Written by Marc Oliveras

Article 5, Volume 4 Issue 1

Financial analysis of the feed sector in Catalonia

Núria Arimany-Serrat, Laura Carbonés-Trulls, Anna Sabata-Aliberch and Carme Viladecans-Riera

DOI: 10.26595/eamr.2014.4.1.5

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.

Keywords


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

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Written by Marc Oliveras

Article 3, Volume 2 Issue 1:

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

Núria Arimany-Serrat and Carme Viladecans-Riera

DOI: 10.26595/eamr.2014.2.1.3

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.

Keywords


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

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