Abstract
This paper measures the overall solvency of Zhongguancun NEEQ enterprises through indicators such as asset-liability ratio, cash flow debt ratio, current ratio, etc; and presents the operating capacity of Zhongguancun NEEQ enterprises through indicators such as account receivable turnover days, inventory turnover days, and total asset turnover days. Through corresponding research,we found that the overall debt ratio of Zhongguancun NEEQ enterprises is relatively low and the solvency is good; the fixed assets turnover days, total assets turnover days and other indicators are excellent, and the operating capacity is strong.
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Notes
- 1.
Cash flow to debt ratio = (Generated net cash flow from operations/total debt) × 100%.
- 2.
Among all NEEQ companies in China, 18 companies did not report quick ratio.
- 3.
Forty-four companies (accounting for 4.07%) did not report accounts receivable in 2018, and were not included in this report.
- 4.
In 2019, 216 of 1081 Zhongguancun NEEQ Listed Companies reported zero inventory, and are thus excluded in this report for their inventory turnover in days cannot be calculated.
- 5.
In 2019, 225 of 1081 Zhongguancun NEEQ Listed Companies reported no inventory turnover in days or accounts receivable turnover in days, and are thus excluded in this report for their operating cycle cannot be calculated.
- 6.
In 2018, 15 of 1081 Zhongguancun NEEQ Listed Companies reported no fixed assets, and are thus excluded in this report for their fixed assets turnover in days cannot be calculated.
- 7.
In 2018, 6 of 1081 Zhongguancun NEEQ Listed Companies (0.82%) reported no revenue in 2018, and thus their fixed assets turnover in days cannot be calculated. According to the data of Wind, the total assets turnover of the six companies was recorded as zero.
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Zhongguancun Listed Companies Association (2021). Analysis of the Solvency and Operating Capability of Zhongguancun NEEQ Listed Companies in 2019. In: The Growth Report of Zhongguancun NEEQ Listed Companies (2020). Current Chinese Economic Report Series. Springer, Singapore. https://doi.org/10.1007/978-981-33-6819-4_4
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DOI: https://doi.org/10.1007/978-981-33-6819-4_4
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