Examinando por Materia "Flujo de Caja Libre (FCL)"

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    Ítem
    Análisis del ratio FCL/ventas como proxy de valor en las empresas del sector automotor colombiano
    (Universidad Eafit, 2020) Soto Restrepo, Yudy Marcela; Sepúlveda Botero, Sergio Andrés; Yepes Raigosa, David Alejandro
    This study analyzes the FCL/sales ratio as a proxy for value in companies in the automotive sector, emphasizing the analysis of value inducers. To carry out the study, we use descriptive and inferential statistics, such as measures of central tendency and t-tests. The t tests allowed to identify the positive relationships of FCL / sales with the Ebitda margin, the Return on Equity and the Return on Assets and a negative relationship with the Productivity of Working Capital and Productivity of Fixed Assets, which was consistent with financial theory and with results obtained by authors such as Milei (2011) and Bastidas (2007), who use other value proxies and value creation such as Tobin's Q and EVA. These results show that the FCL / sales ratio is a proxy that can be used to measure value creation for Colombian companies in the automotive sector.