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Análise económica e financeira: estudo comparativo dos 3 maiores setores de atividade do distrito de Setúbal
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| 4.05 MB | Adobe PDF |
Advisor(s)
Abstract(s)
Com a atual competitividade das empresas, foi enaltecida a importância da avaliação do desempenho das empresas e da criação de valor para os seus investidores. Assim, considerou- se pertinente o desenvolvimento do tema “Análise Económica e Financeira: Estudo comparativo dos 3 maiores setores de atividade do Distrito de Setúbal”.
Assim, o objetivo principal desta investigação foi conhecer o desempenho económico, financeiro e monetário e a capacidade de criação de valor no quinquénio de 2014 a 2018 dos principais setores de atividade do distrito de Setúbal (Indústrias Transformadoras, Comércio por Grosso e a Retalho; Reparação de Veículos e Motociclos e Transportes e Armazenagem).
Para tal, optou-se por uma metodologia de estudo de caso múltiplo ou comparativo em relação aos três setores, com o intuito de caracterizar a evolução do desempenho económico, financeiro e monetário, caracterizar a capacidade de criação de valor financeiro e identificar as principais diferenças nos desempenhos entre setores, sendo estes os objetivos específicos deste estudo.
Como fontes de informação, utilizaram-se os Balanços e as Demonstrações de Resultados de cada uma das 250 maiores empresas de cada setor, recolhidos através do Sistema de Análise de Balanços Ibéricos - SABI. Os valores destas demonstrações, foram tratados no Microsoft Excel, onde se procedeu ao cálculo de diversos indicadores económicos, financeiros, monetários e de criação de valor, bem como no Statistical Package for the Social Sciences - SPSS, a fim de se identificarem as diferenças estatisticamente relevantes entre os 3 setores de atividade estudados.
Na caracterização da evolução do desempenho económico, financeiro e monetário, apenas o setor dos Transportes e Armazenagem evidenciou, simultaneamente, uma evolução favorável para a maioria dos indicadores económicos, financeiros e monetários, de 2014 para 2018.
Na análise da capacidade de criação de valor financeiro concluiu-se que, apenas o setor do Comércio por Grosso e a Retalho; Reparação de Veículos e Motociclos, apresentou uma evolução favorável da Rendibilidade Supranormal, de 2014 para 2018.
Foram, ainda, identificadas diferenças estatisticamente significativas no desempenho económico, financeiro, monetário e na capacidade de criação de valor financeiro, entre os 3 setores, no intervalo de 2014 a 2018, destacando-se os valores relevantes na rendibilidade, situação de tesouraria, estrutura financeira e no custo do capital.
With the current competitiveness of companies, the importance of the evaluation of the companies’s performance, and creation of value for their investors, was highlighted. Thus, the development of the topic “Economic and Financial Analysis: a comparative study of the 3 largest sectors of activity in Setúbal District” was considered relevant. Therefore, the main objective of this research was to know the economic, financial and monetary performance and the capacity of value creation in the five-year period from 2014 to 2018 of the main sectors of activity in the Setúbal District (Manufacturing, Wholesale and Retail Trade, Repair of Vehicles and Motorcycles and Transport and Storage). To this end, it was opted for a multiple or comparative case study methodology in relation to the three sectors, in order to characterize the evolution of economic, financial and monetary performance, characterize the ability to create financial value and identify the main differences performance across sectors, which are the specific objectives of this study. As sources of information, were used, the Balance Sheets and Income Statements of each of the 250 largest companies in each sector, collected through the SABI system (Sistema de Análise de Balanços Ibéricos). The values of these statements were treated in Microsoft Excel, where several economic, financial, monetary and value creation indicators were calculated, as well on the Statistical Package for the Social Sciences - SPSS, in order to identify the statistically relevant differences among the 3 sectors of activity studied. In characterizing the evolution of economic, financial and monetary performance, it was concluded that only the Transport and Storage sector showed, simultaneously, a favorable evolution for most economic, financial and monetary indicators, from 2014 to 2018. In the analysis of the capacity to create financial value, it was concluded that only the Wholesale and Retail sector; Repair of Vehicles and Motorcycles, presented a favorable evolution of Supranormal Profitability, from 2014 to 2018. Statistically significant differences were also identified in economic, financial, monetary performance and in the ability to create financial value, between the 3 sectors, in the period from 2014 to 2018, highlighting the relevant values in profitability, treasury situation, financial structure and the cost of capital.
With the current competitiveness of companies, the importance of the evaluation of the companies’s performance, and creation of value for their investors, was highlighted. Thus, the development of the topic “Economic and Financial Analysis: a comparative study of the 3 largest sectors of activity in Setúbal District” was considered relevant. Therefore, the main objective of this research was to know the economic, financial and monetary performance and the capacity of value creation in the five-year period from 2014 to 2018 of the main sectors of activity in the Setúbal District (Manufacturing, Wholesale and Retail Trade, Repair of Vehicles and Motorcycles and Transport and Storage). To this end, it was opted for a multiple or comparative case study methodology in relation to the three sectors, in order to characterize the evolution of economic, financial and monetary performance, characterize the ability to create financial value and identify the main differences performance across sectors, which are the specific objectives of this study. As sources of information, were used, the Balance Sheets and Income Statements of each of the 250 largest companies in each sector, collected through the SABI system (Sistema de Análise de Balanços Ibéricos). The values of these statements were treated in Microsoft Excel, where several economic, financial, monetary and value creation indicators were calculated, as well on the Statistical Package for the Social Sciences - SPSS, in order to identify the statistically relevant differences among the 3 sectors of activity studied. In characterizing the evolution of economic, financial and monetary performance, it was concluded that only the Transport and Storage sector showed, simultaneously, a favorable evolution for most economic, financial and monetary indicators, from 2014 to 2018. In the analysis of the capacity to create financial value, it was concluded that only the Wholesale and Retail sector; Repair of Vehicles and Motorcycles, presented a favorable evolution of Supranormal Profitability, from 2014 to 2018. Statistically significant differences were also identified in economic, financial, monetary performance and in the ability to create financial value, between the 3 sectors, in the period from 2014 to 2018, highlighting the relevant values in profitability, treasury situation, financial structure and the cost of capital.
Description
Keywords
Desempenho económico Desempenho financeiro Criação de valor financeiro Distrito de Setúbal Economic performance Financial performance Monetary performance Creation of financial value District of Setúbal