Research On Risk And Control Measures Of Working Capital Of X Company

With the continuous development of economic globalization,the current competition is more and more intense.According to data released by the China Coal Association,the actual operating income of large coal enterprises in China in 2019 is far less than 40% of the actual revenue in 2018,and the loss scale of the industry as a whole has reached 80%,which greatly challenges the viability of coal enterprises.Many enterprises are short of funds,capital chain fracture and other problems.Enterprises want to long-term development,must be alert to the risk of working capital.Based on this,combined with the real situation of coal enterprises to carry out risk assessment work is very necessary.The overall grasp of the current risks faced by enterprises,combined with internal and external conditions to develop reasonable measures and practical implementation,so that China's coal enterprises can fundamentally strengthen their own viability,but also for China's economic construction work and deal with energy security issues to provide necessary empirical measures.Based on the above background,this paper takes X Company as the research object,and studies the working capital status of X Company,the current risks it faces,and the control measures it takes for the working capital risks.Through the investigation and internship in various departments of X Company,I got to know the operating status and working capital status of X Company.First of all,based on the research of relevant literature in this field at home and abroad,this paper describes the general situation and working capital status of X Company in detail.Secondly,according to the production and operation process of X Company,the risk identification of each risk point is carried out by using the flow chart method.Analytic Hierarchy Process(AHP)is used to score experts,and the index system is obtained.Then the fuzzy comprehensive evaluation score is used to get the working capital risk level of X Company.Analyze the reasons for the existing risks of X Company.Combined with the actual situation of X Company and the analysis of the risk problems,the paper finally puts forward the improvement measures to optimize the working capital risk of X Company.According to the whole paper,the following conclusions can be drawn:(1)X Company may have the following problems affecting working capital:inadequate utilization of supplier resources;The conclusion of the contract is not rigorous;The acceptance and payment methods are not standardized;The consciousness of safety production is weak;The inventory is not properly stored;Unreasonable production planning,receivables difficult to recover;Lack of customer credit evaluation;The bill management is not strict.(2)X Company can establish an appropriate contract management mechanism for the identified risk reasons;Standardize acceptance and payment process;Grasp the market demand,to demand production;Strengthen human resources management,implement safety production;Strengthen customer credit evaluation,improve the overall management of accounts receivable;Standardize the bill management system and other aspects of control.It is hoped that through this paper,the working capital level of X Company can be improved and the company can operate well.Also provides meager reference for other enterprises.