Research On The Performance Evaluation Of The Working Capital Management Of Airlines In China

Working capital management plays an important role in enterprise financial management,which can be said to be related to the success or failure of enterprise operation.Due to the capital intensive characteristics of airlines,the efficiency of working capital turnover is more affecting the daily operation of enterprises.Scientific performance evaluation is the basis of improving management,and the analysis of evaluation results is of great significance to the improvement of working capital management.Based on the characteristics of airlines and the theory of financial management,this paper puts forward the idea of building a performance evaluation system for the management of working capital of airlines in China,and devotes itself to building a reasonable comprehensive evaluation system in order to obtain a more comprehensive and objective evaluation effect.This article first elaborated the working capital management performance appraisal related connotation and the theory;Secondly,it analyzes the current situation of the performance evaluation of the working capital management of domestic and foreign airlines,and summarizes the enlightenment of the performance evaluation of the working capital management of foreign airlines,as well as the deficiencies and reasons of Chinese airlines.Thirdly,according to the characteristics of China’s airlines,the working capital management performance evaluation system is established.Finally,this paper USES the entropy method to objectively assign the weight of each index,and calculates the comprehensive score according to the performance evaluation index function,in order to analyze the working capital management performance level of six listed airlines in China,and verifies the feasibility of the model,and the results obtained are basically consistent with the expected objectives.Finally,according to the current situation and characteristics of the management of the working capital of airlines in China,some Suggestions are put forward to optimize the performance of the management of the working capital.