Research On The Evaluation And Promotion Of T Company’s Financial Competitiveness

According to the data of the National Development and Reform Commission and the National Bureau of Statistics,in 2021,China’s crude oil output was 198.976 million tons,an increase of 2.4% year on year.The crude oil output achieved three years of continuous growth,reflecting the increase in demand in the oil and gas service industry.With the intensification of domestic oil and gas exploration and development during the "Fourteenth Five-Year Plan" period,the oil service industry as a whole has a high development potential,but the sharp fluctuations in oil prices also increase business risks for oil service companies.Therefore,oil service companies should not only strive to seize opportunities but also overcome many challenges.As a company with certain development potential in the oil service industry,T Company still needs to improve its competitiveness in the increasingly competitive market environment.Improving its competitiveness becomes a necessary condition for the company’s long-term development.As an important part of the enterprise’s competitiveness,improving its financial competitiveness is particularly important.This paper takes T Company as the research object,and uses the literature research method,inductive reasoning method and theoretical analysis method to evaluate the financial competitiveness of T Company from 2017 to 2021.First of all,it elaborates the concept and relevant theories of financial competitiveness,including the concept and characteristics of financial competitiveness,as well as the theories of financial strategy,resource base,financial ability,stakeholders,etc.Secondly,it briefly introduces and analyzes the financial status of T Company,mainly analyzes the assets and liabilities,income and expenses,and cash flow of T Company from 2017 to 2021.Thirdly,19 indicators are selected from the four aspects of financial strategy,financial resources,financial ability and interest coordination ability,and the evaluation index system of T company’s financial competitiveness is constructed.The entropy weight method is used to give weight to each indicator,and the TOPSIS method is used to calculate the score of each indicator,and the company’s financial competitiveness level is evaluated.Finally,according to the evaluation results of financial competitiveness,it is found that T Company has weak financial resources,lack of interest coordination ability and other problems,and accordingly puts forward countermeasures to improve the financial competitiveness of T Company,and provides important reference for other companies in the same industry to improve their financial competitiveness.