Financial Analysis And Comprehensive Evaluation Of Wuhan's Listed Companies In Retail

Financial analysis carry on the financial date though the financial statements and the other relevant data, to understand the operating results and financial condition of company. Managers, creditors and other information needs of persons can understand past operating results and financial condition of company and forecast the future development and competition of company though the financial analysis. Most of person has recognized the financial analysis. Methods of traditional financial analysis use ratio analysis to understand the financial condition of company, including profitability, operating capacity, solvency and development capacity. The method has been developed for many years and many companies have practiced it, so it is feasible. But it needs been made certain improvements according to the characteristics of the object. With the development of financial analysis theory and financial analysis practice, there are some new financial evaluations, including economic value added (EVA) method. The method has been applied worldwide and is well received.With the constant expansion of our country's opening up, retail trade faces more intense domestic and foreign competitions. Its financial condition is worth us paying attention. Wuhan in central China and near the middle and lower reaches of Changing River is the goods distribution center. The retail in Wuhan has important position in our country. And the retail of listed companies as a leading force in Wuhan, leading the direction of retail development in Wuhan. Its development can be as an important indicator to measure the retail development in Wuhan. To improve traditional financial analysis methods with the characteristics of the retail, geographical location, level of development and also in Wuhan, it has theoretical and practical significance to understand the financial condition of the listed companies in retail. And in order to further understand the four listed companies in retail, we reference the advanced theory from foreign country and with our country's reality. Introducing the method of EVA to financial analysis, it reveals the true financial situation of companies.First, the article well introduces the research background. It illustrates the importance of financial analysis and the need to financial analysis listed retail companies in Wuhan. And reviewing and summering on the theory of financial analysis of the many studies both at home and abroad to point out the latest developments of financial analysis. The article also describes the ideas and innovation.Second, the article summaries four respects of the theory of financial analysis. It includes the importance of financial analysis, the purposes of financial analysis, the methods of financial analysis and financial analysis and evaluation system. It provides a theoretical basis for subsequent empirical analysis.Third, the article briefly introduces the background information of the four listed companies in retail, including the development of the entire retail industry in china, the status of Wuhan's retail in China's entire retail and the basic situation of the four listed companies.Fourth, the article uses traditional and modern methods of financial analysis combined to analysis Wuhan's listed companies in retail. On one hand, the article improves the traditional financial analysis method, use ratio analysis according to the characteristics of listed companies in retail to select financial indicators. And use comprehensive analysis of total Z score as a supplementary analysis. On the other hand, the article introduces the latest financial analysis methods-EVA to analysis and value enterprises performance and the ability to create value.At the end, the article gives a comprehensive evaluation and outlook of the four listed companies in retail according to the previous results. Propose measures and management recommendations to improve according to evaluation results, to help information users make decision. And point out the limitations of this study and future research directions.