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ACUMULADORES ETNA
Conocer la evolucin de la
situacin financiera de la
empresa en los ltimos 5
aos
OBJETIVO
DE
ESTUDIO
Cual es la actividad
econmica de la
empresa?
Se dedica a la fabricacin y
comercializacin de bateras
MISION
VISION
BALANCE GENERAL
2008
Activo corriente
63389
77%
Activo no corriente
19306
TOTAL ACTIVO
2009
2010
2011
2012
76072
48.97
87323
48.90%
23%
79247
51.02
91271
51.10%
82695
100%
89127
155319
100%
178594
100%
Pasivo corriente
17960
22%
18576
3.34%
15110
8.46%
pasivo no corriente
7198
9%
6248
4.81%
3952
0.71%
40433
22.63%
TOTAL PASIVO
25158
31%
22528
4.05%
55543
31.10%
Patrimonio
57537
69%
95.94%
123051
68.89%
82695
100%
89127
10053
7
100%
178594
100%
ACTIVO
100%
10053
7
100%
PASIVO Y PATRIMONIO
7.01%
100%
4838
100%
155319
2012
ACTIVO
ACTIVO CORRIENTE
87323
48.89%
2010
PASIVO Y
PATRIMONIO
PASIVO
CORRIENTE
15110
8.46%
PASIVO NO
CORRIENTE
40433
22.63%
ACTIVOS
PASIVO +
PATRIMONIO
PASIVO NO
CORRIENTE = 4838
= 5%
PASIVO
CORRIENTE =
17578 = 17%
CORRIENTE =
72267 = 72%
PATRIMONIO NETO
= 78121= 78%
ACTIVO NO
CORIENTE
91271
51.10%
TOTAL=178594
PATRIMONIO
123051
68.89%
TOTAL=178594
NO CORRIENTE =
28270 = 28%
TOTAL = 100537
TOTAL= 100537
Situacin
financiera
normal
ACTIVO CORRIENTE
77%
a0 2008
75%
ao 2009
72%
ao 2010
49%
49%
ao 2011
ao 2012
ACTIVO NO CORRIENTE
23%
25%
ao 2008
ao 2009
51%
51%
ao 2011
ao 2012
28%
ao 2010
PASIVO NO CORRIENTE
PASIVO CORRIENTE
23%
22%
17%
17%
9%
8%
7%
3%
5%
1%
PATRIMONIO
96%
69%
ao 2008
76%
78%
ao 2009
ao 2010
69%
ao 2011
ao 2012
Activo
Pasivo
178594
155319
82695
89127
100537
55543
25158
ao 2008
21066
ao 2009
22416
ao 2010
22528
ao 2011
ao 2012
ESTADO DE GANANCIAS Y
PERDIDAS
2008
2009
2010
2011
2012
TOTAL
TOTAL
TOTAL
TOTAL
TOTAL
VENTAS NETAS
100188
100%
88408
100%
78121
100%
99943
100%
99235
100%
UTILIDAD BRUTA
46409
46.32%
40849
46.2
44474
56.92%
42928
42.95%
40849
41.10%
UTILIDAD DE
OPERACIN
31030
30.97%
26515
29.99
27442
35.12%
25557
25.57%
19854
20%
UTILIDAD DE
EXPLOTACION
32149
32.08%
27131
30.68
27453
35.14%
25500
25.57%
19809
19.96%
UTILIDAD NETA
19836
19.79%
17040
19.27
17376
22.24%
18253
18.26%
13474
13.57%
ANLISIS VERTICAL
2008
ACTIVO
Activos Corrientes
Efectivo y Equivalentes al Efectivo
Inversiones mantenidas para la
negociacin
Cuentas por Cobrar Comerciales (neto)
Otras Cuentas por Cobrar (neto)
Cuentas por cobrar relacionadas
Existencias
Gastos Pagados por Anticipado
Total Activos Corrientes
Activos No Corrientes
Inmueble, Maquinaria y Equipos (netos)
Activos Intangibles (neto)
Inversiones (en asociadas; en valores)
Impuesto a la renta diferido
Total Activos No Corrientes
S/.
2009
%
S/.
2010
%
S/.
2011
%
S/.
2012
%
S/.
10,572.0
12.8%
0.0%
13,288.0
14.9%
0.0%
15,458.0
15.4%
0.0%
16,041.0
82.0
10.3%
0.1%
9,055.0
62.0
5.1%
0.0%
13,336.0
1,984.0
36,959.0
538.0
63,389.0
16.1%
2.4%
0.0%
44.7%
0.7%
76.7%
14,702.0
1,998.0
35,941.0
554.0
66,483.0
16.5%
2.2%
0.0%
40.3%
0.6%
74.6%
16,925.0
1,173.0
37,872.0
839.0
72,267.0
16.8%
1.2%
0.0%
37.7%
0.8%
71.9%
16,890.0
1,977.0
1,631.0
38,840.0
611.0
76,072.0
10.9%
1.3%
1.1%
25.0%
0.4%
49.0%
21,227.0
5,175.0
3,676.0
47,558.0
570.0
87,323.0
11.9%
2.9%
2.1%
26.6%
0.3%
48.9%
19,098.0
23.1%
22,426.0
25.2%
26,185.0
26.0%
76,224.0
49.1%
83,799.0
46.9%
74.0
125.0
9.0
19,306.0
0.1%
0.2%
0.0%
23.3%
74.0
144.0
0.1%
0.2%
0.0%
25.4%
74.0
1,952.0
59.0
28,270.0
0.1%
1.9%
0.1%
28.1%
173.0
2,636.0
214.0
79,247.0
0.1%
1.7%
0.1%
51.0%
5,359.0
2,113.0
3.0%
1.2%
0.0%
51.1%
22,644.0
91,271.0
ANALISIS HORIZONTAL
2008 VS. 2009
ACTIVO
S/.
S/.
S/.
S/.
Activos Corrientes
Efectivo y Equivalentes al Efectivo
2,716.0
25.7%
4,886.0
46.2%
1,366.0
10.2%
14.0
0.7%
3,589.0
26.9%
811.0
-40.9%
5,469.0
51.7%
1,517.0
-14.3%
82.0
#DIV/0!
62.0
#DIV/0!
3,554.0
26.6%
7,891.0
59.2%
7.0
-0.4%
3,191.0
160.8%
1,631.0
100.0%
3,676.0
100.0%
1,018.0
-2.8%
913.0
2.5%
1,881.0
5.1%
10,599.0
28.7%
16.0
3.0%
301.0
55.9%
73.0
13.6%
32.0
5.9%
3,094.0
4.9%
8,878.0
14.0%
12,683.0
20.0%
23,934.0
37.8%
3,328.0
17.4%
7,087.0
37.1%
57,126.0
299.1%
64,701.0
338.8%
0.0%
0.0%
99.0
133.8%
5,285.0
7141.9%
19.0
15.2%
1,827.0
1461.6%
2,511.0
2008.8%
1,988.0
1590.4%
9.0
-100.0%
50.0
555.6%
205.0
2277.8%
9.0
-100.0%
3,338.0
17.3%
8,964.0
46.4%
59,941.0
310.5%
71,965.0
372.8%
TOTAL DE ACTIVOS
6,432.0
7.8%
17,842.0
21.6%
72,624.0
87.8%
95,899.0
116.0%
ANLISIS VERTICAL
2008
PASIVO Y PATRIMONIO
Pasivos Corrientes
Obligaciones Financieras a LP (parte
Cuentas por Pagar Comerciales
Otras Cuentas por Pagar
Cuentas por pagar relacionadas
Impuesto a la renta diferido
Total Pasivos Corrientes
Pasivos No Corrientes
Obligaciones Financieras LP (parte no
Impuesto a la renta diferido
Ingresos Diferidos
Total Pasivos No Corrientes
TOTAL PASIVOS
Patrimonio
Capital Social
Acciones de Inversin
Reserva Legal
Resultados Acumulados
TOTAL PATRIMONIO
TOTAL PASIVO Y PATRIMONIO
2009
S/.
3,764.0
4,892.0
9,304.0
17,960.0
4.6%
5.9%
11.3%
0.0%
0.0%
21.7%
6,101.0
1,097.0
7,198.0
25,158.0
7.4%
1.3%
0.0%
8.7%
30.4%
10,405.0
5,203.0
2,081.0
39,848.0
57,537.0
82,695.0
12.6%
6.3%
2.5%
48.2%
69.6%
100.0%
S/.
3,694.0
3,589.0
7,535.0
14,818.0
4,858.0
1,390.0
2010
%
4.1%
4.0%
8.5%
0.0%
0.0%
16.6%
S/.
4,677.0
4,257.0
8,644.0
17,578.0
3,478.0
1,360.0
2011
2012
S/.
4.7%
4.2%
8.6%
0.0%
0.0%
17.5%
3,179.0
2,349.0
8,394.0
2,471.0
2,183.0
18,576.0
2.0%
1.5%
5.4%
1.6%
1.4%
12.0%
15,110.0
1.9%
1.6%
5.0%
0.0%
0.0%
8.5%
1,051.0
0.7%
0.0%
1.9%
2.5%
14.5%
21,064.0
17,624.0
1,745.0
40,433.0
55,543.0
11.8%
9.9%
1.0%
22.6%
31.1%
6,248.0
21,066.0
5.5%
1.6%
0.0%
7.0%
23.6%
4,838.0
22,416.0
3.5%
1.4%
0.0%
4.8%
22.3%
10,405.0
5,203.0
2,081.0
50,372.0
68,061.0
89,127.0
11.7%
5.8%
2.3%
56.5%
76.4%
100.0%
10,405.0
5,203.0
2,081.0
60,432.0
78,121.0
100,537.0
10.3%
5.2%
2.1%
60.1%
77.7%
100.0%
2,901.0
3,952.0
22,528.0
10,405.0
6.7%
5,203.0
3.3%
2,081.0
1.3%
115,102.0 74.1%
132,791.0 85.5%
155,319.0 100.0%
S/.
3,416.0
2,785.0
8,909.0
45,203.0 25.3%
22,602.0 12.7%
2,081.0
1.2%
53,165.0 29.8%
123,051.0 68.9%
178,594.0 100.0%
ANALISIS HORIZONTAL
2008 VS. 2009
PASIVOS Y PATRIMONIO
Pasivos Corrientes
Obligaciones Financieras a LP (parte corriente)
70.0
-1.9%
913.0
24.3%
585.0
-15.5%
348.0
-9.2%
1,303.0
-26.6%
635.0
-13.0%
2,543.0
-52.0%
2,107.0
-43.1%
1,769.0
-19.0%
660.0
-7.1%
910.0
-9.8%
395.0
-4.2%
2,471.0
100.0%
2,183.0
100.0%
616.0
3.4%
2,850.0
-15.9%
3,142.0
-17.5%
382.0
-2.1%
1,243.0
-20.4%
2,623.0
-43.0%
5,050.0
-82.8%
14,963.0
245.3%
293.0
26.7%
263.0
24.0%
1,097.0
-100.0%
16,527.0
1506.6%
2,901.0
100.0%
1,745.0
100.0%
Pasivos No Corrientes
Obligaciones Financieras LP (parte no corriente)
Impuesto a la renta diferido
Ingresos Diferidos
Total Pasivos No Corrientes
950.0
-13.2%
2,360.0
-32.8%
3,246.0
-45.1%
33,235.0
461.7%
TOTAL PASIVOS
4,092.0
-16.3%
2,742.0
-10.9%
2,630.0
-10.5%
30,385.0
120.8%
Capital Social
0.0
0.0%
0.0
0.0%
0.0
0.0%
34,798.0
334.4%
Acciones de Inversin
0.0
0.0%
0.0
0.0%
0.0
0.0%
17,399.0
334.4%
Patrim onio
Reserva Legal
0.0
0.0%
0.0
0.0%
0.0
0.0%
0.0
0.0%
Resultados Acumulados
10,524.0
26.4%
20,584.0
51.7%
75,254.0
188.9%
13,317.0
33.4%
TOTAL PATRIMONIO
10,524.0
18.3%
20,584.0
35.8%
75,254.0
130.8%
65,514.0
113.9%
6,432.0
7.8%
17,842.0
21.6%
72,624.0
87.8%
95,899.0
116.0%
2008
Ventas Netas
Costo de Ventas
Utilidad Bruta
Gasto de Venta
Gastos de administracion
Diversos neto
Utilidad Operativa
Ingresos (gastos), neto:
Ingresos financieros
Gastos financieros
Diferencia de cambio
Varios, neto
Resultado por conversion
Utilidad antes del Impto a la renta
Impuesto a la Renta dife.
Impuesto a la Renta corriente
Participacion de los trabajadores dife.
Participacion de los trabajadores corriente
UTILIDAD NETA
2009
S/.
100,188
(53,779)
46,409
(7,020)
(8,359)
(0)
31,030
%
215.9%
115.9%
100.0%
15.1%
18.0%
0.0%
66.9%
S/.
88,408
(47,510)
40,898
(6,386)
(7,997)
(0)
26,515
%
100.0%
116.2%
100.0%
15.6%
19.6%
0.0%
64.8%
1,119
(549)
(0)
(0)
(0)
31,600
(73)
(8,531)
(0)
(3,160)
19,836
2.4%
1.2%
0.0%
0.0%
0.0%
68.1%
0.2%
18.4%
0.0%
816
(200)
0
(0)
(0)
27,131
(214)
(7,150)
(2,648)
(79)
17,040
2.0%
0.5%
0.0%
0.0%
0.0%
66.3%
0.5%
17.5%
6.5%
0.2%
41.7%
42.7%
ANLISIS VERTICAL
2010
S/.
%
86,894
100.0%
(42,420)
95.4%
44,474
100.0%
(7,786)
17.5%
(9,246)
20.8%
(0)
0.0%
27,442
61.7%
0
(324)
0
325
10
27,453
(7,408)
(0)
(2,669)
(0)
17,376
0.0%
0.7%
0.0%
0.7%
0.0%
61.7%
16.7%
0.0%
39.1%
2011
2012
S/.
99,943
(57,015)
42,928
(8,797)
(8,574)
(0)
25,557
%
100.0%
132.8%
100.0%
20.5%
20.0%
0.0%
59.5%
S/.
99,235
(58,386)
40,849
(10,850)
(10,905)
760
19,854
%
100.0%
142.9%
100.0%
26.6%
26.7%
1.9%
48.6%
0
(460)
0
600
(197)
25,500
(7,247)
(0)
(0)
(0)
18,253
0.0%
1.1%
0.0%
1.4%
0.5%
59.4%
16.9%
0
(45)
0
0
0
19,809
(6,335)
(0)
(0)
(0)
13,474
0.0%
0.1%
0.0%
0.0%
0.0%
48.5%
15.5%
42.5%
0.0%
0.0%
33.0%
ANLISIS VERTICAL
2008
S/.
Ventas Netas
Costo de Ventas
Utilidad Bruta
Gasto de Venta
Gastos de administracion
Diversos neto
utilidad operativa
2009
S/.
2010
100,188
100.0%
(53,779)
46,409
100.0%
(7,020)
88,408 100.0%
S/.
2011
86,894 100.0%
S/.
2012
99,943 100.0%
S/.
99,235 100.0%
40,898 100.0%
44,474 100.0%
42,928 100.0%
40,849 100.0%
15.1%
(6,386)
15.6%
(7,786)
17.5%
(8,797)
20.5% (10,850)
26.6%
(8,359)
18.0%
(7,997)
19.6%
(9,246)
20.8%
(8,574)
20.0% (10,905)
26.7%
(0)
0.0%
(0)
0.0%
(0)
0.0%
(0)
0.0%
760
1.9%
31,030
66.9%
26,515
64.8%
27,442
61.7%
25,557
59.5%
19,854
48.6%
1,119
2.4%
816
2.0%
0.0%
0.0%
0.0%
(549)
1.2%
(200)
0.5%
(324)
0.7%
(460)
1.1%
(45)
0.1%
(0)
0.0%
(0)
0.0%
325
0.7%
600
1.4%
0.0%
(0)
0.0%
(0)
0.0%
10
0.0%
(197)
0.5%
0.0%
31,600
68.1%
27,131
66.3%
27,453
61.7%
25,500
59.4%
19,809
48.5%
(73)
0.2%
(214)
0.5%
(7,408)
16.7%
(7,247)
16.9%
(6,335)
15.5%
(8,531)
18.4%
(7,150)
17.5%
(0)
0.0%
(0)
0.0%
(0)
0.0%
(0)
0.0%
(2,648)
6.5%
(2,669)
6.0%
(0)
0.0%
(0)
0.0%
(3,160)
6.8%
(79)
0.2%
(0)
0.0%
(0)
0.0%
(0)
0.0%
19,836
42.7%
17,040
41.7%
17,376
39.1%
18,253
42.5%
13,474
33.0%
ANLISIS HORIZONTAL
2008-2009
S/.
Ventas Netas
Costo de Ventas
Utilidad Bruta
Gasto de Venta
Gastos de administracion
Diversos neto
utilidad operativa
2008-2010
S/.
2008-2011
S/.
2008-2012
S/.
-11,780
-11.76%
-13,294
-13.27%
-245
-0.24%
-953
-0.95%
-6,269
-11.66%
-11,359
-21.12%
3,236
6.02%
4,607
8.57%
-5,511
-11.87%
-1,935
-4.17%
-3,481
-7.50%
-5,560
-11.98%
-634
-9.03%
766
10.91%
1,777
25.31%
3,830
54.56%
-362
-4.33%
887
10.61%
215
2.57%
2,546
30.46%
760
100.00%
-4,515
-14.55%
-3,588
-11.56%
-5,473
-17.64%
-11,176
-36.02%
-303
-27.08%
-78
-6.97%
-1,073
-95.89%
-1,119
-100.00%
-57
-10.38%
816
148.63%
-43
-7.83%
-504
-91.80%
325
100.00%
600
100.00%
10
100.00%
197
100.00%
-13.12%
-6,100
-19.30%
-11,791
-37.31%
-4,761
-15.07%
-4,147
141
193.15%
7,335 10047.95%
7,174 9827.40%
6,262 8578.08%
-1,381
-16.19%
-8,531
-100.00%
-8,531 -100.00%
-8,531
-100.00%
2,648
100.00%
2,669
100.00%
-3,081
-97.50%
-3,160
-100.00%
-3,160 -100.00%
-3,160
-100.00%
-3,088
-15.57%
-2,460
-12.40%
-1,583
-6,362
-32.07%
-7.98%
RATIOS FINANCIEROS
FRMULA
2008
2009
2010
2011
2012
ROA
UAII
Total Activo
0.4
0.4
0.3
0.2
0.1
ROE
Utilidad Neta
Total de
Patrimonio
0.3
0.3
0.2
0.1
0.1
RENTABILIDAD
ROA
0.5
0.4
0.3
ROA
0.2
0.1
0
2008 2009 2010 2011 2012
Se ve que del ao 2008 al 2012 a disminuido de 0.4 a 0.1
En los aos 2009 y 2010 se a mantenido en 0.3 .
ROE
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
ROE
2008
2009
2010
2011
2012
RATIOS FINANCIEROS
2008
2009 2010
2011
2012
39665t
49
56
57
59
39
55
65
59
33
232
286
317
252
270
30
29
28.0
19
12
Costo de Venta
Periodo prom. de pago a proveedores
(das)
Rotacin de
Ventas Netas
activo fijo
Compras
Periodo
promedio de
Cobranzas
20
10
0
2008
2009
2010
2011
2012
30
20
10
0
2008
2009
2010
2011
2012
PLAZO DE ALMACENAMIENTO
350
300
250
200
Plazo de
Almacenamiento
150
100
50
0
2008
2009
2010
2011
2012
15
10
5
0
2008
2009
2010
2011
2012
ROTACION DE
ACTIVO FIJO
2
1
0
2008 2009 2010 2011 2012