A Differential Analysis on Working Capital Management Performance of Listed Company in Liquor Industry

This paper utilizes chain ratio, peak value and one-factor analysis of variance to study listed companies in liquor industry from 2002 to 2008. The results show: working capital management performance of listed company in liquor industry is on a low level overall. Days of working capital of listed companies in liquor industry are declining slowly although they are ups and downs from 2002 to 2008. And there exist the significant differences on working capital management performance among 12 listed companies in liquor industry. This paper thinks that it is possible for listed company in liquor industry to enhance working capital management performance.