In recent years,Increasing competition among enterprises,and there has emerged an operating model that can create more value for the company-the asset-light operation model.Compared with the traditional operation mode,the light asset operation mode invests less in heavy assets,and pays more attention to the company’s technology,patents,brands,services,research and development,marketing and other high-value assets.On the basis of limited resources,flexible use of other people’s resources to achieve maximum profits with the least amount of investment,but the financial crisis that followed will not be underestimated,and most companies’ financial crisis broke out because of the light asset operation mode.The financial risk is too big.Therefore,it is important to correctly lock down the risks of the company under the asset-light operation mode and take timely measures.At present,domestic research on this aspect is still in its infancy.Therefore,it is of great significance to carry out targeted research on the current status of financial risk control of this model,which is of great significance to the future development of asset-light enterprises.This paper takes M company as the research object.Start with the basic theory of financial risk under light asset operation mode,financial risk and light asset operation mode,it uses financial statement analysis to identify its financial risks from both horizontal and vertical aspects.On this basis,the garment industry is fully considered.The development characteristics and the company’s own operating conditions,to establish a suitable risk assessment model forjudging the company’s financial risk and major financial risk points.In the comprehensive evaluation of the financial risks of M company,the analytic hierarchy process is first used to determine the weight of each financial indicator,and then the power factor method is used to conclude that its current financial risk is in a state of great police.M company faces such a large financial risk,mainly because the light asset operation mode leads to problems such as unreasonable debt structure,unsatisfactory inventory turnover,contradictory investment planning,chaotic corporate brand positioning,and weak risk awareness.Finally,on the basis of the previous article,the specific improvement measures of the financial risk control of Smith Barney apparel are proposed from different aspects.Through the research of this article,I hope to provide some solutions for Smith Barney apparel,and provide reference and guidance to light asset companies. |