this is for my blog. http://c0taro-mylife.blogspot.com/2011/05/maeps.html

1. http://about.me/c0taRo

2. EPS
P/L
Case1 Case2 Case3 Case4
EQV’=600 EQV’=1,200 EQV’=1,000 EQV’=1,500
P/L P/L PER 20 PER 40 PER 33.3 PER 50
A 100 50 160 =110+50 160 160 160
60 =10+1,000×0.05 85 =10+1,500×0.05
B 10 0 10 10
C=A-B 100 50 150 =160-10 150 100 =160-60 75
D=0.4×C 40 20 60 60 40 30
E=C-D 60 30 90 90 60 45
150 =100+600÷12 200 =100+1,200÷12 100 100
F 100
PER H 20 20 20 20 20
1,200
G=E×H 1,800 =90×20 1,800 1,200 =60×20 900 =45×20
=EQV
0.6
1 I=E/F 0.6 =90÷150 0.45 =90÷200 0.6 =60÷100 0.45 =45÷100
=EPS =EPS’
J=I×H 12 12 9 12 9
1 0% -25% 0% -25%
ΔEPS={EPS-EPS’}/EPS
Break Even 50 25
0 =B.E. 0 =B.E.
= 0.6-0.45 ×200÷0.6 = 0.6-0.45 ×100÷0.6
PER 40% 5%

3. Break Even MA
2NOP QROP
!"#$% !". !". !". 78,89: !". !". !". 78,89:
!"#$ ,+456 ,+456
&'()*+,- !*/01 !*23 !*,+4 ;<=> !*/01 !*23 !*,+4 ;<=>
?@@ A@8@ B@ ACD8@ @8EC C@8@F G8H8 IA A@@ @8IA ?D8@F G8H8
Case1 J@@ A?8? B@ A??8? @8KI AC8DF G8H8 EI A@@ @8EI ?@8@F G8H8
D@@ AK8E B@ AJA8E @8KJ D8BF G8H8 ED A@@ @8ED CD8@F G8H8
B.E.
K@@ C@8@ B@ AD@8@ @8K@ @8@F @8@ EC A@@ @8EC C@8@F G8H8
Case2 E@@ C?8? B@ ADI8? @8DE LD8?F I8? KB A@@ @8KB AD8@F G8H8
I@@ CK8E B@ AKK8E @8DJ LA@8@F AK8E KK A@@ @8KK A@8@F G8H8
B.E. B@@ ?@8@ B@ AED8@ @8DA LAJ8?F CD8@ K? A@@ @8K? D8@F G8H8
AM@@@ ??8? B@ AI?8? @8JB LAI8CF ??8? K@ A@@ @8K@ @8@F @8@
AMA@@ ?K8E B@ ABA8E @8JE LCA8EF JA8E DE A@@ @8DE LD8@F D8@
Case3 AMC@@ J@8@ B@ C@@8@ @8JD LCD8@F D@8@ DJ A@@ @8DJ LA@8@F A@8@
AM?@@ J?8? B@ C@I8? @8J? LCI8@F DI8? DA A@@ @8DA LAD8@F AD8@
AMJ@@ JK8E B@ CAK8E @8JC L?@8IF KK8E JI A@@ @8JI LC@8@F C@8@
Case4 AMD@@ D@8@ B@ CCD8@ @8J@ L??8?F ED8@ JD A@@ @8JD LCD8@F CD8@
AMK@@ D?8? B@ C??8? @8?B L?D8EF I?8? JC A@@ @8JC L?@8@F ?@8@
AME@@ DK8E B@ CJA8E @8?E L?E8BF BA8E ?B A@@ @8?B L?D8@F ?D8@
AMI@@ K@8@ B@ CD@8@ @8?K LJ@8@F A@@8@ ?K A@@ @8?K LJ@8@F J@8@
AMB@@ K?8? B@ CDI8? @8?D LJA8BF A@I8? ?? A@@ @8?? LJD8@F JD8@
CM@@@ KK8E B@ CKK8E @8?J LJ?8IF AAK8E ?@ A@@ @8?@ LD@8@F D@8@
EPS
600
1,000
MA EPS
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