Analysis Of Working Capital Management Of AK Company Based On Channel Perspective

In the development process of an enterprise,both domestic and foreign working capital management play an important role,and it determines whether the enterprise can operate normally.With the development of the times,the research of working capital management has become more and more in line with the needs of corporate development,and academic research on the management of working capital from the perspective of channels has gradually been derived.The channel working capital management theory is more in line with the business process of the enterprise,and it makes up for the defect of the traditional working capital management theory that only observes a single project from the element point of view,making the analysis more systematic and comprehensive,and more suitable for the management needs of modern enterprises.In the context of the general trend of green transformation of the chemical industr y and supply-side reforms,the green and safe reform of the chemical industry is imperative,and it also brings new opportunities and challenges to chemical companies and the chemical market.AK Company is a high-quality enterprise among my country's chemical companies.Analysis of its working capital management is of practical significance to the entire chemical industry.The article uses literature research method,comprehensive comparison method,quantitative and qualitative combination method to study its working capital and its management effect.Starting from the research results of domestic and foreign scholars,explore their research history and unearth the latest academic views.Through the research,the working capital management of AK company will be researched and analyzed based on the channel perspective.First,in the theoretical part,the concept of working capital is gradually deepened.Through theoretical research and comparison,the advantages of channel working capital management theory and the shortcomings of traditional theories are analyzed.And the difference in perspective between the two.Subsequently,the research object AK company's working capital scale and capital structure are studied,and then its working capital is selected from the three aspects of liquidity,safety,and efficiency to evaluate the relevant indicators.Then calculate and analyze the AK company's channel working capital turnover period from 2015 to 2019,evaluate it horizontally,and compare and analyze it with the industry average.Then use the entropy method to determine the weight of the three channels of procurement,production,and sales.Using the TOPSIS method,which is the "distance between superior and inferior solution,",through vertical comparison with industry average data,we can get the working capital of AK company every year in the past five years.Management score situation.Through the above horizontal and vertical comprehensive evaluation,it is concluded that AK Company has problems in channel working capital management,such as fewer suppliers,high payables,single production products,insufficient accounts receivable management,and working capital efficiency Inferior.Finally,it puts forward optimization suggestions on strengthening the management and control of accounts receivable and improving the efficiency of capital use for the future working capital management of AK Company,hoping to help AK Company improve the level of working capital management,and play a positive role in other companies in the chemical industry.Reference effect.