Briefly describe the principles of financial analysis of hotel management.

When analyzing the financial ratio, we should make a comprehensive analysis of similar indicators. ① When analyzing the company's short-term solvency, we should combine the current ratio index with the company's nature and industry characteristics. For example, a high current ratio means that each yuan of current liabilities has more current assets guarantee, that is, the company has strong solvency. However, the current ratio is greatly influenced by the ratio of accounts receivable to current assets and inventory turnover rate. At the same time, when analyzing the short-term solvency, it is necessary to comprehensively analyze the nature of the company and other operating environment factors. ② When analyzing the company's long-term solvency, we should combine the indicators of asset-liability ratio and return on assets. The asset-liability ratio is an indicator of the company's long-term solvency, which is low, reflecting the light debt burden, low pressure on debt service and relatively stable financial situation. However, if the company's return on assets is relatively high, it shows that the profitability of assets is strong, the utilization efficiency of assets is good, and moderate debt management is beneficial to shareholders. The asset-liability ratio of such companies can be relatively high. ③ When analyzing the company's profitability, we should combine earnings per share with return on assets. To evaluate the profitability of a company, there are two main indicators: earnings per share and return on net assets. However, low earnings per share does not necessarily mean high return on net assets, and high return on net assets does not necessarily mean high earnings per share. In the case of issuing company shares at a premium, the return on net assets can better reflect the overall profitability of the company and the ability of operators to use capital. (4) When analyzing the company's dividend plan, profit distribution should be distinguished from the use of provident fund, especially the use of capital reserve fund to send shares. Dividends can be realized through after-tax profits or provident fund. In the case of good business performance, companies generally use after-tax profits to pay dividends or send shares as a return to investors. Capital accumulation fund generally comes from stock premium issuance or asset revaluation, which has nothing to do with the company's current performance and can be carried out at any time. The significance of these two regression methods is different.