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Phân tích hiệu quả sử dụng vốn kinh doanh tại Công ty TNHH thương mại và phát triển công nghệ Khai Quốc

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!
2. 
%&)<&$A)=>="I$$%'$-","03:';
$%'
PJ!)4" +G6).=-$($;(JK
L*$!(JK","03:';$%'=-G$)89(0

^<("W+"6$I';"((&((JK(
(&(33&6 3"ATP)D,"$(JK","03:';$%
'G R)U.^3")<"/$-C"+&$A)$
G&(JK,")D--% D="I5!

2
SVTH: Lê Thanh Nhn K45D1

2
2

PV3%="X,"0(JK","03:';$%DC=-V
B/$-3*)&=U)$-.&)%5G ," )
$3:';$%'&!(
N"(JK","03:';$%'6A )<G 3:';
","0 G","0"E$%'$-X)DDC)&&
)<A=<G&,"0=>)4'5G 60B
&&"E$%3_D$-0B3:';&"E=1" )4
)<X.+-$ 6<T
X)DG .)<"6<)C)C(&" !.(&(
J","03:';$%6;C=-!&3:';$-"
,"0&"E=1)C))<,"0AT
3.  !
- %<+/"`JK",53:';$%'OG
P$-(&CGQN"%
- G-)<03&6+/"G P$-
(&CGQN"%
- P+/"&'V="VB#)J XL&&-K$-
&3%="D=+,"6).=-Babcc$-abca
%="C)-=-')$"A($-)D=-"E3%="1

$!!)4'5G &B,"
4. "#$%&
- `(&("I(3%="
• "I('V="3A(G,"(")"'2'J"97
O"d.Z"(")"E43%J"9)"$-(&=-cb("
.=U)G Y&*$-&J$+&&
O&J"9Z"(")"=-VJ"9D=+,")G
&3:';$%$-V)<F85D
O&/-e(.=U)Y&J$+&
G 6(&(")"$-e- "I(=

3
SVTH: Lê Thanh Nhn K45D1

3
3

f")C5((&(gA )<43%=<G&=2X
")%<&"6G%(K6D=+>&J5X)%
<
P<)ChA=+=$2X)%<6>DC
>&J5)%<-GKK@&=7
• "I('V="/A("I(&'V="3_DXLOOBabcc$-abca
5G 6&G+iR.3RK/5G T
- `(&((JK'V="
• `(&(33&3&=-((&(+/")CI/&31
$I6<G,",")%"jV31$I<
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%"631&"V&31$I<6A )</.)4
F@".)45&W+"

(JK","03:';$%'G P
$-(&CGQN"G!((&(33&=-((&(
)<3:';5 ")<CG,"$33&V'"6=<
"I$2"E$%)CDC@&))<","03:';$%G
+&","03:';$%%)6","03:';=")4T
• `(&(k3"A63%3:';(JK$%'D"6
-83:';(JK","03:';$%=")46$%%
)T
• `(&(=I(.C"3:';A0&4'"(JK","03:
';$%'OG P$-(&CGQ
N"%
5. '()*+
P-(#*)#"6';$76-="0$-&(;=;64
'"5 D="IDl
,"# ,#/0*1*+!!2(34!5&67/8
3!2(34

4
SVTH: Lê Thanh Nhn K45D1

4
4

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?2
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/83!2(34<="# !$:><
&'?2
,CDE ,DFGHGIJKJL'MNOPJQRS,MT

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34
1.1.1.  !"3
1.1.1.1. Q&
6)C-&)4'6.A!
'(-F#(0D)<& "%#:-6$B
(86-@*6& D.6(6$I6-&Th"%D
)<&-30- 6&'(#(0D4=<$%A))C
)#"6"376"+2T$I )430@"A'5&
'(131D","0!)")#"+-&'(,"
J$-m)=-=-3)CD)5$%$-(03:';D-)C)R=
","0AI $%'=-!n
- R,")C5ho!'2&)45& "%30@"A!\%
K=-.06=-&)R=&'6=-4)#"$-5,"&!
30@"A]" +h,"WD"$130@"A$IA2
&'J =-4,")C5h
O&C"- (Y<($23o)2@"A
$-(&C
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)<3:';(;$-,"&!30@"A'(ROD
=$%=-$%$I$-$%-K%$I=-'1V&=-&

5
SVTH: Lê Thanh Nhn K45D1

5
5

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@" +$I)4$-" C&!&.C"X3&-30&
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)K3=
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- P<(00
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6
SVTH: Lê Thanh Nhn K45D1

6
6
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'
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/=)U.=)4(K)<&&
2530(d68&" ++$I=")<" C-.4$-30

(d"M30@"A')D%=")4/$2&'
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7
SVTH: Lê Thanh Nhn K45D1

7
7
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"=$%- 6$%%)D))C"" CI$%
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A )<k6A"X=$%X)D'(!4
A"$%(Y<(
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- P"E$%'(g-"E$%DC" )4)<X)4
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- P"E$%-'(g-"E$%-'(DC" )4
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 J-6$ 5&^/&6$ 5&J$+
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uv6wxTG,"$"t&"E$%- 6&'(DC
B$%)&(/"#"$$%)4'5'(
 !#4!8",
- %@" +

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)4%C"@" +#)4'(P"E$%-
.E$%53*V"$-$%$ 5'(
- %
%=-"E$%DKA7r'24Bs-'
3%DC3:';)C)&(/"#"DKA6.A(&3
)430@"A'5'(P"E$%- .E
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 !#4!6.903
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8
SVTH: Lê Thanh Nhn K45D1

8
8
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-:).&T
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P$I 6(J=$%3qt(-,"0=>'(=I(
-K6!-+V'1)$^/"E$%=
+3*@&)," G$3%$%#6=1K<(X
)430@"A')C)","03:';$%A
1.1.1.3. 85$%
- (&(=>
%)D$83/,"j'(PD=-3*6=-

)4'(.7)#"*31)4'h"%)B
>'6R," )5-26.A/'(-F(0
D)53%$%(&()RX-'5!
<(,"&!)430@"A'6$%'
(G))<)"-="I(&(," )!)4
')D3q.A'/(&303&I('(P$I D
C@R$%=-4V3*,")C)0.031E&
(&(J54'(2(&(="I
- 
C-30@"A'6'((0"+-@*6"
& D.6G6" +$I="6"+=)4TA0V)"
#D)C4'(DC-$-'" !V)45
!?);+")U)PV=!'(&"#
,"5$%FC&"
P-6,"&!)4'5'(6$%=-
)")C'(*430@"A0$"4$-"3J"6)^

9
SVTH: Lê Thanh Nhn K45D1

9
9

2& D.6/';-1"2$-30@"A'6
JA=<30(d6B"I(=)4TX)DJ
","030@"A'6B0B5'
(+T
1.1.2. ( !"3
1.1.2.1. Q&
","03:';$%=-4(Y(0&!)4&

3:';$%5'($-)430@"A'?;
)K3=%)$2(KA(A
","03:';$%=-4$A)(/(D=+,"2A0& "
%5,"&!30@"A'+'(WDCJ
","0+3*3:';& "%.05,"&!'D"
,"0C))<","0,"&!'!'((0
0," )<&$A))0.06" )4+)C*4
)430@"A'5!$-'((0))<&;
+"),"&!3:';$%5!
1.1.2.2. `(&(@&)","03:';$%'
","03:';$%''()<C
G,"$)&&V+"/;C3"
- h4=-","03:';$%'=- "%,"5)4
'6","03:';$%'(0)0.0$t)d
,"&!.&6B%)4="" C6B'".&-$!'"
.&-=-4W+"^<(,")&&,"0
'5'(M
- =-","03:';$%'(0D((#$-$1%W
+"=<"I'$!=<"I'=-W+"
)&&,"0-K))<X&)4'C))<
;+"=<"I6)89'((060(K'
)DD(K$%'
- ","03:';$%')<@&).?G/

10
SVTH: Lê Thanh Nhn K45D1

10
10


• R""I
• R"
1.1.2.3. O&W+"(0&","03:';$%'
 '+:7-.(21;963
- 3%'"+Q.!,"J
3%'"+$%')<@&)'1+G/
VKD
M
H
y
VKD
M
)D
VKD
M
H
g-3%'"+$%'
hg-^'"M
VKD
%'.!,"J

2
CKĐK
VKDVKD
VKD
+
=
OW+"3%'"+$%'=-W+")#"+)<,"
J.*,")DD&!^,"&$$%'5'(OW
+"- (0&/4)E$%'.!,"J3:';M

'!'(3q"$.+")E'"OW+"- -
B=+-%
- 3%=<"I+Q
C)&&","03:';$%''(
3:';W+"/'=<$%'OW+"- (0&
%,"V/=<"I'())<M$2$%
'M5'+(
OW+"3%=<"I+$%')<@&)RG/3"
VKD
P
P
VKD
=

11
SVTH: Lê Thanh Nhn K45D1

11
11

)D
VKD
P
3%=<"I+$%'
`g<"I'

CKĐK
VKD
,
%')#"M6"%M

OW+"3%=<"I+$%(0&3/3=<54)E
$%O/4)E$%')<3:';M3q='
(.+")E=<"I3%- -B=+!-%
+)J =-43%W+")&&","03:';$%'5
'(D"C)&&K@&","03:';$%
')3J"$-)&&","03:';5X"E$%
 '+:7-.)3
- 3%'"+$%=")4
OW+"3%'"+$%=")4)2@&)RG/3"
VLĐ
M
H
VLĐ
=
)D
VLĐ
H
3%'"+$%=")4

VLĐ
%=")4.!,"J

CKĐK
VLĐ
,
%=")4)#"M6"%M

2
CKĐK
VLĐVLĐ

VLĐ
+
=
OW+"- ./4)E$%=")4$-,"&!30
@"A'M3q='(.+")E'
"OW+"- -=2!","03:';$%=")4-$-<
=" +'"WK^,"&+$D9
U$@R@H,"0X)4')DW+"3%'
"+$%=")4)&&","03:';$%=")4-(0
@R@H+43%&W+"&V
- 3%=<"I+$%=")4
3%=<"I+$%=")4)<@&)RG/

12
SVTH: Lê Thanh Nhn K45D1

12
12

VLĐ
P
P
VLĐ
=
)D
VLĐ
P
3%=<"I+$%=")4
`g<"I'
OW+"- (0&A=<3:';$%=")4M5'

(R,"0=<"I$-=-W+"(0&","0"%Y
4M'3%=<"I+$%'./j
)E$%=")4.!,"J.9M!'(3q$.
+")E=<"I
- %)4"" C5$%=")4
,"&'5'(6$%=")4GX
$I)4'2"!/&"%)4"" C$%=")4=-
4W+"A=<^<((0&!)4^/,"0=>$%
'5'(%)4"" C$%=")4)<C,"
W+"%$8"" C$%=")4$-3%- "" C$%=")4
%$8"" C$%=")4.4"M'
.!!$%=")43q," )<.+"$8%$8"" C
$%=")4)<@&)RG/
   P"'(B$8," $%=")463%$8," -
"!$%=")4-3:';D","06t('(0)<
=<$%=")4#'60.2=<$%)$ 
%- "" C$%=")4g-W+"(0&)4'-4$8,"
$%=")4OW+"- )<@&).?G/3"
%- "" C$%=")4A (0A.+"- $%
=")45'(2--4$8"" C%=")4
5'(="J" C-63%- ="J" C54$8
"" C-7
 '+:7-.<
- 3%'"+$%%)
3%'"+$%%))<@&)'1+G/

13
SVTH: Lê Thanh Nhn K45D1

13

13

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
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%%).!,"J

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%%))#"M6"%M
X$(JKW+"3%'"+$%%)t.
)</4)E$%%).!,"J.9M!'("$
.+")E'"
- 3%=<"I+$%%)
OW+"- )<@&)'1+G/

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OW+"- )&&0B3=5$%%)O/4)E$%%
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.+")E=<"IOW+"- -B=+!/9'
(-3:';D","0"E$%%)$-<=
1.2. X35;;!&67/83!2334
1.2.1. 66,*= !"3
1.2.1.1. `JK!!$-A"^$%
- h;)K(JK`JKA"$%'?;)K)&&
)<31.)4B06" +JB05A"$%
'6)EK&k5&0;$%%)6$%=")4
+^$%',")DA )<A"$%')U)<(J
.^<(=> G$-0*5A"$%))430@"A
'5'(

14
SVTH: Lê Thanh Nhn K45D1

14
14

- P"E-="(JK&W+"-3076-30'-6^-

306%53*V"6P<(00+L0J)%&
- `(&((JK3:';((&(33&<($2=I(.C"z4
V3%B2$23%B )CA )<!!B06" +
JB0
1.2.1.2. `JK!!$-A"$%=")4
- h;)K(JK`JKA"$%=")4A )<!!(J
.^$%=")4$-kj0$%&)="J
" C)CX)D@&))C,"0=>$%=")4)E!.
(&(J","03:';$%X)";C
- P"E-="(JK&W+"$-&0)6#"
-K76O&0(0"76-E6-307
&+L0J)%&
- `(&((JK3:';((&(33&<($2=I(.C"z4
V3%B2$23%B )CA )<!!B06" +
JB0
1.2.1.3. `JK!!$-A"$%%)
- h;)K(JK(JKA"$%%)?)&&)<!!
(J.^$%%)$-k5&0$%^$%%),")D
A A"$%%))U<(=> 60*5A"$%%
))^"E$%'$-!!'5'(
- P"E-="(JK&W+"-30%)6LA)430)#"6O&
0)#"-K'-6-30'-&+L0J)%&
- `(&((JK3:';((&(33&6k=6<($2=I(
.C"z4V3%B2$23%B )CA )<!!B06
" +JB0
1.2.2.  !"3
1.2.2.1. `JK^<(","03:';$%'
- h;)K(JKP?I/6)&&4&)t)76-'
","03:';W+"$%'X)D(JK)&&)<V
" +J0*B0$-)@"AV0(&(?J

","03:';$%'

15
SVTH: Lê Thanh Nhn K45D1

15
15

- P"E-="(JK&W+"^"E$%6"6g<"I6T
+L0J)%&$-L&&,"0'
- `(&((JK<1+3*3:';((&(
33&6k=6=I(.033&V3%"%M3$23%)#"B5'"6
=<"I))<M$2$%'.!,"J)CA )<!
!B0$-" +JB05$%'C-
(JK","03:';$%'G #!11R
&.23")J 
• {&)&W+"#(JK
• {&)((&((JK3(Y<($2'(
• "I($-@:=>3%="
• K&&W+"(JKB/$-4'"$- +"#")U)
• gI(.C"(JK)C)&3%="$-'8$-4LC"(JK
+)# )5)CDC'Y)&&633&$-!)<" +J
1.2.2.2. `JK","03:';$%=")4
&'("E$%=")4k
)%=26')D%W+")&&","03:';$%="
)4'(=-A,"
- h;)K(JK`JK!!,"0=>63:';$%=")4-
J=-(JK&.&&-K$-&W+")'1+V
" +7-K'(?(JK)&&1$-C
$=$$%=")45'(6W|K1

+"1,"&!,"0=>3:';$%=")46@R@H" +J-
=-0*)CX)DDV.(&(J","0,"0=>3:';
$%=")4
- P"E-="(JK&W+"-307+L0J)%&6
"6g<"I+.&&,"0'5'(
- `(&((JK<1+3*3:';((&(3
3&6k=6=I(.033&V3%"%M3$23%)#"B5'"6=<
"I))<M$2$%=")4.!,"J)CA )<!!B
0$-" +JB05$%=")4C-(JK"
,"03:';$%=")4G #!11R&.23")J 

16
SVTH: Lê Thanh Nhn K45D1

16
16

• {&)&W+"#(JK
• {&)((&((JK3(Y<($2'(
• "I($-@:=>3%="
• K&&W+"(JKB/$-4'"$- +"#")U)
• gI(.C"(JK)C)&3%="$-'8$-4LC"(JK+)# )5
)CDC'Y)&&633&$-!)<" +J
1.2.2.3. `JK","03:';$%%)
%%)'(D"$-'(D
+(0&K3&)#"$%V)"3*$IAp
"I$-G)C1&)430@"A'60
)"=-$=)46D((#J30@"A=)4
$-","0'P"E$%- G1(1($-
'"E$%=")4&'($%%

)kG=23$)&&","03:';$%%)
FGH(#,"$%=")4
- h;)K(JK&&4&"16&,"6-'"
,"03:';$%%)X)D!&" +J0*B0$-
)@"A&(&?J","03:';$%%)
- P"E-="(JK&W+"-30'-+.0J)%&6
"6g<"IT+L&&,"0'
- `(&((JK<1+3*3:';((&(3
3&6k=6=I(.033&V3%"%M3$23%)#"B5'"6=<
"I))<M$2$%%).!,"J)CA )<!!B
0$-" +JB05$%%)C-(JK","0
3:';$%%)G #1!1R&.23")J 
• {&)&W+"#(JK
• {&)((&((JK3(Y<($2'(
• "I($-@:=>3%="
• K&&W+"(JKB/$-4'"$- +"#")U)
• gI(.C"(JK)C)&3%="$-'8$-4LC"(JK
+)# )5)CDC'Y)&&633&$-!)<" +J

17
SVTH: Lê Thanh Nhn K45D1

17
17

,CDE9.RS,Z,[\E]]JQMT?UFVNWE
JL'MNOP\M,^E_CDE\MJQ`[Ma
,^EET'PM?L,
2.1. b6;;!7"0$52 <:"cd&
67/83!2(34<="# !$:>

<&'?2
2.1.1. &>"%&'(()*+#,-./0%1"
23
2.1.1.1. N"&!!-$-(&C
- +G OG P$-(&CGQN"%
- P- -=I(Babbb
- ^3%$%c}bbbbbbbbbP
- g!'(OG &V"
- W%a6=GcaL6)"86Qh"~+6"86O#"A 6
-P4
- rz•€•sl•ll‚‚ab
- u@rz•€•sll•l‚‚ac
- N"&!!-$-(&C
PBabbb6OG P$-(&CGQN"%
)$2$8=--I(d"$-(J(%" +(&'830(d
  =m  $1  G    !  "  $-  K  <(    %  2  (
J\22"43%)])<L&)%) X
)$-)46QN"%)U'#$<,")<VDB$-- -
*-)=+OtG"A()+"'YPV
30(dG+5&I()--)#"+2
h3".3[=R63"6"'(="36x(RTY&'$;-0$2
(KA
2V!)U))<)caB,"6DCƒ
)?QN"%)U!)<4=%))t22+"K="G)
VJ'6L=U)6&.4GJ$+$-&)=>

18
SVTH: Lê Thanh Nhn K45D1

18

18

(J(%)U6)$-3q," J@J '1QN"%*-4!
0+".C"-'30(dGP
2.1.1.2. O/B6$;$-))C)4'
- O/B6$;5G 
• OG =-)$30@"A'&)4=I(6D'A"+$-
)<*-0'J-
• OA(-+W&56K3&506(&(="I5-
2P-"31,"0=>-K6T5„LP&A(
);3*OG 
• Q'R)t-)U)B>6)t;)K-=I(5G
 O"A(&-V30(d$-'$;%A6D
A$-KA
• =I(4G=-$=","0A?(&" 4
&-'-B5X&.4GJ$+
• R==<"I<(=>G 6--m$;4(")# )5R
," )5(&(="I
• 1V," )5P-2$.0$," =<=)46
+"'"6$3-=)46.0$G6)0.0(&C
.$V61)t&+""dp"I$-&," )D=+,"2
)45G 
- P-'5 "5OG OG " +(J(%$-
'&-5 "3"
• %!"6C!0-!H(K2=26-!
gO6-!g[6& ")B6R$ICT

19
SVTH: Lê Thanh Nhn K45D1


19
19

• %J640646(8V6(+'E

• %=+=4.4rvRs6"G:D!r'R'(Rs6
%"G.& &rP"3R==s
• %C3&6&3&OO6xR33=T
• L4=")6.$B(8
- )C)4'5 OG P$-(&C
GQN"%
• OG =-)$30@"A'&)4=I(6D'A"+$-
)<*-0'J-
• " )4')U)B>DA"30(d&=m$1
G!"$-K<(%6-'5 "
5G =-& "6G =-)=>(J(%)4," '8& "
5I()-h3".3[=
• OG I-X-"/G,"&<()E@"A€I(d")U
>
• P-)4.&=…G 8"A(.&6O
)ƒ6'1&=2G,"<()E)U)<^&)%>
2.1.1.3. )C^/,"0=>$-&
 e> 567*14X(34
- &>.+P1()"-$-,"0=>G$5G 6"
-.4&2&-$+G $4'"=-$;
)45G 
- >.+,1(,"0=>-K5G 
- ?.+ !"1()"-(8`J(%$-(8Q
'€hR5G 


20
SVTH: Lê Thanh Nhn K45D1

20
20

- 2)D=-&(8.6j(8.)0I4/B;C
3"
• @(,A`;&&$A)$J316^/6$--
K^<(6,"0=>6)-6.E'†&.4J$+61&
)4K3&)%$2&.46J$+G )C(Y<($2 +"#"
'5G 
• @&,A !.`;&-.4&$A)D=+,")G
&-K$-&5G &3&!!-K6=I(&.&&6
$&o-K5G 
• @1BCA9!,&.(&(=7()(8"6(;
&.0-30(d
• $.  @   -D@  1!"A  E"/ 4D &/  + 
!"9< (;&+";&30(d-G 
'r%!"6%J6%=+=4.46Ts
F#fbYX $=67*1
F#f9 F#fbYX $=67*1,<="# !
$:><&'?2

21
SVTH: Lê Thanh Nhn K45D1

gEEM`L,
hgEEM`
L,iQM,Sj

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kE
R
LM
kEQM
,Sl'm
O`
kEQ
,SlR
FZ
kE'n
IloUO
Q
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Mmop
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P['qME
21
21
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bYX $=(4$
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$&XJ""I6@:=>6="J" C/X63^&6=I(
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K&6=I(.&&)C"A(4&K@&($!!-
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F#f99.F#fbYX $=(4$<=
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• 1!. !R'|-E6!!I(6@"A6E5)$
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2
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(0+"-&F," &""%B

22
SVTH: Lê Thanh Nhn K45D1

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22
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• &HBOD$;,"0=>G 61&($;$
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R," )
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23
SVTH: Lê Thanh Nhn K45D1

23
23
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2.1.2. I)FH"+%/)8J 
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 $.K+%H"',)J3
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,"0K1QP)UD'A""*37W3%&+"'Y
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24
SVTH: Lê Thanh Nhn K45D1

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3:';$%D","0)C0k0$%)$ 
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)D6!!'5OG =3/DB6
)#"."e(6-EB6","03:';$%5OG *
/AA(
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SVTH: Lê Thanh Nhn K45D1

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