Article 5, Volume 4 Issue 1

Financial analysis of the feed sector in Catalonia

Author

Núria Arimany-Serrat – (Universitat de Vic-Universitat Central de Catalunya)

Laura Carbonés-Trulls – (Universitat de Vic-Universitat Central de Catalunya)

Anna Sabata-Aliberch – (Universitat de Vic-Universitat Central de Catalunya)

Carme Viladecans-Riera – (Universitat de Vic-Universitat Central de Catalunya)

Received November 7, 2017; accepted November 26, 2017.

Abstract

The study focused on an economic and financial analysis of the animal feed sector in Catalonia during 2008 to 2014. This sector was chosen because of its impact on the value chain of agri-food companies, and its important role in Catalonia, as the region that is the leading animal feed producer in Spain. The instruments used in the analysis identified good short-term solvency; an acceptable level of debt, although of poor quality; and return on equity that were less stable than return on assets, with added value that increased during the study period, due to the increase in net income and the logical capitalization of these companies. The sector was in good economic and financial shape during this period, but improvements should be made in the management of assets and expenses, to boost the appropriate innovation and internationalization of the sector.

El estudio se centró en un análisis económico y financiero del sector de alimentación animal en Cataluña entre 2008 y 2014. Este sector fue elegido por su impacto en la cadena de valor de las empresas agroalimentarias y su importante papel en Cataluña, como la región que es el principal productor de alimentos para animales en España. Los instrumentos utilizados en el análisis identificaron una buena solvencia a corto plazo; un nivel aceptable de deuda, aunque de baja calidad; y el rendimiento del capital que fue menos estable que el rendimiento de los activos, con un valor agregado que aumentó durante el período de estudio, debido al aumento en el ingreso neto y la capitalización lógica de estas empresas. El sector estuvo en buena forma económica y financiera durante este período, pero se deben hacer mejoras en la gestión de activos y gastos, para impulsar la innovación e internacionalización apropiadas del sector.

Citation

Arimany, N., Carbonés, L., Sabata, A., & Viladecans, C. (2017). Financial analysis of the feed sector in Catalonia. European Accounting and Management Review3(2), 89-107.

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Keywords

  • Animal feed sector
  • Capitalization
  • Debt
  • Financial economic analysis
  • Returns and short- term solvency

Palabras clave

  • Sector de alimentación animal
  • Capitalización
  • Deuda
  • Análisis económico financiero
  • Devoluciones y solvencia a corto plazo

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Article 3, Volume 2 Issue 1:

Analysis of the cash flow statement’s usefulness: an empirical study

Author

Núria Arimany-Serrat – (Universitat de Vic)

Carme Viladecans-Riera – (Universitat de Vic)

Received April 20, 2015; accepted November 13, 2015.

Abstract

The basic purpose of this research is to determine the relevance of the cash flow statement (CFS), also known as statement of cash flows, for analysing a company’s financial statements. This has been done by means of an empirical study, showing that, in order to undertake a comprehensive analysis of the company’s equity, economic and financial situation, it is essential to study and analyse the CFS. An experimental study was carried out with students taking a Business Management and Administration degree at Universitat de Vic as well as students on the Accounting and Finance course at Universitat Autònoma de Barcelona, using data from the retail company Mercadona S.A. The ensuing conclusions allow us to state that the CFS is an indispensable document when it comes to undertaking a comprehensive analysis of the company’s financial statements, given that it provides very useful information concerning the company’s short-term financial situation and its investment and financing activity.

El propósito básico de esta investigación es determinar la relevancia del estado de flujo de efectivo (CFS) para analizar los estados financieros de una empresa. Esto se ha realizado mediante un estudio empírico que muestra que, para llevar a cabo un análisis exhaustivo de la situación patrimonial, económica y financiera de la empresa, es esencial estudiar y analizar el CFS. Se realizó un estudio experimental con estudiantes que obtuvieron un título en Administración y Dirección de Empresas en la Universitat de Vic, así como estudiantes en el curso de Contabilidad y Finanzas en la Universitat Autònoma de Barcelona, ​​utilizando datos de la empresa minorista Mercadona SA Las conclusiones que nos permiten afirmar que el CFS es un documento indispensable cuando se trata de realizar un análisis exhaustivo de los estados financieros de la compañía, dado que proporciona información muy útil sobre la situación financiera a corto plazo de la compañía y su actividad de inversión y financiamiento.

Citation

Arimany, N., & Viladecans, C. (2015). Analysis of the Cash Flow Statement’s Usefulness: An Empirical Study. European Accounting and Management Review2(1).

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Keywords

  • Cash flow statement
  • Usefulness
  • Short-term financial analysis
  • Retail company

Palabras clave

  • Estado de flujo de caja
  • Utilidad
  • Análisis financiero a corto plazo
  • Empresa minorista

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