• Title/Summary/Keyword: Ratios

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A Decision Support Model for Financial Performance Evaluation of Listed Companies in The Vietnamese Retailing Industry

  • NGUYEN, Phi-Hung;TSAI, Jung-Fa;NGUYEN, Viet-Trang;VU, Dang-Duong;DAO, Trong- Khoi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1005-1015
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    • 2020
  • This paper aims to propose a Comprehensive Decision Support Model to evaluate retail companies' financial performance traded on the Vietnam Stock Exchange Market. The financial performance has been examined in terms of the valuations ratios, profitability ratios, growth rates, liquidity ratios, efficiency ratios, and leverage ratios. The data of twelve companies from the first quarter to the fourth quarter of 2019 and the first quarter of 2020 were employed. The weights of 18 chosen financial ratios are calculated by using the Standard Deviation method (SD). Grey Relational Analysis technique was applied to obtain the final ranking of each company in each quarter. The results showed that leverage ratios have the most significant impact on the retail companies' financial performance and gives some long-term investment recommendations for stakeholders and indicated that the Taseco Air Services Joint Stock Company (AST), Mobile World Investment Corporation (MWG), and Cam Ranh International Airport Services Joint Stock Company (CIA) are three of the top efficient companies. The three of the worst companies are Viglacera Corporation (VGC), Saigon General Service Corporation (SVC), and HocMon Trade Joint Stock Company (HTC). Furthermore, this study suggests that the GRA model could be implemented effectively to ranking companies of other industries in the future research.

Assessment of Reliability when Using Diagnostic Binary Ratios of Polycyclic Aromatic Hydrocarbons in Ambient Air PM10

  • Pongpiachan, Siwatt
    • Asian Pacific Journal of Cancer Prevention
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    • v.16 no.18
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    • pp.8605-8611
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    • 2016
  • The reliability of using diagnostic binary ratios of particulate carcinogenic polycyclic aromatic hydrocarbons (PAHs) as chemical tracers for source characterisation was assessed by collecting PM10 samples from various air quality observatory sites in Thailand. The major objectives of this research were to evaluate the effects of day and night on the alterations of six different PAH diagnostic binary ratios: An/(An + Phe), Fluo/(Fluo + Pyr), B[a]A/(B[a]A + Chry), B[a]P/(B[a]P + B[e]P), Ind/(Ind + B[g,h,i]P), and B[k]F/Ind, and to investigate the impacts of site-specific conditions on the alterations of PAH diagnostic binary ratios by applying the concept of the coefficient of divergence (COD). No significant differences between day and night were found for any of the diagnostic binary ratios of PAHs, which indicates that the photodecomposition process is of minor importance in terms of PAH reduction. Interestingly, comparatively high values of COD for An/(An + Phe) in PM10 collected from sites with heavy traffic and in residential zones underline the influence of heterogeneous reactions triggered by oxidising gaseous species from vehicular exhausts. Therefore, special attention must be paid when interpreting the data of these diagnostic binary ratios, particularly for cases of low-molecular-weight PAHs.

13C-NMR Spectroscopy of Urea-Formaldehyde Resin Adhesives with Different Formaldehyde/Urea Mole Ratios

  • Park, Byung-Dae;Lee, Sang M.;Park, Jong-Young
    • Journal of the Korean Wood Science and Technology
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    • v.36 no.2
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    • pp.63-72
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    • 2008
  • As a part of abating formaldehyde emission of urea-formaldehyde (UF) resin adhesive, this study was conducted to investigate chemical structures of UF resin adhesives with different formaldehyde/urea (F/U) mole ratios, using carbon-13 nuclear magnetic resonance ($^{13}C$-NMR) spectroscopy. UF resin adhesives were synthesized at four different F/U mole ratios such as 1.6, 1.4, 1.2, and 1.0 for the analysis. The analysis $^{13}C$-NMR spectroscopy showed that UF resin adhesives with higher F/U mole ratios (i.e., 1.6 and 1.4) had two distinctive peaks, indicating the presence of dimethylene ether linkages and methylene glycols, a dissolved form of free formaldehyde. But, these peaks were not detected at the UF resins with lower F/U mole ratios (i.e., 1.2 and 1.0). These chemical structures present at the UF resins with higher F/U mole ratios indicated that UF resin adhesive with higher F/U mole ratio had a greater contribution to the formaldehyde emission than that of lower F/U mole ratio. Uronic species were detected for all UF resins regardless of F/U mole ratios.

Comparison of Lipid Profile Ratios in Patients with High-grade Brain Cancers according to the Presence of Recurrence during Cancer-related Therapy (항암치료 받는 악성 뇌종양 환자의 재발여부에 따른 지질프로필 비율의 비교)

  • Kim, Sanghee
    • Journal of Korean Biological Nursing Science
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    • v.19 no.2
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    • pp.107-112
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    • 2017
  • Purpose: The purpose of this study was to identify the lipid profile ratios as factors affecting disease progress in patients with high-grade primary brain cancers undergoing concurrent chemoradiotherapy (CCRT) and adjuvant chemotherapy. Methods: The levels of lipid profile ratios were evaluated by looking at the total cholesterol (TC) to high-density lipoprotein (HDL)-cholesterol (TC/HDL-c), low-density lipoprotein (LDL)-cholesterol to HDL-cholesterol (LDL-c/HDL-c), and triglycerides to HDL-cholesterol (TG/HDL-c). This descriptive research was conducted 7 months after the initiation of CCRT and adjuvant chemotherapy. Results: A total of 36 patients with newly diagnosed primary malignant brain cancer were included in the study. The levels of lipid profile ratios such as TC/HDL-c, LDL-c/HDL-c, TG/HDL-c were significantly different between the patients with and without disease progress at 7 months after initiation of CCRT and adjuvant chemotherapy. Conclusion: The lipid profile ratios were indicators affecting disease prognosis with tumor-related factors at 7 months after initiation of CCRT and adjuvant chemotherapy. Therefore, lipid profile ratios indicating hyperlipidemia in patients with high-grade brain cancers should be carefully monitored during and after cancer-related therapy.

Strength criterion of plain recycled aggregate concrete under biaxial compression

  • He, Zhen-Jun;Liu, Gan-Wen;Cao, Wan-Lin;Zhou, Chang-Yang;Jia-Xing, Zhang
    • Computers and Concrete
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    • v.16 no.2
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    • pp.209-222
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    • 2015
  • This paper presents results of biaxial compressive tests and strength criterion on two replacement percentages of recycled coarse aggregate (RPRCA) by mass for plain structural recycled aggregate concrete (RAC) at all kinds of stress ratios. The failure mode characteristic of specimens and the direction of the cracks were observed and described. The two principally static strengths in the corresponding stress state were measured. The influence of the stress ratios on the biaxial strengths of RAC was also analyzed. The experimental results showed that the ratios of the biaxial compressive strength ${\sigma}_{3f}$ to the corresponding uniaxial compressive strength $f_c$ for the two RAC are higher than that of the conventional concrete (CC), and dependent on the replacement percentages of recycled coarse aggregate, stress states and stress ratios; however, the differences of tensile-compressive ratios for the two RAC and CC are smaller. On this basis, a new failure criterion with the stress ratios is proposed for plain RAC under biaxial compressive stress states. It provides the experimental and theoretical foundations for strength analysis of RAC structures subject to complex loads.

The Effects of Earth Worm Casts as a Plant Growth Media on the Growth of Orchardgrass Seedlings (Plant Growth Media로써 지렁이 분립이 Orchardgrass 생육에 미치는 영향)

  • Lee, Pil-Won;Lee, Ju-Sam
    • Korean Journal of Organic Agriculture
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    • v.7 no.2
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    • pp.179-188
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    • 1999
  • The effects of earthworm casts as a plant growth media on the growth of orchardgrass seedlings and the changes of physico-chemical properties in worm casts mixture soils were investigated during the growth period of 1998. Worm casts were mixtured with vermiculite, perlite and peat moss, and mixture ratios of worm casts with commercial recommended soil were 100:0(control), 75:25, 50:50, 25:75, and 0:100, respectively. The results were obtained as follows; 1. Plant length(PL) was increased in higher mixture ratios of worm casts and peat moss than those of other mixture ratios of commercial recommended soils. 2. Number of tillers(NT) were significantly increased in mixture ratios of worm casts and peat moss(50:50) and 100% of vermiculite. 3. Root length(RL) was significantly differences between mixture ratios at the worm casts, and the highest value was obtained at all mixture ratios of worm casts and perlite. 4. Dry weight of leaf(LW) was not significantly differences at mixture ratios of 50:50 in all treatments. Especially, between the mixture ratios of worm casts with peatmoss(25:75) and peat moss(75:25) were not significantly differences in dry weight of leaf(LW). The highest value of dry weight of leaf(LW) was obtained at mixture ratios of peat moss and worm casts. 5. Dry weight of tillers(SW) was not significantly differences at mixture ratios of 50:50 in all treatments, and peat moss(75:25) and vermiculite(75:25), respectively. 6. biological yield(BY) at all treatments were increased by yield components of dry weight of tillers(SW), dry weight of root(RW) and length of root(RL). 7. The biological yield of orchardgrass seedlings was greatly increased with mixture ratios of worm casts and peat moss over the 50%.

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Effect of Gynosaponin on Rumen In vitro Methanogenesis under Different Forage-Concentrate Ratios

  • Manatbay, Bakhetgul;Cheng, Yanfen;Mao, Shengyong;Zhu, Weiyun
    • Asian-Australasian Journal of Animal Sciences
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    • v.27 no.8
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    • pp.1088-1097
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    • 2014
  • The study aimed to investigate the effects of gynosaponin on in vitro methanogenesis under different forage-concentrate ratios (F:C ratios). Experiment was conducted with two kinds of F:C ratios (F:C = 7:3 and F:C = 3:7) and gynosaponin addition (0 mg and 16 mg) in a $2{\times}2$ double factorial design. In the presence of gynosaponin, methane production and acetate concentration were significantly decreased, whereas concentration of propionate tended to be increased resulting in a significant reduction (p<0.05) of acetate:propionate ratio (A:P ratio), in high-forage substrate. Gynosaponin treatment increased (p<0.05) the butyrate concentration in both F:C ratios. Denaturing gradient gel electrophoresis (DGGE) analysis showed there was no apparent shift in the composition of total bacteria, protozoa and methanogens after treated by gynosaponin under both F:C ratios. The real-time polymerase chain reaction (PCR) analysis indicated that variable F:C ratios significantly affected the abundances of Fibrobacter succinogenes, Rumninococcus flavefaciens, total fungi and counts of protozoa (p<0.05), but did not affect the mcrA gene copies of methanogens and abundance of total bacteria. Counts of protozoa and abundance of F.succinogenes were decreased significantly (p<0.05), whereas mcrA gene copies of methanogens were decreased slightly (p<0.10) in high-forage substrate after treated by gynosaponin. However, gynosaponin treatment under high-concentrate level did not affect the methanogenesis, fermentation characteristics and tested microbes. Accordingly, overall results suggested that gynosaponin supplementation reduced the in vitro methanogenesis and improved rumen fermentation under highforage condition by changing the abundances of related rumen microbes.

The Origin and Biogeochemistry of Organic Matter in Surface Sediments of Lake Shihwa and Lake Hwaong

  • Won, Eun-Ji;Cho, Hyen-Goo;Shin, Kyung-Hoon
    • Ocean Science Journal
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    • v.42 no.4
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    • pp.223-230
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    • 2007
  • To understand the origin and biogeochemistry of the organic matter in surface sediments of Lake Shihwa and Lake Hwaong, organic nitrogen, inorganic nitrogen, labile organic carbon, and residual organic carbon contents as well as stable isotope ratios for carbon and nitrogen were determined by KOBr-KOH treatment. Ratios of organic carbon to organic nitrogen $(C_{org}/N_{org})$ (mean = 24) were much higher than ratios of organic carbon to total nitrogen $(C_{org}/N_{tot})$ (mean= 12), indicating the presence of significant amounts of inorganic nitrogen in the surface sediments of both lakes. Stable isotope ratios for organic nitrogen were, on average, $5.2\%_{\circ}$ heavier than ratios of inorganic nitrogen in Lake Shihwa, but those same ratios were comparable in Lake Hwaong. This might be due to differences in the origin or the degree of degradation of sedimentary organic matter between the two lakes. In addition, stable isotope ratios for labile organic carbon were, on average, $1.4\%_{\circ}$ heavier than those for residual organic carbon, reflecting the preferential oxidation of $^{13}C$-enriched organic matter. The present study demonstrates that KOBr-KOH treatment of sedimentary organic matter can provide valuable information for understanding the origin and degradation state of organic matter in marine and brackish sediments. This also suggests that the ratio of $(C_{org}/N_{org})$ and stable isotope ratios for organic nitrogen can be used as indexes of the degree of degradation of organic matter.

Simultaneous Determiniation of Ar/$N_2$Ratios in Groundwater (지하수에 용해된 질소, 아르곤 가스의 동시측정)

  • Kim, Euisik;Roy F. Spalding
    • Journal of the Korean Society of Groundwater Environment
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    • v.1 no.1
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    • pp.6-9
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    • 1994
  • Previously reported Ar/N$_2$ratios in groundwater have been measured by single ion monitoring (Barnes et al., 1975; Vogel et al., 1981; Mariotti et al., 1988). The detector geometry and flared flight tube in VG Optima isotopic ratio mass spectrometer appeared to be fortuitously aligned for the simultaneous measurement of Ar/N$_2$ratios. Method development included mechanical adjustments to optimize the mass spectrometer for Ar/N$_2$ratio measurements followed by development of a preparation system for the extraction of air-saturated water samples. Samples containing known Ar/N$_2$ratios were used to assess accuracy and precision, and to test the applicability of methods for measurements of aqueous Ar/N$_2$ratios. The results indicated that the prepared air-saturated water samples were almost identical to the predicted Ar/N$_2$ratios (p <0.001). Groundwater samples were collected from on-going research sites, Shelton and Grand Island, Nebraska. Samples from the Grand Island sludge injection site form a lower boundary for worldwide reported Ar/N$_2$ratios. These lower Ar/N$_2$ratios can be explained by the production of nitrogen gas from this site, where denitrification was reported previously.

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Cost Ratios for Cost and ROC Curves (비용곡선과 ROC곡선에서의 비용비율)

  • Hong, Chong-Sun;Yoo, Hyun-Sang
    • Communications for Statistical Applications and Methods
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    • v.17 no.6
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    • pp.755-765
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    • 2010
  • For classification problems on mixture distribution, a threshold based on cost functions is optimal from the viewpoint of a minimum expected cost. Assuming that there is no cost information, we propose cost ratios in the expected cost corresponding to thresholds where the total accuracy and the true rate are maximized to explain the relation of these cost ratios minimizing the expected cost. Other cost ratios are also proposed by comparing the normalized expected costs when classification accuracy is maximized. The values of these cost ratios are located between two cost ratios for the expected costs based on classification accuracies, and converge to that of the minimum expected cost. This work suggests two cost ratios: one is minimized by the expected cost and the normalized expected cost, and the other in the expected cost and the normalized expected cost functions that are maximized classification accuracies. We discuss their compatibility based on the relation of these cost ratios.