EJERCICIO PRÁCTICO

Rentabilidad neta del activo

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 𝑉𝑒𝑛𝑡𝑎𝑠 55769 1000000
𝑅𝑒𝑛𝑡𝑎𝑏𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 𝑑𝑒𝑙 𝑎𝑐𝑡𝑖𝑣𝑜 𝑉𝑒𝑛𝑡𝑎𝑠
X 𝑎𝑐𝑡𝑖𝑣𝑜 𝑡𝑜𝑡𝑎𝑙 = 1000000 X 250304
= 0.22 = 22%

Rendimiento del activo – ROA

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 107450

𝑅𝑂𝐴 𝐴𝑐𝑡𝑖𝑣𝑜 𝑡𝑜𝑡𝑎𝑙𝑒𝑠
= 250304 = 0.43 = 43%

Margen bruto
𝑣𝑒𝑛𝑡𝑎𝑠−𝑐𝑜𝑠𝑡𝑜 𝑑𝑒 𝑣𝑒𝑛𝑡𝑎𝑠 1000000−585800
𝑀𝑎𝑟𝑔𝑒𝑛 𝐵𝑟𝑢𝑡𝑜 𝑣𝑒𝑛𝑡𝑎𝑠
= 1000000
= 0.41 = 41%

Margen operacional
𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 107450
𝑚𝑎𝑟𝑔𝑒𝑛 𝑜𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 𝑣𝑒𝑛𝑡𝑎𝑠
= 1000000 = 0.11 = 11%

Margen neto
𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 55769
𝑚𝑎𝑟𝑔𝑒𝑛 𝑛𝑒𝑡𝑜 𝑣𝑒𝑛𝑡𝑎𝑠
= 1000000 = 0.056 = 5.6%

Rentabilidad operacional del patrimonio

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 107450
𝑟𝑒𝑛𝑡𝑎𝑏𝑖𝑙𝑖𝑑𝑎𝑑 𝑜𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 𝑑𝑒𝑙 𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜 = = 0.63 = 63%
𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜 169870

Patrimonio = activo – pasivo = 250304 – 80434

Rendimiento del Patrimonio – ROE

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 55769
𝑅𝑂𝐸 = = 0.33 = 33%
𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜 169870
 EJERCICIO PARA CASA
2009
Rentabilidad neta del activo
𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 𝑉𝑒𝑛𝑡𝑎𝑠 1400 450000
𝑅𝑒𝑛𝑡𝑎𝑏𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 𝑑𝑒𝑙 𝑎𝑐𝑡𝑖𝑣𝑜 = 𝑉𝑒𝑛𝑡𝑎𝑠
X 𝑎𝑐𝑡𝑖𝑣𝑜 𝑡𝑜𝑡𝑎𝑙 = 450000 X 35000
= 0.04 = 4%

Rendimiento del activo – ROA

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 4000

𝑅𝑂𝐴 = 𝐴𝑐𝑡𝑖𝑣𝑜 𝑡𝑜𝑡𝑎𝑙𝑒𝑠
= 35000 = 0.11 = 11%

Margen bruto
𝑣𝑒𝑛𝑡𝑎𝑠−𝑐𝑜𝑠𝑡𝑜 𝑑𝑒 𝑣𝑒𝑛𝑡𝑎𝑠 450000−440000
𝑀𝑎𝑟𝑔𝑒𝑛 𝐵𝑟𝑢𝑡𝑜 = 𝑣𝑒𝑛𝑡𝑎𝑠
= 450000
= 0.022 = 2.2%

Margen operacional
𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 4000
𝑚𝑎𝑟𝑔𝑒𝑛 𝑜𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 = = = 0.008 = 0.8%
𝑣𝑒𝑛𝑡𝑎𝑠 450000

Margen neto
𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 1400
𝑚𝑎𝑟𝑔𝑒𝑛 𝑛𝑒𝑡𝑜 = 𝑣𝑒𝑛𝑡𝑎𝑠
= 450000 = 0.003 = 0.3%

Rentabilidad operacional del patrimonio

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 4000
𝑟𝑒𝑛𝑡𝑎𝑏𝑖𝑙𝑖𝑑𝑎𝑑 𝑜𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 𝑑𝑒𝑙 𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜 = 𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜
= 19950 = 0.20 = 20%

Patrimonio = activo – pasivo = 35000 – 15050

Rendimiento del Patrimonio – ROE

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 1400
𝑅𝑂𝐸 = = 0.07 = 7%
𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜 19950

2010
Rentabilidad neta del activo
𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 𝑉𝑒𝑛𝑡𝑎𝑠 1400 495000
𝑅𝑒𝑛𝑡𝑎𝑏𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 𝑑𝑒𝑙 𝑎𝑐𝑡𝑖𝑣𝑜 = 𝑉𝑒𝑛𝑡𝑎𝑠
X 𝑎𝑐𝑡𝑖𝑣𝑜 𝑡𝑜𝑡𝑎𝑙 = 495000 X 35000
= 0.04 = 4%

Rendimiento del activo – ROA

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 5000

𝑅𝑂𝐴 = 𝐴𝑐𝑡𝑖𝑣𝑜 𝑡𝑜𝑡𝑎𝑙𝑒𝑠
= 35000 = 0.14 = 14%

Margen bruto
𝑣𝑒𝑛𝑡𝑎𝑠−𝑐𝑜𝑠𝑡𝑜 𝑑𝑒 𝑣𝑒𝑛𝑡𝑎𝑠 495000−480000
𝑀𝑎𝑟𝑔𝑒𝑛 𝐵𝑟𝑢𝑡𝑜 = 𝑣𝑒𝑛𝑡𝑎𝑠
= 495000
= 0.03 = 3%

Margen operacional
𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 5000
𝑚𝑎𝑟𝑔𝑒𝑛 𝑜𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 = 𝑣𝑒𝑛𝑡𝑎𝑠
= 495000 = 0.01 = 1%
Margen neto
𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 1400
𝑚𝑎𝑟𝑔𝑒𝑛 𝑛𝑒𝑡𝑜 = 𝑣𝑒𝑛𝑡𝑎𝑠
= 4950000 = 0.0028 = 0.28%

Rentabilidad operacional del patrimonio

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑂𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 5000
𝑟𝑒𝑛𝑡𝑎𝑏𝑖𝑙𝑖𝑑𝑎𝑑 𝑜𝑝𝑒𝑟𝑎𝑐𝑖𝑜𝑛𝑎𝑙 𝑑𝑒𝑙 𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜 = 𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜
= 19950 = 0.25 = 25%

Patrimonio = activo – pasivo = 35000 – 15050

Rendimiento del Patrimonio – ROE

𝑈𝑡𝑖𝑙𝑖𝑑𝑎𝑑 𝑛𝑒𝑡𝑎 1400
𝑅𝑂𝐸 𝑝𝑎𝑡𝑟𝑖𝑚𝑜𝑛𝑖𝑜
= 19950 = 0.07 = 7%