SF Express Heavy Assets Under The Strategy Of Working Capital Management

Along with the development of the economy,the advantage of light assets in the enterprise financial management,especially the advantages of working capital management is gradually obvious,many enterprise of assets and gradually transforming to light assets,but SF Express is a different approach,still insist on heavy assets mode,you can see SF Express focus on long-term development,from the beginning to sacrifice immediate profits,focus on "fast" and quality,in strict accordance with the service standards to complete each order,such practices,give SF Express has brought the good brand effect and the industry recognition,It also enables SF Express to gradually enter the low-end market while occupying the high-end market.For enterprises with a high level of working capital management,a proper proportion of working capital can not only ensure the smooth operation of all links of production and operation,but also measure the short-term solvency and operation ability of enterprises.In recent years,with the promotion and popularization of e-commerce platform,online shopping has been fully integrated into people's lives,express logistics industry has also been developing rapidly,and also introduced a number of policy support,express logistics,SF Express as the industry leading enterprises,has been sticking to the heavy asset strategy and be able to succeed,it is necessary to the study of its working capital management.This article mainly from the SF Express take heavy assets strategic point of view,using the case method,literature research,comparative analysis and other methods,on the life cycle theory and the theory of value maximization theory,channel management,with STO Express and join the YTO Express these using the model analysis of Courier company,from the channel management,analyze the elements of working capital and working capital structure,found SF Express heavy assets is worth using for reference of working capital management under the strategic advantages and possible risks,the risk prevent measures are put forward.Finally,the development of SF Express is prospected,Through the study of this paper,it is hoped that it can enlighten the counterparts in the express logistics industry and lead the express industry to further development.