Research On The Financial Performance Evaluation Of J Petroleum Machinery Company

Under the influence of the international environment,the price of crude oil fluctuates uncertainly.Domestic oil companies choose to buy instead of extract oil when oil price is low,so as to reduce oil drilling production.Under the background of uncertain development of upstream oil drilling and production industry,how should the petroleum machinery equipment manufacturing company get rid of the present predicament and seek new development power?On the basis of J petroleum machinery company overall financial situation,choose the method of factor analysis evaluation of financial performance,through the analysis on the financial performance of decomposition,make a proper evaluation of the J company's financial performance level,accurately find out the key point hindering the development of J company,the J company can efficient development.This paper first introduces the background and significance of the study,followed by the definition of the relevant concepts and literature review,and put forward the content and methods of the study.Secondly,this paper gives a brief introduction of J Company and makes a brief analysis of J Company's operating status through financial data to understand the current status of J Company's existing financial performance evaluation and draws the conclusion that J Company's financial performance evaluation needs improvement.Then,the concrete procedure of financial performance evaluation through factor analysis is conceived,and the financial data of 23 listed companies belonging to the same industry with J company are selected as the comparison sample,and the financial performance of J company is judged from Then it compares the financial performance of J company itself for nearly five years and judges the weak point and trend of J company's financial performance from the vertical direction.Finally,according to the results of horizontal and vertical comparison,find out the problems that affect J company's financial performance,analyze the reason of J company's poor financial performance,and then put forward the corresponding reasonable suggestions for improvement.The results of this paper show that J's financial performance is relative to the other 23 listed companies in the industry.Its overall score is ranked behind,and its five years'financial performance analysis also shows that the overall performance is getting worse.Based on this analysis,through the deep analysis of the specific financial data of Company J,we can find out the reasons and the main influencing factors of the formation of this result.Finally,from the rational planning of business structure,strengthening cost management and strengthening the management of accounts receivable,Improve the level of technology research and development and other aspects of the J company to improve the financial performance of the specific recommendations.The research results of this paper have certain theoretical and practical significance to the management of Company J,and also provide reference for other companies to evaluate and analyze the financial performance.