Research On Financial Performance Evaluation Of Company S Based On Asset-light Operation

Traditional home appliance retail enterprises have experienced decades of gold development,and strong cash flow has always been an important basis for retailers to obtain high-quality material resources and ensure store development and construction.In recent years,the development of home appliance retail enterprises has faced many unstable factors,and the overall industry environment has become increasingly severe.With the extensive development of store chain operations,which is inconsistent with the current state of social development,there is no guarantee that companies can have stable cash flows.At the same time,the rapid development of online retail platforms under the development of the Internet has brought about an important impact on the traditional offline retail market.The introduction of an asset-light operation model to reconstruct the business model of traditional home appliances will help home appliance retail companies to resolve working capital risks from their root causes,and promote corporate financial stability and liquidity.The change in operating mode has a certain impact on the profit,debt repayment and business growth of home appliance retail companies.The evaluation of the financial performance of the company can reflect the actual operating level of the company over the past period,and on the other hand It can test the effect of the company’s current operation and future development prospects,and the financial performance can be reflected in the value of the company.Through this,you can also understand the degree to which the company’s business goals are achieved.Therefore,it is very important to study the financial performance of home appliance retail companies.Realistic significance.Based on the above background,this article conducts research and exploration based on the asset-heavy operation model abandoned by home appliance retail enterprises and the light-asset operation model implemented by the financial performance evaluation.Based on the full study of relevant academic literature and summary of theoretical knowledge,this paper conducts research on S company as a case,starting from the current status of the company’s current light asset strategic transformation and development,using financial data and non-financial data to implement the strategy and Analyze the effects obtained and point out the shortcomings.First,the company’s transformation from an asset-heavy operating model to an asset-light operating model in 2013 is explained,the main reasons for the company’s implementation of the asset-light operating strategy are analyzed,and its strategy during the implementation of the transformation is analyzed.The financial characteristics presented by the company provide a reference standard for subsequent financial data analysis.Subsequently,the establishment of the financial performance evaluation index system under the company’s asset-light operation model was completed from five different levels: profitability,debt risk,asset quality,operating growth,and capital composition.The AHP-fuzzy evaluation method was used to apply the above evaluation The model comprehensively evaluates the financial performance of S company in 2019.To sum up,this article analyzes the measures of S company’s asset-light transformation and development,and points out its shortcomings.Based on this,it provides some reference for home appliance retail enterprises that are implementing or plan to implement asset-light transformation..Finally,the research results and limitations of the paper are summarized.