Research On Financial Performance Evaluation System Of Anjoy Food Based On Factor Analysis

Financial performance is the core of enterprise operation and development,which reflects the effectiveness of cost control,financial accounting,budget management and capital source allocation.In recent years,the food manufacturing industry has expanded significantly with the improvement of the domestic economic development level and the increase of people’s demand for food.According to the National Bureau of Statistics,the market size of China’s food manufacturing industry is extremely large,growing from 4.49 trillion yuan in 2019 to 5.31 trillion yuan in 2022.It is of great significance to study how to optimize the financial performance system of food manufacturing enterprises,improve their own financial performance level to cope with the increasingly fierce market competition in the industry,continue to develop with high quality and maintain their own competitiveness.This thesis constructs a new financial performance evaluation system for Anjoy Food based on principal-agent theory,contingency theory,and stakeholder theory.According to the industry characteristics and the present financial status of the company,a new financial performance evaluation system was constructed by selecting 16 financial indicators in terms of profitability,solvency,operational capacity and innovation and development capacity.A Factor analysis was conducted on a sample of 51 food manufacturing enterprises,including Anjoy Food,in order to evaluate their rankings in the industry horizontally.It shows that its debt-paying factor and innovation and development factor were not performing well in the industry.As a result,this thesis intends to deeply analyze the shortcomings of the current enterprise,and then proposed some targeted optimization countermeasures,including establishing control system of selling expenses,advancing marketing strength,establishing reasonable management cost standard to reduce management cost,and setting up a debt-paying fund,increasing monetary capital holdings,optimizing the debt-to-equity ratio through long-term bank loans,and establishing receivables filing platform to enhance the ability of control accounts receivable,Strengthening the control of bad debts,clearing and improving inventory management level,and importing highly educated professional and technical talents,increasing R&D investment and adjusting sensibly financial goals of enterprise.The purpose of this thesis is to evaluate the financial performance of Anjoy Food,to assist enterprise managers in gaining an objective understanding of Anjoy Food’s financial situation,to actively cope with the current competitive market environment,to achieve better development goals,and hopefully to provide a reference for the development of other enterprises.