The large non-alcoholic beverage company in Colombia: profitability and EVA

It is intended to know the financial performance of the large non-alcoholic beverages companies in Colombia in the 2014-2018 period, by analyzing and comparing the financial indicators that account for its growth, financial performance and economic benefit. It is found that this sector presents annu...

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Detalles Bibliográficos
Autor Principal: Rivera Godoy, Jorge Alberto
Formato: Artículo revisado por pares
Lenguaje:Español (Spanish)
Publicado: Universidad Libre 2020
Materias:
Acceso en línea:http://hdl.handle.net/10901/18843
Descripción
Sumario:It is intended to know the financial performance of the large non-alcoholic beverages companies in Colombia in the 2014-2018 period, by analyzing and comparing the financial indicators that account for its growth, financial performance and economic benefit. It is found that this sector presents annual variable returns on capital, mainly caused by the orientation of efficacy in the administration of expenditures and the use of positive financial leverage; In addition creates economic value added (EVA) because the profitability of the net operating assets after taxes is higher than the cost of capital. However, the return on capital is lower than that generated by external counterpart sectors in the world and emerging economies; But the EVA created by each invested money unit is only surpassed by global comparable sector. These findings should be deepened in homogeneous groups of companies of different size and geographic location