【正文】
rom 24 days extended to 35 days. Inventory liquidation speed decreased obviously, explain suning sales ability may exist problems down or inventory cxcess. Accounts receivable lurnover refers to the enterprise certain period ine and accounts receivable credit average balancc ratio. Il reflects the pany obtained the account receivable from the right to withdraw money, can be converted into cash needed the length of lime. Accounls receivable turnover can be used to estimate the accounts receivable converted speed and managcml efficiency. Recovery quickly can save money, also shows that enterprise credit situation is good, nol easy loss of bad happened. Generally believe that the higher the turnover of the index measure enterprise accounts receivable into cash speed. Because credit sales ine can39。s shortterm solvency will also strengthen, in some extent could pensate for the currenl ratio low adverse impact. If ihe enterprise rcceivablcs turnover is too low, then explaining enterprise collection receivable inefficient or credit policy very loose, affect ihe enterprise use of ihe capital and capital normal turnover. On real estate enterprise operation ability of financial analysis framework can mainly from three aspects: building management ability index, accounts receivable turnover and working capital turnover rate. In these three respects based on real estate enterprise bining the characteristics, the selection of the appropriate financial index on real estate enterprises1 operating capability evaluation. This paper puts forward the analysis framework of general applicability, for real estate enterprises and other enterprises in ihe operation ol. the managers do provide quantilative basis for decisionmaking and analysis methods. Through the case analysis can be found lhat, because the influence of assets turnover rate, total assets yield level but not necessarily advocate business wu ine con si stenl wilh gross margin. And mercial real estate and industrial real estale, residential real estate than sex where profit margins, so vanke’s sales inc margin increased year by year, but despite highest when still about 41%, but the lujiazui, and ihe land is provided ine can be as high as 80% gross margin, cofco property of materials processing ine also can achieve 75% gross margin. From the trend, the ines of the three panies are in growth state gross margin. Bui because ihe operating cash flow is low, the efficiency high profit margins of the lujiazui and cofco real