Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 30 , 10 November 2023
Open
Access | Article
Study on Financial Competitiveness of Listed Companies in New Energy Vehicle Industry —— BYD as an Example
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Abstract
As the environmental problems are becoming more and more severe, people attach more importance to environmental protection, boosting the heat of new energy cars. BYD takes the trend and becomes one of the leading companies in the new energy vehicle industry. This passage will take a deep look into BYD’s financial data and develop a ratio analysis of the company. First, it will use the data from its financial reports from five years (2017-2021) to calculate its ratios in the four aspects: solvency, profitability, operating capacity, and growth capabilities. Compared according to the timeline, the company’s changes are clearer. The trend of increasing or decreasing is shown directly. Then it will use the data in 2021 to compare to the average of the industry, locating the company itself in the industry. By doing the comparison, as BYD is expected to perform better than the average as it is one of the leading companies, whether BYD needs improvement is demonstrated. This research can offer a view of BYD in the new energy vehicle industry, with an analysis of how it behaves and how to improve.
Keywords
financial analysis, BYD company limited, new energy vehicle industry, ratio analysis
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-081-3
- ISBN (Online)
- 978-1-83558-082-0
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/30/20231441
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited