Research On Financial Risk Control Of SF Company Based On Cash Flow Perspective

Currently,the intensifying competition among enterprises has led to frequent financial risks caused by cash flow shortages.Cash flow is as indispensable to an enterprise as blood is to the body.Even high-profit enterprises may face difficulties or even bankruptcy due to a shortage of short-term cash flow.Accurately identifying and effectively controlling financial risks are the key factors in safeguarding the development of enterprises.It is widely agreed among scholars that adding cash flow indicators to traditional financial distress prediction models is an effective approach to enhance predictive power.However,existing research results still lack specific case studies that combine industry factors.In recent years,with the booming of logistics revolution,the traditional logistics industry has gradually transformed from basic logistics and integrated logistics to supply chain management and smart logistics.During the transformation process,logistics companies face many challenges such as increased difficulties in technology research and development,higher R&D costs,and inadequate infrastructure,which require them to invest a large amount of capital,especially an increased demand for cash.This paper selects SF Company,a leading logistics enterprise in the logistics industry,as a research object,and conducts an in-depth analysis of its operational status from the perspective of cash flow,using the relevant financial data from2017 to 2021,and combining the F-score model and the logistics industry risk warning model that includes cash flow indicators.This paper comprehensively evaluates the company’s operating status and analyzes the causes of related risks.Finally,practical and reasonable measures and suggestions are proposed for the actual development of the enterprise.The results of the risk warning model show that although the financial risk of SF Company is generally within a safe range,the risks it faces have been continuously increasing since 2017,and it has been on the brink of danger by 2021.To conduct a more in-depth analysis,this paper combines SF Company’s financial data from 2017 to 2021 with that of other enterprises in the industry,and finds that SF Company faces the potential risks of slowing revenue growth,decreasing asset turnover efficiency,limited cost optimization space for outsourcing models,diversified business risks,high debt-to-asset ratios,and unreasonable internal financing structures.To address these risks,this paper proposes the following six measures: 1)SF Company needs to promptly respond to changes in the market environment and find new business growth points to sustain high-speed revenue growth and maintain its leading position in the market;2)Establish a full-process accounts receivable management concept to improve the liquidity of corporate funds;3)Strengthen cost and expense control and optimize the management of outsourcing models;4)Improve the information system risk prevention and control system to assist diversified business development;5)Reasonably allocate debt structures to alleviate debt pressures;6)Increase the scale of internal capital and expand diversified financing channels.