Research On Financial Performance Evaluation Of TS Petroleum Based On Factor Analysis

The global public health crisis triggered by the COVID-19 outbreak has devastated the world economy.With the slowdown of global economic growth and the Chinese economy is generally stable,in addition to many complex contradictions and challenges,such as sharply falling oil prices,the rapid development of alternative new energy and restrictions on environmental protection policies,it is difficult to improve the excess supply of refined oil products.At present,oil prices are generally stable,but in some markets,consumers are more inclined to buy low-price products and enterprise stealth problems are still very serious;local refineries publicly sales business refund behavior,competitors ' strategies are flexible and frequent market phenomenon,customer maintenance is difficult,the refined oil market will continue the diversified market competition pattern.As the largest distributor of Tai ' an City automotive refined oil and natural gas in Shandong Province,TS Petroleum is deeply affected by various factors,and the enterprises are faced with problems such as reducing profits.Based on this,the paper introduced factor analysis to evaluate the financial performance level of TS Petroleum.The thesis first clarifies the related concepts of financial performance evaluation,lists the related theories that support financial performance evaluation,and introduces the advantages and models of factor analysis to explain the reasons for choosing factor analysis.Secondly,a brief introduction to TS oil companies,and an in-depth analysis of the financial status of TS oil companies from the four aspects of profitability,debt repayment,operation and development capabilities.Third,select the specific indicators of the four financial capabilities of oil companies,namely,profitability,operation,debt repayment and development capabilities,to establish an evaluation index system.Using SPSS software to analyze the financial performance of oil companies including TS Petroleum in 2020 using factor analysis,it is found that TS Petroleum's overall financial performance score is ranked second,mainly due to its operating capability,which ranks first in the petroleum industry.However,the development ability,profitability and solvency factor scores are relatively low,indicating that the company has a prominent problem of unbalanced development;a longitudinal comparative analysis of TS Petroleum's financial indicator system from 2001 to2020 reveals that TS Petroleum's 2001 The comprehensive financial performance score of2020 will fluctuate greatly and the performance will be unstable.Among them,2020 is at the lowest point in the past two decades,and reached the highest point in 2008.In the past ten years,2003 has the lowest score.In 2004,compared with 2003,there was a substantial increase.In the past ten years,the overall score of TS Petroleum showed a downward trend.Finally,according to the evaluation results and the actual situation of TS Petroleum,suggestions to improve the financial performance of TS Petroleum are put forward.