攀钢集团钒钛资源股份有限公司现金流量质量分析.docVIP

PAGE PAGE 10 目 录 TOC \o 1-2 \h \u 1701 摘要 II 962 Abstract III 19872 引言 1 21203 一、现金流量质量的内涵及意义 1 26504 （一）现金流量质量的内涵 1 5743 （二）现金流量质量的意义 2 29909 二、攀钢钒钛现金流量的结构分析 2 16834 （一）经营活动现金流量结构分析 2 26194 （二）投资活动现金流量结构分析 3 19338 （三）筹资活动现金流量结构分析 4 1118 三、攀钢钒钛现金流量的财务指标分析 5 15579 （一）现金流量质量在企业获现能力的分析 5 21796 （二）现金流量质量在企业盈利能力的分析 6 18170 （三）现金流量质量在企业偿债能力的分析 7 402 （四）现金流量质量在企业财务弹性的分析 7 8430 四、结论与建议 8 5917 （一）攀钢钒钛现金流量质量的结论 8 12987 （二）提高攀钢钒钛现金流量质量的建议 8 13458 参考文献 10 872 致谢 11 攀钢集团钒钛资源股份有限公司现金流量质量分析 摘 要：现金流量质量体现的是现金流量的优劣情况，是判断企业在一定会计期间内产生的的现金流量按照预期目标进行运转的情况好坏。分析企业的现金流量质量能够帮助企业的管理者做出更准确的企业规划，也能帮助有意向的投资者做出更好的投资选择。本文从攀钢钒钛的经营活动、投资活动以及筹资活动的现金流情况判断现金流量质量好坏，并结合获现能力、盈利能力、偿债能力及财务弹性的财务指标进行分析，得出攀钢钒钛在2014年至2018年间的现金流量质量在逐渐提高的结论。针对这个结论，本文也同时提出了攀钢钒钛可以通过优化投资方向、优化企业结构等方法提升企业的现金流量质量。 关键词：现金流量质量；攀钢钒钛；经营活动 Analysis on Cash Flow Quality of Panzhihua Vanadium and Titanium Resources Co., Ltd Abstract: The quality of cash flow reflects the advantages and disadvantages of cash flow, which is to judge whether the cash flow generated by an enterprise in a certain accounting period operates according to the expected objectives. Analyzing the quality of cash flow can help managers to make more accurate business planning, and also help interested investors to make better investment choices. This paper judges the quality of cash flow from the cash flow of Panzhihua Iron and steel vanadium titaniums business activities, investment activities and financing activities, and analyzes the financial indicators of cash earning ability, profitability, debt paying ability and financial flexibility, and draws the conclusion that the quality of cash flow of Panzhihua Iron and steel vanadium titanium is gradually improving from 2014 to 2018. In view of this conclusion, this paper also proposes that Panzhihua steel vanadium titanium can improve the quality of cash flow by optimizing the investment direction and enterprise structure. Key words: Cash flow quality; Pangang vanadium and tita