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William Pan · 2025年04月26日

请问这个思路是否可行

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NO.PZ202411040100000902

问题如下:

Q. Discuss and estimate assumptions necessary for 1% revenue growth and 6% EBITDA growth.

选项:

解释:

To achieve 6% EBITDA growth with only 1% revenue growth, Benrich will need to achieve cost-cutting strategies related to the cost of goods sold and selling, general, and administrative expenses. The growth rates of both expense items must be below 1% to ensure improved EBITDA margins. To illustrate the margin assumptions necessary, assume Benrich’s revenues grow from 1 to 1.01 (i.e., 1% growth). Benrich’s EBITDA on revenue of 1 is 0.20, and 6% growth would reflect an increase in EBITDA from 0.20 to 0.212. Thus, the EBITDA margin required would be 20.99% (= 0.212 ÷ 1.01). Thus, the combined COGS and SGA expenses would need to decline from 80% of revenues (i.e., 100%−20%) to 79.01% in the first year. The combined COGS and SGA would be equal to 0.798 (= 1.01 − 0.212), and this represents a 25-basis point decline in costs from year to year. This pattern of declining costs would need to continue at slightly increased rates during each subsequent year over a multi-year time horizon to achieve the goal.

老师,请问请问这个思路是否可行?

6% EBITDA growth is constituting of 1% revenue growth. The rest 5% is supposed to be reached by reorganization, management optimisation. cost reduction and capital structure optimisation.

1 个答案

袁园_品职助教 · 2025年04月27日

嗨,从没放弃的小努力你好:


可以的,关键词有了,与给定答案中通过成本削减策略来实现 EBITDA 增长的方向是一致的。认识到仅靠 1% 的收入增长无法实现 6% 的 EBITDA 增长,需要从其他方面(如成本控制)入手,这是理解这道题的关键。

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努力的时光都是限量版,加油!

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