The reference indicators for maintaining and increasing the value of state-owned capital are the return on net assets, profit growth rate, surplus cash guarantee multiple and asset-liability ratio.
(1) Return on net assets: refers to the ratio of net profit to average net assets during the operation period of an enterprise. The calculation formula is as follows:
Return on net assets = (net profit/average net assets) × 100%
In which: average net assets = (owner's equity at the beginning+owner's equity at the end) ÷2
(2) Profit growth rate: refers to the ratio of profit growth during the operating period of the enterprise to the total profit in the previous period. The calculation formula is as follows:
Profit growth rate = (profit growth amount ÷ total profit in the previous period) × 100%
In which: profit growth = total profit in the current period-total profit in the previous period.