酿酒行业上市公司财务竞争力评价

The Financial Competitiveness Evaluation of Listed Companies of Liquor Industry

财务竞争力是企业资金运行所表现出来的综合财务能力,在扩大内需和消费升级的推动下,酿酒行业的财务能力明显强于其他多数行业;采用因子分析法对2010年酿酒行业上市公司的财务竞争力进行实证研究,有12家公司的因子综合得分为正,财务竞争力较强,贵州茅台、洋河股份、五粮液分别位居前三,14家公司的因子综合得分为负,财务竞争力较弱,三家ST公司垫底;采用K-聚类分析方法对样本公司的因子得分进行分类,将酿酒行业上市公司财务竞争力分为五类;投资者和企业管理者应关注影响财务竞争力的主要因子。

Financial competitiveness is the consolidated financial ability of an enterprise,which can be demonstrated by its capital operation.The financial capacity of the liquor industry is much stronger than that of most other industries due to the expanding domestic demand and consumption upgrading of China.In this study,factor analysis is used to empirically research the financial competitiveness of the listed companies of liquor industry in 2010 with the SPSS17.0 software.The outcome is that the composite scores of twelve companies are positive.That means their financial competitiveness is strong.Among them,Maotai,Yanghe and Wuliangye brands are ranked in the top three.At the same time,the composite scores of other fourteen companies are negative.That means their financial competitiveness is weak.Among them,three ST companies rank last.Factor scores of the sample are classified using K-cluster analysis method.The companies are divided into five categories based on their financial competitiveness.Investors and business managers should be concerned about the main factor affecting the financial competitiveness and make better decisions.