Beruflich Dokumente
Kultur Dokumente
Us$ Prom.
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
28.00
28.00
28.00
28.00
28.00
28.00
28.00
31.00
50.00
84.00
96.00
116.00
149.00
195.00
460.00
575.00
829.00
1,107.00
1,598.00
1,919.00
2,197.00
2,565.00
3,190.00
3,999.00
5,556.00
11,838.76
1.00
Materia
Prima
Utilizada
Mano de
directa
Gastos
deobra
fabricacin
1994
1995
1996
1997
1998
INGRESOS OPERACIONALES
2,784,372,743
3,393,842,215
3,830,464,717
6,435,351,854
7,379,073,355
Ventas locales
Devolucin ventas
Descuento en ventas
2,784,515,714
142,971
3,394,973,861
1,143,280
(11,634)
3,830,862,477
133,650
264,110
6,440,714,854
5,363,000
-
7,384,591,590
477,235
5,041,000
1,615,395,477
1,091,272,803
265,149,699
466,968,051
867,226,381
508,071,328
245,220,473
278,902,201
66,939,232
58,711,024
66,712,725
86,539,219
2,123,716,821
1,399,482,964
508,071,328
368,106,882
861,525,805
338,221,051
350,432,451
373,801,406
109,883,428
62,931,502
98,501,960
102,484,516
2,153,141,874
1,289,886,769
360,736,556
490,066,732
817,098,247
378,014,766
407,081,693
456,173,413
143,142,654
63,075,332
124,097,955
125,857,472
3,605,550,021
2,149,997,956
401,261,566
802,694,766
1,543,092,978
597,051,354
802,146,362
653,405,703
221,412,359
101,797,358
153,377,857
176,818,129
3,982,882,725
2,247,586,998
640,722,120
908,877,896
1,412,493,169
714,506,187
889,152,810
846,142,917
278,828,095
111,982,753
244,931,069
210,401,000
UTILIDAD BRUTA
1,168,977,266
1,270,125,394
1,677,322,843
2,829,801,833
3,396,190,631
397,765,032
518,561,144
632,933,695
1,231,873,301
1,415,155,758
UTILIDAD OPERACIONAL
771,212,234
751,564,250
1,044,389,148
1,597,928,532
1,981,034,873
10,070,748
27,288,027
11,082,580
66,501,083
17,992,709
11,431,835
23,747,810
58,314,101
32,536,594
30,487,831
76,323,490
2,453,248
7,467,642
69,934,178
105,092,127
777,346,932
691,624,042
1,046,418,845
1,641,310,943
1,938,409,282
15% PARTICIPACIN
116,602,040
19,100,619
156,962,827
127,545,668
290,761,392
660,744,893
672,523,423
889,456,018
1,513,765,275
1,647,647,890
IMPUESTO A LA RENTA
COMPENSACIN REEX. MONETAR.
165,186,223
97,787,744
27,059,210
222,364,005
144,551,757
411,911,972
397,770,926
645,464,213
667,092,014
1,369,213,518
1,235,735,917
GASTOS FINANCIEROS
INGRESOS NO OPERACIONALES
GASTOS NO OPERACIONALES
Mano de
directa
Gastos
deobra
fabricacin
1999
2000
INGRESOS OPERACIONALES
6,971,259,105
859,363.32
Ventas locales
Devolucin ventas
Descuento en ventas
6,976,006,105
859,363.32
3,468,623,061
1,548,033,560
769,890,579
823,988,776
1,772,706,725
1,818,552,520
829,164,849
1,091,424,652
321,444,375
146,511,556
389,203,906
234,264,815
457,063.22
259,874.30
125,418.03
102,250.72
149,583.03
117,377.48
83,537.01
113,651.91
35,741.00
10,186.47
40,128.78
27,595.66
UTILIDAD BRUTA
3,502,636,044
402,300.10
2,697,157,204
226,111.59
UTILIDAD OPERACIONAL
805,478,840
176,188.51
GASTOS FINANCIEROS
INGRESOS NO OPERACIONALES
GASTOS NO OPERACIONALES
26,231,146
312,240,512
29,399,797
4,694.20
10,480.30
12,128.98
1,062,088,409
169,845.63
15% PARTICIPACIN
165,986,760
26,728.92
896,101,649
143,116.71
IMPUESTO A LA RENTA
COMPENSACIN REEX. MONETAR.
139,065,062
36,238.38
757,036,587
106,878.33
4,747,000
Materia
Prima
Utilizada
Mano de
directa
Gastos
deobra
fabricacin
1994
1995
1996
1997
1998
INGRESOS OPERACIONALES
100.00%
100.00%
100.00%
100.00%
100.00%
Ventas locales
Devolucin ventas
Descuento en ventas
100.01%
0.01%
0.00%
100.03%
0.03%
0.00%
100.01%
0.00%
0.01%
100.08%
0.08%
0.00%
100.07%
0.01%
0.07%
58.02%
39.19%
9.52%
16.77%
31.15%
18.25%
8.81%
10.02%
2.40%
2.11%
2.40%
3.11%
62.58%
41.24%
14.97%
10.85%
25.38%
9.97%
10.33%
11.01%
3.24%
1.85%
2.90%
3.02%
56.21%
33.67%
9.42%
12.79%
21.33%
9.87%
10.63%
11.91%
3.74%
1.65%
3.24%
3.29%
56.03%
33.41%
6.24%
12.47%
23.98%
9.28%
12.46%
10.15%
3.44%
1.58%
2.38%
2.75%
53.98%
30.46%
8.68%
12.32%
19.14%
9.68%
12.05%
11.47%
3.78%
1.52%
3.32%
2.85%
UTILIDAD BRUTA
41.98%
37.42%
43.79%
43.97%
46.02%
14.29%
15.28%
16.52%
19.14%
19.18%
UTILIDAD OPERACIONAL
27.70%
22.14%
27.27%
24.83%
26.85%
0.36%
0.98%
0.40%
1.96%
0.53%
0.34%
0.62%
1.52%
0.85%
0.47%
1.19%
0.04%
0.10%
0.95%
1.42%
27.92%
20.38%
27.32%
25.50%
26.27%
4.19%
0.56%
4.10%
1.98%
3.94%
23.73%
19.82%
23.22%
23.52%
22.33%
5.93%
3.51%
0.80%
0.00%
5.81%
0.00%
2.25%
0.00%
5.58%
0.00%
14.29%
19.02%
17.42%
21.28%
16.75%
GASTOS FINANCIEROS
INGRESOS NO OPERACIONALES
GASTOS NO OPERACIONALES
UTILIDAD ANTES DE PART. E IMP.
15% PARTICIPACIN
UTILIDAD ANTES DE IMPUESTOS
IMPUESTO A LA RENTA
COMPENSACIN REEX. MONETAR.
UTILIDAD NETA DEL EJERCICIO
Estado de
Resultados en Valores Porcentuales
Materia Prima Utilizada
Mano de
directa
Gastos
deobra
fabricacin
1999
2000
Dato/2000
INGRESOS OPERACIONALES
100.00%
100.00%
100.00%
Ventas locales
Devolucin ventas
Descuento en ventas
100.07%
0.00%
0.07%
100.00%
0.00%
0.00%
100.00%
0.00%
0.00%
49.76%
22.21%
11.04%
11.82%
25.43%
26.09%
11.89%
15.66%
4.61%
2.10%
5.58%
3.36%
53.19%
30.24%
14.59%
11.90%
17.41%
13.66%
9.72%
13.23%
4.16%
1.19%
4.67%
3.21%
53.19%
30.24%
14.59%
11.90%
17.41%
13.66%
9.72%
13.23%
4.16%
1.19%
4.67%
3.21%
UTILIDAD BRUTA
50.24%
46.81%
46.81%
38.69%
26.31%
26.31%
UTILIDAD OPERACIONAL
11.55%
20.50%
20.50%
0.38%
4.48%
0.42%
0.55%
1.22%
1.41%
0.55%
1.22%
1.41%
15.24%
19.76%
19.76%
2.38%
3.11%
3.11%
12.85%
16.65%
16.65%
1.99%
0.00%
4.22%
0.00%
4.22%
0.00%
10.86%
12.44%
12.44%
GASTOS FINANCIEROS
INGRESOS NO OPERACIONALES
GASTOS NO OPERACIONALES
UTILIDAD ANTES DE PART. E IMP.
15% PARTICIPACIN
UTILIDAD ANTES DE IMPUESTOS
IMPUESTO A LA RENTA
COMPENSACIN REEX. MONETAR.
UTILIDAD NETA DEL EJERCICIO
Balances
1994
ACTIVO CIRCULANTE
Caja Bancos
Clientes deudores
Anticipos
Provisin cuentas Incobrables
Otras cuentas por cobrar
Inventario de Materias Pirmas
Importaciones en trnsito
Prstamos a empleados
Anticipo proveedores locales
Pagos anticipados
TOTAL ACTIVO CIRCULANTE
1995
1996
1997
1998
1999
2000
95,443,289
293,507,264
(1,655,992)
520,661,904
4,293,971
15,794,043
102,132,875
3,445,380
68,976,184
257,574,164
(1,655,992)
360,736,556
2,465,685
17,618,165
9,844,990
29,998,318
123,794,449
391,969,225
(5,575,684)
7,657,007
401,261,566
52,718,536
91,346,330
187,643,138
467,252,182
4,150,000
(10,448,206)
640,722,120
83,660,455
47,649,378
279,980,119
308,926,981
7,139,010
(10,448,206)
769,890,579
170,122,204
73,043,714
533,507,768
1,135,619,287
30,990,004
284,733
7,722
2,345,564,443
1,873,880
11,649,925
-
1,033,622,733
745,558,070
1,094,161,433
1,420,913,800
1,598,662,123
4,017,767,097
292,932.36
127,625,026
136,053,977
7,601,476
365,596,137
30,753,384
23,380,610
15,838,462
156,402,571
152,777,034
7,768,260
557,457,333
30,962,178
10,123,439
19,524,018
197,317,484
175,735,971
7,881,866
633,549,537
47,420,317
27,876,563
18,383,281
256,315,413
548,269,662
206,188,239
7,746,323
719,361,771
85,818,564
92,551,383
40,982,256
371,657,349
266,938,403
7,618,445
1,678,799,542
117,099,965
185,685,219
40,218,024
538,903,156
340,610,596
6,969,947
2,046,183,949
146,312,239
166,385,081
55,315,050
36,146.00
19,570.54
305.98
181,311.96
12,673.46
11,551.58
3,421.98
706,849,072
935,014,833
1,108,165,019
1,957,233,611
2,668,016,947
3,300,680,018
264,981.50
6,358,968
8,406,521
1,113,985
9,752,886
9,869,971
5,007,720
13,699,233
14,449,249
16,347,085
17,050,434
2,231,978
16,347,085
40,119,599
20,095,402
16,347,085
101,984,104
17,588,400
6,698.53
213.94
(10,448,206)
31,175.50
81,623.81
1,521.44
(1,234.17)
117,377.48
27,455.98
1,514.44
33,497.88
ACTIVO FIJO
Terrenos
Proyectos en curso
Edificios
Adecuaciones
Maquinaria y Equipo
Muebles y enseres
Vehculos
Equipos de computacin
TOTAL ACTIVOS FIJOS
OTROS ACTIVOS
Inversiones a Largo Plazo
Seguros
Otros Activos
15,879,474
24,630,577
28,148,482
35,629,496
76,562,086
135,919,589
6,912.47
722,728,546
959,645,410
1,136,313,501
1,992,863,107
2,744,579,033
3,436,599,607
271,893.97
1,756,351,279
1,705,203,479
2,230,474,934
3,413,776,907
4,343,241,156
7,454,366,704
564,826.33
568,300,334
1,017,173
11,986,214
5,993,035
66,001,582
303,753,940
15,498,741
12,226,083
59,862,697
262,978,221
96,811,384
14,073,304
117,433,181
627,932,115
15,053,946
112,402,561
24,896,454
174,078,658
503,356,837
105,530.23
135,569,280
27,726,095
297,734,170
1,074,131,695
296,753,500
321,136,746
16,015,007
264,505,745
653,298,338
391,341,462
491,296,090
954,363,734
964,386,382
1,972,542,693
184,726.74
TOTAL DE ACTIVOS
PASIVO Y PATRIMONIO
PASIVO
PASIVO CORRIENTE
Acreedores a Corto Plazo
Ctas. Por pagar Acc.o socios
Deudas Fiscales
Cuentas por pagar IESS
Ctas y Provisiones laborales
TOTAL PASIVO CORTO PLAZO
PASIVO LARGO PLAZO
Obligaciones a Largo Plazo
42,497.16
2,444.36
34,254.99
139,827,139
161,318,557
169,823,183
273,506,534
305,024,068
191,846,927
19,651.02
139,827,139
161,318,557
169,823,183
273,506,534
305,024,068
191,846,927
19,651.02
TOTAL PASIVO
793,125,477
552,660,019
661,119,273
1,227,870,268
1,269,410,450
2,164,389,620
204,377.76
16,000,000
30,310,244
811,779,404
36,853,814
68,282,340
16,000,000
46,917,253
969,723,131
61,017,699
58,885,378
16,000,000
52,805,791
1,203,113,419
11,482,509
285,953,941
16,000,000
52,805,791
1,481,705,642
63,365,738
572,029,468
16,000,000
52,805,791
1,965,089,927
459,316,935
580,618,053
16,000,000
52,805,791
2,938,915,599
1,525,219,107
757,036,587
640.00
2,112.23
250,818.01
963,225,802
1,152,543,461
1,569,355,660
2,185,906,639
3,073,830,706
5,289,977,084
360,448.57
1,756,351,279
1,705,203,479
2,230,474,934
3,413,776,907
4,343,241,156
7,454,366,704
564,826.33
PATRIMONIO
Acciones o Aportaciones
Reserva Legal
Reserva por Rev. Del Patrimonio
Utilidades retenidas
Utilidades del Ejercicio
TOTAL PATRIMONIO
106,878.33
1995
1996
1997
1998
1999
2000
Liquidez
1) Circulante; Act. Corr./Pas. Corr.
2) Acida; Act.Corr-Inv/Pas. Corr.
3) Capital de trabajo; Act. Corr-Pas. Corr.
1.582
0.785
380,324,395
1.905
0.983
354,216,608
2.227
1.410
602,865,343
1.489
0.817
466,550,066
1.658
0.859
634,275,741
2.037
0.848
2,045,224,404
1.586
0.950
108,206
0.45
0.82
0.32
0.48
0.30
0.42
0.36
0.56
0.29
0.41
0.29
0.41
0.36
0.57
(322.05)
(332.69)
(323.17)
(333.88)
(344.94)
(301.40)
(325.81)
143.65
22.72
0.90
68.02
21.99
501.80
290.38
(243.97)
0.19
(298.85)
0.11
(292.91)
0.10
(296.03)
0.10
(290.41)
0.10
(116.56)
0.34
(267.55)
0.14
3.94
3.63
3.46
3.29
2.77
2.11
3.24
1.59
1.99
1.72
1.89
1.70
0.94
1.52
1.82
1.48
1.42
1.56
1.41
1.41
1.57
(1,069.67)
(1,014.26)
(976.98)
(1,057.93)
(1,017.34)
(1,279.76)
(1,243.73)
22.65%
37.85%
29.91%
40.11%
28.45%
10.16%
18.92%
14.29%
19.02%
17.42%
21.28%
16.75%
10.86%
12.44%
41.30%
56.00%
42.51%
62.64%
40.20%
14.31%
29.65%
0.14
1.59
1.82
41.30%
0.19
1.99
1.48
56.00%
0.17
1.72
1.42
42.51%
0.21
1.89
1.56
62.64%
0.17
1.70
1.41
40.20%
0.11
0.94
1.41
14.31%
0.12
1.52
1.57
29.65%
Endeudamiento
1) Deuda Total/total de Activo
2) Deuda Total/ Patrimonio
Actividad (eficiencia)
1)Perodo Cobranza: (Promedio)
(360 * Ctas x Cobrar / Ventas) - das (Anual)
2) Perodo de Pagos:
(360 * Ctas x Pagar / Compras) - das (Annual)
3) Rotacin de Inventario: (Promedio)
(360 * Inventario / Cto Ventas) - das (Anual)
Inv. (final o Promedio)/ventas
4)Rotacin de Activos Fijos
Ventas Netas/Activo Fijo (neto)
5) Rotacin de Activos:
Ventas Netas/Activo Total
6)Apalancamiento
Activo Total/Patrimonio
Indice flujo cobranzas (P.pagos/P.cobros)
Flujo de efectivo (3+1-2) - das
Rentabilidad
1) Rentabilidad sobre activos:
Utilidad Neta/Activo Total (%)
2) Rentabilidad sobre Ventas
Utilidad Neta/ Ventas (%)
3) Rendimiento sobre capital social
Utilidad neta / Capital accionistas (%)
Dupont (Composicin Rentabilidad)
Utilidad Neta / Ventas
Ventas Netas/Activos (ROT. ACTIVOS)
Activo Total/Patrimonio (APALANCAMIENTO)
UN/VTAS * VTAS/ACT * ACT/PATRIMONIO
Capital de Trabajo
2.500
2,500,000,000
2.000
2,000,000,000
1.500
Circul
ante
1,500,000,000
1.000
1,000,000,000
0.500
500,000,000
1994
1995
1996
1997
1998
1999
2000
1994
1995
1996
1997
1998
1999
2000
Indices de Endeudamiento
600.00
0.90
400.00
0.80
200.00
0.70
0.60
Deuda/Activo
Deuda/Patrimo
nio
0.50
0.40
(200.00)1994
1997
1998
1999
2000
P . Co branza
P . P ag os
Ro w 2 4
(400.00)
0.20
(800.00)
0.10
(1,000.00)
1995
1996
1997
1998
1999
Ro w 3 4
(1,200.00)
2000
(1,400.00)
Indices de Rentabilidad
70.00%
60.00%
50.00%
Sobre
Activos
Sobre
Ventas
40.00%
30.00%
20.00%
2.10
1.90
1.70
1.50
1.30
1.10
0.90
0.70
0.50
Rot. Activos
Apalancamiento
1994
10.00%
0.00%
1994
1996
(600.00)
0.30
1994
1995
1995
1996
1997
1998
1999
2000
0.70
1995
1996
1997
1998
1999
2000
0.60
0.50
Rent.
Ventas
ROE
0.40
0.30
0.20
0.10
0.00
1994
1995
1996
1997
1998
1999
2000
EBIT de ventas
351,030
27.70%
293,008
22.14%
327,395
27.27%
399,582
24.83%
356,558
26.85%
68,037
11.55%
176,189
20.50%
EBIT dividido
por ventas
MARGEN
1994
1995
1996
1997
1998
1999
2000
Rend. Oper. Sobre Act.
Net. (RONA) antes imp.
1994
69.92%
1995
57.20%
1996
60.05%
1997
64.97%
1998
58.63%
1999
14.69%
2000
46.35%
Ingresos de Ventas
1,267,352
100.00%
1,323,135
100.00%
1,200,773
100.00%
1,609,240
100.00%
1,328,127
100.00%
588,850
100.00%
859,363
100.00%
Costo
916,322
1,030,128
873,378
1,209,658
971,569
520,813
683,175
72.30%
77.86%
72.73%
75.17%
73.15%
88.45%
79.50%
Margen Oper.
Antes de imp.
27.70%
22.14%
27.27%
24.83%
26.85%
11.55%
20.50%
Margen multiplicado
por rotacin de
activos
Rotacin neta
de activos
1995
1995
1996
1997
1998
1999
2000
ROTACIN
ACTIVOS
2.52
2.58
2.20
2.62
2.18
1.27
2.26
Ventas divididas
por activos netos
Activos netos
502,072
39.62%
512,227
38.71%
545,197
45.40%
615,007
38.22%
608,145
45.79%
463,040
78.63%
380,100
44.23%
Capital de trabajo
173,111
13.7%
138,096
10.4%
188,986
15.7%
116,667
7.2%
114,161
8.6%
172,757
29.3%
108,206
12.6%
Costo de ventas
126,947
10.02%
145,732
11.01%
143,001
11.91%
163,392
10.15%
152,294
11.47%
92,191
15.66%
113,652
13.23%
Inventario de M.P.
236,988
18.70%
140,638
10.63%
125,787
10.48%
160,221
9.96%
138,569
10.43%
198,126
33.65%
117,377
13.66%
Clientes deudores
133,595
10.54%
100,419
7.59%
122,874
10.23%
116,842
7.26%
55,602
4.19%
95,924
16.29%
81,624
9.50%
Efectivo
43,443
3.43%
26,891
2.03%
38,807
3.23%
46,923
2.92%
50,392
3.79%
45,064
7.65%
31,176
3.63%
Activos no circulantes
328,962
25.96%
374,131
28.28%
356,211
29.67%
498,340
30.97%
493,985
37.19%
290,284
49.30%
271,894
31.64%
Materia Prima
496,710
39.19%
545,607
41.24%
404,353
33.67%
537,634
33.41%
404,533
30.46%
130,760
22.21%
259,874
30.24%
Terrenos
58,091
60,976
61,855
64,095
66,893
45,520
36,146
4.58%
4.61%
5.15%
3.98%
5.04%
7.73%
4.21%
Maquinarias y Equipo
166,407
13.13%
217,332
16.43%
198,605
16.54%
179,885
11.18%
302,160
22.75%
172,838
29.35%
181,312
21.10%
EBIT de ventas
Materia Prima
Costo
EBIT dividido
por ventas
MARGEN
Costo de ventas
Margen Oper.
Antes de imp.
1994
1995
1996
1997
1998
1999
2000
Rend. Oper. Sobre Act.
Net. (RONA) antes imp.
1994
1995
1996
1997
1998
1999
2000
Gastos de Fabricacin
Inventario de M.P.
Margen multiplicado
por rotacin de
activos
Rotacin neta
de activos
Clientes deudores
1995
1995
1996
1997
1998
1999
2000
+
Deud. Misc., Provi y Antic.
+
Capital de trabajo
ROTACIN
ACTIVOS
Ventas divididas
por activos netos
Efectivo
Activos netos
Terrenos
+
Activo Fijos Tang. (neto)
Maquinarias y Equipo
Activos no circulantes
+
+
Otros Activos intang y Fin.