China's Listed Companies' Cash Flow Index System Analysis

The cash flow indicator promulgates the information is enterprise's cash current capacity, enterprise's cash current capacity is reflected the enterprise fluidity strongest content, may use in directly to analyze and the appraisal enterprise changes the present ability and pays off a debt the ability. Our country uses the cash flow indicator the time not to be long, but changes more and more along with the economical unceasing development cash current capacity in the reflection enterprise management condition process importantly. But occurs since long ago take the power and responsibility makes accountant as the foundation design existing financial analysis target system, mainly is take the profit as the guidance, emphatically analyzes the enterprise to make a profit the ability, but this kind of analysis system itself has the flaw, but analyzes an enterprise using cash current capacity some targets the operating condition to be allowed suitable to make up these flaws, is more advantageous to the operator and the investor and the creditor understands the enterprise real finance condition. For the reasonable establishment cash plan, the organization cash dispatcher, reasonably frugal uses the cash to create the condition ,also will be advantageous to the appraisal enterprise's future cash current capacity, will make the investment and the credit decision-making.This article obtained from the cash flow indicator basic concept, introduced the cash flow indicator composition content and thee establishments method. Then summarized concerned to the cash current capacity analysis target Chinese and foreign literature material, listed massively concerned to using the cash current capacity appraised the company value, future will carry on the forecast to the enterprise the existing quite commonly used analysis target. Compared these commonly used targets through the analysis, this article summarizes including management, investment, has financed an active cash current capacity analysis entire set of target. Receives, this article reorganized the Qingdao Haier company near for six year properties debt table, the profit table and the cash flow indicator data and carries on its use above target system the analysis, obtained the Haier company recent years profit ability, the cash sufficient ability, the cash has paid off a debt the ability, the income quality, the investment moves and finances active each analysis, and proposed some Haier company the item which should pay attention in the developing process, not only should pay attention to the profit the growth, the scale expansion, but also should pay attention to the cash current capacity, if the Haier company could not improve the company in recent years cash current capacity as soon as possible continuously for the negative value phenomenon, To company's development is disadvantageous.This article finally used the cash current capacity target system to carry on the analysis the conclusion with the conclusion which obtained using the traditional target system analysis to carry on the contrast. The discovery has some results is inconsistent, this explained original has the flaw take the profit as the central financial control target system. But may suitable make up these flaws to the cash current capacity analysis, therefore this article obtains the conclusion and there organization target system to analyzes without doubt goes on the market company's financial condition to have certain may be operational and the practical significance.