Research On The Working Capital Management Of Yonghui Supermarket Under The Quasi-financial Mode

With the vigorous development of new retail and e-commerce,retail companies need to face more crazy market competition.While there is an urgent need to expand the company scale and seize the industry market,the upgrading of business format is also very urgent,and both need a lot of capital supply.In this context,the quasi financial model has become the best choice for many comprehensive retail companies.The so-called quasi financial model refers to the operation mode in which companies absorb or occupy funds from all parties in a low or no cost way and benefit from these funds,which is manifested in the comprehensive retail industry,Delaying the payment for goods from upstream suppliers and collecting the funds from downstream consumers in advance can make the company’s book balance more funds for scale expansion and foreign investment,so as to make the company more competitive and obtain more income.Yonghui Superstores,as the leading enterprise in the domestic comprehensive retail Superstores industry,has been in the trend of rapid expansion since its listing.It uses its own scale advantages to continuously develop the financial model.While giving it many benefits,this kind of financial model will also bring some problems to its working capital management,such as higher current liabilities will worsen its debt structure,and higher inventories will occupy more funds,which will affect the safety and liquidity of working capital.Therefore,while benefiting,we can not ignore the problems brought by the similar financial model,which need to be studied and solved,which has a certain reference significance for other companies in the same industry to better apply the similar financial model.Therefore,taking Yonghui Superstores as an example,this thesis collates the financial data of Yonghui Superstores from 2015 to 2020,obtains the weight of all indicators by using the principal component analysis method,collates the standard value of evaluation indicators,determines the evaluation interval,and then constructs a relatively perfect working capital management evaluation system by using the improved efficiency coefficient method This thesis evaluates the working capital management of Yonghui Superstores under the quasi financial model from the three aspects of liquidity and profitability and the comprehensive level,and analyzes and summarizes the benefits and existing problems brought by the quasi financial model.Using the combination of principal component analysis and efficacy coefficient method to evaluate the working capital management of Yonghui Superstores under the similar financial mode is reasonable and operable.On the whole,its working capital management under the similar financial model is at a good level.Specifically,the security and liquidity of working capital have decreased in recent two years,while the profitability has changed up and down,which is due to the unreasonable debt structure,the decline of goods turnover and the rapid expansion.Based on the research conclusion,this thesis puts forward relevant optimization measures,that is,we need to pay attention to optimizing the debt structure,strengthening inventory management and reasonable investment expansion,so as to promote the enterprise’s working capital management to a higher level,so that it can continue to operate and develop better,and also hope to provide corresponding reference for other comprehensive retail enterprises.