The large bakery company in Colombia: An analysis of its accounting and residual profit (2017-2021)
The objective of this research is to analyze the accounting and residual profit to know the financial performance of the large bakery company in Colombia in the period 2017-2021, following as methodology the analysis of trends of indicators that measure its efficiency in the use of assets, the effic...
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| Lenguaje: | español inglés |
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Universidad Francisco de Paula Santander
2024
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| Acceso en línea: | https://revistas.ufps.edu.co/index.php/profundidad/article/view/4697 |
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| _version_ | 1868458540646006784 |
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| author | Rivera Godoy, Jorge Alberto |
| author_browse | Rivera Godoy, Jorge Alberto |
| author_facet | Rivera Godoy, Jorge Alberto |
| author_sort | Rivera Godoy, Jorge Alberto |
| collection | DSPACE IDEP |
| description | The objective of this research is to analyze the accounting and residual profit to know the financial performance of the large bakery company in Colombia in the period 2017-2021, following as methodology the analysis of trends of indicators that measure its efficiency in the use of assets, the efficacy in the control of costs and expenses and the effectiveness in the achievement of profits, and comparing them with the indicators of the related company in Europe. It is found that the large Colombian bakery company achieves returns on equity each year with the same orientation of the net profit margin, but less like its asset turnover and financial leverage; similar results were presented in the European company, although with higher values, except for the financial multiplier. In addition, the large Colombian bakery company created on average a percentage of residual profit, like its European counterpart, but surpassed by the latter. The disadvantage with respect to the European company is due to its lower efficiency and efficacy, and the use of financial resources at a higher cost. Research could be extended for homogeneous groups in terms of age, life cycle stages, legal structure, and international trade. |
| first_indexed | 2026-06-19T15:28:41Z |
| format | Online |
| id | oai:revistas.ufps.edu.co:article-4697 |
| institution | IDEP |
| language | spa eng |
| last_indexed | 2026-06-19T15:28:41Z |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | Universidad Francisco de Paula Santander |
| publisherStr | Universidad Francisco de Paula Santander |
| record_format | ojs |
| spelling | oai:revistas.ufps.edu.co:article-46972024-10-28T12:08:47Z The large bakery company in Colombia: An analysis of its accounting and residual profit (2017-2021) La gran empresa panificadora en Colombia: Un análisis de su utilidad contable y residual (2017-2021) Rivera Godoy, Jorge Alberto Valor económico agregado panadería rendimiento del patrimonio utilidad contable valor de mercado agregado Economic Value Added (EVA) bakery Return On Equity (ROE) accounting profit market value added The objective of this research is to analyze the accounting and residual profit to know the financial performance of the large bakery company in Colombia in the period 2017-2021, following as methodology the analysis of trends of indicators that measure its efficiency in the use of assets, the efficacy in the control of costs and expenses and the effectiveness in the achievement of profits, and comparing them with the indicators of the related company in Europe. It is found that the large Colombian bakery company achieves returns on equity each year with the same orientation of the net profit margin, but less like its asset turnover and financial leverage; similar results were presented in the European company, although with higher values, except for the financial multiplier. In addition, the large Colombian bakery company created on average a percentage of residual profit, like its European counterpart, but surpassed by the latter. The disadvantage with respect to the European company is due to its lower efficiency and efficacy, and the use of financial resources at a higher cost. Research could be extended for homogeneous groups in terms of age, life cycle stages, legal structure, and international trade. El objetivo de esta investigación es analizar la utilidad contable y residual para conocer el desempeño financiero de la gran empresa panificadora en Colombia en el periodo 2017-2021, siguiendo como metodología el análisis de tendencias de indicadores que miden su eficiencia en el uso de activos, la eficacia en el control de costos y gastos y la efectividad en el logro de utilidades, y cotejándolos con los indicadores de la empresa afín en Europa. Se encuentra que la gran empresa panificadora colombiana logra rendimientos sobre el patrimonio cada año con la misma orientación del margen de utilidad neta, pero menos semejante a su rotación de activos y apalancamiento financiero; resultados semejantes se presentaron en la empresa europea, aunque con valores superiores, salvo el multiplicador financiero. Además, la gran empresa panificadora colombiana creó en promedio un porcentaje de utilidad residual, al igual que su homóloga europea, pero superada por esta última. La desventaja con respecto a la empresa europea se debe a su menor eficiencia y eficacia, y al uso de recursos financieros a mayor costo. La investigación podría extenderse para grupos homogéneos en edad, fases de su ciclo de vida, estructura legal y comercio internacional. Universidad Francisco de Paula Santander 2024-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/html text/xml application/pdf https://revistas.ufps.edu.co/index.php/profundidad/article/view/4697 10.22463/24221783.4697 Revista Científica Profundidad Construyendo Futuro; Vol. 21 No. 21 (2024): Julio-Diciembre; 97-107 Revista Científica Profundidad Construyendo Futuro; Vol. 21 Núm. 21 (2024): Julio-Diciembre; 97-107 2422-2518 spa eng https://revistas.ufps.edu.co/index.php/profundidad/article/view/4697/5900 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4697/5901 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4697/5903 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4697/6343 /*ref*/Arnold, G. y Lewis. D. (2019). Corporate financial management (6th ed.). UK: Pearson. /*ref*/Atrill, P. (2017). Financial management for decision maker (8th ed.). 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Cali: Universidad del Valle. /*ref*/Rivera, J. y Alarcón, D. (2012). El cargo de capital en la evaluación del desempeño financiero de empresas innovadoras de confecciones de Cali. Estudios Gerenciales,38 (123), 85-100. /*ref*/Rivera, J., Segura, K. y Urbano, A. (2023). Industria panificadora en Colombia: análisis con indicadores contables y gestión del valor. Revista administración y organizaciones, 27 (52). Próximo a publicarse. /*ref*/Ross, S., Westerfield, R., Jaffe, J. y Jordan, B. (2019). Corporate finance (12th. ed.). NY: McGraw-Hill Education. /*ref*/Stern, J. M., y Willett, J. T. (Winter, 2014). A Look Back at the Beginnings of EVA and Value Based Management: An Interview with Joel M. Stern. Journal of Applied Corporate Finance, 26(1), 39-46. /*ref*/Stewart, B. (2000). En busca del valor. Barcelona: Ediciones Gestión 2000. /*ref*/Superintendencia Financiera de Colombia (2022). Tasa de interés y desembolsos por modalidad de crédito. https://www.superfinanciera.gov.co/jsp/loader.jsf?lServicio=Publicaciones&lTipo=publicaciones&lFuncion=loadContenidoPublicacion&id=60955 /*ref*/Superintendencia de Sociedades, (2022). Sistema integrado de información societaria (SIIS). https://siis.ia.supersociedades.gov.co/ /*ref*/Worthington, A. y West, T. (2001). Economic value-added: A review of the theoretical and empirical literature. Asian Review of Accounting, 9(1), 67-86. http://dx.doi.org/10.1108/eb060736 /*ref*/Zutter, C. y Smart, S. (2019). Principles of managerial finance brief (8th ed.). UK: Pearson Education. Derechos de autor 2024 Universidad Francisco de Paula Santander https://creativecommons.org/licenses/by-nc/4.0 |
| spellingShingle | Valor económico agregado panadería rendimiento del patrimonio utilidad contable valor de mercado agregado Economic Value Added (EVA) bakery Return On Equity (ROE) accounting profit market value added Rivera Godoy, Jorge Alberto The large bakery company in Colombia: An analysis of its accounting and residual profit (2017-2021) |
| title | The large bakery company in Colombia: An analysis of its accounting and residual profit (2017-2021) |
| title_alt | La gran empresa panificadora en Colombia: Un análisis de su utilidad contable y residual (2017-2021) |
| title_full | The large bakery company in Colombia: An analysis of its accounting and residual profit (2017-2021) |
| title_fullStr | The large bakery company in Colombia: An analysis of its accounting and residual profit (2017-2021) |
| title_full_unstemmed | The large bakery company in Colombia: An analysis of its accounting and residual profit (2017-2021) |
| title_short | The large bakery company in Colombia: An analysis of its accounting and residual profit (2017-2021) |
| title_sort | large bakery company in colombia an analysis of its accounting and residual profit 2017 2021 |
| topic | Valor económico agregado panadería rendimiento del patrimonio utilidad contable valor de mercado agregado Economic Value Added (EVA) bakery Return On Equity (ROE) accounting profit market value added |
| topic_facet | Valor económico agregado panadería rendimiento del patrimonio utilidad contable valor de mercado agregado Economic Value Added (EVA) bakery Return On Equity (ROE) accounting profit market value added |
| url | https://revistas.ufps.edu.co/index.php/profundidad/article/view/4697 |
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