Research On Financial Performance Evaluation Of Kailinxi Swimsuit Factory

In recent years,with the continuous improvement of China’s overall economic level,the consumption ability of domestic consumers and their awareness of sports and leisure have been continuously enhanced,the demand for swimsuit products has been increasing,the output and sales of domestic swimsuit products have also ushered in explosive growth,the production scale of swimsuit enterprises has been expanding,the production technology and product quality have also been continuously improved,and the development prospect of the swimsuit industry has gradually begun to receive widespread attention.However,due to the relatively short rise time of China’s swimsuit industry,the financial performance of China’s swimsuit enterprises has not been widely studied by academia.How can we start from profitability,operating capacity Solvency and development ability to accurately reflect the operating results of a swimsuit enterprise in a certain accounting period and objectively evaluate the financial performance of a swimsuit enterprise has gradually become a hot topic of domestic academic research.Aiming at the problem of financial performance,taking kailinxi swimsuit factory as the research object,entropy method and efficiency coefficient method as the financial performance evaluation methods,combined with the financial data from 2016 to 2020,this paper evaluates the financial performance of kailinxi swimsuit factory.The research of this paper:(1)introduces the basic situation of kailinxi swimsuit factory,analyzes the financial situation of kailinxi swimsuit factory,and finds that the business situation of the enterprise has deteriorated obviously.It is necessary to evaluate the financial performance of kailinxi swimsuit factory from the four aspects of profitability,operation ability,solvency and development ability;(2)The financial performance evaluation system of kailinxi swimsuit factory is established.The financial performance evaluation indicators are preliminarily selected based on the principles of accuracy,comprehensiveness,objectivity,relevance and predictability.The financial performance evaluation indicators are screened and weighted based on the weight coefficient under the entropy method.The financial performance evaluation standards are set based on the enterprise performance evaluation standard value,The evaluation grade of financial performance is divided based on the implementation rules of enterprise comprehensive performance evaluation;(3)This paper evaluates the financial performance of kailinxi swimsuit factory,calculates the comprehensive financial performance score of kailinxi swimsuit factory from 2016 to 2020 by using entropy method and efficiency coefficient method,and finds that the financial performance of the enterprise is not optimistic.The enterprise has the problems of weak asset profitability,slow inventory turnover,insufficient short-term solvency and lack of capital accumulation,which are caused by the small profit space of the enterprise,serious overstock of raw materials Unreasonable debt structure and imperfect capital accumulation system;(4)It puts forward suggestions to improve the financial performance of kailinxi swimsuit factory.The enterprise can expand the profit space by increasing sales investment,improving the quality of employees and strictly controlling management expenses.The raw material procurement management system can be improved by establishing supplier selection and evaluation system,establishing supplier management inventory system and setting up safety inventory of raw materials,Adjust the debt structure by reasonably matching the term structure of debt financing and reasonably controlling the source structure of debt financing,improve the capital accumulation system by strictly managing retained earnings and establishing an appropriate profit distribution system,and hope to help kailinxi swimsuit factory improve its operation and achieve healthy development by evaluating its financial performance.This paper has 2 figures,38 tables and 50 references.