Financial Performance Evaluation Of Household Appliance Industry Based On Factor Analysis

How to conduct scientific,objective and comprehensive evaluation of the financial performance of enterprises has long been the focus of academic and business circles.In particular,the phenomenon of improving and improving the evaluation level by introducing statistical methods is more prominent.This paper takes ROBAM as the research object,and builds the financial performance evaluation index system of it,introduces the factor analysis method to score its financial performance,and finds the problems in the business process,and proposes specific improvement suggestions for the problem.The introduction part of this paper explains the research background and significance of the article.Then,for the following theoretical analysis and empirical research,the theories related to financial performance evaluation are introduced and the specific steps of the factor analysis method are explained in detail.At the same time,through reviewing relevant literatures,the authors focus on the various scholars' use of various financial performance evaluation directions.The results,especially the domestic and foreign scholars use factor analysis method to analyze the financial performance.Then,using the descriptive comparative analysis of the main financial indicators data of ROBAM in 2017 and 2018 and the industry average level,it initially found the surface problems in the ROBAM.After that,it is the most important part of this paper.Based on the basic principles of selecting financial indicators,national policy documents,and drawing on the experience of predecessors,combined with the industry characteristics of the target company,the financial performance evaluation index system of the ROBAM is constructed,and the factor analysis method is used.The horizontal and vertical aspects of the ROBAM performance are scored and scored,and the comprehensive evaluation results are obtained.Finally,according to the evaluation results,the financial problems of the case enterprises are analyzed and the reasons are analyzed in depth,and corresponding improvement suggestions are proposed for the problems.Through the combination of theory and empirical research,it is found that the financial status of the ROBAM cannot be further improved.It is affected by the low ranking of the operating capacity factor.Through the deep analysis of the operational capability factor,it is found that the source is the lack of inventory supervision,and there is inventory backlog purchase.Excessive problems,inventory liquidity needs to be further strengthened,market share has decreased,product updates are slow,product sales are blocked,and the utilization rate of various assets needs to be improved.In response to this series of problems,this paper proposes targeted recommendations for ROBAM from three aspects: improving inventory turnover rate,strengthening account receivable turnover rate,and optimizing total asset turnover rate,and proposing for the future development of home appliance industry.The following four suggestions: adhere to technological innovation,increase research and development efforts;strengthen corporate brand building;strengthen after-sales service management;strengthen links with real estate developers.The research results of this paper have certain theoretical and practical significance for the management of Boss Electric Appliances,and also provide reference for the financial performance evaluation of other enterprises in the industry.