Paper Title:
An Empirical Analysis on Financial Capability and Operating Performance of China’s Listed Tourism Companies
  Abstract

In this paper, we made an empirical analysis on China's listed tourism companies’ financial capability and operating performance. We used the SPSS software. We could learn the whole process from table 2 to table 5. This is the first time analyzing the relationship between financial capability and operating performance in tourism industry. The result shows that indicator of sales margin ratio has the most important relationship with operating performance, followed by the debt-to-asset ratio, inventory-turnover ratio and receivables-turnover ratio. The result is significant to the development of tourism industry in the future. China’s tourism companies should use the financial leverage moderately and improve the inventory-turnover ratio and receivables-turnover ratio constantly to make the company's operating performance reach to a new height.

  Info
Periodical
Advanced Materials Research (Volumes 204-210)
Edited by
Helen Zhang, Gang Shen and David Jin
Pages
1009-1013
DOI
10.4028/www.scientific.net/AMR.204-210.1009
Citation
J. P. Chen, N. Zhang, "An Empirical Analysis on Financial Capability and Operating Performance of China’s Listed Tourism Companies", Advanced Materials Research, Vols. 204-210, pp. 1009-1013, 2011
Online since
February 2011
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