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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