A Research On Working Capital Management Of H Company Based On Stakeholders

H Communication Technology Co.,Ltd.is an enterprise specializing in providing ODM services for mobile communication terminal providers.Its customers are mainly overseas communication brand and operators.In recent years,due to the complex and fierce competition environment in the industry,a large number of mobile phone brands have gone bankrupt due to the rupture of capital chain.As a result,the market has become increasingly crowded with first-line brands,resulting in the situation of oligopoly.Profit determines the development of enterprises,and cash flow determines the survival of enterprises.From the perspective of enterprise financial management,this paper takes the working capital management of H company as the research object.Based on the perspective of stakeholders,this paper manages the cooperative relationship between H company's stakeholders to improve the management efficiency of working capital and reduce the financial risk of H company.At the same time,give consideration to the interests of stakeholders,maintain the coordination and balance between H company and all stakeholders,and achieve a win-win situation for all parties,which is in line with the development requirements of modern companies.After elaborating the background,significance,ideas and contents,this paper firstly sorts out the concepts and theories of working capital management and stakeholders,studies the ways of stakeholders' effect on working capital,and constructs its performance evaluation indexes.Then it briefly introduces the basic situation of H company and the current situation of working capital management,and evaluates its management performance from three aspects of working capital stock distribution,liquidity and profitability.Then,from the perspective of stakeholders,it analyzes the working capital management of H company,and proposes specific countermeasures to specific problems.Finally,based on the perspective of stakeholders,working capital beneficial to multi-party collaborative management of working capital,reduce transaction costs caused by information asymmetry,enable stakeholders to maintain a stable cooperative relationship with enterprises,and improve the efficiency of working capital and the ability of enterprises to resist risks.The analysis of H company's working capital management also hopes to provide reference for other small and medium-sizedenterprises in the electronics manufacturing industry.