Reference calculation formula of working capital loan demand of CBRC

The calculation formula of the CBRC's "Reference for Calculating the Demand for Working Capital Loans" is: amount of working capital-sales revenue of the previous year ×( 1- sales profit rate of the previous year) ×( 1+ estimated times).

Among them, the turnover times of working capital =360/ (inventory turnover days+average collection period-payment turnover days+prepayment turnover days). Turnover days =360/ turnover times. Accounts receivable turnover times = sales revenue/average accounts receivable balance = locked sales revenue/average accounts receivable balance = inventory turnover times = sales cost/average inventory balance.

Prepaid turnover times = cost of sales/average prepaid balance = turnover times of accounts payable = cost of sales! Average balance of accounts payable. According to the traditional financial management theory, we can use factor analysis, sales percentage method and capital habit prediction method to estimate and predict the liquidity needed by enterprises.

On this basis, according to the relationship between working capital and sales revenue, CBRC has given a set of calculation parameters in 20 10 Interim Measures for the Management of Working Capital Loans. This test formula not only helps banks and other financial institutions to strengthen the management and control of working capital loans needed by enterprises through reasonable calculation of working capital loan demand.

It is also convenient for large enterprise group settlement centers or financial companies to manage loans to group members. This paper summarizes the practical experience of more than 50 member units of a large domestic coal enterprise group in applying the calculation formula in the process of internal credit granting, finds that there are still some shortcomings in the application of the calculation formula, and puts forward some concrete suggestions for improvement.