Research On The Construction Of A Coal Enterprise Financial Risk Early Warning System Based On Efficiency Coefficient Method

Financial risk is one of the important risks of enterprise management.It is the fluctuation of financial condition caused by the change of many factors in the process of enterprise production and operation.If the management and control is not proper,it may even cause huge losses of the enterprise.Then,the financial risk early warning can identify and analyze the risks in advance according to the financial indicators,and avoid the occurrence of financial risks or reduce the losses of financial risks by predicting the results.Coal is an important energy related to the national economy and people’s livelihood,is one of the main energy to promote social development,and is closely related to industrial development and people’s lives.After decades of development,China’s coal industry has developed rapidly from the beginning of short supply to the present coal market tends to saturation.The "14th Five-Year Plan" development plan and the "Double Carbon Policy" advocate the upgrading and transformation of the coal industry.Then coal enterprises with double high characteristics will definitely face a period of pain in the transformation process.To strengthen financial risk management and carry out financial risk early warning is one of the important means to maintain the sustainable development of enterprises.In accordance with the idea of "definition of financial risk--analysis on the necessity of establishing early warning system in enterprises--screening of financial risk indicators--construction of financial risk early warning system based on efficacy coefficient method--analysis of risk prevention and control countermeasures of coal enterprises",this paper studies A coal enterprise.It is found that there are problems such as single financing means,unbalance of debt structure,low efficiency of accounts receivable management and weak profitability of products.In view of the above problems,this paper establishes a financial risk early warning system applicable to A coal enterprise based on the efficacy coefficient method,and gives targeted financial risk prevention suggestions and prevention and control countermeasures according to the early warning results.The main research results of this paper are as follows: First,the financial status of A coal enterprise is analyzed,and the importance of building a financial risk early warning system is proposed.In this paper,the financial analysis of A coal enterprise is carried out from the two directions of external policy and internal operation.According to the financial situation of A coal enterprise,it is pointed out that it needs to pay attention to financial risks,build a financial risk early warning system,and take corresponding measures in advance to maintain the healthy long-term development of the enterprise.Secondly,based on the five years of data from 2017 to 2021,relying on the efficiency coefficient method to build A coal enterprise financial risk warning system.This paper selects the widely used efficacy coefficient method.According to the operation situation of A coal enterprise and the characteristics of the coal industry,it selects appropriate financial indicators and non-financial indicators,and constructs the financial risk early warning system after the evaluation weight and screening.Finally,early warning analysis is carried out on A coal enterprise based on the constructed financial risk early warning system,and targeted risk prevention and control suggestions are put forward based on the evaluation results,hoping to help A coal enterprise effectively reduce financial risks,cope with changes in the external environment,and develop sustainably.This paper makes some innovations in the selection of financial indicators,and adds non-financial indicators to the early-warning system of financial risks,so as to consider more comprehensive factors affecting financial risks.At the same time,the efficiency coefficient method avoids the traditional efficiency coefficient method to set the weight of indicators,adopts the entropy weight method to calculate the weight of various financial indicators,and adds the standard coefficient stalls,so as to make the whole financial risk early warning process more flexible,and the calculation results fit the actual situation of enterprise operation.To sum up,this paper establishes a financial risk early warning system for A coal enterprise,which can make effective early warning for the future financial situation of the enterprise,so as to take risk prevention and control measures in advance,maintain the healthy,steady and sustainable development of the enterprise,and also give certain references to coal enterprises in similar situations in the industry.