- Quy m6 tdi sin ngdn hgn coia Ong ty cd phan thi thao Nova Viet Nam
Du trd hang ten kho nhiEu han &top dim bio qua trinh sin xuat kinh doanh cua
Cling ty duqc lien tpc. Tuy nhien do kha nen tieu thy sin phAm giam, Cr dong nguyen vat liEu se lam thu nhAp giam. Bing ten kho dv frit qui nhieu lam tang chi phi blo quan, chi phi ltru kho. Tir do, lam giam hiEu qui sir dyng tai sin ngin hart
De May duqc re han thug thanh phin trong tai sin non han co mire de anti htrang den hieu qua sir dyng ra sao thi can )(et den cc: cau tai sin ngin han.
— Ca cau tai stin nein him cats Cong ty
Bing 2.6 Ca cau tai sin ngin hon cis Cong ty co phin the thao Nova Vitt Nam
Dan vi tinh: %
Chi Btu Mint 2011 ?Lim 2012 Mitt 2013
TM sin nein h3n 100 100 100
I.Tien vi TDT 6,55 29,99 38,92
II.Cic khoin phii thu ngin h3n 85,46 58,06 51,66
1.Phai thu khach hing 13,63 7,23 12,99
2.Tra truem cho nguei bin 2,40 4,18 2,01
3.Phai thu nOi be ngin han 69,43 46,65 36,66
III.HAng ton kho 7,94 11,94 9,42
IV.Tii sin nein hp khic 0,05 0,01 0
(Ngu n: Tac gia tinh toan)
Bang 2.6 cho thAy ca cau tai sin non han coa C8ng ty co phan the thao Nova nam 2011-2013. Tit sin ngen han cua C8ng ty g6m tien vi Wang Chiang tien, khoin phii thu ngin han, hang ten kho, tai sem nglin han khic. Trong 3 nam t trong the b( phAn cau thanh tang giam phan anh tinh hinh sin xuAt kinh doanh cua doanh nghiEp co nhieu thay dhi vi chju nhiEu anh huang the Ong cua nen kinh to chung. Cy the:
Tien vi Wong dung Trong nam 2011 chiem ca cau khong cao trong tai san ngin hart chi 6,55%. Tuy nhien den nam 2012 vi 2013 tj , tang nay duqc fling len len ltrqt IA 29,99% va 38,92%, cho they Cong ty de tep trong vio dy trfk tien va Luang throng tien. Vic dv trt/ tien vi Luang duang tien v6i ty tong cao nhu voy se lam ler% phi chi phi sir dyng yen vi tien vi Luang throng tien co khi Hang sinh lei thAp, dieu nay cling lam gam thu nhAp coa doanh nghiEp can den lim giam hiEu qua sir dyng tai sin ngin han.
Cac khoin phai thu ngin hen: C6 ca cau gilim den theo to nem 2011-2013. Tuy
nhien yin chiem co cau rat Ian trong tong tai san ngim han cim C6ng ty. Cp the, trong 3 Mm 2011-2013 cc!) trong tren tong tai san ngan han Ian luqt la 85,46%, 58,06%, va 51,66%. Duy tri met trqng qua len trong ding tai san ngin han nhu voy glop thiic day qua trinh tieu thy san phem, nher nal !Ong chinh sach ban hang nhu tang thin gian ma khach hang phai tra nq din den lam tAng doanh thu va tang hieu qua sir dyng tai san ngin han. Nhung clang thEri Ming tang run ro thu h6i cac khoan phai thu ngin han, khi xay ra run ro se lim tang chi phi thu hoi nq lai lam gilun hieu qua sir ding tai san ngin han cila doanh nghiep. Dac blot veri ty tying cao nhu cua Cong ty thi ran ro la rat lan. Chinh vi vay ma ty tong nay duqc Cong ty giam dan trong 3 nem.
Trong cac khoan phai thu ngin han thi phid thu nOi b0 ngan han chitin ty Yong cao nhat va anh huOng nhieu nhAt den khoan phi thu ngin han cling nhu tong tai san nglin han. Cac khoan phai thu nOi be ngin han cim Cling ty la cac khoan von giao cho don vi cep cluti la the ban thi cling ding trinh xey dyng. Val t9 tong tren tong tai san ngin han trong 3 nam !An luqt la 69,43%; 46,65%; 36,66% cho they C6ng ty da ce chinh sach quan 19 chat the cac khoan phai thu nOi be ngin han va giam den ty tong nay giiip fling cao hieu qua sir dyng tai san ngin han cua Cong ty.
Ngoai ra, phi thu Ichich hang cling chiem tog lbn trong co cau tai san ngin han. Nam 2012 ty tong nay da gilun 6,4% (tir 13,63% vao Mm 2011 xueing 7,23% vao nam 2012), cho they Cong ty de quan 19 chat the hon the khoan phai thu khich hang. Tuy nhien, nam 2013 ty' tong nay di tang len 5,76% (tit 7,23% vao Mm 2012 len 12,99% vim Mm 2013). Cac khoan phi thu khach hang an dirge giam sat chat the va can xac dinh duqc thin gian ma chit du to thank toin co ke hoach kiem soat, sir ding yen va tai dau to sir dyng vim vao cac ding trinh lchac. Tranh tinh trong so du khoin phi thu khach hang qua cao !Nen cho Cong ty thieu von va bi dInh tre san xuAt cling nhu lam giam hieu qua sir dyng tai san ngin han.
Hang ton kho: CO co cau trong tong thi san non han lAn luqt trong 3 nam 2011-
2013 la 7,94%, 11,94% va 9,42%. Ty tong nay duqc C8ng ty duy tri trong di& Ian giiip qua trinh san xuAt kinh doanh duqc lien tic se gibe nang cao hieu qua sir dyng tai san ngan han dm Ging ty. Tuy nhien, hang ton kho cua Cong ty tAng cao la do nguyen vat lieu cii bi u dog va ben canh dO, de dap Ling nhu cau cua khach hang nen COng ty
phi nhap them nguyen vat lieu nhap khAu mOi din den lam tang chi phi luu kho, tang chi phi bac) quan. Dieu nay lei lam giiun hieu qua sir dyng tai san ngin han cita doanh
TSNH (15.327.100.653) (15.327.100.653) NVNH (5.247.126.363) NVDH (10.079.974.290)
2.2.2. Chink nick wan 11 tin sen ngin hpn cira Cling ty
Hinh 2.2. Chinh sich quin 19 tii sin ngin h#n cult Cling ty TSNH (10.092.057.849) TSDH (1.079.254.039) NVNH (1.162.685.780) NVDH (10.008.626.108) TSNH (10.936.164.168) TSDH (577.351.593) NVNH (1.449.980.670) NVDH (10.063.535.091) Mtn 2011 Nim 2012 Nem 2013
(Nguon: Tic gii tinh thin due tren bang can doi ke toin cis Cong ty) Trong giai dean nem 2011- 2013, tai sin ngin han dm Cling ty luon chiem t9 trimg rat cao so v6i Si sin dii colt Cong ty. Dieu ray cho they, COng ty lubn tep thing din to vio tii sin ngin lmn nhieu han Si sin dii han vi lien tic tang qua cic nem. Them chi den nem 2013, Si sin ngin han de chi& 100% trong tong tai sin. Val t9 le tii sin nem hen chi& phis 16n trong tong di sin de the hien ding ty quin 1y tai sin ngin han theo chinh sich quip ly then trong. Tuy nhien, viec quart 19 tai sin ngin lum theo chinh sich quin ly them Mpg gip met soft nhittng nhugc diem nhu: Thbi gian quay
yang tien dai, chi phi cao han doanh thu thip din din EBIT thip hon. Chinh sach quan IY nay c6 uu diem la giop C8ng ty giim duqc rui ro tong qui trinh hoat dOng.
Trong giai doan nam 2011-2013 ca cau nguan van cling co sy thay doi. Viec thay din nay den tir sy tang cim nguan von nglin han, con nguan van did hart ctia Cong ty gan nhu Ichong thay doi. Dieu My the hien Cong ty tang huy dOng nguan von nein han de phyc vy hoat clang kinh doanh cua mirth. Dieu My glop Ong ty timg Idta ning cash tranh tren thj twang nhung cling tang chi phi sir dyng von. Chinh vi v#y yeu cau thu nh#p ma doanh nghiep can dat duce cling tang len trong t16 ce you eau ye hieu qui sir dung tai sin ngan han cim doanh nghiep
Chinh sich quin If den coo Cling ty: Ging ty chin sir dyng phuong phip nao di xic djnh lucmg von bang tien can phii dy tit nen khoan tien va tuang duang tien cult °sing ty cif* nhieu hien dOng then timg nam. Cy the:
Cling ty dy tit Itryng tien mat lan tong ca cau tai sin non hen, cao that vao nam 2013 chiem tail 38,92% tong tai sin ngitn han twang throng 5.965.622.256 thing. Dieu nay cho they COng ty dy Wit Itryng tien mat di" dip ling nhu eau thanh toin va c6 the phan ling firth hog tank cic ca hpi dau tu phit sinh ngoai di; ki'en, cling thu Cling ty c6 the dirge huOng cic khoan chiet Idiau thanh totin. Nguyen nhan ma Ging ty thyc hien chinh sich dg trer tien va ttrcmg duang tien len la do Cling ty muon trinh tni ro tim
lath hung colt cuOc kitting holing tai chinh nam 2008 tren town cau nen Cong ty dy ter vao tai sin ngin han c6 that thanh khoin cao that. Tuy nhien lucmg dy tra ben va Wong duang tien qui km lam ling phi chi phi sir dm% vim vi teen vi tuang duang tien c6 !chi nang sinh l&i thap dim den liun giam hieu qua sir dyng tai sin ngin han.
Chinh sich pan hing tan kho: Do mai tnrang kinh to giai doan 2011 — 2013 tang truing ch .*, earth tranh gay gat gitta cic doanh nghiep tong cling ngarth xiiy dyng lim cho sin xuat kinh doanh cim Gang ty cling gap nhieu Iche khan din den nguyen vet lieu cim Gang ty bj it dyng him hang ton kho tang cao. Ben earth d6, di dip
ling nhu cau cita khich hang ma tong giai doan nay ma tong ty da nh#p mua them nguyen vat lieu nuOc ngotli. Cy the: Nam 2012 quy m8 hang ton kho tang manh 62,95% so v6i nam 2011 twang throng 504.753.707 clang va nam 2013 tang 10,52% so v6i nam 2011 twang duang 137.438.467 ding. Hang tan kho tang cao din den chi phi ltru kho, chi phi bio quail tang lam giam hieu qui sir dung tai sin ngin han.
Chinh sich qua l cic khoin phii thy: Cic khoan phiti thu cita COng ty den tir phai thu nglin hart, MI tram cho ngtrin bin va phai thu nOi b0 ngin han.
Trong Mm 2013 phii thu khich hang tang 151,78% twang dining 1.200.207.505 ding so v6i nam 2012 la Cong ty thyc hien n6i 16ng chinh sich bin hang WA ch$m tong d6 co viec nOi long th6i gian ma khich hang phii tri nq. Nguyen ratan la do
Cling ty muon tang the dO tieu thi san phAm, lam gam luting hang ton kho, tiEt ki0m
chi phi km kho, gitip Cong ty quay Wing dirge von va tang hieu qua san xuAt kinh doanh trong de c6 hitu qua sir ding tai san nein hat Tuy nhi'en Cling ty mai chi dva tren uy tin cea khach hang de xic dinh viec cap tin ding cho khach hang din din tang tin ro thu h6i ng doi yeti cac khoitn phai thu khach hang. Khi rai ro xay ra se lam giam hitu qua sir ding tai san ngiin hon colt Ong ty.
Cac khoan tra track cho ngtrei ban doge CEng ty duy tri trong 3 nam the hi'e'n C8ng ty muon to uy tin dei vei ngtrei ban, chuAn bj ngutin nguyen lieu, hang has de qua trinh san xuAt kinh doanh dirge clan ra lien tic.
Cac Icholut phiti thu nOi b0 ngan hon dirt C8ng ty den tir viec cap von cho don vi cep dm% de la cric ban thi cong cong truth. Nam 2012, phtli thu nOi bq ngan han curt
Cling ty giam monh 27,19% so vei nam 2011 Wong throng 504.753.707 thing. Cho they Cong ty da c6 ke hooch quart 15/ giam khoitn phai thu nqi by ngin han giam chi phi sir dung vein va tang hieu qua sir ding tai san nglin Nut. Dieu nay can doge the hien tren co cAu tai san ngan hart khi phii thu non hon nOi b0 da giam din then ffing nam tir 69,43% vao nam 2011 )(wing 46,65% vao nam 2012, va gilun xu6ng can 36,66% vao nam 2013. Tuy nhi'en ty le nay yin can Zr mire rat cao se lam giant hitu qua sir ding tai san ngin hon.
2.2.3. Hied gud A. dung tdi sdn ngin hgn cull Cling ty a phin thi thao Nova Vift Nam giai doge todm 2011-2013 Nam giai doge todm 2011-2013
Cdc chi Mau phein dish nod ming thank todn
Bing 2.7 Cac chi din phin inh khi ning thanh loin
Don vi tinh: Lvn Chi lieu Nam 2011 (1) Mm 2012 (2) Nam 2013 (3) Chinh Itch (4)= (2) — (1) Chenh Itch (5)= (3) — (2) KM nang thanh
toan hitn lath 8,68 8,37
4,77 (0.31) (3.60)
KM Ming thanh to:in nhanh
7,99 '737 4,32 (0.62) (3.05)
Kha fling thanh toan tire theri
0,57 2,51 1,86 1.94 (0.65)
(Nguan: Tcic girt link tocin)