Ingaba I-Internal Rate of Return or Value Present Value Value?
Yiyiphi Intlawulo yangaphakathi yokubuyiswa?
Ngolwimi lwezezimali, izinga lokubuyiswa kwangaphakathi lizinga lokunciphisa (okanye iindleko zenkampani yexabiso , elibangela ukuba ixabiso langoku lexabiso lemali yeprojekthi lilingane nokutsalwa kotyalo-mali olulinganayo nokunyanzelisa ixabiso elikhoyo elikhoyo Iprojekthi ilingana ne $ 0. Ididekile kakhulu, ndiyakuthetha ukuba izinga langaphakathi lokubuyisela liqikelele izinga lokubuyela kwiprojekthi.
Ngokucacileyo, izinga lokubuyela ngaphakathi liyimitha enzima kunokuba ibale ngaphezu kwexabiso langoku. Nge-spreadsheet ye-Excel, ngumsebenzi olula. Kwixesha elidlulileyo, abaphathi bezemali bekufuneka balinganise ngokusebenzisa isilingo kunye nephutha elalikude nokubala.
Okokuqala, ngesiNgesi, yintoni izinga lokubuyela ngaphakathi? Ukubeka nje, yindlela yokubonakalisa ukubaluleka kweprojekthi kwipesenti endaweni yenani lemali. Ngokuqhelekileyo kuchanekile, kodwa kukho ezinye iimeko ezingenzileyo.
Imigaqo YeeNqununu zeNqanaba lokuPhumela kwangaphakathi
Ukuba i-IRR yeprojekthi inkulu kunelo okanye ilingana neendleko zeprojekthi yenkcitho, yamkela iphrojekthi. Nangona kunjalo, ukuba i-IRR ingaphantsi kweendleko zeprojekthi yenkcitho, yilahla iphrojekthi. Ingqiqo kukuba awufuneki ukuthatha iprojekthi yenkampani yakho ebuyisela imali encinci kunokuba uyihlawulele ukuboleka imali ( indleko yemali ).
Kanye njengenani lexabiso langoku, kufuneka uqwalasele ukuba ukhangele iprojekthi emele okanye yodwa. Kwiiprojekthi ezizimeleyo, ukuba i-IRR iphezulu kuneendleko zentengo, ngoko uyamkela iiprojekthi ezininzi njengoko uhlahlo lwabiwo-mali luvumela. Kwiiprojekthi ezizodwa, ukuba i-IRR ingaphezu kweendleko zentengo, uyamkela iphrojekthi. Ukuba kungaphantsi kweendleko zentengo , ngoko uyayinqabela iphrojekthi.
Umzekelo wexabiso langaphakathi lokubuyela kunye nokuba kutheni iNani leNkcazo eNgcacile ilungile
Makhe sijonge umzekelo kweli nqaku malunga nexabiso langoku . Okokuqala, jonga kwiProjekthi S. Uyabona ukuba, xa ubala inani lexabiso langoku , kwaye ekubeni zizo iiprojekthi ezizodwa, iProjekthi ilahleka. Ixabiso lentengo elingaphantsi kweProjekthi L, ngoko ke iqumrhu liza kukhetha i-Project L malunga neProjekthi S. Nangona kunjalo, ukuba usebenzisa i-calculator ye-intanethi kwaye uphawule ukuhamba kwemali kwiiprojekthi ezimbini kuzo, izinga lokubuyela ngaphakathi kweProjekthi S - 14.489%.
Ngoku, makhe sijonge kwiProjekthi L. Iprojekthi L yiprojekthi oyayiyikhetha phantsi kwexabiso lexabiso langoku lexabiso elikhoyo njengaloo xabiso lexabiso langoku li-$ 1,004.03, xa kuthelekiswa nexabiso leNkqubo ye-Projekthi ye-Project S eyi-788.20. Kwakhona, ukuba usebenzisa i-calculator ye-intanethi kunye ne-Project Le s cash flow kuyo, uya kufumana i-IRR yeProjekthi ye-13,549%.
Ngaphantsi kweendlela zokuthatha isigqibo se-IRR, iProjekthi L ine-IRR engaphantsi kwaye iqumrhu liza kukhetha i-Project S.
Kutheni iinqununu zesigqibo sezinga lokubuyela ngaphakathi kunye nexabiso elikhoyo langoku linika iimpendulo ezahlukileyo kwingxelo- mali yohlahlo lwabiwo-mali ? Nantsi enye yeengxaki kunye nezinga langaphakathi lokubuyisela kubhajethi . Ukuba iqumrhu lihlalutya iiprojekthi ezizodwa, i-IRR ne-NPV inokunika izigqibo eziphikisanayo. Oku kuya kwenzeka kwakhona ukuba nayiphi na imali ephuma kwiprojekti ayimbi ngaphandle kotyalo-mali bokuqala .
Isishwankathelo
Yonke into ibonisa indlela yokuthatha isisombululo senani elikhoyo njengamanani angaphezulu kwinqanaba langaphakathi lokuthatha isigqibo. Omnye umcimbi wokugqibela ukuba abanikazi boshishino kufuneka baqwalasele ukulinganiswa kwezinga lokubuyisela imali. I-IRR ngamanye amaxesha iphosakeleyo kuba ithatha ukuhamba kwemali kwiprojekthi iphinda ivunwe kwi-IRR yeprojekthi.
Nangona kunjalo, ixabiso elikhoyo elikhoyo elikhoyo lithatha ukuhamba kwemali kwiprojekthi ibuyiswa kwakhona kwiindleko zenkampani yexabiso elichanekileyo.