Analysis Of Enterprise'S Capital Operation Risk

The main problems in the operation and management of enterprises are:

　　 1. Money fund Management risk

Monetary Fund is an essential resource for the survival and development of enterprises. It is also the basic premise for the production and operation activities of enterprises, and the resource most prone to problems. For group companies, the risk management of monetary fund is not only reflected in how to eliminate the loss, shortage, theft and appropriation of resources, but also how to optimize the allocation and give full play to the advantages of resources. If the fund management system is decentralized and the monitoring is unbalanced, the parent company will not be able to control the financial status of the subsidiary companies and control the operation of the subordinate members' funds, so they can not support the distribution of funds to the group's most contributed business activities at the group level, resulting in improper investment, financing out of control, and internal financing misalignment. debt And guarantee disputes.

From the experience of large and large group companies at home and abroad, their capital management is generally highly centralized. Through the centralized management of funds, an internal capital market can be formed within the group. Through the operation of the "internal capital market", management can get clearer data to identify those business activities that contribute most to the group, and arrange the investment order according to the superiority of the project, so as to guide the group's capital allocation, solve the dispersion of funds and low efficiency, and give full play to the advantages of the group's resource allocation.

　　 2. Accounts receivable Bad debt risk

The risk of bad debts of accounts receivable mainly refers to the risk that enterprises will not be able to return all kinds of creditor's rights at maturity. If the settlement management of enterprises is lagging behind, all kinds of receivables are not recovered in time, which will easily lead to bad debts and thus cause losses to enterprises.

In the management of accounts receivable, many enterprises only focus on sales performance and ignore accounts receivable. Control status of funds. In order to increase sales and expand market share, some enterprises sell products in a large amount of credit sales, resulting in a large increase in accounts receivable. We do not know enough about the credit level of customers, blind credit sale, resulting in the accounts receivable out of control, a considerable proportion of accounts receivable can not be recovered for a long time until they become bad debts. Assets have long been occupied by debtors without compensation, which seriously affects the liquidity and security of enterprise assets.

　　 3. Inventory backlog risk

The backlog of inventory means that there is potential loss in stock, such as price reduction. Because many stocks have the expiration date of warranty period, even if there is no such provision, they will suffer losses due to changes in technology and market supply and demand. Inventory backlog not only reflects the marketing capability of enterprises, but also reflects the low coordination and management ability of enterprises.

At present, the proportion of our enterprises' current assets is relatively large, and many of them are overstock and backlog. Poor inventory liquidity, on the one hand, occupies a large amount of capital in enterprises. On the other hand, enterprises must pay a lot of storage costs for keeping these inventories, resulting in an increase in corporate expenses and a decline in profits. In the long term inventory, enterprises also have to bear the losses caused by the fall in stock prices and the losses caused by improper storage, resulting in financial risks.