传统的营运资金管理，又称要素营运资金管理，是对现金、存货、应收账款、应

The traditional working capital management, also known as elements of working capital management, is cash, inventory, accounts receivable, accounts payable and other individual accounting project management, the number of days a given period and the number of times to reflect the efficient use of working capital management. Working capital in the traditional sense is a general term liquid assets, including cash and securities, accounts receivable, inventory and so on. Narrow working capital is the difference between current assets of enterprises in a certain time and current liabilities, also known as net working capital. The larger the difference, the more liquid assets in the company after repayment of current liabilities that can be realized in cash, reflecting the company has some solvency. Working capital studied in this paper is based on a narrow understanding of working capital, its content should not be considered simply calculate their net,

The traditional working capital management, also known as factor working capital management, is the management of individual accounting items such as cash, inventory, accounts receivable, accounts payable, etc., and calculates the number of days and times in a certain period of time to reflect the efficiency of working capital use. In the traditional sense, working capital is the general term of liquid assets, including cash and securities, accounts receivable, inventory and so on. Working capital in the narrow sense refers to the difference between current assets and current liabilities, also known as net working capital, over a certain period of time. The greater the difference, the more cash an enterprise can cash in after repaying its current liabilities, reflecting the enterprise's ability to solve its debt. The working capital studied in this paper is based on the understanding of the narrow working capital, and holds that its connotation should not simply be calculated.

Traditional working capital management, also known as factor working capital management, is the management of single accounting items such as cash, inventory, accounts receivable, accounts payable and so on. It calculates the days and times in a certain period to reflect the efficiency of working capital use. Traditionally, working capital is the general term of current assets, mainly including cash and securities, accounts receivable, inventory, etc. In a narrow sense, working capital refers to the difference between current assets and current liabilities within a certain period of time, also known as net working capital. The larger the difference is, the more cash the current assets can realize after paying off the current liabilities, reflecting that the enterprise has certain solvency. The working capital studied in this paper is based on the understanding of working capital in a narrow sense. It is believed that its connotation should not simply calculate its net amount,