운용리스와 금융리스 회계처리에 따른 유통물류기업 재무비율 변화에 관한 사례 연구

Purpose: The purpose of this study is to specifically analyze the impact of ac- counting for operating leases and finance leases on financial statements, es- pecially financial ratios, and to derive implications for corporate financial deci- sion-making and stakeholder judgment. Research design, data, and methodology: We aim to identify the specific im- pact on the financial statements of a company listed on the stock market when using a certain amount of tangible assets through an operating lease contract and when using them through a financial lease contract. In this study, among the listed transportation companies on the stock market, a company in the land transportation industry that generated both operating profit and net income during the analysis period (5 years) was selected. Results: The results of this study, which analyzed the ratios to understand the management performance and financial status of a company, do not show that operating leases are more advantageous than financial leases in all aspects. Although these results increased comparability, it is necessary to con- sider whether they have limited the decision-making related to the selection of accounting treatment methods for companies related to lease contracts. Implications: This study, in constructing a case, has a net loss before corpo- rate tax in 2022 because sales did not increase despite an increase in tangible assets. It may also be meaningful in showing another result, but there were limitations in the interpretation related to the profit growth rate. If various analyses were conducted by assuming various cases, more specific results could have been presented, but there are limitations due to time and cost constraints.