FINANCIAL

REASONS

LIZETH ALEJANDRA ACOSTA MORENO

SHARICK DEL MAR TORRES SALCEDO
GISSELLE JANETH VELÁSQUEZ BASTIDAS
 FINANCIAL

REASONS

Financial reasons are indicators to identify some

situations about the company and allow us to
evaluate its management and performance
 ACID TEST

2017

CURRENT ASSETS-INVENTORY 100.844.140-6.396.197

CURRENT LIABILITIES = 165.339.380

94.447.943
= 0.57123683
164.339.380 For each peso, in a
short term, Estelar had
0.57COP to support.
 ACID TEST

2016

CURRENT ASSETS-INVENTORY 100.080.437-6.255.831

CURRENT LIABILITIES = 129.642.494

93.824.606
= 0.723718
129.642.494 For each peso, in a
short term, Estelar had
0.72COP to support.
 GROSS PROFIT MARGIN

SALES - COST OF SALES

SALES
2017
2016
165.522.046-92.272.153 152.172.881 - 80.203.430

165.522.046 152.172.881

= 0.442538590901 = 0.472945314086
 GROSS PROFIT MARGIN

SALES - COST OF SALES

SALES
2017 2016

44 % 47 %
So it is observed that in 2016 the sales and sales costs were lower than the year
2017, in this a higher percentage was obtained because suddenly their fixed costs
were lower.
 EQUITY RETURN 2017

NET PROFIT 18.571.015

HERITAGE
= 324.404.226

= 0.05724564381
 EQUITY RETURN 2016

NET PROFIT 19.181.167

=
HERITAGE 306.547.847

= 0.06257152737
 EQUITY RETURN

2017 = 5.72 %

2016 = 6.25 %

There was an increase in the return on investment of the 0f 0,53% ,this is probably
caused by the increase in the valuations of the company.