后疫情时代住宿餐饮企业财务风险应对探析

Financial Risks of Accommodation and Catering Enterprises and Countermeasures in the Post-epidemic Era

以上市A股的住宿餐饮企业为样本,选取其2017—2021年连续5年的年末报表数据,基于Z-Score模型研究新冠疫情流行期间住宿餐饮业的财务风险。通过对Z-Score模型4个变量和Z值的分析发现,新冠疫情流行期间住宿餐饮企业短期偿债能力、发展能力、盈利能力下降,资本结构不太稳健,大多数企业的财务状况处于风险区,财务状况不佳、破产可能性大。后疫情时代,防控进入新阶段,企业应做好财务风险应对措施:加强对流动资产的管理,增加销售收入的同时降低营运成本;调整自身战略规划,进行多元化经营和数字化转型,提高企业抗风险能力。

This paper takes the listed A-share accommodation and catering enterprises as samples,selects the data of their yearend reports of five consecutive years from 2017 to 2021,and studies the financial risks of the accommodation and catering industry during the Covid-19 epidemic based on the Z-Score model.Through the analysis of the four variables and the Z value of the Z-Score model,it is found that during the epidemic,the short-term solvency,development ability and profitability of accommodation and catering enterprises declined,and the capital structure was not very stable.Most enterprises were in a risk zone with poor financial conditions and a high probability of bankruptcy.In the post-epidemic era,the prevention and control of Covid-19 infection has entered a new stage,and the enterprises should take effective measures in response to the financial risks:to improve the management of current assets,to increase sales revenue while reducing operating costs,to adjust their own strategic planning,to carry out diversified operations and digital transformation,and to improve the anti-risk ability.