Keywords
EVA
market value added
efficiency
efficacy
profitability
cocoa
chocolate
confectionery EVA
valor de mercado agregado
eficiencia
eficacia
rentabilidad
cacao
chocolate
confitería
market value added
efficiency
efficacy
profitability
cocoa
chocolate
confectionery EVA
valor de mercado agregado
eficiencia
eficacia
rentabilidad
cacao
chocolate
confitería
How to Cite
Rivera Godoy, J. A., Cuasquen Mera , A. M., & Patiño Bolaños, D. C. (2022). Financial performance of the cocoa, chocolate and confectionery products factory in Colombia. Vía Innova, 9(1), 29–46. https://doi.org/10.23850/2422068X.4874
Abstract
The objective of the research is to evaluate the financial performance of the cocoa, chocolate and confectionery factory 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, its efficiency in the use of assets, its efficacy in controlling costs and expenses, its effectiveness in achieving profits and its Economic Value Added (EVA), which are contrasted with similar companies at the national level and in other countries emerging. It is found that in the factory of this sector, its sales, assets and net profit fluctuate; 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 on average the cost of capital is exceeded by the 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 relevance of the behavior of the efficacy in the control of costs and expenses on the financial performance of the company in this sector. When compared with the factory with the highest sales in this sector in Colombia, it is found that the latter surpasses it in effectiveness and efficiency; as, also, it is surpassed by the equivalent factory in emerging countries in effectiveness, efficiency, efficacy, and value creation per monetary unit invested.
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