YT农产品物流中心项目经济性评价

发布时间：2018-05-14 03:20

本文选题：农产品 + 物流　；参考：《青岛大学》2017年硕士论文

【摘要】：论文以“YT农产品物流中心”这一商贸流通领域的基础设施建设项目为例,采用系统的经济效益分析与评价方法,对基础数据进行详细的测算和推算,编制投资估算表、总成本费用表、投资计划表、融资与还款计划表、营业收入表、利润表、项目投资现金流量表、财务计划现金流量表等报表,通过综合运用动态经济评价方法和静态经济评价方法两种方法,客观地评价了该项目的盈利能力、偿债能力、财务生存能力,并在此基础之上,对该项目进行了盈亏平衡分析、敏感性分析和风险分析评价,最终得到了具有较强决策参考价值和借鉴意义的研究结论,同时,对未来的研究方向和重点进行了展望。通过深入分析和研究,认为:YT农产品物流中心项目按设计方案完成后,财务内部收益率税后为24.63%,税前为29.21%,项目的财务净现值为84526万元,投资利润率为17.36%,资本金利润率为70.59%,项目的税前税后内部收益率均超过行业基准收益率(社会基准收益率为8%。同时,该项目静态投资回收期为税后5.07年(含建设期,下同),动态投资回收期税后为6.11年,投资回收期较短,项目在运营期每年的偿债备付系数都大于1,项目的偿债能力较强,项目的贷款偿还期为10年,远低于项目的运营期20年,项目具有较强的偿债能力。此外,本项目在运营期每年都可以产生可观的经营性现金流量,可以有效保障项目持续生存发展所需的现金流量充足。项目的盈亏平衡点为48.03%,项目实现盈利的门槛比较低。体现项目盈利能力的内部收益率、净现值和投资回收期对影响项目的因素不敏感,项目的盈利能力具有较强的稳定性和抗风险能力。因此,项目具有较强的经济可行性。
[Abstract]:Taking the "YT Agricultural products Logistics Center" as an example, the paper uses the systematic economic benefit analysis and evaluation method to calculate and calculate the basic data in detail and compile the investment estimation table. Total cost statement, investment plan statement, financing and repayment plan statement, operating income statement, profit statement, project investment cash flow statement, financial plan cash flow statement, etc. Through the comprehensive use of dynamic economic evaluation method and static economic evaluation method, this paper objectively evaluates the profitability, solvency and financial viability of the project. On the basis of this, the break-even analysis of the project is carried out. Sensitivity analysis and risk analysis and evaluation have finally obtained the research conclusions with strong reference value and significance of decision-making. At the same time, the future research direction and emphasis are prospected. Through in-depth analysis and research, it is concluded that after the project of the WYT Agricultural products Logistics Center is completed according to the design plan, the financial internal rate of return is 24.63 after tax, 29.21 before tax, and the net financial present value of the project is 845.26 million yuan. Investment margins were 17.36 and capital margins were 70.59.The internal rates of return before and after taxes on the project were higher than those on the industry benchmark (the social benchmark yield was 8 per cent). At the same time, the static investment payback period of the project is 5.07 years after tax (including the construction period, the same as the following period, the dynamic investment payback period is 6.11 years after tax), the investment payback period is shorter, the debt service reserve coefficient of the project in each year of operation period is more than 1, and the project's debt repayment ability is stronger. The loan repayment period of the project is 10 years, which is much lower than that of the project operation period of 20 years, and the project has strong solvency. In addition, the project can generate a considerable amount of operating cash flow every year during the operation period, which can effectively ensure the sufficient cash flow required for the sustainable development of the project. The break-even point of the project is 48.03, and the threshold for the project to achieve profit is relatively low. The internal rate of return, the net present value and the investment payback period of the project are not sensitive to the factors that affect the project, and the profitability of the project has strong stability and anti-risk ability. Therefore, the project has strong economic feasibility.
【学位授予单位】：青岛大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F326.6

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