Based On The Accounts Receivable Turnover And Inventory Turnover Of Operating Funds Risk Management Research

Working capital management level not only affects the enterprise that can have plenty of money for daily production and operation activities, but also decides a enterprise that can survive development. Because of the2008financial crisis and domestic economic policy influence, many enterprises’ operating funds level are in very dangerous states. The strong liquidity assets which enterprise for daily production and business operation activities are few, some enterprises appear the capital chain break which is on the brink of bankruptcy. This is not just because the financial crisis that caused many adverse consequences, but also because many enterprises lack of risk prevention which are failing to do enough assets management work.Accounts receivable turnover and inventory turnover, as a measure of enterprise operation ability of the two indexes, play important role for evaluation of working capital management level. If the enterprise accounts receivable turnover and inventory turnover are higher, the accounts receivable and inventory taking fund is of the lower level and asset liquidity is stronger, the enterprise short-term debt paying ability becomes stronger, so working capital management quality is higher, correspondingly accounts receivable caused by default due to loss of bad and inventory backlog of unrealized loss caused is lower, and the risk is smaller.In this paper, we define the data that all biological medicine manufacturing listed companies from2007to2011the city of Shanghai and Shenzhen as the sample data. First we use their relevant indicators for descriptive statistics, and analysis the change trend of each indicator for working capital management influence. And then using multiple regression analysis method, in to the accounts receivable turnover and inventory turnover with working capital logic relation of the show is put forward, based on both the working capital management to the influence of two hypotheses, and the two hypotheses have the empirical model analysis and inspection, and draw a conclusion:Accounts receivable turnover and inventory turnover with operating funds are a positive correlation relationship, and a conclusion that, accounts receivable turnover and inventory turnover are higher, the enterprise of operating funds management effect is better, and the paper puts forward the study limitations and some effective measures that strengthen the management of operation funds.