Working capital management is the management of the company’s current assets and current liabilities.It is a dynamic process that develops as the company’s production scale,business environment and development strategy change.Working capital management,as an important part of corporate fund management,covers a wide range of business management from financing to management to investment.Good working capital management level is a necessary condition for the healthy development of enterprises.The economy needs to be developed,the power must go first,and the power industry plays a role in protecting China’ s economic construction.Therefore,it is of great theoretical and practical significance to study the working capital structure of the power industry listed companies in the power industry.This paper takes power listed companies as an example,uses structural theory to conduct in-depth analysis and empirical research on working capital management issues,and research ideas and research methods have certain innovations in the power field.The paper firstly aims to improve the utilization level and turnover capacity of working capital and strive to improve the overall profitability of power companies.This paper proposes to strengthen the working capital management strategy of power companies from seven aspects:improving the external environment of power companies,strengthening internal management,adjusting the capital structure,and rationally determining the working capital requirements.The main research work and achievements of this paper are as follows:First of all,based on the analysis of the concept of working capital management,this paper analyzes the characteristics of working capital,the concept of working capital management,structural management and so on,and points out the main contents of working capital structure.To carry on the in-depth theoretical analysis and the research to it.It also points out the characteristics of the working capital structure of the electric power industry of listed companies,and then analyzes the performance evaluation theory of the power enterprises.Secondly,the paper chooses the Inner Mongolia Power Generation Co.,Ltd.as an example to analyze the sample,and makes an empirical study on the relationship between the enterprise undefineds working capital structure and the enterprise undefineds performance.The current assets and long-term assets,current liabilities and long-term liabilities,current assets and current liabilities,company size and enterprise performance,and current assets turnover rate are analyzed and studied.Finally,it is proposed to improve the governance structure of power listed companies,optimize the working capital structure,make full use of the leverage effect of long-term liabilities,reduce the financial risk,and improve the quality of power listed companies. |