Research On The Application Of EVA In The Financial Performance Evaluation Of Z Petroleum Enterprise

In today's world,with the rapid development of the market economy,it is indispensable for companies to implement financial performance evaluation in the process of achieving the goal of maximizing shareholder wealth.However,in financial performance evaluation,most companies still use core indicators related to net profit to assess their financial performance,but indicators related to net profit can be manipulated by man,which will inevitably allow corresponding financial performance evaluation The system lacks corresponding objectivity and scientificity.Such a model of financial performance evaluation obviously cannot better meet the needs of corporate competition.At present,oil companies are faced with the complex and severe situation of slowing global economic growth,frequent international oil price shocks,intensified competition in the domestic oil and gas market,and obvious rise in risk challenges.It is imperative to know the true operating performance of the enterprise itself and accurately assess its own enterprise value.Row.Applying EVA as the core financial performance evaluation method can effectively avoid the possibility of human manipulation.Its evaluation results are more detailed,objective,and accurate than traditional financial performance evaluation methods,and the value created by the enterprise can be more comprehensive and accurate.Based on this,this article first sorts out the related concepts and theories of financial performance,EVA,explains the related concepts of financial performance and EVA,and explains the related theories that support EVA evaluation.At the same time,it compares EVA with other performance evaluation methods.Ming advantages.Secondly,according to the actual situation of Z Petroleum Enterprise,it conducts an in-depth analysis of the status of Z Petroleum Enterprise's financial performance evaluation,and analyzes the company's financial performance status from the four aspects of profitability,debt solvency,operation capability and development capability,and at the same time proposes the enterprise Problems in current financial performance and the necessity of applying EVA to evaluate financial performance.Thirdly,the application of financial performance evaluation with EVA as the core is carried out for Z petroleum enterprises,that is,the accounting adjustment of the EVA index of Z petroleum enterprises is calculated,the EVA value is calculated,and then the EVA indicators are compared and analyzed with the traditional financial performance evaluation indicators.Finally,based on the results of the analysis,suggestions are put forward for the application of EVA in Z Petroleum Enterprises to help Z Petroleum Enterprises enhance their corporate value.