Izinga langaphakathi lenzuzo (IRR): Incazelo kanye nesibonelo

I-Internal Rate of Return (IRR) iyithuluzi eliyisisekelo emhlabeni wezezimali, elisetshenziselwa ukuhlola ukusebenza kanye nenzuzo yamaphrojekthi okutshalwa kwezimali. Kuyimethrikhi ebalulekile kubatshalizimali, izinkampani kanye nochwepheshe bezezimali, njengoba inikeza umbono obalulekile wenzuzo yephrojekthi ngokuhamba kwesikhathi. Kulesi sihloko, sizohlola ngokuningiliziwe ukuthi iyini i-IRR, ukuthi iyini, ukuthi injani ifomula yayo yokubala nokuthi singayibala kanjani kalula sisebenzisa i-Microsoft Excel/Spreadsheets.

Lithini izinga langaphakathi lenzuzo (IRR)?

Izinga langaphakathi lenzuzo (IRR) liyimethrikhi esetshenziswa ekuhlaziyeni imali ukuze kulinganiswe inzuzo yokutshalwa kwezimali okungenzeka. I-IRR iyinani lesaphulelo elenza inani lamanje (i-NPV) lakho konke ukungena nokuphuma kwemali lilingane noziro ekuhlaziyweni kokugeleza kwemali okunesaphulelo. Izibalo ze-IRR zisekelwe kufomula efanayo ne-NPV. Kumele kuqashelwe ukuthi i-IRR ayilona inani langempela ledola lephrojekthi. Yinzuzo yonyaka eyenza i-NPV ilingane noziro. Ngokujwayelekile, uma izinga eliphezulu lembuyiselo liphezulu, kufiseleka kakhulu ukwenza ukutshalwa kwezimali. I-IRR ifana nokutshalwa kwezimali kwezinhlobo ezahlukene futhi, ngenxa yalokho, ingasetshenziswa ukuhlukanisa ukutshalwa kwezimali okungaba khona okuningi noma amaphrojekthi ngendlela efanayo. Ngokuvamile, uma uqhathanisa izinketho zokutshala izimali nezinye izici ezifanayo, ukutshalwa kwezimali okune-IRR ephakeme kakhulu kungase kubhekwe njengokuhamba phambili.

i-grafica de barras

Ukuthuthukiswa kwe-IRR yenkampani. Umthombo: I-Corporate Finance Institute.

Iyini i-IRR?

Umgomo omkhulu we-IRR ukuhlonza izinga lesaphulelo elenza inani lamanje lesamba semali engenayo yonyaka ejwayelekile lilingane nensalela yokuqala yokutshala imali. Izindlela ezehlukene zingasetshenziswa uma kufunwa ukuhlonza inzuzo elindelekile, kodwa i-IRR ivamise ukuba ilungele ukuhlaziya inzuzo engaba khona yephrojekthi entsha inkampani ecabanga ukuyenza. Kufanele kuqashelwe ukuthi i-IRR izinga lokukhula okulindeleke ukuthi i-investimenti ikhiqize njalo ngonyaka. Ngakho-ke, ingafana kakhulu nezinga lokukhula lonyaka elihlanganisiwe (CAGR). Eqinisweni, utshalomali aluvamisile ukuba nenani elifanayo lembuyiselo unyaka ngamunye. Ngokuvamile, isilinganiso sangempela sembuyiselo utshalomali olunikeziwe olugcina luyidalile luzohluka ku-IRR yalo elinganiselwe.

Ungabala kanjani i-IRR

Sinezindlela ezihlukene zokubala i-IRR, esukela ku:

  • Sisebenzisa ifomula, simisa i-NPV ukuthi ilingane noziro futhi izoxazululwa ngenani lesaphulelo, okuyi-IRR.
  • Ukutshalwa kwezimali kokuqala kuhlala kungalungile ngoba kumelela ukuphuma.
  • Ukugeleza kwemali ngakunye okulandelayo kungaba kuhle noma kube kubi, kuye ngezilinganiso zalokho iphrojekthi ezokunikeza noma okudingayo njengomjovo wemali esikhathini esizayo.
  • Ngenxa yemvelo yefomula, i-IRR ayikwazi ukubalwa kalula ngokuhlaziya futhi esikhundleni salokho kufanele ibalwe ngokuphindaphindiwe ngokuzama nangephutha noma kusetshenziswa isofthiwe ehlelelwe ukubala i-IRR (isibonelo, kusetshenziswa i-Excel).
ifomula

Ifomula yokubala ye-IRR. Umthombo: Sage.

Bala i-IRR ku-Excel

Okufanele ukwenze ukuhlanganisa ukuhamba kwemali, okuhlanganisa imali esetshenziswayo yokuqala kanye nokungenayo okulandelayo, nomsebenzi we-IRR. Umsebenzi we-IRR utholwa ngokuchofoza isithonjana esithi Faka Amafomula (fx). Ngezansi kunesibonelo esilula sokuhlaziywa kwe-IRR ngokugeleza kwemali okwaziwayo nangezikhathi ezithile minyaka yonke (ngonyaka owodwa ngokwehlukana). Ake sithi inkampani ihlola inzuzo yeProjekthi Kulokhu, i-IRR ingu-250.000%, ephakeme kakhulu.

ibhodi

Isibonelo sokubala i-IRR ye-investimenti.


Shiya umbono wakho

Ikheli lakho le ngeke ishicilelwe. Ezidingekayo ibhalwe nge *

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  1. Ubhekele imininingwane: Miguel Ángel Gatón
  2. Inhloso yedatha: Lawula Ugaxekile, ukuphathwa kwamazwana.
  3. Ukusemthethweni: Imvume yakho
  4. Ukuxhumana kwemininingwane: Imininingwane ngeke idluliselwe kubantu besithathu ngaphandle kwesibopho esisemthethweni.
  5. Isitoreji sedatha: Idatabase ebanjwe yi-Occentus Networks (EU)
  6. Amalungelo: Nganoma yisiphi isikhathi ungakhawulela, uthole futhi ususe imininingwane yakho.