Research On Financial Problems Of Shandong High-Speed Group Based On Improved DuPont Analysis

With the implementation and promotion of the "fourteenth Five-year Plan",China’s road transport industry has ushered in a huge opportunity for development,and gradually formed the infrastructure network of internal and external connectivity.Road transportation enterprises are an important driving force of national economic development and lay a foundation for infrastructure and economic construction in the new period.The financial analysis of road transportation enterprises is the key to grasp the current situation of enterprise management and define the future development direction.But along with the intensified competition in the industry,the traditional du pont analysis method has been unable to fit corporate financial analysis,need to improve the traditional method and optimization,using the improved dupont analysis method is more comprehensive and in-depth analysis of the enterprise’s financial situation,in order to timely and objectively grasp the enterprise current situation,for the sustainable development suggestion.Based on shandong expressway group as the research object,this paper first expounds the research background and purpose,introduce the related concepts and theory,on this basis,the overview shandong high-speed group development course and the present situation of the business,and then select from 2016 to 2021,six years of financial data,using the traditional du pont analysis to current situation of shandong high-speed group financial analysis.By analyzing the results,the shortcomings of the traditional Dupont analysis method are found,and the indexes such as net profit cash ratio,sales cash ratio,cash recovery rate of total assets,net cash ratio of operating activities and sustainable growth rate are clearly introduced,so as to put forward the basic frame of improving du Pont analysis method.From equity net interest rate,net profit cash ratio,sales cash ratio,total assets cash recovery rate,operating activities net cash ratio,sustainable growth rate to carry out the analysis.The profitability,operation,debt repayment and sustainable growth of Shandong High-speed Group before and after the improvement are compared,and the necessity of improvement is illustrated with the analysis results.Finally,according to the evaluation effect mentioned above,shandong High-speed Group should pay attention to cost control to increase the actual income,optimize the cost management to expand the profit space;Reduce blind investment to prevent the formation of non-performing assets,strengthen inventory management to improve inventory turnover;Control the asset-liability ratio and rationally leverage business,explore diversified channels to adjust the capital structure;Strengthen long-term sustainable development of strategic management layout,improve independent innovation ability,increase research and development investment and other measures,improve the level of financial management,in order to promote the faster and better development of Shandong High-speed Group in the future.