Research On Financial Crisis Of X Company Based On Logistic Model

With the increasingly fierce competition in the market,the external environment the company is facing has caused changes in the company's experience and financial risks.In the current market environment,companies are faced with financial crisis,and even examples of bankruptcy are common occurrences.In particular,in the wind power industry,after the rapid expansion of the past five years,with the adjustment of the industrial structure,the overcapacity problem of industry agglomeration erupted and the wind power industry entered a cyclical downturn.The wind power manufacturer represented by company X is in a financial dilemma.Therefore,research on it,understanding the causes of its dilemma,resolving its difficulties and timely preventing it become key points in the study.X Company is a professional high-tech enterprise that develops,designs,manufactures,and sells large-scale land wind turbines that adapt to different wind resources and environmental conditions in the world.It is a leading company in China's wind power equipment manufacturing industry.This article selects X company as the research object,under the support of relevant theories,firstly through X company's financial statement data to descriptive analysis of the financial status,found that X company's net profit is lower than the industry average,even negative in 2016,the main The growth of the business of the camp is negative,and the turnover of accounts receivable and inventory is poor.It is speculated that the company may be in financial crisis.Based on the advanced nature of the Logistic model,model analysis was introduced,model coefficients were empirically derived,and then X company financial indicators were brought into the model.The results of the model calculations showed that the company X had a high probability of financial crisis.Therefore,it was determined that the company was likely to fall into financial crisis.crisis.Then,a deeper analysis of the changes in the external environment and industrial structure of the external wind power industry,poor internal management,and lack of core capabilities have led to the targeted response to industrial policies and macro-environment to improve working capital management and improve the overall budget.Wait for practical advice.Finally,it is concluded that the financial crisis involves many aspects of the company's production and operation.Once an abnormal phenomenon occurs in the enterprise,the conclusion of early warning and measures should be made in a timely manner.The research of this paper is intended to provide reference for wind power manufacturing companies to control and respond to financial crisis,provide important reference for investors to understand the business situation and future development prospects,and provide creditors with an accurate assessment of the company's future solvency and reduce the occurrence of bad debts.Risks provide a reasonable basis to enable regulators to better perform their functions,regulate market order,and safeguard the legitimate interests of all relevant parties.