Proceedings of the 2019 2nd International Conference on Education, Economics and Social Science (ICEESS 2019)

China Railway Construction Corporation Operating Cash Flow Management Evaluation and Suggestions in Financial Shared Model

Authors
Huiling Cheng, Fengchao Lv, Hua Tang, Ziwen Cheng
Corresponding Author
Fengchao Lv
Available Online October 2019.
DOI
10.2991/iceess-19.2019.82How to use a DOI?
Keywords
financial shared, cash flow management, evaluation, suggestion
Abstract

Operating cash flow management is a quite important component part of the capital management. It’s a reflection of the enterprise’s hematopoietic function, well reflecting the enterprise’s increment of value through their operating activities, and also a reflection of the enterprise’s profit quality. Taking China Railway Construction Corporation (hereinafter referred to as “CRCC”) as an example, this paper has firstly collected and calculated seven indicator data on the corporation’s operating cash flow management during 2012-2017, making a comprehensive evaluation on its operating cash flow management level in the five years after its implementation of financial shared mode by principal component analysis (hereinafter referred to as “PCA”). Secondly, putting forward that net operating cash flow (hereinafter referred to as “NOCF”) is the indicator for measuring a corporation’s operating cash flow management level, this paper has then compared the corporation’s average NOCF in five years before and after its implementation of financial shared mode, coming to a conclusion that the corporation’s operating cash flow management level has significantly improved after it’s implementation of financial shared mode. Finally, this paper has proposed some constructive suggestions on how to better improve a corporation’s operating cash flow management level.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2019 2nd International Conference on Education, Economics and Social Science (ICEESS 2019)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
October 2019
ISBN
10.2991/iceess-19.2019.82
ISSN
2352-5398
DOI
10.2991/iceess-19.2019.82How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Huiling Cheng
AU  - Fengchao Lv
AU  - Hua Tang
AU  - Ziwen Cheng
PY  - 2019/10
DA  - 2019/10
TI  - China Railway Construction Corporation Operating Cash Flow Management Evaluation and Suggestions in Financial Shared Model
BT  - Proceedings of the 2019 2nd International Conference on Education, Economics and Social Science (ICEESS 2019)
PB  - Atlantis Press
SP  - 326
EP  - 331
SN  - 2352-5398
UR  - https://doi.org/10.2991/iceess-19.2019.82
DO  - 10.2991/iceess-19.2019.82
ID  - Cheng2019/10
ER  -