Repositorio Institucional Universidad EAFIT ::Examinando por Materia "Indicadores financieros"

Examinando por Materia "Indicadores financieros"

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Análisis de factibilidad para el montaje de una empresa de servicios de laboratorio de suelos en el municipio de Calarcá, Quindío
(Universidad EAFIT, 2017) Fajardo Torres, Óscar Fabián; Restrepo Romero, Juan José; Escalante Gómez, Juan Esteban
The purpose of this work is the evaluation of the financial feasibility for the assembly of a laboratory of soil and concrete service business in the municipality of Calarcá, department of Quindío -- Engineer Stella Sánchez Giraldo, owner of the company Ingeotécnica del Quindío, requires a concept to decide whether she continues to provide her services as an independent consultant or if she is legally constituted as a company, considering the extension of the scope of services currently provided -- It is proposed to carry out an analysis of the current conditions, a market analysis (supply, price and demand), present a proposal of operation and check the economic profitability of the company, through the analysis of financial indicators such as Net Present Value (NPV), he internal rate of return (IRR) and the ratio of coverage (RBC), among others, which provide information relevant to decision making -- Finally, a risk analysis is carried out that broadens the horizon and identifies possible scenarios of failure in the project, to recommend to the investor the decision to formalize the company or not to formalize it
Análisis de la integración y la relación con el costo de la deuda de los factores ASG en las empresas incluidas en los indices de Latinoamérica
(Universidad EAFIT, 2023) Velásquez González, María Alejandra; Vergara Garavito, Judith Cecilia
Nowadays there is a strong tendency in the integration of ESG practices (environmental, social and governance) in the financial and real sector worldwide. Studies have been made in developed countries, nevertheless there are not enough studies for emerging economies such us the Latin-American ones, which represent different realities due to economic, social and politic variables. As a result, this investigation offers an opportunity to analyze this companies relating to their level of integration on ESG factors and the impact that this may have in the cost of debt level through the analysis of historic variables in a regression model of a data panel.
Análisis de la rentabilidad y solidez del sistema financiero bancario en Colombia
(Universidad EAFIT, 2024) Vélez Alzáte, Melina; Gallego Laverde, Andrea María; Téllez Falla, Diego Fernando
In this study, the main determinants of banking profitability, measured or represented through traditional indicators such as ROE (Retorn on Equity) and ROA (Retorn on Assets), are analyzed for the five most representative commercial banks in Colombia from January 2015 to December 2022. For this purpose, an econometric model is proposed using panel data methodology, which includes other financial indicators and macroeconomic variables to measure the sensitivity of these profitability indicators to changes in the economic cycle. The results suggest that movements or fluctuations in non-performing loans and provisions are statistically significant and have a direct influence on banking profitability.
Análisis de riesgos ambientales asociados a la construcción del Proyecto Hidroeléctrico Santo Domingo
(Universidad EAFIT, 2017) Londoño González, Felipe; Gómez Salazar, Elkin Arcesio
Análisis del desempeño de las empresas que cotizaban en la Bolsa de Valores de Colombia entre 1981 y 1988: una visión desde gobierno corporativo
(Universidad EAFIT, 2017) Arango Giraldo, Carolina; Herrera Roldán, Mariana; García Rendón, John Jairo; Velásquez Ceballos, Hermilson
Análisis económico-financiero de las empresas del sector de software y servicios relacionados en Colombia - I
(Universidad EAFIT, 2022) Ortíz Reyes, Carlos Augusto; Mahecha Suescún, Mónica Lucía; Vergara Garavito, Judith Cecilia
Análisis financiero integral a la empresa Labs Transporte de Carga S. A. S.
(Universidad EAFIT, 2018) Suárez Herrera, Ana Liliana; Rincón Torres, Wélmar Fernando; Restrepo Barth. Simón
Comprehensive financial analysis is a study that considers different aspects relevant to decision making in the efficient use of resources, through the analysis of the financial situation in which the company is located, the projection of strategic scenarios, the evaluation of alternatives, the design of financial policies and the minimization of risks through the application of the results obtained -- The purpose of this paper is to carry out a comprehensive financial analysis of the company LABS Transporte de Carga S.A. S., located in Duitama (Boyacá), since the administration during the development of its operations has not carried it out -- The analysis was carried out from the study of the current situation, through the application of financial analysis techniques and value inductors, to subsequently structure a financial simulation scenario through the projection of the financial statements to three years, through the definition of financial management strategies that contribute to an adequate decision making
Análisis financiero para un proyecto de desarrollo sostenible: techos y muros verdes en estaciones de transporte masivo-caso aplicado para Transmilenio S.A.
(Universidad EAFIT, 2016) León Melo, Jennifer; Delgado Franco, Alejandro; Trespalacios Carrasquilla, Alfredo
En el artículo 95 de la constitución política colombiana cohabitan algunos deberes y obligaciones a cargo de toda persona y ciudadano, entre los cuales se encuentra la protección de los recursos y velar por un ambiente sano -- El presente artículo se encierra en el marco de evaluaciones financieras de proyectos de índole ambiental y se trabaja de acuerdo con la normativa por la que se implementan, promueven y estimulan las tecnologías de creación de techos y muros verdes en la ciudad de Bogotá -- Se realizó a partir de un levantamiento de costos y con él pretendió aportar al estudio de la rentabilidad para economías de carácter público en términos de lo que produce la inversión y los recursos que se destinan -- Para su viabilidad financiera se propuso un esquema de financiación con créditos de fomento a proyectos ambientales, además de presentar un caso aplicado para una entidad de transporte masivo: la Empresa de Transporte del Tercer Milenio, TRANSMILENIO S.A.
Análisis probabilístico de los riesgos asociados a los imprevistos en los flujos de caja de proyectos inmobiliarios de la ciudad de Medellín
(Universidad EAFIT, 2019) Roldan Arango, Daniel Alexander; Betancur Díaz, Edwin Marino; Gómez Salazar, Elkin Arcesio
During the development of a real estate investment project, unexpected events usually happen, in such way that, if materialized, can cause adverse or beneficial effects for the project and for the company that undertakes it. Therefore, an adequate identification and management of the risks is necessary, in order to diminish the negative impacts and take advantage of the positive ones, to make the right decisions and reach the strategic objectives. This paper mainly presents the influence of negative risks, associated with the unforeseen events of stratum 4 real estate projects in the city of Medellín, in the preinvestment phase, based on the financial valuation, in order to study how to obtain the pre-feasibility results with a rational method through a probabilistic analysis, in contrast to the traditional method that does not take risks into consideration. PESTEL methodology is used, which, through a study of the environment and the analysis of political, economic, social, technological, ecological and legal factors, allows the identification and qualitative and quantitative analysis of risks. This work, in turn, is based on the study of the 10 knowledge areas defined by the Project Management Institute (PMI), in its PMBOK guide for the identification of risks. Considering the above, it is proposed to build a probabilistic model from the cash flow of the real estate projects under study, for subsequent computational simulation through the Monte Carlo method, in order to get the financial valuation indicators and the AIU (Administration, Incidentals and Utilities) factor under conditions of uncertainty. The method will allow obtaining equations and graphs of said indicators for comparison with the traditional method.
Caracterización de prácticas de gobierno corporativo de una organización en proceso de reestructuración empresarial: el caso Fabricato S.A.
(Universidad EAFIT, 2017) Calvo Sánchez, Sandra Milena; Villada Alzate, José David; Gaitán Riaño, Sandra Constanza
Currently, at the national and international level have been made famous cases of financial corruption in very important companies in the identified failures in the corporate ethics within the practices of corporate governance as a common factor, thus affecting their shareholders -- In this sense, this paper will focus on characterizing the practices of corporate governance (CG) in the organization Fabricato S.A. in the process of restructuring and identified how such practices could have an impact on its financial results -- One of the purposes that guide the research is the development of an improvement plan to propose the implementation of strategies that allow the adoption of good corporate governance practices in the prevention of an insolvency process -- In addition, we will look at the financial situation of the last years of the organization to analyze by applying tools of qualitative and quantitative analysis on the basis of the information to describe your situation in terms of the CG and its impact on the financial status
Construcción de un tablero de desempeño basado en rentabilidad para una sucursal de una compañía operadora de créditos por libranza
(2018) Restrepo Salazar, María Alejandra; Uribe Marín, Ricardo; Uribe de Correa, Beatriz Amparo
Financial Services companies use to operate through a branch network, where the branch itself can be considered as a business unit that demands a series of costs and expenses, where part of them are generated directly by the branch’s individual operation, while others are provided by a central office or hub -- This, in order to attract and consolidate a robust portfolio that can ensure income generation and guarantee an expected level of profitability by the shareholders -- However, report accounting, or the financial accounting is restricted to traditional practices that limit the allocation of costs to the different activities that are carried out during the development of the loan origination process, confining the profitability analysis to consolidated results, restricting the analysis and evaluation of individual business units such as branches -- In addition, the nature of financial products and their extent over time requires not only the profitability analysis by the reconfiguration of the income statement based in cost accounting and the activity-based costing system, but also complimentary and key industry and business ratios are needed to ensure and maximize the profitability levels from both an individual an aggregated level
De los resultados financieros al precio de mercado : un enfoque al mercado colombiano
(Universidad EAFIT, 2019) Garzón Ramos, Sonia Liliana; López Palacio, Juan Manuel; Saravia Matus, Jimmy Agustín
Quarterly earnings releases such as sales, costs, expenses, net income among others, are followed by analysts and investors around the world, for this reason they are potential key indicators that determine share prices. This paper revises the theories behind the key financial performance indicators, and investigates in detail the impact of the meeting or beating analyst expectations phenomenon, using descriptive and empirical analysis seeks to establish its relationship with share prices, with a focus on the Colombian market. Our results show that meeting or beating analyst earnings expectations are consistent with theory and show a significant empirical relationship.
Determinación de la rentabilidad de las inversiones realizadas en Investigación, Desarrollo e Innovación (I+ D + i) por la empresa Integra S. A.
(Universidad EAFIT, 2018) Duque Arboleda, Jonathan; Molina Hernández, Yormen Nery; Marín Moreno, César Augusto
Research, Development and innovation (hereinafter RDi) have been strengthened as an engine of business competitiveness in recent years, and this has aroused great interest in the creation of RDi units in the business sector, removing the exclusivity of these units to the academy -- These units have been created not only to investigate, but to generate innovations that add value to their customers and the company itself -- This graduate work analyzes the case of Integra SA, operator of the mass public transport system, Megabús, of the Central West metropolitan area (AMCO), of the city of Pereira, which, since 2009, has been developing RDiactivities focused on the transport sector, through the implementation of projects that have directly impacted the productivity of their internal processes -- Integra S.A. has been characterized since its creation in 2004 for being a visionary company and attentive to world trends, in order to measure itself and become a world-class company; for this reason, in 2011 it established the RDiunit and allocated 2% of the gross profits for investment in these activities; this is confirmed by the administrative and financial manager, María Elena Vélez (2017) -- Integra SA has been characterized by the leadership in the transformation of the transport sector of the region, through active participation in local, regional and national dynamics (2011); this leadership has become one of the factors that has made it possible to plan and direct the development strategies of the transportation industry, in line with the growth and development of the AMCO -- Thanks to its economic efforts, good administrative work and commitment to the constant search for RDi, the company has managed to position itself and has been able to comply with its Strategic Planning 2014-2016 (2013), as demonstrated by Colciencias, which, in resolution 233 of April 4, 2016, granted it recognition as a highly innovative company -- Although the formulation and implementation of projects through the RDiunit has delivered positive results both in the internal processes of the company and in the strengthening of its intellectual capital, and, in addition, these results have positioned Integra SA as the most innovative company in the region and one of the 25 most innovative companies in Colombia, according to the manager of the RDiprocess, César Augusto Marín Moreno (2017), has experienced serious difficulties in determining the profitability of the investments made in these activities, which is why it was identified that the realization of this research has great relevance for the company, since the determination of the profitability generated by investments in RDiis essential to know where to focus Investment efforts. The difficulty presented is that, despite the fact that the company has the relevant information to do this research, it does not have an instrument for measuring profitability that facilitates management decisions directed at this topic; additionally, it does not have a baseline that allows comparative analysis to identify the behavior before and after the implementation of the developments resulting from the investigations, which makes it more complex to determine the financial impact of the innovations implemented within the organization. In addition, one must take into account another exogenous variable that is presented in the measurement of this financial impact: the company can only develop innovations in processes and organizational innovation, since the concession contract requests exclusivity to provide the service of mass transit operator. Megabús passengers (concession contract 002 of 2004), and this causes their innovations to focus only on the company's processes. In spite of being a constant process, at present this operation changes the needs of allocation of personnel and vehicles, reason for which the dynamics of the company, by its constant movement, does not allow easily the comparison of a baseline against another, which creates the need to determine the participation of investments in RDiin the net profitability of the company, to identify if these have generated or destroyed value -- For this, then, the results of the RDiinvestments in the period 2014-2016 were analyzed -- This research, as a tool associated with economic-financial theory, for making investment decisions of a company, was able to identify that the profitability of investments made in Science Technology and innovation by Integra SA in the period 2014-2016 is 10.03% on average for these three years
Determinantes de la pérdida esperada en la cartera de clientes de una Institución Prestadora de Servicios de Salud
(Universidad EAFIT, 2016) Correa Barragán, Carlos Julio; Trespalacios Carrasquilla, Alfredo
La estimación de la pérdida esperada en las cuentas por cobrar de una empresa y la modelación de las variables que la determinan constituyen una importante herramienta de medición de riesgo, con efecto directo en el desempeño del patrimonio -- En este trabajo se realiza la estimación mediante un modelo econométrico logit para datos agrupados, en una institución prestadora de servicios de salud ubicada en Colombia -- Se presenta una selección de cuatro modelos basados en la metodología logit para datos agrupados, encontrando que la pérdida esperada en las cuentas por cobrar de la entidad está condicionada por diez variables, que incluyen indicadores financieros y características propias de cada cliente, al igual que indicadores operativos de la cartera analizada -- Los resultados obtenidos muestran un adecuado ajuste y significancia global, al igual que índices de capacidad predictiva superiores al 89% -- De manera complementaria, a partir del modelo se determinan focos de gestión en los procesos operativos, comerciales y contractuales que permitan optimizar este riesgo para la entidad
Determinantes financieros del fracaso empresarial en Colombia
(Universidad EAFIT, 2021) Vega Cabrera, Ana Patricia; Garzón Garzón, Ramón; Restrepo Tobón, Diego Alexander
This project identifies the financial variables that determine business failure in Colombia from 1995 to 2018, controlling factors such as fixed time and macro-sector effects for lagged values of the variables at one, two and three years. The financial indicators which turned out to better explain business failure were determined based on the financial statements reported by Colombian companies to the Enterprise Information System (Sistema de Información Empresarial, SIREM), of Superintendencia de Sociedades, and through logistic regression logit model analysis. As a result, the most relevant variables which measure the probability of bankruptcy for a company are related to liquidity (Available / sales and current assets / total assets), solvency (Total liabilities / total assets) and control by size (Total assets and operative income). Understanding the factors which determine companies’ failure, eases administrators on appropriate decision making, taking required measures to avoid non-compliance events that risk financial survival and stability of the enterprises.
Diagnóstico financiero estratégico para la empresa Biomax S.A.
(Universidad EAFIT, 2018) Aponte Quiroga, Hollman Antonio; Cuello Hernández, Gabriel Antonio; Sánchez Ribero, Gustavo Alberto
The present document seeks to make a strategic financial diagnosis for the company Biomax SA, with the purpose to present it to the management of the organization, and ot support the decision making that contribute to the creation of value of the company, which is dedicated to the wholesale distribution of liquid fuels derived from petroleum -- To meet this objective, the historical and projected financial statements will be analyzed, and the indebtedness and dividend payment policy will be validated, and so the strategic short and long term of the company cost plan can be understood and known, which can serve as support in the management of the company, from a value maximization approach for the shareholder
Diagnóstico financiero y valoración empresarial de CORASA
(Universidad EAFIT, 2016) Murillo Zamorano, Lorena; Gil Jaramillo, Andrea; Gamboa Ardila, Néstor Raúl
La valuación de empresas es una necesidad constante en todos los ramos productivos -- Los Tratados de Libre comercio han incrementado la competencia para las compañías Colombianas en estos últimos años -- Especialmente el de la mano de obra menos calificada, la construcción presenta características muy especiales que dificultan los procesos de valuación, como un mercado muy peculiar y la gran fluctuación de la actividad, por lo que se necesita hacer uso de un método que supere éste tipo de obstáculos, el cual amenaza altamente a CORASA, puesto que dicha propensión tiende a reducir la rentabilidad de las compañías que no hayan previsto las estrategias apropiadas para sortear estos cambios -- La generación de valor para la empresa implica, principalmente, utilidades para los accionistas, rendimientos de capital superiores a la competencia, niveles de crecimiento sostenibles, y la administración de riesgos de forma activa -- Visto de otro modo, la empresa que no genera valor, no es sostenible a largo plazo -- Actualmente CORASA no solo ofrece la construcción de vivienda de interés general ya que a su vez se beneficia de los diferentes programas ofrecidos por el gobierno como son las Viviendas de Interés Prioritario – VIP y Vivienda de Interés Social – VIS -- Su como objetivo principal de esta es la prestación de los servicios profesionales en materias de la ingeniería y arquitectura particularmente especializados en vivienda de todos los estratos
Diseño de una estrategia de inversión para acciones del mercado bursátil Dow Jones
(Universidad EAFIT, 2016) Aguilar Grillo, Nicolás; Orozco Posada, Juan Guillermo; Henao Cálad, Mónica
En este trabajo se desarrolla una estrategia de inversión para acciones del índice bursátil Dow Jones, que permite obtener una rentabilidad superior a la del índice en un período de tiempo de cinco años -- Se comienza analizando cada compañía de manera individual, mediante una valoración por flujos de caja libre descontados -- Luego se analizan sus indicadores financieros trimestrales y se calculan diversas valoraciones para cada compañía utilizando múltiplos financieros y bursátiles -- Finalmente, se establece una estrategia con 11 factores que pueden ser combinados entre sí, luego de una ponderación individual, con la idea de obtener rentabilidades superiores a la del índice -- Se simula la estrategia desde el año 2007 hasta la fecha, para un período de tiempo de nueve años, y se obtienen rentabilidades superiores al 10% EA, en contraste con la rentabilidad entregada por el índice del 3,15% EA -- La relación beneficio/riesgo del portafolio es igualmente superior cuando se evidencia que su coeficiente de Sharpe, de 0,65, es superior al del índice, de 0,18, lo que contradice la hipótesis de los mercados eficientes -- La estrategia está diseñada de manera modular, lo que permite la futura inclusión de otras compañías, con la idea de aumentar su robustez
Diseño y propuesta de implementación de indicadores para el análisis de la gestión financiera y social - Caso Caja de Compensación Familiar COMFAMA
(Universidad EAFIT, 2017) Marín Cardona, Flor Alvany; Bedoya Salazar, Diego Alejandro
El mercado evoluciona continuamente y la rápida convergencia entre la data, la información y el conocimiento hace que las empresas busquen nuevos mecanismos y herramientas tecnológicas para generar un valor diferencial del negocio, fomentando el uso de nuevas tecnologías para mejorar la eficiencia operativa, la calidad de los productos y servicios, enfocados en las necesidades de los clientes, que transformen el comportamiento de los usuarios y permitan crear nuevos modelos de negocio -- Las Cajas de Compensación Familiar en Colombia, que forman parte del Sistema del Subsidio Familiar (SSF), desarrollan programas orientados a aliviar las cargas económicas de las familias con ingresos medios y bajos, de tal manera que ayuden a disminuir la vulnerabilidad y a mejorar la calidad de vida de dicha población como parte de la política social del Estado -- Estas empresas de derecho privado sin ánimo de lucro, administran los recursos parafiscales correspondientes al 4% de las nóminas de las empresas públicas y privadas en Colombia -- Dado lo anterior, el presente trabajo pretende diseñar y proponer un modelo de implementación de indicadores para el análisis de la gestión financiera y social de Comfama, que le permitan una mayor proyección con miras a mejorar la atención y necesidades de su población objetivo: Las empresas, los afiliados y sus familias -- Esta propuesta se hará basada en el uso de soluciones analíticas de inteligencia de negocio
Efecto de la aplicación de NIIF sobre el análisis financiero de las empresas cotizantes en bolsa en un mercado emergente
(Universidad EAFIT, 2020) Angel Rojas, Camilo; Chica Zapata, Paola Andrea; Mesa Velásquez, Gloria Stella
With the implementation of the International Financial Reporting Standards, the financial statements presentation of the companies had variations, which implies a possible change in the financial analysis based on the main financial ratios. The objective of this research is to analyze the effects caused by the application of IFRS in the financial analysis carried out through the financial indicators of liquidity, indebtedness, profitability and the ROIC value inducer, of companies in the industrial sector listed on the Stock Exchange Market of Colombia. The methodology used in this paper is descriptive with a longitudinal cut, which allowed us to provide an analysis of the periods between the years 2013 up to 2018, finding that the application of IFRS in Colombia did not have a significant effect on the analysis of the median of the main financial indicators, however, it did have an impact on the analysis of the indicators of profitability of equity, return on invested capital and operating net working capital.

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