Study On The Efficiency Of Working Capital Management Of Company T

The non-ferrous metal industry is an important basic raw material industry in China,and has an important supporting role for high-end equipment manufacturing,energy conservation and environmental protection,information technology and other industries.As a high quality company in the non-ferrous metal industry,it is important to improve the efficiency of working capital management of Company T to ensure its long-term stable development.This paper first analyzes the current situation of working capital management of Company T thprough the scale and internal structure of working capital.Second,using a combination of financial index analysis and DEA analysis,the financial data of Company T from 2017 to 2021 are selected to analyze the problems of working capital management turnover efficiency,solvency,coordination efficiency and overall efficiency of the company,including the low level of capital management,which makes it difficult to maximize the efficiency of capital turnover;excessive occupation of suppliers’funds,and the relationship with suppliers needs to be improved;receivables The company has a low level of inventory management,which takes up a lot of funds.Finally,we propose suggestions to improve the working capital management efficiency of Company T,including relying on digital technology to improve the construction of financial sharing center,deepen the integration of business and finance,and improve the level of capital management;optimizing supplier payment policy,implementing supplier classification management,establishing information sharing mechanism among supply chain companies,and forming good cooperation relationship;using customer credit mechanism,CRM system,and supply chain finance to strengthen receivables management and reduce bad debts.accounts receivable management and reduce bad debt loss;increase independent innovation and intelligent R&D,improve production mode and reduce capital occupation;strengthen financial talent team construction and promote financial function transformation,etc.Improving T’s working capital management efficiency is conducive to enhancing the company’s core competitiveness,and also provides a reference for other companies in the same industry.