汽车金融公司多维盈利能力分析工具的应用探索

Exploration of the Application of Multidimensional Profitability Analysis Tools for Automotive Finance Companies

本文结合国内外专家针对汽车金融的理论研究和实践，采用主成份分析法选取 ROE、ROA和 RCRA 来构造代表公司盈利能力的综合指数。根据平衡记分卡四维度分析影响汽车金融公司效益指数可能存在的因素，然后运用德尔菲法获取最终指标集，结合汽车金融公司的行业情况，选取影响因子，在现有研究成果的基础上，设计了盈利能力与企业成长性、不良贷款率等相关性的模型，并实证研究 2011-2020 年国内全部 25 家汽车金融公司，分析影响盈利能力的各因子的关系，最后根据研究结论，结合我国汽车金融行业实际情况提出合理的建议。

This article combines the theoretical research and practice of domestic and foreign experts on automotive finance, and uses principal component analysis to select ROE, ROA, and RCRA to construct a comprehensive index representing the company's profitability. Based on the four dimensions of the balanced scorecard, this paper analyzes the possible factors that affect the efficiency index of auto financing companies, and then uses the Delphi method method to obtain the final Index set. Combining the industry situation of auto financing companies, this paper selects the influencing factors. On the basis of the existing research results, this paper designs a model for the correlation between profitability and enterprise growth, non-performing loan ratio, and empirically studies all 25 domestic auto financing companies from 2011 to 2020, Analyze the relationship between various factors that affect profitability, and finally propose reasonable suggestions based on research conclusions and the actual situation of China's automotive finance industry.