营运资本包括了流动资产和流动负债两个部分，是企业日常财务管理的重要内容。对于一个企业来说，盈利是根本，是发展的保障；盈利能力是核心，是科学发展的体现，持续的盈利能力是关键，是又好又快发展的助推器。企业的又好又快发展，离不开资金的支持，许多著名企业的轰然倒塌，都与资金链的崩盘有关。企业盈利能力不足导致企业竞争力下降，企业竞争力下降导致应收账款增加，应收账款增加导致流动负债增加，流动性负债增加导致银行信用降低，而银行信用的降低，对于企业的融资筹资就更加困难，从而最终导致企业的整个资金链断裂，直至于企业破产倒闭。 当前，我国对营运资本管理的研究更多的是停留在规范性的理论研究，主要从存货、应收账款和应付账款等项目上进行孤立的研究，对实证研究较少，尤其对于营运资本管理与企业价值的关系以及其影响因素方面，缺乏足够的研究。基于此，本文以具体的公司作为研究对象，从时间跨度上进行分析，并与同行业中的龙头企业进行对比分析，试图找到公司在营运资本管理上存在的问题和有待进一步改进的地方，从而提高公司的营运资本管理效率。 文章中第一章绪论部分，主要介绍研究背景及国内外对营运资本管理的研究动态。第二章阐述营运资本的概念和相关理论以及评价指标。第三章介绍XX机床公司的基本情况，并从偿债能力、盈利能力以及营运资本管理的绩效评价进行分析，以发现公司在营运资本管理上存在的问题。第四章则针对公司的实际情况，提出切实可行的营运资本管理方面的一些对策。第五章通过分析，得出公司在营运资本管理上的结论，并对公司的未来的融资政策提出建议。 本文旨在通过当前学术的理论，以公司的财务报表为基础，对该机床公司进行实证研究，分析企业在营运资本管理上存在的问题，并提出相应的解决办法，从而探讨一种可供借鉴的基础装备制造行业的营运资本管理模式。

Working capital includes two parts, current assets and current liabilities is an important part of the daily financial management. For an enterprise, profit is the fundamental, is the guarantee of development; Profitability is the core, is the embodiment of the scientific development, sustained profitability is the key, is the promoter of sound and rapid development. The sound and rapid development of the enterprise, cannot leave the support of funds, many famous companies collapsed, are associated with the collapse of capital chain. Enterprises insufficient profitability declining competitiveness, enterprises competitiveness drop will increase accounts receivable, accounts receivable increase lead to increase in current liabilities, liquidity liabilities increase results in the decrease of bank credit, and bank credit reduced, for enterprise financing is much more difficult to raise, thus eventually lead to the whole enterprise capital chain rupture, until in the enterprise bankruptcy. At present, our country the research of working capital management is more of a pause in the normative theory research, mainly from the inventory, accounts receivable and accounts payable on isolated study, the empirical research is less, especially for working capital management and enterprise value relations and its influence factors, the lack of adequate research. Based on this, this paper with specific companies as the research object, from the time span is analyzed, and compared with the same industry leading enterprises in the analysis, trying to find the company in working capital management problems and needs further improvement, so as to improve the company's working capital management efficiency. Article 1 is the introduction part, mainly introduces the research background and the domestic and foreign research dynamic of working capital management. Article 2 explains the concept of working capital and the related theory and the evaluation index. Article 3 introduces XX machine tool company's basic situation, and from the debt paying ability, profitability and working capital management performance evaluation are analyzed, to find problems in working capital management company. Article 3 in view of the company's actual situation, put forward the working capital management of some feasible countermeasures. Article 5 through the analysis, come to the conclusion that companies in working capital management, and puts forward Suggestions on the future of the company's financing policy. The purpose of this paper is to through the current academic theory, based on the financial statements of the company, to empirical research of the machine tool company, analyses problems in working capital management enterprise, and puts forward corresponding solutions, so as to explore a kind of basic equipment manufacturing industry can be made use of working capital management.