【正文】 mited, so su ning to makes lots of management platform， in order to support the construction of the urban construction in the same after other stores of logistics and management. This makes su ning expansion strategy initial cost of relatively high. Cunent assets lumover is enterprise39。 該比率的下降與蘇寧在 2020 年大規(guī)模幵張新店有 S 接的艾系。存貨周轉(zhuǎn)狀況也吋以刖存貨天數(shù)來(lái)農(nóng)示，即表示存貨周轉(zhuǎn) ? 次所需要的時(shí)間 ， 天數(shù)越短，說(shuō)明存貨周轉(zhuǎn)越快。 本文提出的分析框架具有普遍適用性，為房地產(chǎn)企業(yè)以及其他行業(yè)企業(yè)的管理析 在做有關(guān)營(yíng)運(yùn)決策時(shí)提供撾化的依據(jù)和分析思路。與商業(yè)地產(chǎn)和工業(yè)地產(chǎn)相比，住宅性地產(chǎn)的利潤(rùn) 率較低，岡此力 ?科的銷售收入毛利率盡管逐年增長(zhǎng)，但 iri 高時(shí)仍不過(guò) 41 %左右， 而陸家嘴的丨 :地 批和收入毛利率可高達(dá) 80%，屮糧地產(chǎn)的來(lái)料加丨 .收入毛利率 也能達(dá)到 75%。相應(yīng)地，存貨周轉(zhuǎn)天數(shù)山 24 天延長(zhǎng)到 35 天。這使得蘇寧擴(kuò)張 戰(zhàn)略的初始成本相對(duì)較高。t bring the same margin large increase of sales ine growth, so current assets turnover in 2020 dropped by the 2020 , explain the efficiency in the use of su ning liquid assets declined. Fixed asset turnover is mainly used for analysis of fixed assets such as factory buildings, equipmenl, the ratio of the ulili/alion elllciency of ihe higher and higher, explain utilization, management level, the better. If the fixed asset turnover pared with industry average low, then explaining enterprise of fixed assets utilization is low, might affect ihe enterprise profitability. It reflects enterprise asset utilization degree. Fixed asset turnover ratio = sales revenue/average value of fixed assets The average value of fixed assets = (initial equity + final equity) voting 2 Enterprise inside certain period advocate business wu ine with average current assets ratio of total asset utilization, is appraise enterprise another important indexes. It reflects the enterprise liquid assets turnover rate from enterprise all assets, liquidity of the strongest in current assets Angle of enterprise assets utilization efficiency, in order to further analyze the quality of enterprise assets reveals acoustics major factor. Current assets turnover means certain period for a year) (usually ihe main business ine and total migrant assets ratio of the average , can through to inventory turnover and accounts receivable further analysis of How asset turnover ratio changes. Suning in stock sales primarily, therefore, accounts receivable accounted for only the liquidity, and inventory 50% %. Inventory turnover refers to enterprises and inventory cost of sales average balance ratio. For real estate industry inventory turnover is a very key indicators, real estate industry is very special. Usually, inventory turnover is the sooner the better, and real estate industry inventory quantity bigger, the s