新赛股份公司营运资金管理分析与评价

发布时间：2018-12-13 08:15

【摘要】：营运资金管理是企业财务管理中非常重要的部分，对于企业的风险、价值以及盈利能力都有大的影响。使得营运资金管理如此重要的原因有很多。对于一个典型的制造型企业来说，总资产中超过一半的部分都是流动资产。而对于一个商业企业来说，流动资产所占的比例更大。大量的流动资产会对公司的盈利能力造成负面影响，而低水平的流动资产会降低公司的流动性和造成存货短缺，最后使得公司无法平稳运营。营运资金管理的目的就在于达到流动性和盈利性之间的平衡。营运资金作为企业资金中最具活力的要素，是企业日常流动性最大、变化最快和周转性最强的资金，其管理的好坏将会直接影响着企业的生存和发展。不当的营运资金管理制度和方法很有可能会造成经营失败，而有效的营运资金管理制度和方法能够促使企业可持续发展。营运资金管理的重要性不言而喻。农业是国民经济和生态文明的基础，对于我国也有着重要的特殊性。农业产业化是现代农业的发展方向，农业产业的龙头企业是推进农业产业化的关键，而涉农上市公司则是这些龙头企业中的“龙头”。这些涉农上市公司连接着农产品的生产和供给，为农业生产提供大量的运转资金，扶持和帮助农户进行必要的农业生产性投资，并带动农业实现科技化。因此，做大做强涉农上市公司，不论是对于推进农业产业化更好更快的发展、促进现代农业建设，还是对于带动农民就业增收都具有十分重要的意义。因此本文选择了农业上市公司——新疆赛里木现代农业股份有限公司（以下简称新赛股份公司）进行研究，从传统的基于要素和基于渠道管理两方面对其营运资金管理进行评价，并探讨和分析营运资金管理中存在的问题以及问题产生的根源，以期为新赛股份公司构建基于渠道管理的营运资金管理体系提出一些建议。本文借鉴基于渠道管理理论的营运资金管理方法和基于要素的营运资金管理方法，运用文献分析法、个案研究法、对比分析和结构分析等方法分析了新赛股份公司的营运资金配置情况和营运资金来源情况，从要素和渠道两方面新赛股份公司的营运资金管理绩效进行了分析，将渠道管理的理念融合到企业营运资金管理中去，并且结合公司所处的农、林、牧、渔业的行业特点，对新赛股份的营运资金管理进行了分析与评价，，同时与同行业的上市公司进行了对比研究。最后基于分析和评价结果对加强新赛股份公司的营运资金管理提出了一些对策和建议。
[Abstract]:Working capital management is a very important part of enterprise financial management, which has a great impact on the risk, value and profitability of an enterprise. There are many reasons why working capital management is so important. For a typical manufacturing company, more than half of total assets are current assets. For a commercial enterprise, the proportion of current assets is even larger. A large amount of liquid assets will have a negative impact on the profitability of the company, while a low level of liquid assets will reduce the company's liquidity and lead to a shortage of inventory, which will eventually make the company unable to operate smoothly. The purpose of working capital management is to achieve a balance between liquidity and profitability. Working capital, as the most dynamic element in the enterprise capital, is the capital with the largest daily liquidity, the fastest change and the strongest turnover. The quality of its management will directly affect the survival and development of the enterprise. Improper working capital management system and method may lead to business failure, and effective working capital management system and method can promote the sustainable development of enterprises. The importance of working capital management is self-evident. Agriculture is the foundation of national economy and ecological civilization, and also has important particularity for our country. Agricultural industrialization is the development direction of modern agriculture, leading enterprises of agricultural industry are the key to promote agricultural industrialization, and listed companies concerned with agriculture are the "leaders" among these leading enterprises. These agriculture-related listed companies connect the production and supply of agricultural products, provide a large number of operating funds for agricultural production, support and help farmers to carry out the necessary agricultural productive investment, and promote the realization of agricultural science and technology. Therefore, it is of great significance not only to promote the better and faster development of agricultural industrialization, to promote the construction of modern agriculture, but also to increase the employment and income of farmers. Therefore, this paper chooses Xinjiang Selimu Modern Agriculture Co., Ltd., a listed agricultural company, to carry out a study. This paper evaluates the working capital management from the two aspects of traditional factor-based and channel-based management, and discusses and analyzes the problems existing in the working capital management and the root causes of the problems. In order to set up a channel-based working capital management system for Xinsai stock company to put forward some suggestions. This paper draws lessons from the working capital management method based on the channel management theory and the working capital management method based on the elements, uses the literature analysis method, the case study method, Through comparative analysis and structural analysis, this paper analyzes the working capital allocation and working capital source of Xinsai Stock Company, and analyzes the operating capital management performance of Xinsai Stock Company from the aspects of factors and channels. This paper integrates the idea of channel management into the management of working capital of enterprises, and analyzes and evaluates the management of working capital of Xinxi shares in the light of the characteristics of the agriculture, forestry, animal husbandry and fishery industries in which the company is located. At the same time, it makes a comparative study with the listed companies in the same industry. Finally, based on the analysis and evaluation results, some countermeasures and suggestions are put forward to strengthen the working capital management of Xinsai Stock Company.
【学位授予单位】：石河子大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275

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