Financial Statement Analysis Of Small-sized Private Enterprises In Refractory Materials Industry

This thesis firstly describes the predicament of the whole refractory materials industry under current macroeconomic environment. Then the characteristics and classification of refractory materials manufactories are listed. As one of the small-sized private enterprises in lots of refractory materials manufactories, J Company exists some representative financial problems such as inventory backlog, long payback period of account receivable, high cost of account payable and high administrative expenses. Through vertical analyzing three-year financial reports of J Company and horizontal DuPont analyzing PRCO and J Company, solutions for main financial problems can be provided. Meanwhile learning the experience of enterprises in both inside and outside of the industry, the deficiencies of J Company like financing channels, effective utilization of funds, risk management and budget management can be made up. In this way, J Company can stride to further future with the steady steps.