摘要:在后經濟危機時代，以現金流為中心的財務管理模式以其獨特的優勢正逐漸超越利潤導向型的財務管理模式，越來越受到人們重視。現金流是企業的“血液”，同時也是企業發展的根本保證。現金流是否合理，不僅影響企業日常的生產經營，同時還影響著企業今后的長遠發展、市場競爭力的提高以及盈利能力的增強。

　　　本文首先采用文獻研究的方法，通過對收集到的文獻資料進行歸納分析，對現金流及相關內容有了初步的了解。然后對現金流管理的理論進行系統的闡述。最后，采用實例分析方法，對徐工集團的財務數據進行統計分析，并根據分析結果對企業現金流管理的現狀進行定性得出企業所處的生命周期為衰落階段，在此基礎上構建現金流量考核指標體系對企業的流動性、獲現能力、財務彈性、償債能力、盈利質量、現金流量結構進行分析，指出企業現金流管理存在的企業償債能力不足、持有大量應收賬款等問題，并提出采取包括加強現金流預算，嚴格內部控制制度，加強應收賬款管理等相應優化措施進行現金流管理的改進。

關鍵詞 現金流；現金流管理；比率分析

Abstract:In the post-economic crisis era, the cash flow as the center of the financial management mode with its unique advantage is gradually beyond profit oriented financial management mode, has been receiving more and more attention. Cash flow is the blood of enterprise, is also the fundamental guarantee of the enterprise development. Cash flow is reasonable, not only affects the enterprise daily production management, but also affects the long-term development of enterprises in the future, the market competitiveness and the enhancement of profitability.

　　　Firstly, literature research, have a preliminary understanding through inductive analysis of the collected documents, cash flow and related content. And systematic exposition of the theory of cash flow management. Finally, the case study method, on the the XCMG financial data for statistical analysis, and qualitative obtains the life cycle for the decline stage according to the analysis of the present situation of the enterprise cash flow management, based on the construction of evaluation index system of cash flow liquidity in the enterprise, ability to obtain cash, financial flexibility, solvency, profitability, cash flow structure analysis of quality, pointed out the existence of enterprise cash flow management enterprise debt paying ability is insufficient, holding a large number of accounts receivable and other problems, and puts forward the including strengthening cash flow budget, strict internal control system, strengthen the improvement should be the corresponding optimization measures of accounts receivable management, cash flow management.

Keywords  Cash Flow  Cash Flow Management  Ratio Analysis