Evaluation Index System Construction of High-Quality Development of Chinese Real Enterprises Based on Factor Analysis and AHP

Table 1

The original high-quality development evaluation index system.

Primary indicators	Secondary indicators	Tertiary indicators	Formula
High-quality innovative development	Innovation input	The intensity of R&D investment Q1	R&D investment/Operating income
		R&D personnel ratio Q2	R&D staff/Total employees
		Capitalization rates Q3	Capitalized R&D investment/R&D investment
	Innovation output	Patent per capita Q4	Number of patents granted/Number of employees
		Patent authorization Q5	The logarithm of patents authorization
High-quality financial information	The rationalization of asset structure	Operating asset structure Q6	(Fixed assets + construction in progress)/total assets
		The proportion of financial assets Q7	Financial assets/total assets
		Intangible asset density Q8	Net intangible assets/net fixed assets
	Solvency	Current ratio Q9	Current assets/current liabilities
		Gearing ratio Q10	Total liabilities/total assets
	Operation capability	Total asset turnover ratio Q11	Operating income/average total assets
		Gross profit ratio Q12	(Operating income − operating costs)/operating income
	Profitability	ROA Q13	Net profit/average total assets
		ROE Q14	Net profit/average net assets
	Development capabilities	Revenue growth Q15	Δ operating income/operating income for the previous period
		Capital accumulation ratio Q16	Δ shareholder equity/shareholder equity at the beginning of the year
High-quality benefit creation	Products and services	ROS Q17	Net profit/operating income
	Open development	Overseas income growth ratio Q18	Overseas income/overseas income for the previous period
		Overseas income Q19	The logarithm of overseas income
		Foreign investment Q20	The logarithm of the net profit of overseas affiliates
High-quality green sharing	Green development	Environmental protection awareness Q21	Logarithm of the environmental protection investment
	Socially shared	Payroll payable Q22	Employee salaries payable/employee salaries payable for the previous year
		Social donations Q23	The logarithm of the total social donation