基于改进的沃尔评分法的三元股份财务绩效分析.docxVIP

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摘要

随着经济的发展，人们对身体健康的重视程度越来越高，对乳制品的需求量有所加大。近年来，国家相关部门制定和实施了利于乳制品行业发展的相关规定。乳制品企业迎来了发展黄金时期。但是乳制品行业仍然存在着一系列问题，比如食品安全问题和国外品牌竞争等。在机遇与挑战并存的条件下，对乳制品行业进行财务绩效分析更加有必要。沃尔评分法可以更好地评价企业在市场竞争中的地位，分析企业的综合财务状况。本文用改进的沃尔评分法计算乳制品行业上市公司的数据，并结合三元股份的五年历史财务状况，具体分析三元股份相比于行业和标杆企业存在的不足。通过数据分析，发现三元股份在营运能力、盈利能力、偿债能力和发展能力方面都存在一定的问题，资产周转速度较慢，部分较高的成本费用导致净利润不够高，资产流动性不足，发展能力有待提高。针对这些问题提出了加强存货和应收账款管理，建设冷链储存，调整资产结构，追求产品多元化等多项针对性建议。

关键字：沃尔评分法财务绩效乳制品行业

Abstract

Withthedevelopmentofeconomy,peoplepaymoreandmoreattentiontotheirhealth,andthedemandfordairyproductsincreases.Inrecentyears,therelevantstatedepartmentshaveformulatedandimplementedrelevantregulationsbeneficialtothedevelopmentofdairyindustry.Dairyenterprisesusheredinthegoldenperiodofdevelopment.Butthedairyindustrystillhasahostofproblems,suchasfoodsafetyandcompetitionfromforeignbrands.Undertheconditionofthecoexistenceofopportunitiesandchallenges,itisnecessarytoanalyzethefinancialperformanceofdairyindustry.Wallscoremethodcanbetterevaluatethestatusofenterprisesinthemarketcompetitionandanalyzetheoverallfinancialstatusofenterprises.ThispapercalculatesthedataoflistedcompaniesindairyindustrybyusingtheimprovedWallscoremethod,andanalyzestheshortcomingsofSanyuancomparedwiththeindustryandbenchmarkingenterprisesindetailbycombiningthefive-yearhistoryofSanyuan.Throughtheanalysisofdata,wefindthatSanyuanhavesomeproblemsinoperationability,profitability,debtrepaymentabilityanddevelopmentability.Theassetsturnoverspeedisslow,someofthehighercostsleadtothelownetprofit,theassetsliquidityisinsufficient,thedevelopmentabilityneedstobeimproved.Inviewoftheseproblems,theauthorputforwardsomesuggestionssuchasstrengtheningthemanagementofinventoryandaccountsreceivable,buildingcoldchainstorage,adjustingthestructureofassets,andpursuin