SME of the stone aggregate sector in Colombia: Financial study (2010-2015)
Abstract
This article presents the results of a research that aims to evaluate the financial performance of the SME of the stone aggregate sector in Colombia in the period 2010-2015, through an analysis of the accounting and economic value added indicators that measure their growth, efficiency, efficacy and effectiveness. It is found that the SME of this sector generates accounting returns in the period, being superior in the small company because it has greater efficiency in the administration of operational and non-operational costs and expenses, a greater efficiency in the use of the assets and a greater use of positive financial
leverage. However, the SME destroys economic value added (EVA) in each of the years; but it is the medium company that most destroys EVA for each monetary unit invested. These findings will be strengthened with similar studies for SMEs more homogeneous in age and geographic location.
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