Research On The Risk Prevention Of Operating Capital Of Guoji Motor Vehicle Company

The company’s financial risk has attracted much attention,but as a part of financial risk,the risk of working capital has not received enough attention.Especially in recent years,due to the impact of the global economic downturn,many companies have problems such as shortage of funds and breakup of capital chain.Therefore,managers find the root of problems in sales and internal control,but do not pay attention to the risk of working capital.If the company wants to develop steadily for a long time,it must be vigilant to guard against the risk of working capital and build an effective monitoring system of working capital risk so as to carry out risk management more effectively.Automobile manufacturing enterprises have a long industrial chain and belong to strong cyclical industry.They have higher demand for capital investment and return.How to ensure the safety of working capital and how to choose the appropriate risk management strategy has become a challenge facing the automobile manufacturing industry.This paper takes GuoJi Motor Company as the research object,and investigates and measures its working capital and risk in many ways.First of all,this paper grasps the macro environment of the automobile industry through PEST analysis,and analyzes the advantages and disadvantages and opportunities and challenges of the National Motor Company by SWOT analysis.Secondly,based on the theoretical analysis of factor and channel framework,the current situation of operating capital management of the company is investigated,and the problems of poor financial awareness and unsound management of funds channel are found.Thirdly,the parts of the working capital,such as accounts receivable,inventory,cash,etc.,are identified by item by item,and the main operating capital risks are identified as cash risk and debt risk.Then,we use funds gap and financial leverage to analyze the effects and consequences of these two risks.At the same time,the reasons for the risk are analyzed,such as imperfect cash management system and blind financing cost reduction.Finally,combined with the causes of the risk,this paper puts forward some effective countermeasures,such as using the long-term leverage principle and improving the sales credit mode,and hopes to control the operating capital risk and improve the efficiency of the enterprise.