Profitability and economic value added of the coffee product manufacturing sector in Colombia
DOI:
https://doi.org/10.18041/1657-2815/libreempresa.2022v19n1.9420Keywords:
Economic value added (EVA);, Market value added, Efficiency financial indicators, Financial indicators of effectiveness, Financial efficiency indicators, Coffee products manufacturing sectorAbstract
This study aims to examine the financial management of the company in the coffee product manufacturing sector in Colombia in the period 2015 - 2020, using as a methodology the static and trend analysis of accounting and value management indicators that measure its growth, profitability and economic value added (EVA), that are compared comparing with similar companies in the national sphere and in emerging countries. It is found that the company in this sector increases its sales and assets and fluctuates its net profit; achieves accounting returns influenced to a great extent by the behavior of the efficiency in the control of expenses; In addition, it creates value because the average cost of capital is higher than the average return after taxes on net operating assets. The EVA follows the orientation of the profitability after taxes of the operating net assets and the operating profit margin after taxes, confirming the remarkable efficiency in the control of costs and expenses on the financial performance of the company in this sector, although efficiency in the use of net operating assets was also important in the results of the EVA.
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