The Study on Credit Risk Warning of Regional Listed Companies in China Based on Logistic Model

Table 1

Index and definitions.

Index type		Index name	Definition
Profitability	X1	Return on net assets	Net profit/net assets
	X2	Return on total assets	EBIT/total assets
	X3	Operating profit margin	Operating profit/total business income
	X4	Cost profit margin	Operating profit/total cost
	X5	Turnover rate of total assets	Operating income/average total assets
Operating capacity	X6	Turnover rate of accounts receivable	Operating income/average accounts receivable
	X7	Inventory turnover ratio	Operating cost/average inventory
	X8	Turnover rate of circulating assets	Operating income/average circulating assets
Solvency	X9	Asset liability ratio	Total liabilities/total assets
	X10	Earned interest multiple	Earning before interest and tax/interest expense
	X11	Quick ratio	Quick assets/current liabilities
	X12	Cash flow liability ratio	Net cash flow/current liabilities
Growth ability	X13	Growth rate of operating revenue	Growth of operating revenue in that year/operating income of last year
	X14	Operating profit growth rate	Increase in operating profit of that year/operating profit of last year
	X15	Growth rate of total assets	Growth of total assets in that year/total assets at the beginning of the period