Research On The Financial Performance Evaluation Of The Apparel Industry Under The Asset-light Operation Model

China is the world's largest garment producer and consumer,and the garment industry has maintained a steady development trend.However,in recent years,with the increasing number of companies in the industry and the fierce competition within the industry,the labor costs and raw material prices of China's apparel industry have continued to rise,consumer needs are gradually upgrading,and the environment facing apparel companies is becoming more and more complex,Traditional business models are gradually unable to meet the sustainable development of enterprises.How to transform and develop and break the status quo has become the most difficult problem for apparel companies.With the emergence and development of the asset-light operating model,many companies have changed their destiny by achieving asset-light,and the asset-light operating model has received increasing attention and recognition.Against this background,Enterprise A decided to carry out transformation and upgrade,adopt an asset-light model operation,and in a steady and slow-moving reform,actively give new brand meaning,enter the new market with caution,and its financial situation has gradually improved.Therefore,the article quotes domestic and foreign scholars' research results on asset-light operating models and financial performance evaluation.Then define the related concepts and elaborate the relevant theoretical basis.In combination with the current background of China's apparel industry and the financial characteristics and operating characteristics of listed companies that adopt asset-light operation models in the industry,an established enterprise A in the industry is selected as the case object.By studying its important financial data from 2014 to 2018,and using financial ratio analysis to analyze from the four aspects of profitability,operating capacity,solvency and development capacity,the horizontal and vertical dimensions are compared to effectively evaluate Enterprise A's financial performance level under the asset-light operating model.And use the efficiency coefficient method to systematically evaluate the four aspects of the enterprise's ability and comprehensive ability level.Finally,according to the results of the evaluation of Enterprise A,specific suggestions are provided for the problems existing in the enterprise,and other similar companies are provided as a reference to give reasonable suggestions for the development of the industry.