Financial analysis of the feed sector in Catalonia
Núria Arimany-Serrat, Laura Carbonés-Trulls, Anna Sabata-Aliberch and Carme Viladecans-Riera
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.