Research On The Working Capital Management Performance Of Construction Industry

Sustained and stable development of enterprises,can not do without the efficient management of working capital and rapid turnover.As the strongest and most dynamic working capital in enterprise assets,only strengthening the management can improve the performance of working capital management and enhance the competitiveness of enterprises on the basis of ensuring the smooth cooperation of supply,production and sales departments.At present,China’s construction enterprises still have a large room for development,but its low working capital performance constrains the rapid development of construction enterprises,and scholars of its research is not enough depth.There fore,this paper attempts to study the performance of working capital management of domestic listed construction enterprises with building enterprises as the object.Firstly,the background,significance,method and innovation points were introduced.Secondly,the performance evaluation system of the working capital management and the related working capital theories were sorted out.Thirdly,basing on the construction enterprise’s working capital’s characteristics,this research analyzed the listed companies’overall working capital management.Fourthly,taking the channels and elements as a breakthrough point,this research collected the relevant data about CAMCE and tried to explain the management of working capital of CAMCE’s problems and achievements.In the end,some suggestions were put forward to make working capital performancemanagement better.Here are the main innovation points of the research:1.Setting the "channel and element" as the research core.This study applied the channels and elements into the entire process from purchase to marketing to analyze the working capital management performance of the construction listed companies in our country,and found its performance showed the tendency of ascension year by year,which results from the improvement of China’s construction enterprise in the structure of working capital,the channel funds utilization,the financing channels,the accounts receivable management and so on.2.Taking the "typical case" for the point analysis.Taking the CAMCE for the example,this study chose different systems of evaluating performance to study with the view of the channel and element,and found that CAMCE had a worse working capital management performance than the construction industry level.The result also showed that CAMCE had some problems in the structure of working capital and inventory management.The paper puts forward some corresponding optimization of working capital management advises accordingly.