欢迎来到天天文库
浏览记录
ID:31956959
大小:2.47 MB
页数:67页
时间:2019-01-29
《贵州茅台公司与五粮液公司财务对比分析-研究》由会员上传分享,免费在线阅读,更多相关内容在应用文档-天天文库。
1、西南交通大学硕士研究生学位论文第1I页现出良好的发展势头;另外,需要特别说明的是,五粮液公司2009年通过对关联交易的治理,其盈利能力和现金创造能力得到了大幅提升。而从所整理的白酒行业上市公司的财务数据和指标来看,该行业在盈利能力、现金创造能力、股利支付能力等方面表现强劲,行业资金量充裕,总体资本结构稳健,财务风险较小,但是其市场价值估值普遍偏高,后续成长能力不足也有待进一步提升。关键词:盈利能力;现金创造能力:价值创造能力;成长能力;风险控制能力西南交通大学硕士研究生学位论文第1II页AbstractIntherecentyears,therisingofChinese
2、liquorpricehasbeentakingalotofconcernaboutthealreadytensepriceinthesociety,whichhasmadepeoplemoreworryingaboutthecommodityprice.KweichowMao·taiCo.,Ltd.andWuliangyeGroup,asthetwoleadingenterprisesinliquo卜processingindustries,havebeenpushedtoohardbythesituationofpncensmg·KweichowMao—taiCo.,
3、Ltd.andWuliangyeGroup,astheoutstandingrepresentativesof‘Sauce-fragranced’and‘Aroma’liquor,wellknownbothathomeandaboard,havedevelopeddramaticallyandbeenthelargeenterprises.Now,theirvaluesofstocksareoverRMB100billion,takinguphalfmarketsshareofdomestichi.gh—classliquor,whicharealsoexpectedto
4、increaseoverwhelminglyinretailpriceinthecomingyears.EverysingleactivityofthetwoenterpriseshasaprofoundimpactonChineseliquorbrewingindustriesandbeverage—manufacturingindustries.Inordertogetthetwoenterprisesresearchedaccurately,thispapercollectstheirfinancialreportsfrom2006to2010,aswellasth
5、efinancialdataofother10listedcompaniesengagedinliquorbusinessandliquo卜processingincludingLuzhouLaojiaoCo.Ltd.andYangheCo.Ltd.from2006to2010andestablishedbasicfinancialdatabaseofliquorindustry.First,byusingrelatedtheoriesandchartsoffinancialanalysis,thispapercomparesandanalysesthecapacitie
6、sofprofitability,cash—creative,value—creativeanddevelopment,andthecapacityofriskcontr01.Thenthispaperdissectsthechangesoftwoenterprises’ROEbyusingthetheoryofDuPongAnalysisSysteminthecomparativeyear.Finally,byusingthematrixpictureoffinancialstrategy,thispaperlocatestheirparticularfinancial
7、strategicpositionsinthematrixpictureinthecomparingannualyears.Bycomparingandanalyzing,itishopedtofindtheadvantagesanddisadvantagesinthefinancialratiosoftwoenterprises,andtheaveragelevelofthisindustry.Alloftheabove,thepurposeofthisresearchistooffervaluablesuggestions
此文档下载收益归作者所有