 2%) = 9.2%
Kusho ukuthini lokhu? Abatshalizimali balindele imbuyiselo engu-9.2% yokutshala imali enkampanini yakho. Uma iphrojekthi yakho ingakwazi ukudlula lo mkhawulo, ungase ufune ukuyicabangela kabusha.
Izinto ezinomthelela ezindlekweni zokulingana
Izindleko ze-equity capital ayisona isibalo esimile; iyashintshashintsha ngokuhamba kwesikhathi futhi incike ezintweni eziningana. Ukuqonda lezi zakhi Kuzokusiza ukuthi ulindele izinguquko futhi ulungise amasu akho ezezimali.
Ingozi yebhizinisi
Uma ibhizinisi lakho liyingozi kakhulu, izindleko zakho zokulingana zikhuphuka. Abatshalizimali bazofuna a isinxephezelo esengeziwe sokuthatha ingozi eyengeziweIsibonelo, ukuqaliswa kwe-biotech kuzoba nezindleko eziphezulu zemali kunensiza esunguliwe.
Isakhiwo semali
Isilinganiso sesikweletu ne-equity enkampanini yakho nayo iyayithinta. Izikweletu eziningi ngokuvamile zisho ingozi eyengeziwe, okungase kwenyuse izindleko zokulingana. Nokho, izikweletu nazo zinezinzuzo zentela, ngakho ukuthola ibhalansi efanele kubalulekile.
Izimo zemakethe
Amazinga enzalo, ukwehla kwamandla emali, nezimo zezomnotho ezivamile konke kunendima. Ezikhathini zokungaqiniseki kwezomnotho, abatshalizimali bavame ukufuna isivuno esiphezulu, okuphakamisa izindleko ze-equity capital.
Amaphutha ajwayelekile lapho kubalwa izindleko zokulingana
Ngisho nongoti bezezimali kwesinye isikhathi benza amaphutha uma bebala le metric. Nazi ezinye izingibe okufanele uzigweme:
- Sebenzisa idatha yomlando engalungiswangaIsikhathi esedlule asihlali sisibikezeli esihle sekusasa. Qiniseka ukuthi ulungisa izibalo zakho ngokusekelwe kulokho okulindelwe yimakethe yamanje.
- Ukuziba ubungozi benkampani ethile: Wonke amabhizinisi ahlukile. Ungamane ukopishe izinombolo zalabo oqhudelana nabo ngaphandle kokucabangela izimo zakho.
- Ikhohlwe ukubuyekeza izibalo: Izindleko zokulingana ziyashintsha ngokuhamba kwesikhathi. Ibuyekeze ngezikhathi ezithile ukuqinisekisa ukuthi izinqumo zakho zezimali zihlala ziqinile.
Awudingi ukwenza yonke into ngesandla. Kunamathuluzi amaningi nezisetshenziswa ezingenza ukubala izindleko zakho zokulingana kube lula:
- Amaspredishithi aklanywe kusengaphambili: Izinkundla eziningi zezimali zinikeza izifanekiso zamahhala ongayenza ngokwezifiso kalula.
- Isofthiwe yezezimali: Izinhlelo ezifana I-Capterra ukunikeza izixazululo ezithuthuke kakhulu zokubala zezimali eziyinkimbinkimbi.
- Iseluleko sochwepheshe: Ngezinye izikhathi, ukubonisana nochwepheshe kungakongela ubuhlungu bekhanda futhi kukunikeze imininingwane ebalulekile.
Ukwazi ukubalwa kwezindleko zokulingana ngeke kukwenze ube umphathi wezezimali ongcono kuphela, kodwa futhi kuzokunikeza inzuzo yokuncintisana emhlabeni webhizinisi. Khumbula, zonke izinqumo zezezimali zibalulekile, nokuba namathuluzi afanele okuzihlola kungenza umehluko phakathi kwempumelelo nokwehluleka. Ngakho-ke, ingabe usukulungele ukugxumela emhlabeni othakazelisayo wezindleko ze-equity capital? Ukutshalwa kwezimali kwakho kwesikhathi esizayo kuzokubonga.