Research On L Hotel's Working Capital Management Issues

The purpose of the establishment of enterprises is to make profits and create value,so it must carry out business activities,all business activities are inseparable from the support of capital,all economic activities of enterprises and working capital management is closely related.Operation,investment,financing,is the economic activity of the three vehicles,but also the enterprise working capital management content.The efficiency of working capital management determines whether an enterprise can continue to operate,that is,whether its fund raising and resource input can be sustained through operating activities.The influencing factors include environmental factors and internal management factors.The external environment is uncontrollable,and the enterprise is in a passive position to accept and adapt.It should always pay attention to the unpredictable and controlled factors such as macro policy environment,upstream supplier dynamics,and downstream customer preferences,and timely adjust the direction of working capital investment to avoid risks.The internal management factor is the enterprise can control and change independently.The structure composition of working capital,corporate governance structure,capital management system,business model and information level will all have an impact on the use efficiency of working capital and the avoidance of financial risks..L hotel mainly focuses on the hotel service industry.How to maximize the value of the hotel,and avoid the risks brought by internal and external environmental factors are the contents that hotel managers should pay close attention to at all times.This paper firstly combed the domestic and foreign research achievements of working capital,introduces the relevant theories of working capital,secondly through literature analysis and interviews survey to know the basic situation of L hotel,and the present situation of the management of working capital,elements of its current assets and current liabilities detailing,analyzes the problems existing in the management of working capital again,from the angles such as financial management and corporate governance to explore the reasons,and put forward improvement measures,targeted to provide advice,to provide reference for L hotel management and development in the future,and to explore the same type of state-owned small and medium-sized hotel common problems of enterprise management,to provide reference.