Paper Infomation
Financial Risk Evaluation of Automobile Industry Based on Entropy Weight-TOPSIS Method — Taking Company C as an Example
Full Text(PDF, 498KB)
Author: Yue Li
Abstract: As the market competition becomes more intense and the competitive landscape more differentiated and reshaped, green intelligence has become the theme of the second half of the new energy vehicle track. Therefore, enterprises need to control financial risks to help accelerate the realization of strategic transformation and product upgrading. Taking Company C as an example, this paper, based on the financial data from 2013 to 2022, conducts an effective analysis on the financial risk of the enterprise from the four dimensions of fundraising, operation, investment, and growth by using the entropy weight-TOPSIS method. Then, combined with the enterprise's development strategy, sales data and other non-financial information, problems within the risk dimensions of fundraising, operation, investment, and growth are pointed out. Eventually, we propose to optimize the capital structure, improve the accounts receivable and inventory management system, strengthen the cost control, promote technological innovation and improve the core competitiveness of products and other control recommendations, in order to provide reference for the long-term development of the enterprise.
Keywords: Automobile Industry, Entropy Weight-TOPSIS Method, Financial Risk
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