Analysis Of Management Performance Of Yabao Pharmaceuticals'working Capital

In recent years,the importance of working capital in the management and operation of enterprises has received widespread attention from all walks of life Working capital is the most liquid and most dynamic part of corporate assets.Comprehensive performance evaluation of working capital management not only helps improve the working capital utilization rate of companies,reduces related expenditures,enhances company profitability skills,and can even rationally allocate working capital to various processes by strengthening the management and control of working capital.Traditional operating funds management theory and performance evaluation are mostly based on factor-based working capital management performance analysis methods.Usually relying on the financial statement system,a single indicator is used to reflect the working capital management status of the company.There is a lack of uniformity among the indicators.It analyzes the company's working capital management performance level based on the company's basic business processes,rather than relying on a single financial ratio,so that it can correct the shortcomings of the traditional methods of working capital management and control,and then conduct a comprehensive evaluation of the company's use of working capital.For the pharmaceutical and biological products industry,the basic business process is divided into procurement,production and sales.This article selects Yabao Pharmaceuticals as the research object,and regards the channel-based management and control of working capital as the basis for the control and management of working capital based on the theory of factor management and control.It is based on case studies,comparative research methods,and literature analysis methods.The comparative study,by analyzing the operating efficiency of various levels of working capital,finds out the current shortcomings of the company and discusses ways to improve the energy efficiency of the company.