Research On Financial Risk Early-warning Of JM Cross-border E-commerce Company

Under the background of the domestic economic growth slowing down,the e-commerce industry has maintained a rapid development.However,with the increasing complexity of the external economic environment,e-commerce enterprises will be faced with higher financial risks.Therefore,in order to prevent and resolve the financial risk,we must establish a sound financial risk warning system,through the system timely find the abnormal financial risk and take effective measures to avoid the financial risk,so as to reduce the loss to the minimum.In this paper,JM Company,the first company listed on the New York Stock Exchange,is selected as the research object.This paper first analyzes the changes of the relevant indicators in the financial statements of JM Company in 2014-2017,and compares the relevant financial indicators with the industry standard value,and then analyzes the financing risk,the credit risk,the inventory turnover risk,the financing risk,the credit risk,the inventory turnover risk,the financing risk,the credit risk and the inventory turnover risk.On the basis of identifying the financial risk of JM Company from the aspects of exchange rate risk and capital turnover risk,this paper discusses the profitability,solvency and growth ability of JM Company based on the efficiency coefficient method.The financial indexes such as operation ability and cash flow capacity are used to calculate the weights of different indexes respectively and the early-warning model of financial risk of JM company is constructed.The results of the model analysis show that the financial risk of JM Company is a serious warning state in 2015,and the financial risk in 2016 and 2017 is in a state of great alarm.Therefore,the financial risk state of JM Company in recent three years is in a more dangerous warning range.Based on the above analysis,combined with the financial risk warning results and financial risk identification of JM Company,this paper proposes to establish an inventory management system to improve inventory turnover,enhance third-party logistics control,reduce logistics costs,and establish a eredit management system.Some countermeasures such as increasing the turnover rate of accounts receivable,establishing reasonable capital structure,improving the ability of paying debts and constructing a benign and orderly credit system are proposed.