An Empirical Analysis Of The Quality Of Account Receivable Of Chinese Listed Companies

In recent years, the increased accounts receivable of listed companies have made the normal production and management more difficult, which are detrimental to the normal flow of funds. The continuous increase in accounts receivable of listed companies accelerate the deterioration of the quality of assets, and have a serious impact on the company's production capacity. The quality of accounts receivable is one of the important factors that affect the enterprise's financial situation, it has a great impact on the production and operation of enterprises. Strengthening the management of accounts receivable is the protection of the normal production, operation of enterprises and reduction of financial risk. The favorable accounts receivable help enterprises manage the cash flow and improve utilization of funds, but also help to prevent operating risks, protect the interests of investors and promote the improvement of economic benefits. But in fact, our accounts receivable management is not ideal, there are many problems in accounts receivable, especial in listed companies.Therefore, this paper study the quality of accounts receivable, and determine the nature of quality of accounts receivable, and use a series financial index describing accounts receivable. Then use the index to study changing direction of listed companies in China. I found there are so much long year's accounts receivable in Chinese companies. But in recent years, it has some improvement, this show our companies have found the important of the quality of accounts receivable and enforce the power of accounts receivable managing. Because different industries have different managing model, the quality of accounts receivable is different, too. So this paper analysis accounts receivable differentia in different industries. This paper also do some demonstrated analysis to the factors of accounts receivable, at last get the conclusion that the quality of accounts receivable have strong relativities at the payoff quality of company's main business, company's profit, company's scale, the development capacity of company and the preparation of bad accounts. And according the demonstration results put forward some advice about improving the quality of accounts receivable. It has very important significance to identify existing problems in the quality of accounts receivable and what measures should be used more effectively to improve the performance and credit policy formulation of a company.