Plantilla Analisis Financiero Gaby

Anlisis de Estados Financieros
Ediciones Contables de El Salvador
Plantilla para anlisis e interpretacin de Estados Financie

Manuel de Jess Fornos Gmez
Ediciones Contables de El Salvador 2014Derechos Reservados
Derechos de autor protegidos por el Registro de Propiedad Intelec
Administracin Financiera I
Entrada de Datos:
Estados Financieros Reestructurados

Formato de reestructuracin
Salida:
Mtodo de Razones Financieras

Mtodo de Variaciones
Mtodo de Ao Base
Mtodo de Base Comn
Mtodo Combinado
s de Estados Financieros
nes Contables de El Salvador

para anlisis e interpretacin de Estados Financieros
Versin 14.3 -26/04/2013
s Contables de El Salvador 2014Derechos Reservados

s de autor protegidos por el Registro de Propiedad Intelectual
ministracin Financiera I
Administracin Financiera 1
Estados Financieros histricos reestructurad

Estado de Resultados
Ventas Netas
- Costo de Ventas
Utilidad Bruta
- Gastos de Administracin monetarios
- Gastos de Venta monetarios
- Depreciacin
- Amortizacin
- Otras Partidas no monetarias que generen escudo fiscal
Gastos de Operacin
Utilidad de Operacin
+Otros Ingresos Gravados
+Otros Ingresos no Gravados
-Otros Gastos Deducibles
-Otros Gastos no Deducibles
Utilidad antes de Intereses e Impuestos [EBIT]
-Gastos Financieros
Utilidad del perodo
- Otros Ingresos no gravados
- Reserva Legal
+ Gastos no Deducibles
Utilidad antes de Impuesto (Base Imponible ISR)
Impuestos
Impuestos diferidos
2009
2010
2011
5,300,963.54
5,922,949.58
7,508,454.61
4,804,186.41
5,332,171.66
6,568,342.78
496,777.13
590,777.92
940,111.83
210,175.83
198,507.08
281,778.00
254,685.89
248,843.88
301,318.53
464,861.72
447,350.96
583,096.53
31,915.41
143,426.96
357,015.30
89,284.34
136,559.63
168,594.86
74,025.65
121,636.27
134,792.26
47,174.10
158,350.32
390,817.90
4,047.78
611.02
1,100.64
43,126.32
157,739.30
389,717.26
0.00
0.00
0.00
3,018.84
11,041.75
27,280.21
0.00
0.00
0.00
40,107.48
146,697.55
362,437.05
10,026.87
36,674.39
90,609.26
Manuel de Jess Fornos Gmez 2009
Partidas extraordinarias
Utilidad Neta
-Dividendos Preferentes
Utilidades Disponibles para los Accionistas (UDA)
-Dividendos Comunes
Incremento en las Utilidades Retenidas
Acciones en Circulacin (Capital social /Precio nominal de accin)
Precio de las Acciones Comunes (Valor de mercado)
Dividendos por Accin
30,080.61
110,023.16
271,827.79
0.00
0.00
0.00
30,080.61
110,023.16
271,827.79
30,080.61
110,023.16
271,827.79
17,200
17,200
17,200
28.20
28.20
28.20
0.00
0.00
0.00
Balance General
2009
2010
2011
Efectivo y Equivalentes
-Estimacin por fluctuaciones en efectivo
Instrumentos Financieros
-Estimacin por fluctuaciones en instrumentos financieros
Cuentas y documentos por Cobrar
-Estimacin por Cuentas Incobrables
Inventarios
-Estimacin por obsolescencia de Inventarios
Otros Activos Corrientes
5,409.79
26,339.84
67,607.42
569,283.49
822,635.41
781,370.07
365,004.90
499,752.13
797,492.89
5,606.48
6,542.54
12,559.71
Activo Corriente
945,304.66
1,355,269.92
1,659,030.09
0.00
0.00
0.00
1,761,394.64
1,733,949.20
1,925,423.44
647,905.57
1,007,280.18
1,349,304.39
0.00
0.00
7,912.50
Inversiones Financieras
- Estimacin por fluctuaciones en inversiones financieras
Inversiones en propiedades
Terrenos
Edificios
Inversiones en bienes muebles
- Depreciacin acumulada de propiedades y bienes muebles
Inversin en activos intangibles
No amortizables (Marcas, licencias, patentes, franquicias, permisos, etc.)
Software
- Amortizacin de activos intangibles
Otros Activos no Corrientes
7,912.50
30,082.41
39,638.49
56,988.10
Activo no Corriente
1,143,571.48
766,307.51
641,019.65
Activos Totales
2,088,876.14
2,121,577.43
2,300,049.74
98,622.45
152,237.87
143,357.77
5,078.51
1,867.27
Cuentas y Documentos por Pagar

Prstamos Bancarios a CP (Incluye porcin corriente de PLP y sobregiros)
Retenciones (Legales y personales)
Manuel de Jess Fornos Gmez
6,316.31
3,092.70
2009
Provisiones (Gastos incurridos)

Otros Pasivos Corrientes
49,034.94
40,526.86
51,944.43
18,232.91
40,080.88
227,554.97
Pasivo Corriente
175,299.31
237,924.12
424,724.44

Prstamos Bancarios a LP
Otras Obligaciones a LP
106,031.76
41,518.60
96,299.19
892,324.81
666,547.25
681,092.42
19,512.36
158,814.65
368,149.12
Pasivo no Corriente
1,017,868.93
866,880.50
1,145,540.73
Pasivos Totales
1,193,168.24
1,104,804.62
1,570,265.17
812,000.00
812,000.00
412,000.00
7,634.82
18,676.57
45,956.78
45,992.47
76,073.08
30,080.61
110,023.16
271,827.79
895,707.90
1,016,772.81
729,784.57
2,088,876.14
2,121,577.43
2,300,049.74
Capital Social
Reservas de capital
Supervits
Utilidades Retenidas
Utilidad del Ejercicio
Patrimonio
Pasivo y Patrimonio
Manuel de Jess Fornos Gmez2014
Ediciones Contables
s reestructurados
2012
2013
8,319,798.00
8,997,771.76
7,334,862.08
7,867,582.54
984,935.92
1,130,189.22
310,506.61
356,645.69
360,630.05
390,336.65
671,136.66
746,982.34
313,799.26
383,206.88
181,946.21
250,478.97
137,595.77
127,597.18
358,149.70
506,088.67
2,385.39
51,250.62
355,764.31
454,838.05
0.00
0.00
24,903.50
31,838.66
0.00
0.00
330,860.81
422,999.39
99,258.24
126,899.82
231,602.57
296,099.57
0.00
0.00
231,602.57
296,099.57
231,602.57
296,099.57
17,200
17,200
28.20
28.20
0.00
0.00
2012
2013
103,047.01
36,176.95
758,449.78
889,421.97
646,308.06
661,043.50
16,135.87
44,925.66
1,523,940.72
1,631,568.08
0.00
0.00
2,006,218.71
4,080,720.31
1,689,222.43
1,790,395.22
3,787.50
0.00
3,787.50
0.00
74,316.07
101,572.94
395,099.85
2,391,898.03
1,919,040.57
4,023,466.11
227,244.58
205,952.80
30,635.26
928.05
2,003.99
71,178.06
124,342.72
152,367.98
56,255.72
451,718.67
419,190.49
63,938.48
32,402.44
250,525.12
121,786.51
416,567.66
2,405,857.80
731,031.26
2,560,046.75
1,182,749.93
2,979,237.24
432,000.00
612,000.00
70,860.28
102,698.94
1,827.79
33,430.36
231,602.57
296,099.57
736,290.64
1,044,228.87
1,919,040.57
4,023,466.11
Razones Financieras
Razones de liquidez y solvencia
Unidad
2009
2010
2011
2012
2013
1. Razn de solvencia (RS) = AC/ PC
5.39
5.70
3.91
3.37
3.89
2. Razn de liquidez (RL) = (Activos liquidos)/PC
3.28
3.57
2.00
1.91
2.21
3. Razn de liquidez Inmediata (RLI): Efectivo y Equivalentes/PC
0.03
0.11
0.16
0.23
0.09
Das
40
54
43
39
39
ANALISIS DE RIESGO DE ILIQUIDEZ
4. Razn de cobertura de egresos monetarios (RCEm) = (Activos liquidos)/((CV+GOM)/365)

ANALISIS DE CAPITAL DE TRABAJO NETO
5. Capital Neto de Trabajo (CNT) = AC - PC
770,005.35
1,117,345.80
1,234,305.65
1,072,222.05
1,212,377.59
Unidad
2009
2010
2011
2012
2013
Veces/ao
13.16
10.67
8.24
11.35
11.90
Das
28
34
44
32
31
8. Rotacin de Cuentas por cobrar (o Cartera RCC) = Ventas / Ctas. por Cobrar netas
Veces/ao
9.31
7.20
9.61
10.97
10.12
9. Perodo Promedio de Cobro (PPC) = Ctas. por Cobrar netas / (Ventas Anuales /365)
Das
39
51
38
33
36
Veces/ao
52.41
35.91
47.89
31.61
38.27
Das
10
12
10
Das
60
75
75
54
57
34
43
40
31
33
3.93
Razones de Administracin de Activos

ANLISIS DE EFICIENCIA EN LA ADMINISTRACION DE INVENTARIOS
6. Rotacin de Inventarios (RI) = Costo de Venta / Inventario neto
7. Perodo promedio de Inventario (PPI) = 365/RI
ANLISIS DE EFICIENCIA EN LA ADMINISTRACION DE CARTERA
ANLISIS DE EFICIENCIA EN LA ADMINISTRACION DE CUENTAS POR PAGAR

10. Rotacin de Cuentas por pagar (RCP)= Compras / Cuentas por pagar
11. Perodo Promedio de Pago (PPP) = 365 / RCP
ANLISIS DE EFICIENCIA EN LA ADMINISTRACION DE EFECTIVO Y EQUIVALENTES
12. Ciclo de conversin de Efectivo (CCE) = PPC + PPI - PPP
13. Ciclo de conversin de Efectivo ponderado (CCEP) = PPC (Wcc) + PPI (Wi)- PPP (Wcp)
ANLISIS DE EFICIENCIA EN LA PRODUCTIVIDAD DE LOS ACTIVOS
14. Rotacin de Activos Fijos (RAF) = Ventas /Activos Fijos Netos
Veces/ao
4.76
8.15
13.03
26.25
15. Rotacin de Activos Totales (RAT) = Ventas / Activos Totales
Veces/ao
2.54
2.79
3.26
4.34
2.24
Unidad
2009
2010
2011
2012
2013
16. Razn de deuda (RD) = Pasivo / Activo
0.57
0.52
0.68
0.62
0.74
17. Razn de autonoma (RA) = Patrimonio / Activo
0.43
0.48
0.32
0.38
0.26
18. Razn Deuda Patrimonio [APALANCAMIENTO EXTERNO] (RDPt)= Pasivo / Patrimonio
1.33
1.09
2.15
1.61
2.85
19. Razn Patrimonio Deuda [APALANCAMIENTO INTERNO] (RPtD)= Patrimonio / Pasivo
0.75
0.92
0.46
0.62
0.35
Razones de Endeudamiento
ANLISIS DE FINANCIAMIENTO AJENO vrs. FINANCIAMIENTO PROPIO
ANLISIS DE APALANCAMIENTO EXTERNO vrs. APALANCAMIENTO INTERNO
ANLISIS DE CAPITALIZACIN EXTERNA vrs. CAPITALIZACIN INTERNA A CORTO Y LARGO PLAZO

20. Razn de capitalizacin externa (RCEx) = Pasivo / Pasivo + patrimonio
53.19%
46.02%
61.08%
49.82%
71.03%
21. Razn de capitalizacin interna (RCInt) =Patrimonio / Pasivo + patrimonio
46.81%
53.98%
38.92%
50.18%
28.97%
22. Razn de capitalizacin a largo plazo (RCLP) =Pasivo no corriente / Pasivo no corriente + patrimonio
53.19%
46.02%
61.08%
49.82%
71.03%
9.87
ANLISIS DE LA CAPACIDAD DE COBERTURA DE INTERESES

23. Razn de Cobertura de Intereses (RCI) = UAII / Gastos Financieros
Veces
11.65
259.16
355.08
150.14
24. Cobertura de EBITDA a intereses = EBITDA / Gastos Financieros
Veces
11.65
259.16
355.08
150.14
9.87
Unidad
2009
2010
2011
2012
2013
25. Rendimiento de Activos Totales (ROA) = Utilidad Neta / Activos Totales
Porcentaje
1.4%
5.2%
11.8%
12.1%
7.4%
26. Rendimiento sobre Capital (ROE) = Utilidad Neta / Patrimonio
Porcentaje
3.4%
10.8%
37.2%
31.5%
28.4%
27. Rentabilidad sobre activos no corrientes Fijos (RAnoCF) = UN / AnoCF
Porcentaje
2.7%
15.1%
47.2%
73.1%
12.9%
Razones de Rentabilidad
ANLISIS DE LA CAPACIDAD DE GENERAR UTILIDADES
ANLISIS DE LOS MRGENES DE UTILIDAD

28. Margen de Utilidad Bruta sobre Ventas = Utilidad Bruta /Ventas
Porcentaje
9.4%
10.0%
12.5%
11.8%
12.6%
29. Margen de Utilidad Operacional = UAII /Ventas --->EBIT/Ventas
Porcentaje
0.89%
2.67%
5.21%
4.30%
5.62%
30. Margen de Utilidad Neta sobre Ventas = Utilidad Neta / Ventas
Porcentaje
0.6%
1.9%
3.6%
2.8%
3.3%
31. Participacin de los costos sobre las Ventas = Costos / Ventas
Porcentaje
90.6%
90.0%
87.5%
88.2%
87.4%
32. Participacin de los gastos sobre las Ventas = Gastos de operacin / Ventas
Porcentaje
8.8%
7.6%
7.8%
8.1%
8.3%
33. Participacin de los costos y gastos sobre las Ventas = Egresos / Ventas
Porcentaje
99.4%
97.6%
95.2%
96.2%
95.7%
506,089
ANLISIS DE LA PARTICIPACIN DE COSTOS Y GASTOS SOBRE LAS VENTAS
ANLISIS DE LA UTILIDAD OPERACIONAL + PARTIDAS NO MONETARIAS

34. EBITDA = EBIT + Depreciacin + Amortizacin
47,174
158,350
390,818
358,150
Unidad
2009
2010
2011
2012
2013
35. Utilidad por Accin (UPA) = UDA /# Acciones en Circulacin
1.75
6.40
15.80
13.47
17.22
36. Razn Precio Utilidades (Valor de Mercado por Accin) = Precio por Accin / UPA
16.12
4.41
1.78
2.09
1.64
37. Valor de mercado a valor en libros = Pmdo/ (Capital/#de acciones)
0.5
0.5
0.7
0.7
0.5
Razones de Valor de Mercado
Ediciones Contables
Mtodo de variacion
Variacin anual en valores absolutos
Regresar a Men
Ventas Netas
- Costo de Ventas
Utilidad Bruta
- Depreciacin
- Amortizacin
Gastos de Operacin
-Gastos Financieros
Utilidad del perodo
- Reserva Legal
Impuestos
Impuestos diferidos
Utilidad Neta
2009
2010
2011
2012
2013
5,300,963.54
5,922,949.58
7,508,454.61
8,319,798.00
8,997,771.76
621,986.04
1,585,505.03
811,343.39
4,804,186.41
5,332,171.66
6,568,342.78
7,334,862.08
7,867,582.54
527,985.25
1,236,171.12
766,519.30
496,777.13
590,777.92
940,111.83
984,935.92
1,130,189.22
94,000.79
349,333.91
44,824.09
210,175.83
198,507.08
281,778.00
310,506.61
356,645.69
-11,668.75
83,270.92
28,728.61
254,685.89
248,843.88
301,318.53
360,630.05
390,336.65
-5,842.01
52,474.65
59,311.52
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
464,861.72
447,350.96
583,096.53
671,136.66
746,982.34
-17,510.76
135,745.57
88,040.13
31,915.41
143,426.96
357,015.30
313,799.26
383,206.88
111,511.55
213,588.34
-43,216.04
89,284.34
136,559.63
168,594.86
181,946.21
250,478.97
47,275.29
32,035.23
13,351.35
0.00
0.00
0.00
0.00
0.00
74,025.65
121,636.27
134,792.26
137,595.77
127,597.18
47,610.62
13,155.99
2,803.51
0.00
0.00
0.00
0.00
0.00
47,174.10
158,350.32
390,817.90
358,149.70
506,088.67
111,176.22
232,467.58
-32,668.20
4,047.78
611.02
1,100.64
2,385.39
51,250.62
-3,436.76
489.62
1,284.75
43,126.32
157,739.30
389,717.26
355,764.31
454,838.05
114,612.98
231,977.96
-33,952.95
0.00
0.00
0.00
0.00
0.00
3,018.84
11,041.75
27,280.21
24,903.50
31,838.66
8,022.91
16,238.46
-2,376.71
0.00
0.00
0.00
0.00
0.00
40,107.48
146,697.55
362,437.05
330,860.81
422,999.39
106,590.07
215,739.50
-31,576.24
10,026.87
36,674.39
90,609.26
99,258.24
126,899.82
26,647.52
53,934.87
8,648.98
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
30,080.61
110,023.16
271,827.79
231,602.57
296,099.57
79,942.55
161,804.63
-40,225.22
2009
2010
2010
2011
2011
Variacin anual en valores absolutos
Balance General
2009
2010
2011
2012
2013
5,409.79
26,339.84
67,607.42
103,047.01
36,176.95
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
569,283.49
822,635.41
781,370.07
758,449.78
0.00
365,004.90
0.00
499,752.13
0.00
797,492.89
0.00
0.00
5,606.48
Activo Corriente
2009
2010
2010
2011
2011
20,930.05
41,267.58
35,439.59
889,421.97
253,351.92
-41,265.34
-22,920.29
0.00
646,308.06
0.00
661,043.50
134,747.23
297,740.76
-151,184.83
0.00
0.00
0.00
6,542.54
12,559.71
16,135.87
44,925.66
936.06
6,017.17
3,576.16
945,304.66
1,355,269.92
1,659,030.09
1,523,940.72
1,631,568.08
409,965.26
303,760.17
-135,089.37
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,761,394.64
1,733,949.20
1,925,423.44
2,006,218.71
4,080,720.31
-27,445.44
191,474.24
80,795.27
647,905.57
1,007,280.18
1,349,304.39
1,689,222.43
1,790,395.22
359,374.61
342,024.21
339,918.04
0.00
0.00
7,912.50
3,787.50
0.00
7,912.50
-4,125.00
0.00
0.00
0.00
0.00
0.00
30,082.41
39,638.49
56,988.10
74,316.07
101,572.94
9,556.08
17,349.61
17,327.97
Activo no Corriente
1,143,571.48
766,307.51
641,019.65
395,099.85
2,391,898.03
-377,263.97
-125,287.86
-245,919.80
Activos Totales
2,088,876.14
2,121,577.43
2,300,049.74
1,919,040.57
4,023,466.11
32,701.29
178,472.31
-381,009.17
98,622.45
152,237.87
143,357.77
227,244.58
205,952.80
53,615.42
-8,880.10
83,886.81
6,316.31
0.00
0.00
0.00
30,635.26
-6,316.31
3,092.70
5,078.51
1,867.27
928.05
2,003.99
1,985.81
-3,211.24
-939.22
49,034.94
40,526.86
51,944.43
71,178.06
124,342.72
-8,508.08
11,417.57
19,233.63
18,232.91
40,080.88
227,554.97
152,367.98
56,255.72
21,847.97
187,474.09
-75,186.99
Pasivo Corriente
175,299.31
237,924.12
424,724.44
451,718.67
419,190.49
62,624.81
186,800.32
26,994.23
106,031.76
41,518.60
96,299.19
63,938.48
32,402.44
-64,513.16
54,780.59
-32,360.71
892,324.81
666,547.25
681,092.42
250,525.12
121,786.51
-225,777.56
14,545.17
-430,567.30
19,512.36
158,814.65
368,149.12
416,567.66
2,405,857.80
139,302.29
209,334.47
48,418.54
Pasivo no Corriente
1,017,868.93
866,880.50
1,145,540.73
731,031.26
2,560,046.75
-150,988.43
278,660.23
-414,509.47
Pasivos Totales
1,193,168.24
1,104,804.62
1,570,265.17
1,182,749.93
2,979,237.24
-88,363.62
465,460.55
-387,515.24
812,000.00
812,000.00
412,000.00
432,000.00
612,000.00
-400,000.00
20,000.00

Inventarios

Capital Social
0.00
Reservas de capital
7,634.82
18,676.57
45,956.78
70,860.28
102,698.94
0.00
0.00
0.00
0.00
0.00
45,992.47
76,073.08
0.00
1,827.79
30,080.61
110,023.16
271,827.79
895,707.90
1,016,772.81
2,088,876.14
2,121,577.43
Supervits
Patrimonio
Pasivo y Patrimonio
11,041.75
27,280.21
24,903.50
33,430.36
30,080.61
-76,073.08
1,827.79
231,602.57
296,099.57
79,942.55
161,804.63
-40,225.22
729,784.57
736,290.64
1,044,228.87
121,064.91
-286,988.24
6,506.07
2,300,049.74
1,919,040.57
4,023,466.11
32,701.29
178,472.31
-381,009.17
Ediciones Contables
ciones
valores absolutos
2012
Variacin anual en valores porcentuales
2012
2013
2009
2010
2010
2011
2011
2012
2012
2013
811,343.39
677,973.76
11.73%
26.77%
10.81%
8.15%
766,519.30
532,720.46
10.99%
23.18%
11.67%
7.26%
44,824.09
145,253.30
18.92%
59.13%
4.77%
14.75%
28,728.61
46,139.08
-5.55%
41.95%
10.20%
14.86%
59,311.52
29,706.60
-2.29%
21.09%
19.68%
8.24%
88,040.13
75,845.68
-3.77%
30.34%
15.10%
11.30%
-43,216.04
69,407.62
349.40%
148.92%
-12.10%
22.12%
13,351.35
68,532.76
52.95%
23.46%
7.92%
37.67%
2,803.51
-9,998.59
64.32%
10.82%
2.08%
-7.27%
-32,668.20
147,938.97
235.67%
146.81%
-8.36%
41.31%
1,284.75
48,865.23
-84.90%
80.13%
116.73%
2048.52%
-33,952.95
99,073.74
265.76%
147.06%
-8.71%
27.85%
-2,376.71
6,935.16
265.76%
147.06%
-8.71%
27.85%
-31,576.24
92,138.58
265.76%
147.06%
-8.71%
27.85%
8,648.98
27,641.58
265.76%
147.06%
9.55%
27.85%
-40,225.22
64,497.00
265.76%
147.06%
-14.80%
27.85%
valores absolutos
Variacin anual en valores porcentuales
2012
2012
2013
2009
2010
2010
2011
2011
2012
2012
2013
35,439.59
-66,870.06
386.89%
156.67%
52.42%
-64.89%
-22,920.29
130,972.19
44.50%
-5.02%
-2.93%
17.27%
-151,184.83
14,735.44
36.92%
59.58%
-18.96%
2.28%
3,576.16
28,789.79
16.70%
91.97%
28.47%
178.42%
-135,089.37
107,627.36
43.37%
22.41%
-8.14%
7.06%
80,795.27
2,074,501.60
-1.56%
11.04%
4.20%
103.40%
339,918.04
101,172.79
55.47%
33.96%
25.19%
5.99%
-4,125.00
-3,787.50
#DIV/0!
-52.13%
-100.00%
17,327.97
27,256.87
31.77%
43.77%
30.41%
36.68%
-245,919.80
1,996,798.18
-32.99%
-16.35%
-38.36%
505.39%
-381,009.17
2,104,425.54
1.57%
8.41%
-16.57%
109.66%
83,886.81
-21,291.78
54.36%
-5.83%
58.52%
-9.37%
30,635.26
-100.00%
-939.22
1,075.94
64.21%
-63.23%
-50.30%
115.94%
19,233.63
53,164.66
-17.35%
28.17%
37.03%
74.69%
-75,186.99
-96,112.26
119.83%
467.74%
-33.04%
-63.08%
26,994.23
-32,528.18
35.72%
78.51%
6.36%
-7.20%
-32,360.71
-31,536.04
-60.84%
131.94%
-33.60%
-49.32%
-430,567.30
-128,738.61
-25.30%
2.18%
-63.22%
-51.39%
48,418.54
1,989,290.14
713.92%
131.81%
13.15%
477.54%
-414,509.47
1,829,015.49
-14.83%
32.15%
-36.18%
250.20%
-387,515.24
1,796,487.31
-7.41%
42.13%
-24.68%
151.89%
20,000.00
180,000.00
-49.26%
4.85%
41.67%
#DIV/0!
24,903.50
31,838.66
144.62%
146.07%
54.19%
44.93%
1,827.79
31,602.57
65.40%
-100.00%
#DIV/0!
1729.00%
-40,225.22
64,497.00
265.76%
147.06%
-14.80%
27.85%
6,506.07
307,938.23
13.52%
-28.23%
0.89%
41.82%
-381,009.17
2,104,425.54
1.57%
8.41%
-16.57%
109.66%
Mtodo de Ao Base
En valores absolutos
Regresar a Men
Ventas Netas
- Costo de Ventas
Utilidad Bruta
- Depreciacin
- Amortizacin
Gastos de Operacin
-Gastos Financieros
Utilidad del perodo
- Reserva Legal
Impuestos
Impuestos diferidos
Utilidad Neta
2009
0%
5,300,963.54
4,804,186.41
496,777.13
210,175.83
254,685.89
0.00
0.00
0.00
464,861.72
31,915.41
89,284.34
0.00
74,025.65
0.00
47,174.10
4,047.78
43,126.32
0.00
3,018.84
0.00
40,107.48
10,026.87
0.00
0.00
30,080.61
2010
2011
En porc
2012
5,922,949.58
7,508,454.61
8,319,798.00
5,332,171.66
6,568,342.78
7,334,862.08
590,777.92
940,111.83
984,935.92
198,507.08
281,778.00
310,506.61
248,843.88
301,318.53
360,630.05
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
447,350.96
583,096.53
671,136.66
143,426.96
357,015.30
313,799.26
136,559.63
168,594.86
181,946.21
0.00
0.00
0.00
121,636.27
134,792.26
137,595.77
0.00
0.00
0.00
158,350.32
390,817.90
358,149.70
611.02
1,100.64
2,385.39
157,739.30
389,717.26
355,764.31
0.00
0.00
0.00
11,041.75
27,280.21
24,903.50
0.00
0.00
0.00
146,697.55
362,437.05
330,860.81
36,674.39
90,609.26
99,258.24
0.00
0.00
0.00
0.00
0.00
0.00
110,023.16
271,827.79
231,602.57
2013
2009
8,997,771.76
7,867,582.54
1,130,189.22
356,645.69
390,336.65
0.00
0.00
0.00
746,982.34
383,206.88
250,478.97
0.00
127,597.18
0.00
506,088.67
51,250.62
454,838.05
0.00
31,838.66
0.00
422,999.39
126,899.82
0.00
0.00
296,099.57
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
En porc
Balance General
2009
2010
2011
2012
2013
2009
5,409.79
26,339.84
67,607.42
103,047.01
36,176.95
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
569,283.49
822,635.41
781,370.07
758,449.78
889,421.97
100.00%

Inventarios
0.00
365,004.90
0.00
499,752.13
0.00
797,492.89
0.00
646,308.06
0.00
661,043.50
100.00%
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
5,606.48
6,542.54
12,559.71
16,135.87
44,925.66
100.00%
945,304.66
1,355,269.92
1,659,030.09
1,523,940.72
1,631,568.08
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
1,761,394.64
1,733,949.20
1,925,423.44
2,006,218.71
4,080,720.31
100.00%
647,905.57
1,007,280.18
1,349,304.39
1,689,222.43
1,790,395.22
100.00%
0.00
0.00
7,912.50
3,787.50
0.00
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
30,082.41
39,638.49
56,988.10
74,316.07
101,572.94
100.00%
Activo no Corriente
1,143,571.48
766,307.51
641,019.65
395,099.85
2,391,898.03
100.00%
Activos Totales
2,088,876.14
2,121,577.43
2,300,049.74
1,919,040.57
4,023,466.11
100.00%
98,622.45
152,237.87
143,357.77
227,244.58
205,952.80
100.00%
6,316.31
0.00
0.00
0.00
30,635.26
100.00%
3,092.70
5,078.51
1,867.27
928.05
2,003.99
100.00%
49,034.94
40,526.86
51,944.43
71,178.06
124,342.72
100.00%
18,232.91
40,080.88
227,554.97
152,367.98
56,255.72
100.00%
Pasivo Corriente
175,299.31
237,924.12
424,724.44
451,718.67
419,190.49
100.00%
106,031.76
41,518.60
96,299.19
63,938.48
32,402.44
100.00%
892,324.81
666,547.25
681,092.42
250,525.12
121,786.51
100.00%
19,512.36
158,814.65
368,149.12
416,567.66
2,405,857.80
100.00%
Pasivo no Corriente
1,017,868.93
866,880.50
1,145,540.73
731,031.26
2,560,046.75
100.00%
Pasivos Totales
1,193,168.24
1,104,804.62
1,570,265.17
1,182,749.93
2,979,237.24
100.00%
812,000.00
812,000.00
412,000.00
432,000.00
612,000.00
100.00%
7,634.82
18,676.57
45,956.78
70,860.28
102,698.94
100.00%
0.00
0.00
0.00
0.00
0.00
100.00%
45,992.47
76,073.08
0.00
1,827.79
33,430.36
100.00%
30,080.61
110,023.16
271,827.79
231,602.57
296,099.57
100.00%
Patrimonio
895,707.90
1,016,772.81
729,784.57
736,290.64
1,044,228.87
100.00%
2,088,876.14
2,121,577.43
2,300,049.74
1,919,040.57
4,023,466.11
100.00%

Activo Corriente

Capital Social
Reservas de capital
Supervits
Pasivo y Patrimonio
0.00
Ediciones Contables
ase
En porcentajes ao base
2009
2010
2011
2012
2013
111.73%
110.99%
118.92%
94.45%
97.71%
141.64%
136.72%
189.24%
134.07%
118.31%
156.95%
152.68%
198.27%
147.74%
141.60%
169.74%
163.77%
227.50%
169.69%
153.26%
96.23%
449.40%
152.95%
125.43%
1118.63%
188.83%
144.37%
983.22%
203.78%
160.69%
1200.70%
280.54%
164.32%
182.09%
185.88%
172.37%
335.67%
15.10%
365.76%
828.46%
27.19%
903.66%
759.21%
58.93%
824.94%
1072.81%
1266.14%
1054.66%
365.76%
903.67%
824.94%
1054.67%
365.76%
365.76%
903.66%
903.66%
824.94%
989.92%
1054.66%
1265.60%
365.76%
903.66%
En porcentajes ao base
769.94%
984.35%
2009
2010
2011
2012
2013
486.89%
1249.72%
1904.82%
668.73%
144.50%
137.26%
133.23%
156.24%
136.92%
218.49%
177.07%
181.11%
116.70%
224.02%
287.81%
801.32%
143.37%
175.50%
161.21%
172.60%
98.44%
109.31%
113.90%
231.68%
155.47%
208.26%
260.72%
276.34%
131.77%
189.44%
247.04%
337.65%
67.01%
56.05%
34.55%
209.16%
101.57%
110.11%
91.87%
192.61%
154.36%
145.36%
230.42%
208.83%
0.00%
0.00%
0.00%
485.02%
164.21%
60.38%
30.01%
64.80%
82.65%
105.93%
145.16%
253.58%
219.83%
1248.05%
835.68%
308.54%
135.72%
242.29%
257.68%
239.13%
39.16%
90.82%
60.30%
30.56%
74.70%
76.33%
28.08%
13.65%
813.92%
1886.75%
2134.89%
12329.92%
85.17%
112.54%
71.82%
251.51%
92.59%
131.60%
99.13%
249.69%
100.00%
50.74%
53.20%
75.37%
244.62%
601.94%
928.12%
1345.14%
165.40%
0.00%
3.97%
72.69%
365.76%
903.66%
769.94%
984.35%
113.52%
81.48%
82.20%
116.58%
101.57%
110.11%
91.87%
192.61%
Mtodo de Base Comn

Regresar a Men
En porce
2009
2010
2011
2012
2013
2009
5,300,963.54
4,804,186.41
496,777.13
210,175.83
254,685.89
0.00
0.00
0.00
464,861.72
31,915.41
89,284.34
0.00
74,025.65
0.00
47,174.10
4,047.78
43,126.32
0.00
3,018.84
0.00
40,107.48
10,026.87
0.00
0.00
30,080.61
5,922,949.58
5,332,171.66
590,777.92
198,507.08
248,843.88
0.00
0.00
0.00
447,350.96
143,426.96
136,559.63
0.00
121,636.27
0.00
158,350.32
611.02
157,739.30
0.00
11,041.75
0.00
146,697.55
36,674.39
0.00
0.00
110,023.16
7,508,454.61
6,568,342.78
940,111.83
281,778.00
301,318.53
0.00
0.00
0.00
583,096.53
357,015.30
168,594.86
0.00
134,792.26
0.00
390,817.90
1,100.64
389,717.26
0.00
27,280.21
0.00
362,437.05
90,609.26
0.00
0.00
271,827.79
8,319,798.00
7,334,862.08
984,935.92
310,506.61
360,630.05
0.00
0.00
0.00
671,136.66
313,799.26
181,946.21
0.00
137,595.77
0.00
358,149.70
2,385.39
355,764.31
0.00
24,903.50
0.00
330,860.81
99,258.24
0.00
0.00
231,602.57
8,997,771.76
7,867,582.54
1,130,189.22
356,645.69
390,336.65
0.00
0.00
0.00
746,982.34
383,206.88
250,478.97
0.00
127,597.18
0.00
506,088.67
51,250.62
454,838.05
0.00
31,838.66
0.00
422,999.39
126,899.82
0.00
0.00
296,099.57
100.00%
Balance General
2009
2010
2011
2012
2013
2009
5,409.79
26,339.84
67,607.42
103,047.01
36,176.95
0.26%
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ventas Netas
- Costo de Ventas
Utilidad Bruta
- Depreciacin
- Amortizacin
Gastos de Operacin
-Gastos Financieros
Utilidad del perodo
- Reserva Legal
Impuestos
Impuestos diferidos
Utilidad Neta
0%
90.63%
9.37%
3.96%
4.80%
8.77%
0.60%
1.68%
1.40%
0.89%
0.08%
0.81%
0.06%
0.76%
0.19%
0.57%
0.00
0.00
0.00
0.00
0.00
569,283.49
822,635.41
781,370.07
758,449.78
889,421.97
27.25%
0.00
365,004.90
0.00
499,752.13
0.00
797,492.89
0.00
646,308.06
0.00
661,043.50
17.47%
0.00
0.00
0.00
0.00
0.00
5,606.48
6,542.54
12,559.71
16,135.87
44,925.66
0.27%
945,304.66
1,355,269.92
1,659,030.09
1,523,940.72
1,631,568.08
45.25%
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
1,761,394.64
1,733,949.20
1,925,423.44
2,006,218.71
4,080,720.31
84.32%
647,905.57
1,007,280.18
1,349,304.39
1,689,222.43
1,790,395.22
31.02%
0.00
0.00
7,912.50
3,787.50
0.00
0.00
0.00
0.00
0.00
0.00
30,082.41
39,638.49
56,988.10
74,316.07
101,572.94
1.44%
Activo no Corriente
1,143,571.48
766,307.51
641,019.65
395,099.85
2,391,898.03
54.75%
Activos Totales
2,088,876.14
2,121,577.43
2,300,049.74
1,919,040.57
4,023,466.11
100.00%
98,622.45
152,237.87
143,357.77
227,244.58
205,952.80
4.72%
6,316.31
0.00
0.00
0.00
30,635.26
0.30%
3,092.70
5,078.51
1,867.27
928.05
2,003.99
0.15%
49,034.94
40,526.86
51,944.43
71,178.06
124,342.72
2.35%
18,232.91
40,080.88
227,554.97
152,367.98
56,255.72
0.87%
Pasivo Corriente
175,299.31
237,924.12
424,724.44
451,718.67
419,190.49
8.39%
106,031.76
41,518.60
96,299.19
63,938.48
32,402.44
5.08%
892,324.81
666,547.25
681,092.42
250,525.12
121,786.51
42.72%
19,512.36
158,814.65
368,149.12
416,567.66
2,405,857.80
0.93%
Pasivo no Corriente
1,017,868.93
866,880.50
1,145,540.73
731,031.26
2,560,046.75
48.73%
Pasivos Totales
1,193,168.24
1,104,804.62
1,570,265.17
1,182,749.93
2,979,237.24
57.12%
812,000.00
812,000.00
412,000.00
432,000.00
612,000.00
38.87%
7,634.82
18,676.57
45,956.78
70,860.28
102,698.94
0.37%
0.00
0.00
0.00
0.00
0.00
45,992.47
76,073.08
0.00
1,827.79
33,430.36
2.20%
30,080.61
110,023.16
271,827.79
231,602.57
296,099.57
1.44%

Inventarios
0.00

Activo Corriente

Capital Social
Reservas de capital
Supervits
Patrimonio
Pasivo y Patrimonio
895,707.90
1,016,772.81
729,784.57
736,290.64
1,044,228.87
42.88%
2,088,876.14
2,121,577.43
2,300,049.74
1,919,040.57
4,023,466.11
100.00%
Ediciones Contables
omn
En porcentajes base comn
2010
2011
2012
2013
100.00%
100.00%
100.00%
100.00%
90.03%
9.97%
3.35%
4.20%
87.48%
12.52%
3.75%
4.01%
88.16%
11.84%
3.73%
4.33%
87.44%
12.56%
3.96%
4.34%
7.55%
2.42%
2.31%
7.77%
4.75%
2.25%
8.07%
3.77%
2.19%
8.30%
4.26%
2.78%
2.05%
1.80%
1.65%
1.42%
2.67%
0.01%
2.66%
5.21%
0.01%
5.19%
4.30%
0.03%
4.28%
5.62%
0.57%
5.06%
0.19%
0.36%
0.30%
0.35%
2.48%
0.62%
4.83%
1.21%
3.98%
1.19%
4.70%
1.41%
1.86%
3.62%
2.78%
3.29%
2010
2011
2012
2013
1.24%
2.94%
5.37%
0.90%
38.77%
33.97%
39.52%
22.11%
23.56%
34.67%
33.68%
16.43%
0.31%
0.55%
0.84%
1.12%
63.88%
72.13%
79.41%
40.55%
81.73%
83.71%
104.54%
101.42%
47.48%
58.66%
88.02%
44.50%
0.34%
0.20%
1.87%
2.48%
3.87%
2.52%
36.12%
27.87%
20.59%
59.45%
100.00%
100.00%
100.00%
100.00%
7.18%
6.23%
11.84%
5.12%
0.24%
0.08%
0.05%
0.05%
1.91%
2.26%
3.71%
3.09%
1.89%
9.89%
7.94%
1.40%
11.21%
18.47%
23.54%
10.42%
1.96%
4.19%
3.33%
0.81%
31.42%
29.61%
13.05%
3.03%
7.49%
16.01%
21.71%
59.80%
40.86%
49.81%
38.09%
63.63%
52.07%
68.27%
61.63%
74.05%
38.27%
17.91%
22.51%
15.21%
0.88%
2.00%
3.69%
2.55%
0.10%
0.83%
12.07%
7.36%
0.76%
3.59%
5.19%
11.82%
47.93%
31.73%
38.37%
25.95%
100.00%
100.00%
100.00%
100.00%
Mtodo Combinado
Regresar a Men
En porcentajes base comn
2009
2010
2011
2012
2013
2009
2010
2011
2012
5,300,963.54
4,804,186.41
496,777.13
210,175.83
254,685.89
0.00
0.00
0.00
464,861.72
31,915.41
89,284.34
0.00
74,025.65
0.00
47,174.10
4,047.78
43,126.32
0.00
3,018.84
0.00
40,107.48
10,026.87
0.00
0.00
30,080.61
5,922,949.58
5,332,171.66
590,777.92
198,507.08
248,843.88
0.00
0.00
0.00
447,350.96
143,426.96
136,559.63
0.00
121,636.27
0.00
158,350.32
611.02
157,739.30
0.00
11,041.75
0.00
146,697.55
36,674.39
0.00
0.00
110,023.16
7,508,454.61
6,568,342.78
940,111.83
281,778.00
301,318.53
0.00
0.00
0.00
583,096.53
357,015.30
168,594.86
0.00
134,792.26
0.00
390,817.90
1,100.64
389,717.26
0.00
27,280.21
0.00
362,437.05
90,609.26
0.00
0.00
271,827.79
8,319,798.00
7,334,862.08
984,935.92
310,506.61
360,630.05
0.00
0.00
0.00
671,136.66
313,799.26
181,946.21
0.00
137,595.77
0.00
358,149.70
2,385.39
355,764.31
0.00
24,903.50
0.00
330,860.81
99,258.24
0.00
0.00
231,602.57
8,997,771.76
7,867,582.54
1,130,189.22
356,645.69
390,336.65
0.00
0.00
0.00
746,982.34
383,206.88
250,478.97
0.00
127,597.18
0.00
506,088.67
51,250.62
454,838.05
0.00
31,838.66
0.00
422,999.39
126,899.82
0.00
0.00
296,099.57
100.00%
90.63%
9.37%
3.96%
4.80%
0.00%
0.00%
0.00%
8.77%
0.60%
1.68%
0.00%
1.40%
0.00%
0.89%
0.08%
0.81%
0.00%
0.06%
0.00%
0.76%
0.19%
0.00%
0.00%
0.57%
100%
90.03%
9.97%
3.35%
4.20%
0.00%
0.00%
0.00%
7.55%
2.42%
2.31%
0.00%
2.05%
0.00%
2.67%
0.01%
2.66%
0.00%
0.19%
0.00%
2.48%
0.62%
0.00%
0.00%
1.86%
100%
87.48%
12.52%
3.75%
4.01%
0.00%
0.00%
0.00%
7.77%
4.75%
2.25%
0.00%
1.80%
0.00%
5.21%
0.01%
5.19%
0.00%
0.36%
0.00%
4.83%
1.21%
0.00%
0.00%
3.62%
100%
88.16%
11.84%
3.73%
4.33%
0.00%
0.00%
0.00%
8.07%
3.77%
2.19%
0.00%
1.65%
0.00%
4.30%
0.03%
4.28%
0.00%
0.30%
0.00%
3.98%
1.19%
0.00%
0.00%
2.78%
Balance General
2009
2010
2011
2012
2013
2009
2010
2011
2012
5,409.79
26,339.84
67,607.42
103,047.01
36,176.95
0.26%
1.24%
2.94%
5.37%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
Ventas Netas
- Costo de Ventas
Utilidad Bruta
- Depreciacin
- Amortizacin
Gastos de Operacin
-Gastos Financieros
Utilidad del perodo
- Reserva Legal
Impuestos
Impuestos diferidos
Utilidad Neta

0%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
569,283.49
822,635.41
781,370.07
758,449.78
889,421.97
27.25%
38.77%
33.97%
39.52%

Inventarios
0.00
0.00
365,004.90
0.00
499,752.13
0.00
797,492.89
0.00
646,308.06
0.00
661,043.50
0.00%
17.47%
0.00%
23.56%
0.00%
34.67%
0.00%
33.68%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
5,606.48
6,542.54
12,559.71
16,135.87
44,925.66
0.27%
0.31%
0.55%
0.84%
945,304.66
1,355,269.92
1,659,030.09
1,523,940.72
1,631,568.08
45.25%
63.88%
72.13%
79.41%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
1,761,394.64
1,733,949.20
1,925,423.44
2,006,218.71
4,080,720.31
84.32%
81.73%
83.71%
104.54%
647,905.57
1,007,280.18
1,349,304.39
1,689,222.43
1,790,395.22
31.02%
47.48%
58.66%
88.02%
0.00
0.00
7,912.50
3,787.50
0.00
0.00%
0.00%
0.34%
0.20%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%
30,082.41
39,638.49
56,988.10
74,316.07
101,572.94
1.44%
1.87%
2.48%
3.87%
Activo no Corriente
1,143,571.48
766,307.51
641,019.65
395,099.85
2,391,898.03
54.75%
36.12%
27.87%
20.59%
Activos Totales
2,088,876.14
2,121,577.43
2,300,049.74
1,919,040.57
4,023,466.11
100.00%
100.00%
100.00%
100.00%
98,622.45
152,237.87
143,357.77
227,244.58
205,952.80
4.72%
7.18%
6.23%
11.84%
6,316.31
0.00
0.00
0.00
30,635.26
0.30%
0.00%
0.00%
0.00%
3,092.70
5,078.51
1,867.27
928.05
2,003.99
0.15%
0.24%
0.08%
0.05%
49,034.94
40,526.86
51,944.43
71,178.06
124,342.72
2.35%
1.91%
2.26%
3.71%
18,232.91
40,080.88
227,554.97
152,367.98
56,255.72
0.87%
1.89%
9.89%
7.94%
Pasivo Corriente
175,299.31
237,924.12
424,724.44
451,718.67
419,190.49
8.39%
11.21%
18.47%
23.54%
106,031.76
41,518.60
96,299.19
63,938.48
32,402.44
5.08%
1.96%
4.19%
3.33%
892,324.81
666,547.25
681,092.42
250,525.12
121,786.51
42.72%
31.42%
29.61%
13.05%
19,512.36
158,814.65
368,149.12
416,567.66
2,405,857.80
0.93%
7.49%
16.01%
21.71%
Pasivo no Corriente
1,017,868.93
866,880.50
1,145,540.73
731,031.26
2,560,046.75
48.73%
40.86%
49.81%
38.09%
Pasivos Totales
1,193,168.24
1,104,804.62
1,570,265.17
1,182,749.93
2,979,237.24
57.12%
52.07%
68.27%
61.63%
812,000.00
812,000.00
412,000.00
432,000.00
612,000.00
38.87%
38.27%
17.91%
22.51%
7,634.82
18,676.57
45,956.78
70,860.28
102,698.94
0.37%
0.88%
2.00%
3.69%
0.00
0.00
0.00
0.00
0.00
0.00%
0.00%
0.00%
0.00%

Activo Corriente

Capital Social
Reservas de capital
Supervits
45,992.47
76,073.08
0.00
1,827.79
33,430.36
2.20%
3.59%
0.00%
0.10%
30,080.61
110,023.16
271,827.79
231,602.57
296,099.57
1.44%
5.19%
11.82%
12.07%
Patrimonio
895,707.90
1,016,772.81
729,784.57
736,290.64
1,044,228.87
42.88%
47.93%
31.73%
38.37%
2,088,876.14
2,121,577.43
2,300,049.74
1,919,040.57
4,023,466.11
100.00%
100.00%
100.00%
100.00%
Pasivo y Patrimonio
Ediciones Contables
do
comn
Mtodo combinado
2013
2009
2010
2011
2012
2013
100%
87.44%
12.56%
3.96%
4.34%
0.00%
0.00%
0.00%
8.30%
4.26%
2.78%
0.00%
1.42%
0.00%
5.62%
0.57%
5.06%
0.00%
0.35%
0.00%
4.70%
1.41%
0.00%
0.00%
3.29%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
99.33%
106.43%
84.53%
87.45%
100.00%
96.53%
133.60%
94.65%
83.53%
100.00%
97.28%
126.32%
94.13%
90.22%
100.00%
96.48%
134.03%
99.97%
90.29%
86.13%
402.20%
136.89%
88.56%
789.75%
133.31%
91.99%
626.46%
129.84%
94.67%
707.38%
165.28%
147.06%
128.55%
118.43%
101.55%
300.42%
13.51%
327.35%
584.89%
19.20%
637.99%
483.73%
37.55%
525.61%
632.04%
745.94%
621.35%
327.35%
637.99%
525.61%
621.35%
327.35%
327.35%
637.99%
637.99%
525.61%
630.73%
621.35%
745.62%
327.35%
637.99%
490.57%
579.92%
2013
2009
2010
2011
2012
2013
0.90%
100.00%
479.39%
1134.98%
2073.40%
347.19%
0.00%
100.00%
0.00%
100.00%
0.00%
100.00%
22.11%
100.00%
142.28%
124.65%
145.02%
81.11%
0.00%
16.43%
100.00%
100.00%
0.00%
100.00%
1.12%
134.81%
198.43%
192.74%
94.03%
100.00%
114.90%
203.45%
313.28%
416.02%
40.55%
100.00%
141.16%
159.39%
175.48%
89.61%
0.00%
100.00%
0.00%
100.00%
0.00%
100.00%
101.42%
100.00%
96.92%
99.28%
123.98%
120.28%
44.50%
100.00%
153.07%
189.14%
283.79%
143.47%
0.00%
100.00%
0.00%
100.00%
2.52%
100.00%
129.74%
172.05%
268.90%
175.30%
59.45%
100.00%
65.98%
50.91%
37.61%
108.59%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
5.12%
100.00%
151.98%
132.01%
250.81%
108.42%
1.60%
100.00%
0.00%
0.00%
0.00%
527.94%
0.05%
100.00%
161.68%
54.83%
32.66%
33.64%
3.09%
100.00%
81.38%
96.21%
158.00%
131.65%
1.40%
100.00%
216.44%
1133.46%
909.63%
160.19%
11.25%
100.00%
133.63%
220.04%
280.49%
134.10%
0.81%
100.00%
38.55%
82.48%
65.64%
15.87%
3.03%
100.00%
73.55%
69.32%
30.56%
7.09%
59.80%
100.00%
801.37%
1713.52%
2323.83%
6401.36%
63.63%
100.00%
83.85%
102.21%
78.18%
130.58%
74.05%
100.00%
91.17%
119.52%
107.90%
129.63%
15.21%
100.00%
98.46%
46.08%
57.91%
39.13%
2.55%
100.00%
240.85%
546.67%
1010.26%
698.36%
0.00%
100.00%
0.83%
100.00%
162.85%
0.00%
4.33%
37.74%
7.36%
100.00%
360.12%
820.70%
838.08%
511.05%
25.95%
100.00%
111.77%
74.00%
89.48%
60.53%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
Estados Financieros histricos reestructurad

Ventas Netas
- Costo de Ventas
Utilidad Bruta
- Depreciacin
- Amortizacin
Gastos de Operacin
-Gastos Financieros
Utilidad del perodo
- Reserva Legal
Impuestos
Impuestos diferidos
Utilidad Neta
-Dividendos Preferentes
Utilidades Disponibles para los Accionistas (UDA)
-Dividendos Comunes
Incremento en las Utilidades Retenidas
Acciones en Circulacin (Capital social /Precio nominal de accin)
Precio de las Acciones Comunes (Valor de mercado)
Dividendos por Accin
Balance General
Inventarios
Activo Corriente
Terrenos
Edificios
No amortizables (Marcas, licencias, patentes, franquicias, permisos, etc.)
Software
Activo no Corriente
Activos Totales

Pasivo Corriente
Pasivo no Corriente
Pasivos Totales
Capital Social
Reservas de capital
Supervits
Patrimonio
Pasivo y Patrimonio
Ediciones Contables
reestructurados

Plantilla Analisis Financiero Gaby

Cargado por

Información del documento

Derechos de autor

Formatos disponibles

Compartir este documento

Compartir o incrustar documentos

Opciones para compartir

¿Le pareció útil este documento?

¿Este contenido es inapropiado?

Copyright:

Formatos disponibles

Plantilla Analisis Financiero Gaby

Cargado por

Copyright:

Formatos disponibles

Anlisis de Estados Financieros

Ediciones Contables de El Salvador

Plantilla para anlisis e interpretacin de Estados Financie

Estados Financieros Reestructurados

Mtodo de Razones Financieras

nes Contables de El Salvador

s Contables de El Salvador 2014Derechos Reservados

Estados Financieros histricos reestructurad

Manuel de Jess Fornos Gmez 2009

Manuel de Jess Fornos Gmez 2009

Cuentas y Documentos por Pagar

Provisiones (Gastos incurridos)

Cuentas y Documentos por Pagar

Manuel de Jess Fornos Gmez 2009

Manuel de Jess Fornos Gmez 2009

Manuel de Jess Fornos Gmez 2009

Manuel de Jess Fornos Gmez 2009

Manuel de Jess Fornos Gmez 2009

1. Razn de solvencia (RS) = AC/ PC

2. Razn de liquidez (RL) = (Activos liquidos)/PC

3. Razn de liquidez Inmediata (RLI): Efectivo y Equivalentes/PC

ANALISIS DE RIESGO DE ILIQUIDEZ

4. Razn de cobertura de egresos monetarios (RCEm) = (Activos liquidos)/((CV+GOM)/365)

Razones de Administracin de Activos

ANLISIS DE EFICIENCIA EN LA ADMINISTRACION DE CUENTAS POR PAGAR

15. Rotacin de Activos Totales (RAT) = Ventas / Activos Totales

16. Razn de deuda (RD) = Pasivo / Activo

17. Razn de autonoma (RA) = Patrimonio / Activo

18. Razn Deuda Patrimonio [APALANCAMIENTO EXTERNO] (RDPt)= Pasivo / Patrimonio

19. Razn Patrimonio Deuda [APALANCAMIENTO INTERNO] (RPtD)= Patrimonio / Pasivo

ANLISIS DE APALANCAMIENTO EXTERNO vrs. APALANCAMIENTO INTERNO

ANLISIS DE CAPITALIZACIN EXTERNA vrs. CAPITALIZACIN INTERNA A CORTO Y LARGO PLAZO

21. Razn de capitalizacin interna (RCInt) =Patrimonio / Pasivo + patrimonio

ANLISIS DE LA CAPACIDAD DE COBERTURA DE INTERESES

24. Cobertura de EBITDA a intereses = EBITDA / Gastos Financieros

25. Rendimiento de Activos Totales (ROA) = Utilidad Neta / Activos Totales

26. Rendimiento sobre Capital (ROE) = Utilidad Neta / Patrimonio

27. Rentabilidad sobre activos no corrientes Fijos (RAnoCF) = UN / AnoCF

ANLISIS DE LOS MRGENES DE UTILIDAD

29. Margen de Utilidad Operacional = UAII /Ventas --->EBIT/Ventas

30. Margen de Utilidad Neta sobre Ventas = Utilidad Neta / Ventas

31. Participacin de los costos sobre las Ventas = Costos / Ventas

ANLISIS DE LA PARTICIPACIN DE COSTOS Y GASTOS SOBRE LAS VENTAS

ANLISIS DE LA UTILIDAD OPERACIONAL + PARTIDAS NO MONETARIAS

35. Utilidad por Accin (UPA) = UDA /# Acciones en Circulacin

37. Valor de mercado a valor en libros = Pmdo/ (Capital/#de acciones)

Razones de Valor de Mercado

Manuel de Jess Fornos Gmez2014

Variacin anual en valores absolutos

-Estimacin por fluctuaciones en efectivo

-Estimacin por fluctuaciones en instrumentos financieros

Otros Activos Corrientes

- Estimacin por fluctuaciones en inversiones financieras

Inversin en activos intangibles

- Amortizacin de activos intangibles

Cuentas y Documentos por Pagar

Prstamos Bancarios a CP (Incluye porcin corriente de PLP y sobregiros)

Retenciones (Legales y personales)

Provisiones (Gastos incurridos)

Otros Pasivos Corrientes

Cuentas y Documentos por Pagar

Cuentas y documentos por Cobrar

Inversiones en bienes muebles

Otros Activos no Corrientes