Research On Financial Risk Management Of TG Catering Group

The catering industry is closely related to people’s lives and occupies a pivotal position in my country’s tertiary industry.With the rapid development of our country’s economy,modern people often not only pursue delicious dishes when they go to restaurants,but also have higher and higher requirements for restaurant service standards.The rise of a series of catering review software such as Meituan and Dianping has also promoted people to find restaurants that better meet their needs.And the catering industry is also an important link between the past and the future.Whether it is the upstream supply of raw materials or the downstream consumer groups,they must rely on the catering industry to communicate.Therefore,the economic status of the catering industry is very important from the perspective of the entire service-oriented industry.Once a financial crisis occurs in the catering industry,it will inevitably affect the entire upstream and downstream industries,which will lead to a more serious market crisis and cause huge losses to the entire domestic economic environment.loss.Therefore,in order to avoid a systemic financial crisis,it is very necessary for catering companies to manage financial risks.At present,experts and scholars in our country have little research on the financial risk management of the catering industry.Most people think that the catering industry is not compared with the manufacturing industry and is an asset-light industry,thus ignoring the financial risk management needs of the catering industry.From an objective point of view,financial risk must objectively exist in every company,and it will not be reduced by the company’s asset scale and operating results.The domestic financial risk management requirements and level of the catering industry are relatively low,which is not conducive to the healthy development of the catering industry.Proceeding from this,this paper takes TG Group as an example,from the perspective of financial risk identification and evaluation,researches and proposes feasible financial risk management measures for catering companies,so that more catering companies can compare and learn from them.The research idea of the thesis is as follows: First,conduct detailed research and analysis on the financial statements of TG Company from 2017 to 2021,introduce the general situation of TG Group’s basic financial risk management,and use financial data to calculate the corresponding financial indicators for financial risk identification,including TG Company’s Risks in the four aspects of financing,investment,operation,and income distribution.Then use the Z-score model to quantitatively evaluate and analyze the company’s asset scale,operating structure,operating process,and profit distribution.And use the form of focus group interviews to interview the management of TG Group,and analyze the overall situation of TG Group from the perspective of management.Finally,use the above identification and evaluation results to summarize and suggest measures for TG company’s financial risk management.Through the above research,this paper finds that TG company does have defects in investment activities,operating costs and income distribution.Therefore,through domestic and foreign research and market research,and according to the company’s own situation,some coping strategies are summarized.This paper proposes that TG Group should properly grasp the financial risks brought about by the expansion strategy,allocate costs scientifically and rationally during the operation process,and seek new operating profit growth points on the basis of existing company operations to optimize the company’s existing profits Allocation.This article is conducive to TG’s better response to the epidemic after the global pandemic of the new crown epidemic,reducing the negative impact it brings,continuously expanding domestic and overseas market shares,and enhancing the ability to resist risks.It enables TG Company to better control its own financial risks,and at the same time,it also proposes new ideas for more catering companies to manage financial risks.