Research On Working Capital Management Of Bright Dairy From The Perspective Of "Element-Channel"

Working capital management is an important part of financial management for enterprises,and plays an important role in the sustainable development process of enterprises.The key to efficient management of working capital is to accelerate the speed of capital turnover,reduce the shortage of disposable capital caused by uncertain factors,indirectly reduce the cost of enterprise capital operation,and achieve healthy development of enterprises.On this basis,this article selects the factor theory and channel theory as the basis,combines them with the enterprise working capital management,deeply analyzes the working capital management situation of Bright Dairy from a dual perspective,analyzes its causes and results based on the working capital situation in the past five years,and finally puts forward some suggestions on how to strengthen the company’s working capital management from a dual factor perspective.This article is based on the working capital management theory from a dual perspective,laying a theoretical foundation for the subsequent analysis of the specific situation of working capital management of Bright Dairy.Through research and analysis of the statements and annual reports of the past five years,first of all,a brief introduction to the basic situation of the company of Bright Dairy was given.Secondly,a detailed analysis of the working capital structure of Bright Dairy was conducted from the perspective of factors and channels,and the performance of working capital management based on a dual perspective was analyzed.It was found that there are still problems in the working capital management process of Bright Dairy,mainly including serious inventory backlog Problems such as slow recovery of accounts receivable,high proportion of other accounts payable,and unstable relationships with suppliers.Finally,based on the above existing problems,combined with working capital management elements,suggestions for optimizing working capital management are proposed from the perspective of elements and channels.Finally,it is concluded that the working capital management method of Bright Dairy is relatively simple and lacks in-depth discussion of specific business processes and projects.