A Diagnostic Study On The Working Capital Management For Deppon Express

Since China's entry into the WTO,the logistics industry has been booming.Now especially the popularity of the online shopping,the development of logistics enterprises ushered in a peak period,but also accelerated the competition between the logistics enterprises.During the 12 th five-year plan period,the logistics industry experienced rapid growth with an average annual growth rate of nearly 14%.The total value of e-commerce transactions is about 21 trillion yuan,with an average annual growth rate of 36%.The total volume of imports and exports reached nearly 25 trillion yuan,with an annual growth rate of about 4%.The volume of courier delivery exceeded 20 billion pieces,with an average annual growth rate of nearly 55%.The great achievements made during the 12 th five-year plan period have laid a solid foundation for the development of the 13 th five-year plan.The national demand for logistics services is constantly upgrading and the middle-income group has become the main group of consumption.The logistics industry strongly supports the efficient upgrading and the rapid development of the national economy.The management of working capital has always been the core of the financial management of logistics enterprises.Logistics enterprises should actively adapt to the new normal of economic development and pay more attention to the management of working capital.Good working capital management,on the one hand,can continue to reduce the holding cost of working capital through efficient capital utilization,on the other hand,it can also guarantee the daily operation of the enterprise needs to spend,achieve the purpose of improving the overall profitability of the enterprise,so as to create a higher competitiveness than competitors in the same industry.The logistics industry is characterized by large capital demand gap and intensive turnover.Therefore,how to improve the level of working capital management and reduce the financial risk of enterprises is an important problem faced by logistics enterprises in the new situation.This paper selects Deppon Express,a logistics enterprise that landed on the capital market in 2018,as the research object.Firstly,this article describes the overall development of the logistics industry and the transformation and development of Deppon Express in recent years.Secondly,based on the collected relevant information and various financial data,this paper makes a horizontal and vertical comparative analysis of various working capital management indexes of Deppon Express and its listed logistics express enterprises in the same industry from multiple perspectives,and finds out the difference in working capital management level between Deppon Express and other logistics enterprises in the same industry.At the same time,by analyzing the trend of its working capital management structure and efficiency in recent years,the existing problems are found,and the root causes of the problems are diagnosed.Finally,combined with its current development in the face of operational business risks,put forward the specific measures to improve its working capital management level.