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Auto-repuestos Ardaya

Balance de situacin
(En Bolivianos)

AOS ANALISIS VERTICAL


BALANCE GENERAL
2010 2011 2012 2010
ACTIVO
Activo Corriente
Disponible 31,328,388.00 43,567,564.00 54,409,848.00 3.16%
Exigible 34,313,342.00 37,027,087.00 41,688,403.00 3.46%
Cuentas por cobrar empresa relacionada 78,840,209.00 103,245,097.00 129,694,932.00 7.94%
Otras cuentas por cobrar 1,755,167.00 1,537,229.00 1,927,805.00 0.18%
inventario 200,008,308.00 217,074,120.00 219,681,346.00 20.15%
Pagos anticipados 4,676,875.00 12,567,346.00 15,405,242.00 0.47%
Total Activo Corriente 350,922,289.00 415,018,443.00 462,807,576.00 35.35%
Activo No Corriente
Activo Fijo Neto 614,802,778.00 576,391,856.00 632,327,380.00 61.94%
Inverciones 476,694.00 584,672.00 678,084.00 0.05%
Intangibles 26,450,435.00 23,757,648.00 22,843,776.00 2.66%
Total Activo No Corriente 641,729,907.00 600,734,176.00 655,849,240.00 64.65%
Total Activos 992,652,196.00 1,015,752,619.00 1,118,656,816.00 100.00%
Pasivos Corriente
Proveedores 1,200,678.00 1,576,345.00 1,488,286.00 0.12%
Obligaciones Bancarias 113,877,684.00 119,654,722.00 117,567,449.00 11.47%
Obligaciones Sociales y Fiscales 41,463,518.00 43,742,728.00 72,936,845.00 4.18%
Proveedores 97,741,863.00 95,267,926.00 99,171,011.00 9.85%
Otras Cuentas Por Pagar 32,218,882.00 32,577,882.00 44,242,452.00 3.25%
Cuentas Por Pagar Empresas Relacionadas 17,890,281.00 28,976,356.00 29,186,066.00 1.80%
Total Pasivo Corriente 304,392,906.00 321,795,959.00 364,592,109.00 30.66%
Pasivo No Corriente
Obligaciones Bancarias 113,877,684.00 119,773,567.00 104,047,360.00 11.47%
Bonos por Pagar 6,000,000.00 5,800,350.00 739,466.00 0.60%
Previsiones 18,215,572.00 19,365,751.00 24,413,104.00 1.84%
Total Pasivo No Corriente 138,093,256.00 144,939,668.00 129,199,930.00 13.91%
TOTAL PASIVO 442,486,162.00 466,735,627.00 493,792,039.00 44.58%
Capital Pagado 436,512,300.00 436,550,000.00 436,651,300.00 43.97%
Ajuste de Capital 41,181,762.00 41,183,678.00 88,167,750.00 4.15%
Reservas 26,783,579.00 24,889,567.00 31,257,650.00 2.70%
Resultado Acumulado 45,688,393.00 46,393,747.00 68,788,077.00 4.60%
Total Patrimonio Neto 550,166,034.00 549,016,992.00 624,864,777.00 55.42%
Total del Pasivo y Patrimonio Neto 992,652,196.00 1,015,752,619.00 1,118,656,816.00 100.00%

Auto-repuestos Ardaya
Periodo Terminado Para los ejercicios 2010-2012

AOS ANALISIS VERTICAL


CONCEPTO
2010 2011 2012 2010
Ventas de Productos 1,421,085,613.00 1,607,219,627.00 1,901,648,729.00 100%
Costos de Ventas 1,164,097,567.00 1,178,826,389.00 1,567,951,476.00 82%
Utilidad bruta 256,988,046.00 428,393,238.00 333,697,253.00 18%
GASTOS DE OPERACIN
Gastos de Administracion 43,748,965.00 48,012,703.00 60,276,854.00 3%
Gastos de Ventas 119,592,042.00 110,538,753.00 132,005,988.00 8%
Gastos Tributaios 46,614,432.00 51,056,751.00 62,839,109.00 3%
Total Gastos de Operacin 209,955,439.00 209,608,207.00 255,121,951.00 8%
Resultado de Operaciones 47,032,607.00 218,785,031.00 78,575,302.00 3%
OTROS INGRESOS (EGRESOS)
Ingresos Financieros 502,857.00 2,135,866.00 2,392,814.00 0%
Gastos Financieros 14,519,138.00 24,488,313.00 92,218,835.00 1%
Otros Ingresos 31,933,482.00 38,552,885.00 41,137,494.00 2%
Otros Egresos 17,254,568.00 6,213,889.00 8,805,302.00 1%
Resultado por exposicion a la inflacion 1,750,813.00 3,859,845.00 10,186,881.00 0%
Total Otros Ingresos 2,413,446.00 13,846,394.00 -47,306,948.00 0%
UTILIDAD ANTES DEL IMPUESTO A LA UTILIDAD 49,446,053.00 232,631,425.00 31,268,354.00 3%
Impuesto Antes del Impuesto de las Empresas 25% 29,061,567.00 31,909,223.00 36,687,693.00 2%
UTILIDAD DEL EJERCICIO 20,384,486.00 200,722,202.00 -5,419,339.00 1%
ANALISIS HORIZONTAL
ANALISIS VERTICAL
VAL.ABSOL. VAL.RELAT. INDIC. VAL.ABSOL. VAL.RELAT. INDIC.
2011 2012 AO 2010-2011 AO 2011-2012

4.29% 4.86% 12,239,176.00 39.07% 1.39 10,842,284.00 24.89% 1.25


3.65% 3.73% 2,713,745.00 7.91% 1.08 4,661,316.00 12.59% 1.13
10.16% 11.59% 24,404,888.00 30.95% 1.31 26,449,835.00 25.62% 1.26
0.15% 0.17% -217,938.00 -12.42% 0.88 390,576.00 25.41% 1.25
21.37% 19.64% 17,065,812.00 8.53% 1.09 2,607,226.00 1.20% 1.01
1.24% 1.38% 7,890,471.00 168.71% 2.69 2,837,896.00 22.58% 1.23
40.86% 41.37% 64,096,154.00 18.27% 1.18 47,789,133.00 11.51% 1.12

56.75% 56.53% -38,410,922.00 -6.25% 0.94 55,935,524.00 9.70% 1.10


0.06% 0.06% 107,978.00 22.65% 1.23 93,412.00 15.98% 1.16
2.34% 2.04% -2,692,787.00 -10.18% 0.90 -913,872.00 -3.85% 0.96
59.14% 58.63% -40,995,731.00 -6.39% 0.94 55,115,064.00 9.17% 1.09
100.00% 100.00% 23,100,423.00 2.33% 1.02 102,904,197.00 10.13% 1.10

0.16% 0.13% 375,667.00 31.29% 1.31 -88,059.00 -5.59% 0.94


11.78% 10.51% 5,777,038.00 5.07% 1.05 -2,087,273.00 -1.74% 0.98
4.31% 6.52% 2,279,210.00 5.50% 1.05 29,194,117.00 66.74% 1.67
9.38% 8.87% -2,473,937.00 -2.53% 0.97 3,903,085.00 4.10% 1.04
3.21% 3.95% 359,000.00 1.11% 1.01 11,664,570.00 35.81% 1.36
2.85% 2.61% 11,086,075.00 61.97% 1.62 209,710.00 0.72% 1.01
31.68% 32.59% 17,403,053.00 5.72% 1.06 42,796,150.00 13.30% 1.13

11.79% 9.30% 5,895,883.00 5.18% 1.05 -15,726,207.00 -13.13% 0.87


0.57% 0.07% -199,650.00 -3.33% 0.97 -5,060,884.00 -87.25% 0.13
1.91% 2.18% 1,150,179.00 6.31% 1.06 5,047,353.00 26.06% 1.26
14.27% 11.55% 6,846,412.00 4.96% 1.05 -15,739,738.00 -10.86% 0.89
45.95% 44.14% 24,249,465.00 5.48% 1.05 27,056,412.00 5.80% 1.06
42.98% 39.03% 37,700.00 0.01% 1.00 101,300.00 0.02% 1.00
4.05% 7.88% 1,916.00 0.00% 1.00 46,984,072.00 114.08% 2.14
2.45% 2.79% -1,894,012.00 -7.07% 0.93 6,368,083.00 25.59% 1.26
4.57% 6.15% 705,354.00 1.54% 1.02 22,394,330.00 48.27% 1.48
54.05% 55.86% -1,149,042.00 -0.21% 1.00 75,847,785.00 13.82% 1.14
100.00% 100.00% 23,100,423.00 2.33% 1.02 102,904,197.00 10.13% 1.10

ANALISIS HORIZONTAL
ANALISIS VERTICAL
AO 2010-2011 AO 2011-2012
2011 2012 VAL.ABSOL. VAL.RELAT. INDIC. VAL.ABSOL. VAL.RELAT. INDIC.
100% 100% 186,134,014 0.13 13.10 294,429,102.00 0.18 18.32
73% 82% 14,728,822 0.01 1.27 389,125,087.00 0.33 33.01
27% 18% 171,405,192 0.67 66.70 -94,695,985.00 -0.22 -22.10

3% 3% 4,263,738 0.10 9.75 12,264,151.00 0.26 25.54


7% 7% -9,053,289 -0.08 -7.57 21,467,235.00 0.19 19.42
3% 3% 4,442,319 0.10 9.53 11,782,358.00 0.23 23.08
13% 13% -347,232 0.00 -0.17 45,513,744.00 0.22 21.71
14% 4% 171,752,424 3.65 365.18 -140,209,729.00 -0.64 -64.09

0% 0% 1,633,009 3.25 324.75 256,948.00 0.12 12.03


2% 5% 9,969,175 0.69 68.66 67,730,522.00 2.77 276.58
2% 2% 6,619,403 0.21 20.73 2,584,609.00 0.07 6.70
0% 0% -11,040,679 -0.64 -63.99 2,591,413.00 0.42 41.70
0% 1% 2,109,032 1.20 120.46 6,327,036.00 1.64 163.92
1% -2% 11,432,948 4.74 473.72 -61,153,342.00 -4.42 -441.66
14% 2% 183,185,372 3.70 370.48 -201,363,071.00 -0.87 -86.56
2% 2% 2,847,656 0.10 9.80 4,778,470.00 0.15 14.98
12% 0% 180,337,716 8.85 884.68 -206,141,541.00 -1.03 -102.70
ANALISIS BASE COMUN ESTADO DE ORIGEN Y APLICACIN DE FONDOS "BASE EFECTIVO"
ESTADO DE ORIGEN Y APLICAC

2010 2011 2012 GESTION 2010-2011 GESTION 2011-2012 GESTION 2010-2


ORIGEN APLICACIN ORIGEN APLICACIN ORIGEN

100.00% 139% 125% 10.10 12,239,176.00 59.20 10,842,284.00


100.00% 108% 113% 0.00 2,713,745.00 245.30 4,661,316.00
100.00% 131% 126% 0.00 24,404,888.00 0.00 26,449,835.00
100.00% 88% 125% -217,938.00 0.00 0.00 390,576.00
100.00% 109% 101% 17,065,812.00 2,607,226.00
100.00% 269% 123% 0.00 7,890,471.00 0.00 2,837,896.00
100.00% 118% 112%
0.00 0.00 0.00
100.00% 94% 110% -38,410,922.00 0.00 0.00 55,935,524.00
100.00% 123% 116% 0.00 107,978.00 0.00 93,412.00
100.00% 90% 96% -2,692,787.00 0.00 69.30 0.00
100.00% 94% 109%
100.00% 102% 110%

100.00% 131% 94%


100.00% 105% 98% 5,777,038.00 0.00 0.00 -2,087,273.00
100.00% 105% 167% 2,279,210.00 0.00 29,194,117.00 0.00
100.00% 97% 104% 0.00 -2,473,937.00 3,903,085.00 0.00
100.00% 101% 136% 359,000.00 0.00 11,664,570.00 0.00
100.00% 162% 101% 11,086,075.00 6.20 209,710.00 1.70
100.00% 106% 113%
0.00 0.00
100.00% 105% 87% 5,895,883.00 0.00 0.00 -15,726,207.00 17.90
100.00% 97% 13% 0.00 -199,650.00 0.00 -5,060,884.00
100.00% 106% 126% 1,150,179.00 0.00 5,047,353.00 0.00
100.00% 105% 89%
100.00% 105% 106%
100.00% 100% 100% 0.00 101,300.00 0.00
100.00% 100% 214% 1,916.00 0.00 46,984,072.00 0.00
100.00% 93% 126% 0.00 -1,894,012.00 6,368,083.00 0.00 3.00
100.00% 102% 148% 705,354.00 0.00 22,394,330.00 0.00 155.60
100.00% 100% 114% Err:522 Err:522 Err:522 Err:522
100.00% 102% 110%
176.50

266.9

ANALISIS BASE COMUN

2010 2011 2012


100% 113% 118%
100% 101% 133%
100% 167% 78%

100% 110% 126%


100% 92% 119%
100% 110% 123%
100% 100% 122%
100% 465% 36%

100% 425% 112%


100% 169% 377%
100% 121% 107%
100% 36% 142%
100% 220% 264%
100% 574% -342%
100% 470% 13%
100% 110% 115%
100% 985% -3%
N Y APLICACIN DE FONDOS " BASE CAPITAL DE TRABAJO" ESTADO DE COSTO DE ADQUISICION Y COSTO DE VENTA

STION 2010-2011 GESTION 2011-2012 CUENTAS 2010 2011 2012


APLICACIN ORIGEN APLICACIN Inventario inicial 864,105,875.00 200,008,308.00 217,074,120.00
Compras 500,000,000.00 1,195,892,201.00 1,570,558,702.00
Mercaderia disponible para vender 1,364,105,875.00 1,395,900,509.00 1,787,632,822.00
inventario final 200,008,308.00 217,074,120.00 219,681,346.00
Costos de Ventas 1,164,097,567.00 1,178,826,389.00 1,567,951,476.00

ANALISIS HORIZONTAL
VAL.ABSOL. VAL.RELAT. INDIC. VAL.ABSOL. VAL.RELAT.
AO 2010-2011 AO 2011-2012
180.90 159.90 -664,097,567.00 23.15% 0.23 17,065,812.00 8.53%
496.60 695,892,201.00 239.18% 2.39 374,666,501.00 31.33%
50.60 69.30 31,794,634.00 102.33% 1.02 391,732,313.00 28.06%
17,065,812.00 108.53% 1.09 2,607,226.00 1.20%
14,728,822.00 101.27% 1.01 389,125,087.00 33.01%

ANALISIS BASE COMUN


2010 2011 2012
100% 23% 109%
100% 239% 131%
100% 102% 128%
100% 109% 101%
0.00 100% 101% 133%

6,368,083.00
22,394,330.00

231.5 28,762,482.30 656.50


-55.00 -28761825.8
176.5 656.5 656.50
ANALISIS VERTICAL

2010 2011 2012


173% 14% 12%
37% 86% 88%
117% 118% 114%
17% 18% 14%

INDIC.
O 2011-2012
1.09
1.31
1.28
1.01
1.33
Compras de acciones de autocatera
Emisin de acciones de autocartera
Otros, neto
Tesoreria neta proporcionada por
(utilizada en) actividades de financiacin
Efecto de la variacin del tipo
de cambio sobre tesoreria
Aumento (disminucin) neto
en tesoreria y equivalentes
Tesoreria y equivalentes
al comienzo del ejercicio
Tesoreria y equivalentes
al final de ejercicio
ANALISIS DE LOS INDICES FINANCIEROS
A. ANALISIS FINANCIERO:
I INDICES DE LIQUIDEZ: 2010 2011 2012

Activo Corriente 350,922,289.00 415,018,443.00 462,807,576.00


1.1 Razn Corriente
Pasivo Corriente 304,392,906.00 321,795,959.00 364,592,109.00

Activo Corriente-Inventario 349,167,122.00 413,481,214.00 460,879,771.00


1.2 Razn Rapida o Acido
Pasivo Corriente 304,392,906.00 321,795,959.00 364,592,109.00

Efectivo 31,328,388.00 43,567,564.00 54,409,848.00


1.3 Razn Absoluta
Pasivo Corriente 304,392,906.00 321,795,959.00 364,592,109.00

1.4 Capital de Trabajo Activo Corriente 350,922,289.00 415,018,443.00 462,807,576.00

350,922,289.00 415,018,443.00 462,807,576.00


1.5 Capital de Trabajo neto Act.Cte. - Pas.Cte.
304,392,906.00 321,795,959.00 364,592,109.00

II INDICES DE ENDEUDAMIENTO: 2010 2011 2012

Pas cte. + Pas no cte 442,486,162.00 466,735,627.00 493,792,039.00


2.1 Razon deuda total a activo total
Activo total 992,652,196.00 1,015,752,619.00 1,118,656,816.00

Util. Antes int. 382.50 392.40 382.30


2.2 Rotacion del interes (TIE)
cargos por Intereses 3.90 4.70 6.30

Deuda a Corto Plazo 304,392,906.00 321,795,959.00 364,592,109.00


2.3 Calidad de la deuda - corto plazo
deuda totales 992,652,196.00 1,015,752,619.00 1,118,656,816.00

Deuda a largo plazo 138,093,256.00 144,939,668.00 129,199,930.00


2.4 Calidad de la Deuda - Largo Plazo
2.4 Calidad de la Deuda - Largo Plazo
Deudas totales 992,652,196.00 1,015,752,619.00 1,118,656,816.00

Deuda a corto plazo 304,392,906.00 321,795,959.00 364,592,109.00


2.5 Rotacion de la deuda
Deuda a largo plazo 138,093,256.00 144,939,668.00 129,199,930.00

Financiamientos de Proveedores 41,463,518.00 43,742,728.00 72,936,845.00


2.6
Clientes/Proveedores Clientes 78,840,209.00 103,245,097.00 129,694,932.00

Patrimonio neto 550,166,034.00 549,016,992.00 624,864,777.00


2.7 Razon de Autonomia de la Deuda
Deudas Totales 992,652,196.00 1,015,752,619.00 1,118,656,816.00

B ANALISIS ECONOMICO:
III INDICES DE RENTABILIDAD: 2010 2011 2012

Utilidad Bruta 256,988,046.00 428,393,238.00 333,697,253.00


3.1 Margen de Utilidad Bruta
Ventas (Netas) 1,421,085,613.00 1,607,219,627.00 1,901,648,729.00

Utilidad Operativa 49,446,053.00 232,631,425.00 31,268,354.00


3.2 Margen de utilidad operativa
Ventas (Netas) 1,421,085,613.00 1,421,085,613.00 1,421,085,613.00

Margen de utilidad operativa Utilidad Operativa U.A.I 49,446,053.00 232,631,425.00 31,268,354.00


3.3
antes de IUE Ventas (Netas) 1,421,085,613.00 1,607,219,627.00 1,901,648,729.00

Util. Neta Dis. / Accionistas 20,384,486.00 200,722,202.00 -5,419,339.00


Margen de Utilidad Disponible
3.4
(Accionistas o Propietarios) Ventas (Netas) 1,421,085,613.00 1,607,219,627.00 1,901,648,729.00

Util. Neta Dis. / Accionistas 45,688,393.00 46,393,747.00 68,788,077.00


Rendimiento sobre el
3.5
capital(Contable Comn) R.O.E Capital Contable Comn 550,166,034.00 549,016,992.00 624,864,777.00

Rendimiento sobre los activos Util. Neta Dis. / Accionistas 20,384,486.00 200,722,202.00 -5,419,339.00
3.6
totales R.O.A Activos Totales 992,652,196.00 1,015,752,619.00 1,118,656,816.00

C EFICIENCIA ADMINISTRATIVA:
IV INDICES DE ACTIVIDAD 2010 2011 2012

Ventas al credito 1,421,085,613.00 1,607,219,627.00 1,901,648,729.00


4.1 Rotacion de cuentas por cobrar
Cuentas por cobrar promedio 78,840,209.00 103,245,097.00 129,694,932.00

Periodo promedio de cobranza - 360 dias 360 360 360


4.2
(PPC) Rotacion de cuentas por cobrar 18.02 15.57 14.66

4,2, Periodo promedio de cobranza - Cuentas por cobrar promedio 78,840,209.00 103,245,097.00 129,694,932.00
a (PPC) Ventas al credito / 360 dias 3,947,460.04 4,464,498.96 5,282,357.58

Costo de mercaderia vendida 256,988,046.00 428,393,238.00 333,697,253.00


4.5 Rotacion de inventarios
Inventario promedio 1,755,167.00 1,537,229.00 1,927,805.00

360dias 360 360 360


4.6 Periodo promedio de inventario
Rotacion de inventarios 146.42 278.68 173.10

4,6, Inventario promedio 1,755,167.00 1,537,229.00 1,927,805.00


Periodo promedio de inventario
a C.M.V. / 360 dias 713,855.68 1,189,981.22 926,936.81

Rotacion de los Activos Fijos Ventas Netas 1,421,085,613.00 1,607,219,627.00 1,901,648,729.00


4.7
Netos Activos Fijos Netos 614,802,778.00 576,391,856.00 632,327,380.00

Venta Netas 1,421,085,613.00 1,607,219,627.00 1,901,648,729.00


4.8 Rotacion de los activos Totales
Activos Totales 992,652,196.00 1,015,752,619.00 1,118,656,816.00
FINANCIEROS

2010 2011 2012 MEDIDAS COMENTARIOS

1.15 1.29 1.27 Veces AUMENTA

1.15 1.28 1.26 Veces AUMENTA Chart Title


1.35

0.10 0.14 0.15 Veces AUMENTA 1.3 1.29

1.25
350,922,289.00 415,018,443.00 462,807,576.00 Bs AUMENTA
1.2
1.15
1.15
46,529,383.00 93,222,484.00 98,215,467.00 Bs AUMENTA
1.1

2010 2011 2012 MEDIDAS COMENTARIOS 1.05


1 2

0.45 0.46 0.44 % AUMENTA

1.3
98.08 83.49 60.68 Veces DISMINUYE

1.25
0.31 0.32 0.33 % AUMENTA

1.2
0.14 0.14 0.12 % AUMENTA
1.15

1.1
1.25

1.2
0.14 0.14 0.12 % AUMENTA
1.15

2.20 2.22 2.82 Veces DISMINUYE


1.1

0.53 0.42 0.56 Veces DISMINUYE


1.05
1 2
0.55 0.54 0.56 Veces DISMINUYE

2010 2011 2012 MEDIDAS COMENTARIOS

0.18 0.27 0.18 % AUMENTA

0.03 0.16 0.02 % AUMENTA

0.03 0.14 0.02 % AUMENTA

0.01 0.12 0.00 % AUMENTA

0.08 0.08 0.11 % AUMENTA

0.02 0.20 0.00 % AUMENTA


2010 2011 2012 MEDIDAS COMENTARIOS

18.02 15.57 14.66 Veces AUMENTA

19.97 23.13 24.55 Dias DISMINUYE

19.97 23.13 24.55 Dias DISMINUYE

146.42 278.68 173.10 Veces DISMINUYE

2.46 1.29 2.08 Dias AUMENTA

2.46 1.29 2.08 Dias AUMENTA

2.31 2.79 3.01 Veces AUMENTA

1.43 1.58 1.70 Veces DISMINUYE


Chart Title

1.29
1.27

Row 6
Row 7

2 3

Row 9
Row 10
Row 9
Row 10

2 3
ESTADOS FINANCIEROS ORIGINALES
BALANCE GENERAL

TOTAL ACTIVOS
1,200,001,000.00

1,015,752,619.00
Bolivianos

992,652,196.00
1,000,001,000.00

800,001,000.00

600,001,000.00

400,001,000.00

200,001,000.00

1,000.00
2010 2011

700,000,800.00
Bolivianos

600,000,800.00
550,166,034.00

500,000,800.00

400,000,800.00

300,000,800.00

200,000,800.00

100,000,800.00
400,000,800.00

300,000,800.00

200,000,800.00

100,000,800.00

800.00
2010

ESTADO DE RESULTADO

Chart Title
2,000,000,000.00
1,800,000,000.00
Blolivianos

1,607,219,627.00
1,600,000,000.00
1,421,085,613.00
1,400,000,000.00
1,200,000,000.00
1,000,000,000.00
800,000,000.00
600,000,000.00
400,000,000.00
200,000,000.00
0.00
2010 2011

ANALISIS FINANCIERO
A) INDICES DE LIQUIDEZ

INDICES DE LIQUIDEZ
1.40
1.29
1.28 1.

1.201.15
INDICES DE LIQUIDEZ
1.40
1.29
1.28 1.

1.201.15
VECES

1.00

0.80

0.60

0.40

0.20 0.14 0.
0.10

0.00
2010 2011 20

B) INDICES DE ENDEUDAMIENTO

4.00
INDICES DE ENDEUDAMIENTO

3.00 2.82
VECES

ROTACION DE LA DE

2.20 2.22 FINANCIAMIENTO D


CLIENTES7PROVEED

2.00 RAZON DE AUTONO


VECE
ROTACION DE LA DE

2.20 2.22 FINANCIAMIENTO D


CLIENTES7PROVEED

2.00 RAZON DE AUTONO

1.00
0.55
0.53 0.54 0.56
0.42

0.00
2010 2011 2012

ANALISIS ECONOMICO
A) INDICES DE RENTABILIDAD

6.87%
100.00%
27.80%
90.00%

Axis Title
80.00%

70.00%
4.80%
60.53%
60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00%
2010
30.00%

20.00%

10.00%

0.00%
2010

EFICIENCIA ADMINISTRATIVA
A) INDICES DE ACTIVIDAD

20.00 Rotacion de cuentas por cobrar


18.02
18.00

16.00 15.57
14.66

14.00
Axis Title

12.00

10.00

8.00

6.00

4.00

2.00

0.00
2010 2011 2012

Rotacion de inventarios
300.00
278.68

250.00
e
Rotacion de inventarios
300.00
278.68

250.00
Axis Title

200.00
173.10

146.42
150.00 R

100.00

50.00

0.00
2010 2011 2012

1.75

1.70

1.65

1.60
Axis Title

1.55

1.50

1.451.43

1.40

1.35
1.50

1.451.43

1.40

1.35

1.30

1.25
2010
VOS
1,118,656,816.00
500,000,000.00
19.00 490,000,000.00

Bolivianos
480,000,000.00

470,000,000.00

460,000,000.00
Total Activos
450,000,000.00
442,486,162.00

440,000,000.00

430,000,000.00

420,000,000.00

410,000,000.00
1 2012 2010

TOTAL PATRIMONIO
000,800.00
624

000,800.00
550,166,034.00 549,016,992.00

000,800.00

000,800.00

000,800.00

000,800.00

000,800.00
000,800.00

000,800.00

000,800.00

000,800.00

800.00
2010 2011

1,901,648,729.00
12

Bolivianos
,627.00
10

6
TOTAL VENTAS

0
2010

11 2012

UIDEZ C
500,000,000.00
1.27
1.26
450,000,000.00
UIDEZ C
500,000,000.00
1.27
1.26
450,000,000.00

400,000,000.00

Axis Title
350,922,289.00
350,000,000.00

300,000,000.00
RAZON CORRIENTE
RAZON RAPIDA 250,000,000.00
RAZON ABSOLUTA
200,000,000.00

150,000,000.00

100,000,000.00
0.15 46,529,383.00
50,000,000.00

0.00
2012 2010

ENTO
0.50
PORCENTAJE %

0.45
0.45

2.82
0.40

0.35
ROTACION DE LA DEUDA
0.31
FINANCIAMIENTO DE
CLIENTES7PROVEEDORES
0.30
RAZON DE AUTONOMIA DE LA DEUDA
0.25

0.20
P
0.35
ROTACION DE LA DEUDA
0.31
FINANCIAMIENTO DE
CLIENTES7PROVEEDORES
0.30
RAZON DE AUTONOMIA DE LA DEUDA
0.25

0.20

0.15 0.14

0.10
0.56
0.05

0.00
2010
2012

Chart Title
29.34% 1.65%
37.54%
Axis Title

12.55%

0.97%
59.84%
18.54%

39.57%

2011 2012
2011 2012

as por cobrar Pe
30.00

25.00
14.66

19.97

Axis Title
20.00

15.00

10.00

5.00

0.00
2012 2010

tarios Perio
3.00

2.46
2.50
le
tarios Perio
3.00

2.46
2.50

Axis Title
2.00
173.10

Rotacion de inventarios
1.50

1.00

0.50

0.00
2012 2010 2

Rotacion de los activos Totales

1.70

1.58
2011 2012
Chart Title
.00 493,792,039.00

.00

.00

.00 466,735,627.00

.00
TOTAL PASIVO
.00
2,486,162.00

.00

.00

.00

.00
2010 2011 2012

624,864,777.00

TOTAL PATRIMONIO
TOTAL PATRIMONIO

2012

BENEFICIO NETO
12

10

0
2010

Chart Title
462,807,576.00

415,018,443.00
Chart Title
462,807,576.00

415,018,443.00

CAPITAL DE TRBAJO
CAPITAL DE TRABAJO NETO

93,222,484.00 98,215,467.00

2011 2012

INDICES DE ENDEUDAMIENTO
0.46
0.44

0.33
0.32
0.33
0.32

0.14 0.14
0.1

2011 2012

1.65%
37.54%

0.97%
59.84%

2012
2012

Periodo promedio de cobranza -(PPC)

24.55
23.13

2011 2012

Periodo promedio de inventario

2.08
Periodo promedio de inventario

2.08

Periodo promedio de inventario


1.29

2011 2012

1.70
2012
4

0.33
0.33

0.12

2012
edio de inventario