INDICADOR AÑO 2015 AÑO 2016

Capital de trabajo = $483.499.867 – $12.397.258 = $714.602.703 – $149.300.634

Activo corriente – pasivo corriente = $471.102.609 = $565.302.069

Razón corriente = $483.499.867 / $12.397.258 = $714.602.703 / $149.300.634

Activo corriente / pasivo corriente = 39,0005 = 4,7863

Razón de endeudamiento = $238.638.673 / $1.197.215.327 = $308.370.931 / $1.283.004.045

Pasivo total / activo total = 0,1993 = 0,2403

Razón de concentración = $12.397.258 / $238.638.673 = $149.300.634 / $308.370.931

Pasivo corriente / pasivo total = 0,0519 = 0,4841

Razón de autonomía = $968.576.654 / $1.197.215.327 = $968.783.114 / $1.283.004.045

Patrimonio / activo total = 0,8090 = 0,7550
Financiación a largo plazo = ($968.576.654 + $226.241.415) / = ($968.783.114 + $159.070.297) /
(capital + pasivo no corriente) / activo total $1.197.215.327 $1.283.004.045
= 0,9979 = 0,8790

Indicador leverage = $238.638.673 / $968.576.654 = $308.370.931 / $968.783.114

Pasivo / patrimonio = 0,2463 = 0,3183

Apalancamiento financiero = $103.319.679 / $128.073.446 = $ -4.387.175 / $482.532.290

Utilidad operativa / utilidad antes de impuesto = 0,8067 = -0,0090

Apalancamiento operativo = $210.530.589 / $103.319.679 = $92.787.537 / $ -4.387.175

Margen de contribución / utilidad operativa = 2,0376 = -21,1497

Margen de contribución = ingresos – costos de = $210.530.589 – 0 = $93.369.323 – $581.786

venta = $210.530.589 = $92.787.537
Apalancamiento total = $210.530.589 / $128.073.446 = $92.787.537 / $482.532.290
Margen de contribución / utilidad antes de = 1,6438 = 0,1922
impuesto