𝑀=(𝑈𝑇𝐼𝐿𝐼𝐷𝐴𝐷

𝑁𝐸𝑇𝐴)/(𝑉𝐸𝑁𝑇𝐴𝑆
𝑁𝐸𝑇𝐴𝑆)

390,377 = 0.13507546194 64,451 = 0.12165088

2,890,066 529,803
R=(𝑉𝐸𝑁𝑇𝐴𝑆
𝑁𝐸𝑇𝐴𝑆)/𝐼𝑁𝑉𝐸𝑅𝑆𝐼
2,890,066 =
𝑂𝑁
0.37007415656 529,803 = 0.27119846
7,809,424 1,953,562
𝐸𝐹=𝐼𝑁𝑉𝐸𝑅𝑆𝐼𝑂𝑁/𝑃𝐴𝑇𝑅𝐼
𝑀𝑂𝑁𝐼𝑂

7,809,424 = 1.45991035377 1,953,562 = 1.52152617

5,349,249 1,283,949

ROE =𝑀×𝑅×𝐸𝐹

ROE= 0.07297790774 0.05019748

CERRO VERDE MINSUR CERRO VERDE MINSUR

M 14% 12% 0.13507546194 0.12165088
R 37% 27% 0.37007415656 0.27119846
EF 146% 152% 1.45991035377 1.52152617
ROE 7% 5% 0.07297790774 0.05019748

40%

37%

35%

30%
27%

25%
35%

30%
27%

25%

154%
20% CERRO VERDE
MINSUR
152%

15%
14% 150%
12%

10% 148%

7%
146%
5%
5%

144%

0%
M R ROE 142%
154%

152%

150%

CERRO VERDE
148%
MINSUR

146%

144%

142%
 𝑀=(𝑈𝑇𝐼𝐿𝐼𝐷𝐴𝐷
𝑁𝐸𝑇𝐴)/(𝑉𝐸𝑁𝑇𝐴𝑆
𝑁𝐸𝑇𝐴𝑆)
125,285 = 0.04129157584 118,162 = 0.73375684
3,034,154 161,037
R=(𝑉𝐸𝑁𝑇𝐴𝑆
𝑁𝐸𝑇𝐴𝑆)/𝐼𝑁𝑉𝐸𝑅𝑆𝐼
3,034,154 =
𝑂𝑁
1.61026804242 161,037 = 0.04048178
1,884,254 3,978,012
𝐸𝐹=𝐼𝑁𝑉𝐸𝑅𝑆𝐼𝑂𝑁/𝑃𝐴𝑇𝑅𝐼
𝑀𝑂𝑁𝐼𝑂

1,884,254 = 3.29852146726 3,978,012 = 3.09826325

571,242 1,283,949

ROE =𝑀×𝑅×𝐸𝐹

ROE= 0.2193203581 0.09203014

CERRO VERDE MINSUR CERRO VERDE MINSUR

M 4% 73% 0.04129157584 0.73375684
R 161% 4% 1.61026804242 0.04048178
EF 330% 310% 3.29852146726 3.09826325
ROE 22% 9% 0.2193203581 0.09203014

180%

161%
160%

140%

120%
 161%
160%

140%

120%

100% 335%
CERRO VERDE
MINSUR 330%
80%
73%
325%

60% 320%

315%
40%
310%
22%
20% 305%
9%
4% 4% 300%
0%
M R ROE 295%
335%

330%

325%

320%

CERRO VERDE
315%
MINSUR

310%

305%

300%

295%
 𝑀=(𝑈𝑇𝐼𝐿𝐼𝐷𝐴𝐷
𝑁𝐸𝑇𝐴)/(𝑉𝐸𝑁𝑇𝐴𝑆
𝑁𝐸𝑇𝐴𝑆)
3,622,708 = 0.41849400482 1,609,900 = 0.33922791
8,656,535 4,745,777
R=(𝑉𝐸𝑁𝑇𝐴𝑆
𝑁𝐸𝑇𝐴𝑆)/𝐼𝑁𝑉𝐸𝑅𝑆𝐼
8,656,535 =
𝑂𝑁
0.06147765842 4,745,777 = 0.05807219
140,807,819 81,722,021
𝐸𝐹=𝐼𝑁𝑉𝐸𝑅𝑆𝐼𝑂𝑁/𝑃𝐴𝑇𝑅𝐼
𝑀𝑂𝑁𝐼𝑂

140,807,819 = 7.47645400858 81,722,021 = 8.89466214

18,833,503 9,187,760

ROE =𝑀×𝑅×𝐸𝐹

ROE= 0.1923544441 0.17522225

BCP BBVA BCP BBVA

M 42% 34% 0.41849400482 0.33922791
R 6% 6% 0.06147765842 0.05807219
EF 748% 889% 7.47645400858 8.89466214
ROE 19% 18% 0.1923544441 0.17522225

45%
42%

40%

35% 34%

30%
40%

35% 34%

30%

25% 950%

CERRO VERDE
MINSUR 900%
20% 19%
18%
850%
15%

800%
10%
750%
6% 6%
5%
700%

0%
M R ROE 650%
950%

900%

850%

800% CERRO VERDE

MINSUR

750%

700%

650%
 𝑀=(𝑈𝑇𝐼𝐿𝐼𝐷𝐴𝐷
𝑁𝐸𝑇𝐴)/(𝑉𝐸𝑁𝑇𝐴𝑆
𝑁𝐸𝑇𝐴𝑆)
1,500,000 = 0.125 0.075
12,000,000
R=(𝑉𝐸𝑁𝑇𝐴𝑆
𝑁𝐸𝑇𝐴𝑆)/𝐼𝑁𝑉𝐸𝑅𝑆𝐼
12,000,000 =
𝑂𝑁 1.2 0.13333333333
10,000,000
𝐸𝐹=𝐼𝑁𝑉𝐸𝑅𝑆𝐼𝑂𝑁/𝑃𝐴𝑇𝑅𝐼
𝑀𝑂𝑁𝐼𝑂

10,000,000 = 2.5 12.5

4,000,000

ROE =𝑀×𝑅×𝐸𝐹

ROE= 0.375 37.50% 0.375

ROI= 0.15 15.00% 0.15

EJERCICIO 2 EJERCICIO 3
COMPETITIVIDAD M 12.50% 0.13
EFECTIVIDAD DE PRODUCCION R 120.00% 1.20
EFECTIVIDAD DE FINANCIAMIENTO EF 250.00% 2.50
ROI 15.00% 0.15
ROE 37.50% 0.38
 DATOS
UT NETA S/1,500,000.00 S/200,000.00
VENTAS S/12,000,000.00 S/2,000,000.00
INVERSION S/10,000,000.00 S/1,700,000.00
PATRIMONIO S/4,000,000.00 S/700,000.00

12.5