• Title/Summary/Keyword: Ratios

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A Study on the Ratio Analysis as a Tool for Evaluating Financial Performance (병원재정 평가를 위한 비율분석에 관한 연구)

  • Chae, Young-Moon;Yun, Jung-Hyun;Lee, Hae-Jong
    • Journal of Preventive Medicine and Public Health
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    • v.19 no.2 s.20
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    • pp.213-223
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    • 1986
  • Ratio analysis allows a hospital to evaluate its own performance over time and to compare its performance with that of other hospitals. For this study, three types of ratio analysis were conducted based on some data on hospitals in Massachusetts. First, Key ratios influencing financial performance were identified using discriminant analysis. Second, the financial structures of the teaching and the non-teaching hospitals were compared using ratios and multiple comparison method. Third, the effects of the prospective reimbursement law of the state on financial performance were examined using ratios and paired t-test. The purpose of the law is to reduce hospital costs by setting the revenue ceiling prior to the effective budget year. The findings of this study were as follows: 1) When hospitals were divided into three groups, according to their operating income, only profitability ratios showed a consistent difference among the groups. 2) In the discriminant analysis, five ratios were selected: current ratio, operating margin, return on assets, fixed assets turnover, and inventory turnover. They are the key ratios to be monitored periodically for the purpose of evaluating the financial performance of hospitals. 3) When teaching hospitals were compared with non-teaching hospitals, acid ratio, days of cash on hand, and inventory turnover were statistically significant before the law went into effect, whereas only fixed assets turnover and inventory turnover were significant afterward. Contrary to previous studies, profitability ratios of teaching hospitals were higher than those of non-teaching hospitals, although the differences were not statistically significant. 4) When the ratios between the two periods (before and after the law) were compared, three profitability ratios (operating margin, return on assets, and return on equity) were significant for teaching hospitals, whereas three activity ratios (total assets turnover, fixed assets turnover, current assets turnover) were significant for non-teaching hospitals. Furthermore, while both total operating revenue and expenses were decreased, net operating income was increased, due to a greater decrease in total operating expenses. This shows that the law can indeed, simultaneously, achieve both a reduction in costs as well as an improvement in the financial situation of hospitals.

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Polyunsaturated/saturated Fatty Acid Ratios and Antioxidant Supplementation under the Control of Dietary Peroxidizability Index Value: Impact on Serum Lipid Profiles in Young and Adult Rats

  • Kang, Min Jeong;Lee, Eun Kyung;Lee, Sang Sun
    • Nutritional Sciences
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    • v.8 no.1
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    • pp.10-15
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    • 2005
  • An increase in serum cholesterol is directly associated with high incidences of cardiovascular diseases (CVD) and atherosclerosis. Serum lipid profiles are highly dependent on dietary fatty acids and age. The purpose of this study was to examine the age-related effects of polyunsaturated/saturated fatty acid ratios and antioxidant supplementation under the control of the dietary peroxidizability index (PI) value on serum lipid profiles in rats. While the PI level of dietary fatty acids was controlled at 81.22, the P/S ratios of fatty acids were 0.38 and 4.81 (LP and HP). The diets were supplemented with a vitamin E 1000 mg/kg diet and a selenium 2.5 mg/kg diet (LPS and HPS). Female Sprague-Dawley rats ages 3 weeks (young) and 16 weeks (adult) were fed four different experimental diets for 4 weeks. The serum triglyceride concentration of LPS was significantly higher in young rats than in adult rats. The total-cholesterol concentration of LP and HPS were higher in young rats than in adult rats. The high-density lipoprotein-cholesterol (HDL-C) concentration of LP, LPS and HP was higher in adult rats than in young rats. The low-density lipoprotein-cholesterol (LDL-C) concentration was higher in young rats than in adult rats. T-C/HDL-C and LDL-C/HDL-C ratios were much higher in young rats than in adult rats. In conclusion, P/S ratios and antioxidant supplementation did not affect T-C/HDL-C and LDL-C/HDL-C ratios as risk factors of CVD in adult rats when we controlled the PI value in the diet Probably, the invisible and confounding effects of dietary PI value implicate the beneficial roles of dietary P/S ratios and antioxidants in CVD. Accordingly, controlling the dietary PI value may be advantageous to lower the risk of CVD in adult rats.

Empirical Relations of Nutrients, N : P Ratios, and Chlorophyll in the Drinking Water Supplying Dam and Agricultural Reservoirs

  • Lee, Sang-Jae;An, Kwang-Guk
    • Korean Journal of Ecology and Environment
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    • v.41 no.4
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    • pp.512-518
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    • 2008
  • This study were to evaluate trophic conditions, N : P ratios, and empirical relations of chlorophyll (CHL) systematically using TN, TP, and CHL values in agricultural reservoirs and drinking water supplying dams. During the study, nutrients and CHL varied depending on seasonal conditions and types of the reservoirs, but most reservoirs were diagnozed as eutrophic to hypertrophic. Mass ratios of TN : TP averaged 93.1 (range: $0.68{\sim}1342$) and about 96.6 % of the total observations (n=516) was > 17 in the N : P ratios. This result suggests that P was a potential factor limiting algal growth in the entire reservoir. Thus, TN : TP ratios were a function of phosphorus rather than nitrogen. Regression analysis of log-transformed N : P ratios against TP in DWDRs and ARs showed that ratios were linearly declined with an increase of TP ($R^2$>0.66; p<0.001). Seasonal mean CHL was minimum ($4.3{\mu}g\;L^{-1}$, range: $0.1{\sim}39.7{\mu}g\;L^{-1}$) in premonsoon, and was similar between the monsoon and postmonsoon. In contrast, one of the tremendous features was that values of CHL was greater in the ARs than DWDRs. Thus, the spatial and temporal patterns in CHL were similar to those of TP but not TN. Empirical models of CHL-TP showed that CHL variation could explain average 15.3% and 11.3% in DWDRs and ARs, respectively. Seasonal analysis of empirical models showed that CHL-TP relations were stronger in postmonsoon than those of premonsoon and monsoon.

Influence of Initial Molar Ratios on the Performance of Low Molar Ratio Urea-Formaldehyde Resin Adhesives

  • LUBIS, Muhammad Adly Rahandi;PARK, Byung-Dae
    • Journal of the Korean Wood Science and Technology
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    • v.48 no.2
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    • pp.136-153
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    • 2020
  • In this paper, the influence of initial formaldehyde/urea (F/U) molar ratios on the performance of low molar ratio (1.0) urea-formaldehyde (UF) resin adhesives has been investigated. Two initial F/U molar ratios, i.e., the first and second initial molar ratios were used for the alkaline addition reaction. Three levels of the first initial F/U molar ratios (2.0, 3.0, and 4.0) and two levels of the second initial molar ratios (2.0 and 1.7) were employed to prepare a total of six UF resins with an identical final molar ratio (1.0). The basis properties, functional groups, molecular weight, crystallinity, and thermal curing properties of the UF resins were characterized in detail. Higher levels (3.0 and 4.0) of the first initial F/U molar ratio provided the UF resins with better properties (non-volatile solids content, viscosity, gelation time, pH, and specific gravity) than those of the resins prepared with the conventional level F/U molar ratio of 2.0. Statistical analysis suggested that combining the first and second initial molar ratio of 4.0 with 1.7 would result in UF resins with greater adhesion strength and lower formaldehyde emission than those of the resins prepared with other molar ratios. The results showed that higher levels of the first initial molar ratio resulted in a more branched structure, as indicated by GPC, FTIR, DSC, XRD, and greater adhesion strength than those of the other UF resins with an identical final molar ratio of 1.0.

Random Walk Test on Hedge Ratios for Stock and Futures (헤지비율의 시계열 안정성 연구)

  • Seol, Byungmoon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.2
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    • pp.15-21
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    • 2014
  • The long memory properties of the hedge ratio for stock and futures have not been systematically investigated by the extant literature. To investigate hedge ratio' long memory, this paper employs a data set including KOSPI200 and S&P500. Coakley, Dollery, and Kellard(2008) employ a data set including a stock index and commodities foreign exchange, and suggested the S&P500 to be a fractionally integrated process. This paper firstly estimates hedge ratios with two dynamic models, BEKK(Bollerslev, Engle, Kroner, and Kraft) and diagonal-BEKK, and tests the long memory of hedge ratios with Geweke and Porter-Hudak(1983)(henceforth GPH) and Lo's modified rescaled adjusted range test by Lo(1991). In empirical results, two hedge ratios based on KOSPI200 and S&P500 show considerably significant long memory behaviours. Thus, such results show the hedge ratios to be stationary and strongly reject the random walk hypothesis on hedge ratios, which violates the efficient market hypothesis.

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Effect of Anisotropic Ratio for Rayleigh Wave of a Half-Infinite Composite Material (반 무한 복합체의 Rayleigh 표면파에 대한 이방성비의 영향)

  • Baek, Un-Cheol;Hwang, Jae-Seok;Song, Yong-Tae
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.25 no.3
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    • pp.502-509
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    • 2001
  • In this paper, when stress waves are propagated along the reinforced direction of the composite, the characteristic equation of Rayleigh wave is derived. The relationships between velocities of stress waves and Rayleigh wave are studied for anisotropic ratios(E(sub)11/E(sub)12 or E(sub)22/E(sub)11). The increments of anisotropic ratios is made by using known material properties and being constant of basic properties. When the anisotropic ratios are increased, Rayleigh wave velocities to the shear wave velocities are almost equal to 1 with any anisotropic ratios. Rayleigh wave velocities to the longitudinal wave velocities and Shear wave velocities ratio to the longitudinal wave velocities are almost identical each other, they are between 0.12 and 0.21. When the anisotropic ration is very high, that is, E(sub)11/E(sub)22=46.88, Rayleigh wave velocities and the shear wave velocities are almost constant with Poissons ratio, longitudinal wave velocities are very slowly increased with the increments of Poissons ratios. When E(sub)11(elastic modulus of the reinforced direction)and ν(sub)12 are constant, Rayleigh wave velocities and the shear wave velocities are steeply decreased with the increments of anisotropic ratios and the velocities of longitudinal wave are almost constant with them. When E(sub)22(elastic modulus of the normal direction to the fiber) and ν(sub)12 are constant, Rayeigh wave velocities is slowly increased with the increments of anisotropic ratios, the shear wave velocities are almost constant with them, the longitudinal wave velocities are steeply increased with them.

Proportions of the aesthetic African-Caribbean face: idealized ratios, comparison with the golden proportion and perceptions of attractiveness

  • Mantelakis, Angelos;Iosifidis, Michalis;Al-Bitar, Zaid B.;Antoniadis, Vyron;Wertheim, David;Garagiola, Umberto;Naini, Farhad B.
    • Maxillofacial Plastic and Reconstructive Surgery
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    • v.40
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    • pp.20.1-20.10
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    • 2018
  • Background: In the absence of clear guidelines for facial aesthetic surgery, most surgeons rely on expert intuitive judgement when planning aesthetic and reconstructive surgery. One of the most famous theories regarding "ideal" facial proportions is that of the golden proportion. However, there are conflicting opinions as to whether it can be used to assess facial attractiveness. The aim of this investigation was to assess facial ratios of professional black models and to compare the ratios with the golden proportion. Methods: Forty photographs of male and female professional black models were collected. Observers were asked to assign a score from 1 to 10 (1 = not very attractive, 10 = very attractive). A total of 287 responses were analysed for grading behaviour according to various demographic factors by two groups of observers. The best graded photographs were compared with the least well-graded photographs to identify any differences in their facial ratios. The models' facial ratios were calculated and compared with the golden proportion. Results: Differences in grading behaviour were observed amongst the two assessment groups. Only one out of the 12 facial ratios was not significantly different from the golden proportion. Conclusions: Only one facial ratio was observed to be similar to the golden proportion in professional model facial photographs. No correlation was found between facial ratios in professional black models with the golden proportion. It is proposed that an individualistic treatment for each ratio is a rather better method to guide future practice.

Effect of Small and Medium Businesses' R&D Intensity and Patents on Their P/E Ratios (중소기업의 연구개발집중도와 특허가 주가수익률에 미치는 영향 연구)

  • Park, Jung-Hee;Yeo, In-Gook;Moon, Jong-Beom
    • Journal of Korea Technology Innovation Society
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    • v.14 no.3
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    • pp.466-487
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    • 2011
  • This study analyzed the effect of small and medium businesses' R&D intensity and patents on their price-earnings (P/E) ratios. Regression analysis was conducted on a sample of manufacturers listed on the Korean Securities Dealers Automated Quotations (KOSDAQ) for the past decade (2000~2009). The result is summarized as follows. First, a negative correlation was identified between companies' R&D intensity and their P/E ratios, but no significant relationship was found between their numbers of domestic patent applications and registrations and P/E ratios. Second, the analysis of the effect of the companies' R&D intensity on their P/E ratios resulted in a negative correlation of -1%. Third, the analysis of the effect of the companies' number of domestic patent applications and registrations on their P/E ratios showed that they did not have any significant relationship. Fourth, high-tech firms' R&D intensity had a negative correlation of -1% with their P/E ratios, but had a positive correlation of 1% with their numbers of domestic patent applications. Furthermore, the R&D intensity of middle-to-high and middle-to-low tech enterprises had a negative correlation of -1% with their P/E ratios, whereas their numbers of domestic patent applications and registrations had no significant relationship with their P/E ratios. The above results suggest that to produce successful outcomes from their R&D investment and patents, individual firms need strategies for technological innovation that relate to their technological level.

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The Fundamental Properties of Alkali-Activated Slag Cement (AASC) Mortar with Different Water-Binder Ratios and Fine Aggregate-Binder Ratios (물-결합재 비와 잔골재-결합재 비에 따른 알칼리 활성화 슬래그 모르타르의 기초특성)

  • Kim, Tae-Wan;Hahm, Hyung-Gil;Lee, Seong-Haeng;Eom, Jang-Sub
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.17 no.5
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    • pp.77-86
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    • 2013
  • This study investigates the fundamental properties of the water-binder (W/B) ratio and fine aggregate-binder (F/B) ratio in the alkali-activated slag cement (AASC) mortar. The W/B ratios are 0.35, 0.40, 0.45, and 0.50, respectively. And then the F/B ratios varied between 1.00 and 3.00 at a constant increment of 0.25. The alkali activator was an 2M and 4M NaOH. The measured mechanical properties were compared, flow, compressive strength, absorption, ultra sonic velocity, and dry shrinkage. The flow, compressive strength, absorption, ultra sonic velocity and dry shrinkage decreased with increases W/B ratio. The compressive strength decreases with increase F/B ratio at same W/B ratio. Also, at certain value of F/B ratio significant increase in strength is observed. And S2 (river sand 2) had lower physical properties than S1 (river sand 1) due to the fineness modulus. The results of experiments indicated that the mechanical properties of AASC depended on the W/B ratio and F/B ratio. The optimum range for W/B ratios and F/B ratios of AASC is suggested that the F/B ratios by 1.75~2.50 at each W/B ratios. Moreover, the W/(B+F) ratios between 0.13 and 0.14 had a beneficial effect on the design of AASC mortar.

Effect of Embedment Depth of Footing on Behavior of Compensated Foundation (기초의 근입깊이가 보상기초의 거동에 미치는 영향)

  • Lee, Seung-Hyun;Han, Jin-Tae
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.2
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    • pp.1477-1482
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    • 2015
  • In order to find out the effect of embedment ratio on behavior compensated foundation, numerical analyses were performed. Bearing capacity ratios obtained from numerical analyses were greater than those obtained from theoretical equations and it could be seen that the bearing capacity ratio was proportional to the embedment ratio with only exception of the case of square footing in which bearing capacity ratio was increased rapidly with the embedment ratio. For the case of strip footing on sand, the bearing capacity ratios obtained from the numerical analyses and Meyerhof equation were similar with each other and magnitudes of those were as much as square of the embedment ratio but the bearing capacity ratios were little affected by the embedment ratios for the case of strip footing on clay. It can be said that the bearing capacity ratios obtained from the square footing are greater than those obtained from the strip footing. According to the numerical analysis, values of settlement ratios which correspond to the embedment ratio of one were about 0.4 and settlement ratios were decreased with increase of the embedment ratios. Settlement ratios of the loose sand were smaller than those of the dense sand and the clay.