Generally speaking, from a financial point of view, the less you deal with, the better. Less accounts payable means that the company's financial structure is healthy. This basic idea is correct, but it is only the most elementary financial perspective, and a single financial perspective can't help you identify a good enterprise.

For a good business model, judging from the financial point of view, a relatively simple and clear way is to see whether the accounts receivable are small and whether the accounts payable are much larger than the accounts receivable; Not just one year, but the past historical data, if only one year's data is good, then it is very deceptive; A company with a good business model can not only avoid being occupied by funds, but also occupy some funds from suppliers for production and construction. Such a company has relatively high capital utilization efficiency, good cash flow, more cash on hand and relatively low liabilities, resulting in a healthy and sustainable financial situation.

Kweichow Moutai, Gree Electric and custom-made furniture are all typical good business models. Although different industries have different business models, the healthy and sustainable financial situation reflected by accounts receivable, accounts payable and cash flow is the same. Customized furniture products have a high degree of standardization and are more suitable for dealers than direct sales. However, it must also be reminded that from a larger perspective, knowing the model of a good enterprise is not omnipotent, and the key is to grasp the whole company.

The future development direction of customized furniture;

Whole house customization, in fact, even the leading EC officials can't do real whole house customization at present. However, this is not just a slogan, but the future development direction of this industry. But at present, the real whole house customization has far-reaching significance. If any company can take the lead in the three major industries of cabinets, wardrobes and wooden doors first, then the real overlord of customized furniture in the future is expected.

From the perspective of the whole listed company, it is the focus of all companies to consolidate their original business advantages through the funds raised at present. Layout is necessary, but it will not blossom and bear fruit overnight. Sophia's Smee cabinet is a typical example, and many people are worried that the Smee cabinet will not be made. Personally, I think there is absolutely no need to worry. In terms of pattern, it is slightly smaller than Europe. Sophia's management level is absolutely the best in the industry. Just look at the strong performance stability of the company 10 years. However, the cabinet business with the highest customization penetration rate is also the most competitive sub-industry. Sophia's sago cabinet is a Sino-foreign joint venture and plays an important role. The wooden door is the first choice for the whole house customization of Haolaike, which avoids the competitive cabinets and is also a wise choice. In terms of wooden doors, Europa 20 16 earned 200 million yuan, Sophia has just begun to lay out, and the boss's income is not much, and there is much to be done in the future;

The future direction of whole house customization is the whole house customization operation mode with cabinets, wardrobes and wooden doors as the mainstay and other businesses as the supplement. At present, any company that focuses on two of them. Then it is clear here that Europe has the best layout, and all three businesses have achieved results, and the wooden door with the least income also has 200 million income. Therefore, the industry leader is actually Europeanism, and the boss of Europeanism has a very good forward-looking pattern, which is also the core reason why Europeanism can become a leader. Then Sofia. In addition to the obvious advantages of the first two, others are single cabinets and wardrobes, and will gradually join the competition of the three major businesses in the future. Walking on one leg, after all, has its limits. Two legs, or a bike can go further.