MODERN INDICATORS OF MEASURING A FIRM’S COMPETITIVITY

Laura Giurca Vasilescu and Daniela Danciulescu
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Daniela Danciulescu: University of Craiova, Faculty of Economy and Business Administration

Revista Tinerilor Economisti (The Young Economists Journal), 2006, vol. 1, issue 6, 14-19

Abstract: The traditional financial ratios reflect the historical performance of the companies, having a limited relevance in the forecasting of their future evolution. The modern financial ratios are based on the concept of value creation, having a high relevance on expressing the real financial performance of the firm. The main modern financial ratios used for the evaluation of the firms financial performances are: Market value added- MVA, Excess return, Economic value added-EVA, Return on Capital Invested–ROCI, Cash Flow Return on Investment–CFROI, Total Business Return–TBR, Total Shareholder Return - TRS.

Keywords: financial ratios; market value; profitability; capital; firm (search for similar items in EconPapers)
JEL-codes: G17 G21 (search for similar items in EconPapers)
Date: 2006
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