Risk Measurement Research Of The Auto Parts Enterprise Accounts Receivable

With the rapid economic development of China’s30years, credit has become acommon means of payment in business transactions. However, due to the economicdownturn at home and abroad in recent years, many companies there are a lot ofdifficult recovery of receivables. Among which many debtors eventually become baddebts, bad debts, and ultimately sustained a serious impact on business operations. Alarge number of domestic and international examples prove that the consequences ofhigh-risk enterprise accounts receivable caused incalculable: ranging from increasedbusiness operating costs, while in facing liquidity problems and even bankruptcy.But for larger cars such commodity costs, auto parts enterprises have1-2years ofaccounts receivable is widespread, and some companies even exist three years ormore receivables, such as Valeo, Shanghai TRW. In fact, corporate financial officersare very seriously receivables of this work, but for many businesses, how to managethe enterprise’s accounts receivable is still a very difficult problem. Of course, it ismoving two or three debtors were delinquent auto parts enterprises embodiedparticularly evident. Excluding the macroeconomic environment, the social creditstatus of some objective factors, some auto parts enterprises to the risk of accountsreceivable held by itself must make an accurate and timely control. However, due tothe lack of scientific rigor of quantitative analysis, so the actual operation more of areference to the common industry practice or learn from past experience, and becauseof these different businesses and different practitioners, the results obtained andsolutions but also very different, even very different, opposite. Therefore, in thisbackground, the quantitative analysis of accounts receivable risk can effectivelyassess the risk of trade receivables of enterprises, so as to formulate appropriatecountermeasures based on the assessment results, the effective management ofaccounts receivable.In this paper, the reason for the start of accounts receivable arising on financialindicators and non-financial indicators in the auto parts business credit companies a comprehensive analysis and analyzed by the past history of recovery of defaultedamount and status of accounts receivable, should be constructed accounts receivablerisk measurement analysis model-using AHP (Analytic Hierarchy Process, referredAHP) to establish judgment matrix to calculate the corresponding weight of eachindicator and scoring mechanism through the establishment of certain quantitativeanalysis and regression equations, thus comprehensive calculated risk on tradereceivables. The use of the accounts receivable risk measurement models, auto partsenterprises can carry out their regular accounts receivable risk measurement, andbased on the measured results to develop a reasonable policy of accounts receivable,accounts receivable from the band the financial risk to a reasonable control.