As of March 2020, around 95 percent of the surveyed catering enterprises in China had already experienced or expected a financial shortage in the next twelve months. The lack of cash flow was a reason for the financial shortfall. About 70 percent of the catering enterprises expected a year-on-year decrease of more than 70 percent in the first quarter of 2020.
Predicted risk of financial shortage in the next twelve months after coronavirus COVID-19 among catering enterprises in China as of March 2020
The survey was conducted among respondents from 26 major cities and provinces. Among all respondents:
74 percent were private-owned, 11 percent were state-owned or state-funded, 5 percent were foreign or Hongkong-Macau-Taiwan funded, 10 percent were owned by other investors.
About 44 percent were sit-down restaurants, about 27 percent were fast-food.
About 58 percent had an annual income scale of fewer than 100 million yuan, 13 percent between 100 million and 250 million yuan, 16 percent more than one billion yuan.
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Deloitte. (March 27, 2020). Predicted risk of financial shortage in the next twelve months after coronavirus COVID-19 among catering enterprises in China as of March 2020 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1124579/china-expected-financial-shortage-due-to-covid-19-among-catering-enterprises/
Deloitte. "Predicted risk of financial shortage in the next twelve months after coronavirus COVID-19 among catering enterprises in China as of March 2020." Chart. March 27, 2020. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1124579/china-expected-financial-shortage-due-to-covid-19-among-catering-enterprises/
Deloitte. (2020). Predicted risk of financial shortage in the next twelve months after coronavirus COVID-19 among catering enterprises in China as of March 2020. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1124579/china-expected-financial-shortage-due-to-covid-19-among-catering-enterprises/
Deloitte. "Predicted Risk of Financial Shortage in The next Twelve Months after Coronavirus Covid-19 among Catering Enterprises in China as of March 2020." Statista, Statista Inc., 27 Mar 2020, https://www.statista.com/statistics/1124579/china-expected-financial-shortage-due-to-covid-19-among-catering-enterprises/
Deloitte, Predicted risk of financial shortage in the next twelve months after coronavirus COVID-19 among catering enterprises in China as of March 2020 Statista, https://www.statista.com/statistics/1124579/china-expected-financial-shortage-due-to-covid-19-among-catering-enterprises/ (last visited December 23, 2024)
Predicted risk of financial shortage in the next twelve months after coronavirus COVID-19 among catering enterprises in China as of March 2020 [Graph], Deloitte, March 27, 2020. [Online]. Available: https://www.statista.com/statistics/1124579/china-expected-financial-shortage-due-to-covid-19-among-catering-enterprises/
