The Research Of Oriental Yuhong Working Capital Management Based On Value Chain

In recent years,with the acceleration of China’s urban construction,the real estate industry has been greatly developed,and the corresponding industry-waterproofing industry has also coruscated great vitality.Now,thanks to rising waterproof material requirements and rising industry standards,the base for home renovation and repair has increased dramatically,the market of the waterproof industry has expanded further on the basis of the 100 billion market.At the same time,the market of the entire waterproof industry will also face more fierce competition.The concentration of its industry is rapidly shifting to the head enterprises,h AS FORMED A super-multi-strong market structure,in such a competitive environment,how to maintain an advantage in the competition or even further is crucial.This thesis Chooses Oriental Yuhong,a leading enterprise in the waterproof industry in China,as the research object,combining the theory of working capital management with the theory of value chain,this thesis studies the working capital management of Dongfang Yuhong.This elects ten listed companies in waterproofing industry as samples,adopts the method of Efficiency Coefficient and entropy value to analyze and evaluate some listed companies in waterproofing industry,and on this basis,according the internal value chain and external value chain To analyze the working capital management of all links of Oriental Yuhong,and through data comparison,it was found that the proportion of overdue accounts,inventory,accounts payable and other accounts payable of Oriental Yuhong was slightly higher,and there were greater operational risks,and there was some room for optimization in the management of working capital in the supply and marketing links,oriental Yuhong has a high dependence on upstream funds,while the credit conditions for downstream funds are relatively loose,which has a considerable impact on the efficiency of Oriental Yuhong ’s working capital management.Finally,this thesis analyzes the internal value chain and external value chain respectively,combining the production and sales mode of Oriental Yuhong and the relationship between upstream suppliers and downstream customers,from the inventory,accounts receivable,accounts payable,other accounts receivable,investment and financing of enterprises and other aspects,in view of the eastern Yuhong situation to put forward specific proposals.This thesis through the value chain theory,will enterprise’s each production and operation activity organic integration,which has broken the traditional factor-based working capital management research and further supplemented and enriched the working capital management theory,which provides a theoretical basis for Oriental Yuhong to further improve the management of working capital,helping enterprises to improve the efficiency of working capital management to a certain extent,and at the same time,it has certain reference significance to the working capital management of other related enterprises in the same industry.