Financial Performance Analysis Of Yonghui Supermarket Under The Light Asset Operation Model

With the rapid development of China’s social economy and the widespread application of the digital economy,the traditional retail industry is facing enormous challenges.The heavy asset model has compressed the profit space of enterprises,and the traditional offline store distribution model is difficult to support sustainable development of enterprises.Therefore,the management mode of many enterprises in the retail industry has undergone a transformation.Therefore,the management mode of many enterprises in the retail industry has undergone a transformation.The light asset operation model focuses on investing in and operating brands,marketing,patents,management,etc.,in order to gradually enhance the market competitiveness of retail products,promote the improvement of capital investment returns,and enable enterprises to obtain more long-term development value,achieve a profitable and sustainable state of development,control operational risks,improve project investment utilization efficiency,and thereby reduce operational costs.This article first reviews relevant literature at home and abroad,and combines relevant theoretical knowledge to analyze the impact of the light asset operation model on financial performance.Taking Yonghui Supermarket as an example,this paper analyzes the causes of the light asset operation mode of the enterprise,uses traditional financial indicators to analyze it,and introduces the EVA indicator system for in-depth analysis,then,from the perspective of EVA,14 indicators were selected from four aspects: profitability,operational ability,debt paying ability,and development ability.The weights were confirmed through the Analytic Hierarchy Process model,and the final results were calculated using the Efficiency Coefficient method.Based on this,an evaluation index system was constructed.Through the above financial performance evaluation system,we conducted an actual evaluation of Yonghui Supermarket and analyzed the problems that exist in its light asset operation model.Not only is the asset liability ratio high,debt repayment ability needs to be improved,but also supply chain management is incomplete,capital utilization efficiency is low,and profits have not increased.Optimization strategies have been proposed to address these issues: optimize capital structure,strengthen accounts receivable management,and improve supply chain management.Research has shown that Yonghui Supermarket’s profitability and development ability were weak before the transformation of its light asset operation model,and its short-term debt repayment ability was not strong,after the transformation,the current ratio and quick ratio have increased significantly,and the cash flow is sufficient,but at the same time,there is also the problem of rapid expansion and excessive production investment affecting net profit margins.Overall,Yonghui Supermarket can maintain a competitive advantage in the fiercely competitive market environment under the light asset operation mode,and seek maximum market development benefits for the enterprise.