安徽省高端制造上市企业库存影响因素实证分析

An Empirical Study of Inventory Impact Factors of High-end Manufacturing Listed Enterprises in Anhui Province

以安徽省高端制造上市企业为研究对象,对2008—2019年间的库存变化及其影响因素进行了系统考察。结果表明:毛利率、费用比率及企业固定资产比重与库存周转率负相关,营业收入、资产负债率、营业收入同比增长率与库存周转率正相关,且营业收入同比增长率正负不同时库存周转率存在不对称现象。另外,研究还发现宏观经济环境尤其是GDP增长率对库存周转率也有一定影响。

Taking the listed high-end manufacturing enterprises in Anhui Province as the research object,this paper systematically investigates the inventory change and its influencing factors from 2008 to 2019.The results show that the gross profit rate,expense ratio and the proportion of fixed assets are negatively correlated with the inventory turnover rate,while the operating income,asset-liability ratio and the annual growth rate of operating income are positively correlated with the inventory turnover rate,and the annual growth rate of operating income is positive or negative while the inventory turnover rate is asymmetrical.In addition,the study also finds that the macroeconomic environment,especially the GDP growth rate,also has a certain impact on the inventory turnover rate.