The Implement Risk Research Of Z Oilfield Financial Sharing

Since the second half of 2014,international oil prices fell to $48 / barrel from $110 /barrel,up to more than $56%,a major turning point,which means that the end of the period of high oil prices continued for 10 years.Oil prices fall has caused serious damage to oil companies operating performance.LS group is in the oil drilling industry group,petroleum drilling is a high input,high risk and low profit industry,drilling profit oil prices are closely related,The sharply oil price falls,the lower drilling service price is.The drilling construction enterprises,in oil prices fell cliff style of the environment,how to complete the contract drilling workload in owner given investment scope and implementation of the maximum net cash inflow,centralized fund management plays an important role.In the macro environment of oil price downturn,how to adopt a more reasonable method of centralized group funds management to reduce costs,improve efficiency in the use of funds,liquidity risk,and guarantee the sustainable and efficient operation of LS group is a very important topic for LS enterprise.At present,Few domestic and foreign research on the centralized management of funds based on the drilling industry has found,which needs to be further expanded and improved.This paper takes LS group as the research object,and analyzes the status of the group of funds management from many angles by using the annual financial data of 2013-2015 years,combining with related theories and financial indicators which states collection inventory.It has found many financial problems in the group,such as cash flow dimensions unreasonable,accounts receivable,inventory turnover rate related issues occupy high,low capital centralized management.Through in-depth analysis of the existing problems,the paper also gives the suggestion that the group should strengthen the management of accounts receivable,inventory liquidation,implement electronic acceptance and improve the financial planning and management etc,In order to improve the efficiency of capital use and risk prevention of LS enterprise group,it also hopes to provide useful reference for the centralized management of funds of other industry group enterprises.