本文關(guān)鍵詞： 財務(wù)報表分析 盈利能力 五糧液集團　出處：《西南交通大學(xué)》2015年碩士論文　論文類型：學(xué)位論文

【摘要】：財務(wù)報表可以綜合反映公司的財務(wù)狀況、經(jīng)營業(yè)績和發(fā)展趨勢,是投資者了解公司、決定投資行為的最全面、最翔實的第一手資料。運用一定的分析方法,對企業(yè)的基礎(chǔ)數(shù)據(jù),包括財務(wù)報表和相關(guān)資料進行加工提煉,比照相關(guān)參照標準,對企業(yè)的財務(wù)狀況、經(jīng)營成果和現(xiàn)金流量的變化趨勢作出評價,分析其形成的原因,這樣一個信息處理過程被稱為財務(wù)報表分析。財務(wù)報表分析在會計信息使用者做出決策的過程中起了必不可少的作用。近年來,白酒行業(yè)內(nèi)部開始出現(xiàn)調(diào)整,白酒固有的消費模式以及原來形成的市場結(jié)構(gòu)隨之發(fā)生了重大改變,這給整個白酒行業(yè)帶來挑戰(zhàn)。五糧液集團作為白酒行業(yè)的龍頭企業(yè),歷經(jīng)多年發(fā)展,自然也受到社會各界的關(guān)注。2013年,五糧液集團營業(yè)收入下降,利潤降低,經(jīng)營狀況不佳,引起了社會較高關(guān)注。本文通過對五糧液集團財務(wù)報表,包括資產(chǎn)負債表、利潤表和現(xiàn)金流量表的分析,同時結(jié)合各個要素,對其償債能力、盈利能力、營運能力和成長能力做了一定的分析。最終得出這樣的結(jié)論：五糧液集團雖然在2013年銷售業(yè)績出現(xiàn)下滑,但是其流動性資產(chǎn)充足,有著很強的償債能力：利潤率較高,經(jīng)營活動產(chǎn)生的現(xiàn)金流量能夠滿足集團發(fā)展需要。加上集團已經(jīng)開始加大固定資產(chǎn)的投入,開始著于進行改革。總體而言,五糧液集團還是很有發(fā)展?jié)撡|(zhì)的。本論文主要分為五個部分：第一部分是本文的緒論部分,主要闡述了與本文的選題背景和本文課題的研究意義。第二部分引入了與財務(wù)報表分析相關(guān)的一些基本概念,涵蓋了財務(wù)報表分析中最常用的幾種分析方法,對其中幾種方法進行了重點羅列。第三部分以五糧液集團的介紹為引入背景,結(jié)合橫向和縱向不同截面,對其2010年-2014年的財務(wù)報表進行了具體分析。第四部分選取茅臺集團作為比較對象,在償債能力、盈利能力、營運能力以及成長能力等方面對二者進行比較分析,并根據(jù)數(shù)據(jù)指標做出評價。運用杜邦分析體系對二者的凈資產(chǎn)收益率在對比年度發(fā)生變動的原因。第五部分是在綜合前面部分數(shù)據(jù)分析的基礎(chǔ)上,總結(jié)出五糧液集團在財務(wù)管理中可能存在的一些問題,并據(jù)此提出對策和建議,希望能夠?qū)瘓F的發(fā)展有所幫助,也能為其他企業(yè)提供借鑒。
[Abstract]:Financial statements can comprehensively reflect the financial situation, business performance and development trend of the company, is the most comprehensive and accurate first-hand information for investors to understand the company and determine the investment behavior. The basic data, including financial statements and related information, are processed and refined, and the changing trends of the financial situation, operating results and cash flow of the enterprises are evaluated according to the relevant reference standards. Analysis of the reasons for its formation, such a process of information processing is called financial statement analysis. Financial statement analysis plays an essential role in the decision-making process of accounting information users in recent years. Within the liquor industry began to adjust, liquor inherent consumption patterns and the original formation of the market structure has undergone significant changes. This brings challenges to the whole liquor industry. Wuliangye Group as a leading enterprise in liquor industry, after years of development, naturally also received attention from all walks of life. In 2013, Wuliangye Group business income declined. Lower profits and poor operating conditions have aroused high social concern. This paper analyzes the financial statements of Wuliangye Group, including the balance sheet, income statement and cash flow statement, at the same time combined with the various elements. To its solvency, profitability, operating capacity and growth capacity to do a certain amount of analysis. Finally come to this conclusion: Wuliangye Group although in 2013 sales performance declined. But its liquid assets are sufficient, have very strong solvency: the profit margin is high, the cash flow generated by the business activities can meet the development needs of the group. In addition, the group has begun to increase investment in fixed assets. In general, Wuliangye Group is still very potential for development. This paper is mainly divided into five parts: the first part is the introduction of this article. The second part introduces some basic concepts related to the analysis of financial statements, including some of the most commonly used analysis methods in the analysis of financial statements. The third part takes the introduction of Wuliangye Group as the introduction background, combining horizontal and vertical different sections. The financial statements from 2010 to 2014 are analyzed in detail. Part 4th selects Maotai Group as the comparative object, in the solvency, profitability. The operational capacity and growth capacity of the two aspects of comparative analysis. And according to the data indicators to make an evaluation. The use of DuPont analysis system to compare the reasons for the annual change in the return on net assets. 5th part is based on the analysis of the previous part of the data. This paper summarizes some possible problems in the financial management of Wuliangye Group, and puts forward some countermeasures and suggestions accordingly, hoping to be helpful to the development of the Group and providing reference for other enterprises.
【學(xué)位授予單位】：西南交通大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2015
【分類號】：F426.82;F406.7
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本文編號：1467381