Research On The Working Capital Management Performance Of Li Fan Co,Ltd

In recent years, Li Fan enters into a major transition, industry competition intensifies, company will face more stringent energy, environment and transport constraints, Li Fan company is committed to adjust the product structure, focus on the development of new energy vehicles, actively expand overseas market. If the working capital is insufficient, the cash cycle cannot be completed successfully, thus affecting the normal production and operation activities of the enterprise. How to mining capital potential, enhance the level of working capital management, to reduce the holding cost of working capital, the reasonable control of operational risk, create biggest enterprise benefits, ensure the Li Fan company's survival and development,the need to study new topic has been placed on our desk!Traditional working capital management performance research is still stay in currency capital, inventory control, accounts receivable, the key elements of the single stage, it is difficult to consider working capital from overall usage, and there is a contradiction between the elements. Based on the above situation, in order to further improve enterprise performance level of working capital management, this article will channel management theory combined with enterprise's actual operation, working capital management provide a more effective way.In this paper, we take Li Fan Company as research object, dissect the working capital management of Li Fan through the theory of channel management, channel conflict management theory and supply chain management theory accurately and scientifically. We find problems existing in the management of working capital performance, including: financial activities of financial management of working capital profit ability is not strong, short-term debt risk is high, etc. Then analyzes the causes of the problem: radical financing strategy, procurement channels of financial management of accounts payable management ability is not strong, etc. Then the paper put forward the optimization advice, combine with the supply chain we establish a new systematic scheme for the Li Fan, and provide referable idea and method for the domestic similar enterprises in working capital management.