Financial Risk Assessment Of Western Animal Husbandry Company

In recent years,with the development of the economy,the improvement of the living standard of the residents,the demand for meat,eggs and milk is further enhanced,which promotes the good development of animal husbandry in China.China's animal husbandry and dairy industry is developing rapidly,and the output of milk and dairy products is increasing.However,in 2018,due to the impact of multiple factors such as the national macroeconomic environment,the total output value of China's animal husbandry continued to decline,and the benefits of Chinese animal husbandry enterprises continued to decline.Many enterprises faced financial difficulties and the overall industry was severely tested.Therefore,under the current situation,how to quickly find the factors restricting the development of their own enterprises,for animal husbandry is crucial.This paper aims to find the financial factors that restrict the development of animal husbandry enterprises,analyze and predict the financial risks of animal husbandry enterprises and give reasonable Suggestions to help the enterprises overcome the financial risks.This article choose to research and analyze the western animal husbandry as the research object,using the method of the report,this paper from the balance sheet,income statement,the cash flow statement analysis of animal husbandry in western financial conditions,financial risks have been found,at the same time considering the statement analysis method and the single analysis method may lead to the result of inaccuracies,sufficiency,at the same time use the Z-Score model and F Score model comprehensive analysis of the western animal husbandry financial conditions,calculated the existence of financial risk,and according to the Z value and F value judgement of interval to determine the degree of financial risk is more serious,the possibility of bankruptcy.After this conclusion,it further analyzes the specific indicators x1-x5 that constitute the z-score model and the f-score model for the z-value and f-value,explores the main factors affecting its financial risk,and proposes corresponding countermeasures to control the risk.According to the analysis,the main reasons for its financial risk are as follows: the sales strategy of western animal husbandry is inflexible and outdated,and its profitability is poor;The debt scale is large,the financing way is relatively single,the financial structure is not reasonable;The fact that the feasibility analysis of the project investment is not enough and the fact that the investment with large scale and long history but poor returns for many years aggravates the insufficient accumulation of profits;A large amount of capital is invested in non-current assets,which leads to the limitation of the enterprise's asset recovery process.In other words,the enterprise's investment in assets cannot match the income generated,resulting in the low utilization rate of assets.According to the assessment results of financial risks of western animal husbandry,specific countermeasures are proposed from five aspects,namely,expanding sales capacity and enhancing profitability.Using supply chain financing to increase equity financing;Manage the whole process of investment and make reasonable investment planning;Adopt precise production to realize "zero inventory";Suggestions of strengthening accounts receivable management and improving capital turnover efficiency are expected to provide references for the management,creditors and shareholders of western animal husbandry to make decisions,so as to enable the healthy development of western animal husbandry.Meanwhile,it is also expected to provide certain reference experience for other domestic animal husbandry companies.