摘要营运能力的研究，能够对提高企业的营运能力，发现并解决潜于财务背后的问题，有利于降低其融资成本，增强企业竞争力。本文采取理论知识与实际案例相结合的方式，通过对比分析法进行研究。以广州浪奇为研究主体，以营运能力为研究方向。首先阐述相关理论，其次介绍广州浪奇的公司背景，按照其近五年的财务报告提取相关数据，对总资产周转率、应收账款周转率、存货周转率等六项指标来分析研究广州浪奇的资金周转情况。根据现状对广州浪奇的营运能力进行分析研究，发现其存在着总资产周转率趋于下降、应收账款周转率偏低、产量过剩及产品滞销、存货管理机制不健全的问题。最后提出以下建议：HYPERLINK\l_Toc958_WPSOffice_Level2加快流动资金周转，加快应收账款回收；HYPERLINK\l_Toc13311_WPSOffice_Level2控制产量并提高销量；完善存货管理机制。关键词：营运能力应收账款周转率存货周转率总资产周转率流动资产周转率AbstractResearchonoperationalcapabilitiescanimprovecompany'soperationalcapabilities,identifyandresolvefinancialissues,andhelpreduceitsfinancingcostsandenhancecompetitiveness.Thisarticleadoptsthemethodofcombiningtheoreticalanalysisandcase,mainlyusingcomparativeanalysis.TakesLonkeyastheresearchsubjectandoperatingcapacityastheresearchdirection.Firstly,explainsrelevantknowledge.Secondly,introducesLonkey’sbasicsituation.Thenaccordingtoitsfinancialreportformthelastfiveyears,extractscorrespondingdata.Throughsixindicatorssuchastotalassetturnoverratio,receivablesturnoverratioandinventoryturnoverratio,analyzestheenterprisecapitalturnoversituation.Oncemore,accordingtothecurrentsituation,analyzestheenterpriseoperationabilityofLonkey,andfindsoutthatitstotalassetturnovertendstodecline,theaccountsreceivableturnoverratioislow,theproductionistoomuchanditcan’tbesoldout,andinventorymanagementmechanismisunsound.Finally,makesthefollowingcomments.Speedsupliquidityturnover.Speedsupthecollectionofreceivables.Controlsoutputandincreasesales.Improvesinventorymanagementmechanism.Keywords:OperatingCapacityReceivablesturnoverInventoryturnoverTotalAssetTurnoverCurrentAssetsTurnover目录HYPERLINK\l_Toc16921_WPSOffice_Level1一、引言1HYPERLINK\l_Toc31460_WPSOffice_Level1二、营运能力分析的相关理论1HYPERLINK\l_Toc24853_WPSOffice_Level2（一）营运能力分析的内涵1HYPERLINK\l_Toc3577_WPSOffice_Level2（二）营运能力分析的意义1HYPERLINK\l_Toc30036_WPSOffice_Level2（三）营运能力分析的相关指标2HYPERLINK\l_Toc4063_WPSOffice_Level1三、广州浪奇的营运能力现状分析3HYPERLINK\l_Toc15963_WPSOffice_Level2（一）广州浪奇简介3HYPERLINK\l_Toc104