Zheng Jianzhuang
School of Business, Zhejiang University City College, No. 50 Huzhou Street, 310015, Hangzhou, China
Li Nan
School of Business, Zhejiang University City College, No. 50 Huzhou Street, 310015, Hangzhou, China
Jin Yuhan
School of Business, Zhejiang University City College, No. 50 Huzhou Street, 310015, Hangzhou, China
ABSTRACT
This study, based on the theory of profit quality, empirically studies earnings quality of textile industry in Zhejiang, China in view of the level of risk, profitability, cash capability and operational capability, which has filled the gap of past research. The main conclusion is to confirm that there is significant explanatory power of consolidated leverage, operating margin, net cash flow of operating activities per share, total asset turnover on profit quality. From the viewpoints of respectively long-term and short-term, more information of the profit quality of clothing and textile industry are obtained. Finally, considering some problems of the industry, recommendations on transparency of information, cost reduction via automatization and cash capacity reinforcement are proposed.
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How to cite this article
Zheng Jianzhuang, Li Nan and Jin Yuhan, 2013. Study on the Profit Quality of the Clothing and Textile Industry: A Case Study of China Listed Companies. Journal of Applied Sciences, 13: 1647-1651.
DOI: 10.3923/jas.2013.1647.1651
URL: https://scialert.net/abstract/?doi=jas.2013.1647.1651
DOI: 10.3923/jas.2013.1647.1651
URL: https://scialert.net/abstract/?doi=jas.2013.1647.1651
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