Grey Correlation Degree Analysis on the Operating Performance of the Tourism Listed Company in China

Abstract

In order to reveal company’s strengths and weaknesses, identify key financial indicators affecting the operating performance, evaluates each company performance. Through grey correlation degree analysis, I selected 18 financial indexes and comprehensively reflected the operating performance of the tourism listed company six items: Profitability, solvency, asset management, growth capacity, capital expansion, and cash flow. The operating performance of the 14 tourism listed company of our country is carried out a comprehensive evaluation and sorting. From the analysis to evaluation results, we obtain the tourism operating performance of listed company is no differences on grey correlation degree, need to further tap the potential of the industry, also find enough reasons of insufficient operating performance after analyzing single index affect operating performance by the grey correlation degree analysis.