Research On Value Evaluation And Promotion Strategy Of Zhong Zai Resources And Environment Co.Ltd Based On EVA

In this era of rapid development,more and more people and enterprises have become active participants in the market.Moreover,with the development of science and technology,people's living standard has been improved day by day,and the relationship between common articles in daily life and technology is also getting closer and closer.Electrical appliances and electronic products have become essential items in people's life.Therefore,a large number of waste electrical and electronic products generated in people's life creates a need for disposal.Waste utilization enterprises have also emerged due to the realistic demand.Because the waste utilization industry is an emerging industry,and its valuation is also closely related to a series of reforms carried out in China,it has received a certain amount of attention.Therefore,this article selects the Zhong Zai Resources and Environment Co.Ltd.,in the waste utilization industry and introduces EVA as an evaluation method to study the economic value added(EVA)of the Zhong Zai Resources and Environment Co.Ltd.The purpose of this study is to further learn more about the characteristics and applicability of EVA evaluation methods,and put forward some targeted improvement measures for the company based on the evaluation results.Firstly,this article combed related literature,introduce the related concepts and theoretical basis,and comparatively analyzes the applicability of traditional valuation methods and EVA valuation methods.Compared with various traditional valuation methods,the EVA valuation method takes into account the concept of capital cost,and makes appropriate adjustments to some accounting subjects,making the calculation more accurate and true.Secondly,this article introduces the applicability of the EVA value assessment method in this industry,briefly introduces the general situation of Zhong Zai Resources and Environment Co.Ltd.,analyzes the operation of Zhong Zai Resources and Environment Co.Ltd.,and compares it with the operation of the waste utilization industry analysis.The items in the balance sheet and income statement such as interest after tax,various impairment provisions,and research and development expense were adjusted again to calculate the historical EVA value of Zhong Zai Resources and Environment Co.Ltd.This paper predict the future operating conditions,calculate the future EVA value of Zhong Zai Resources and Environment Co.Ltd.,Forecast the income statement and balance sheet for 2020-2024,and comprehensive calculations show that the enterprise value at the end of 2019 is 10552550.25 million yuan,Compared with the enterprise value announced by the company in 2019,it is 15.28% higher,which shows that there is an underestimation of the enterprise value,which has greater investment value and room for improvement.Finally,based on the results of the enterprise value assessment,this paper put forward some targeted suggestions for the improvement of the value of the enterprise,including improving the enterprise's operating income,improving the cost management level of the enterprise,improving the ability to maintain and increase the value of assets,improve the receivables recovery rate,optimize internal capital structure,actively expanding the industry market,and improving the enterprise's management concept.