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