Movileanu Oana

TECOFIG anul I, gr. 678

STUDIU DE CAZ

1. RATE DE LICHIDITATE
AC
a. Rata lichiditatii curente (generala) - Rlc =
DTS

14545373
- Rlc2012 = = 1,56
9277429

20474471
- Rlc2013 = = 1,51
13493458

20840608
- Rlc2014 = = 1,36
15218881

AC St
b. Rata lichiditatii intermediare (rapida) - Rlc =
DTS

145453733648713
- Rlc2012 = = 1,17
9277429

204744713524659
- Rlc2013 = = 1,25
13493458

208406084036870
- Rlc2014 = = 1,10
15218881

Disp
c. Rata lichiditatii imediate - Rli =
DTS

177356
- Rli2012 = = 0,019
9277429

394594
- Rli2013 = = 0,029
13493458
1 Page
 94595
- Rli2014 = = 0,0062
15218881

ACTIV . TOTAL
d. Rata solvabilitate generala - RSG =
DAT . TOTAL

23042586
- RSG2012 = = 2,09
11022757

27030733
- RSG2013 = = 2,00
14965758

27438374
- RSG2014 = = 1,76
15580757

2. RATE DE GESTIUNE
CA
a. Rotatia activului total - RAT =
AT

17552678
- RAT2012 = = 0,76
23042586

34490550
- RAT2013 = = 1,27
27037033

28286030
- RAT2014 = = 1,03
27438374

CA
b. Rotatia activelor curente - RAC =
AC

17552678
- RAT2012 = = 1,20
14545373

34490550
- RAT2013 = = 1,68
20474471

28286030
- RAT2014 = = 1,35
20840608

AC
c. Durata de rotatie a activelor curente - RAC = * 360
CA

14545373
- 2012 = * 360 = 298,32 298 zile
2

17552678
Page
 20474471
- 2013 = * 360 = 213,7 214 zile
34490550

20240608
- 2014 = * 360 = 265,24 265 zile
28286030

d. Viteza de rotatie a stocurilor in ambele variante -(1) viteza de rotatie =

CA
STOCURI

17552678
- 2012 = = 4,81
3648713

34490550
- 2013 = = 9,78
3524659

28286030
- 2014 = =7
4036870
STOCURI
(2) viteza de rotatie = *360
CA

3648713
- 2012 = * 360= 78,83 75 zile
17552678

3524659
- 2013 = * 360= 36,78 37 zile
34490550

4036870
- 2014 =
28286030

e. Viteza de rotatie a creantelor in ambele variante

CA
(1) viteza de rotatie =
CREANTE

17552678
- 2012 = = 1,63
10719204

34490550
- 2013 = = 2,08
16555218

28286030
- 2014 = = 1,69
16708779

CREANTE
(2) viteza de rotatie = *360
CA
3 Page
 10719204
- 2012 = * 360 = 219,84 220 zile
17552678

16555218
- 2013 = * 360 = 172,79 173 zile
34490550

16708779
- 2014 = * 360 = 212,65 213 zile
28286030

f. Viteza de rotatie a obligatiilor in ambele variante

CA
(1) Durata de rotatie =
OBLIGATII

17552678
- 2012 = = 1,89
9277429

34490550
- 2013 = = 3,14
10966813

28286030
- 2014 = = 2,16
1308687

OBLIGATII
(2) Durata de rotatie = *360
CA

9277429
- 2012 = * 360 = 190 zile
17552678

10966813
- 2013 = * 360 = 114 zile
34490550

13086637
- 2014 = * 360 = 167 zile
28286030

3. RATE DE STRUCTURA
a. Rata stabilitatii financiare

CAP . PERM CAP . PR+ DTL

RF = =
PT PT

12019329+1745328
2012 = = 0,59
23042586
4

12064975+1472300
Page

2013 = = 0,5
27030733
 11857617 +361876
2014 = = 0,44
27438374

b. Rata autonomiei globale

CAP . PR
RAG = *100
PT

12019329
2012 = * 100 = 52,16
23042586

120 64975
2013 = * 100 = 46,63
27030733

11857617
2014 = * 100 = 43,21
27438374

c. Rata de indatorare curenta

DTS
Rdat curenta = *100
PT

9277429
2012 = * 100 = 40,26
23042586

13493458
2013 = * 100 = 49,91
27030733

15218881
2014 = * 100 = 55,46
27438374

d. Rata de indatorare pe termen lung

DTA
Rdat DATL = *100
PT

1745328
2012 = * 100 = 7,57
23042586

1472300
2013 = * 100 = 5,44
27030733

361376
2014 = * 100 = 1,31
27438374

e. Rata de indatorare globala

5Page

DATORII
Rdat DATG = *100
PT
 11022757
2012 = * 100 = 47,83%
23042586

14965758
2013 = * 100 = 45,36%
27030733

15580757
2014 = * 100 = 56,78%
27438374

4. CORELATIA NFR, FR, FN

a. FR = Act. Circulante DTS

2012 = 14545373 9277429 = 5267944
2013 = 20474471 13493458 = 6981013
2014 = 20840608 -15218881 = 5621727

b. NFR = (salarii +creante) (DTS Credite pe TS)

2012 = (3648713 + 10719304) 9277429 = 5090588
2013 = (3524659 + 16555218) - 40966813 = 9113064
2014 = (4036870 + 16708779) - 13086637 = 7659012

c. FN = FR - NFR
2012 = 5267944 5090588 = 177356
2013 = 6981013 9113064 = - 2132051
2014 = 5621727 7659012 = - 2037285

5. RATE DE ECHILIBRU FINANCIAR

FR
a. Rata marjei de securitate RMS = *T
CA
5267944
2012 = * 365 = 110 zile
17557678
6 Page

6981013
2013 = * 365 = 74 zile
34490550
 5612727
2014= * 365 = 73 zile
28 2 86030

FR
b. Rata de finantare a NFR Rfnfr = * 100
NFR
5267944
2012 = * 100 = 103,48%
5090588
6981013
2013 = * 100 = 105,99%
9113064
5621727
2014 = * 100 = 101,55%
7659012

FR
c. Rata de finantare a activelor circulante Rfac= * 100
AC

5267944
2012 = * 100 = 36,21 %
14545373
6981013
2013 = * 100 = 34,09 %
20474471
5621727
2014 = * 100 = 26,93 %
20840608

d. Rata de finantare a NFR pe baza variatiilor de trezorerie

CREDITE TREZORERIE
RFNFRE = * 100
NFR
2012 = 0
2526645
2013 = * 100 = 35,36%
6586419
2132244
2014 = * 100 = 38,58%
5526768
NFR
e. Ponderea NFR in CA = * 100
CA
5090588
2012 = * 100 = 29 %
17552678
6586419
2013 = * 100 = 19 %
7

34490550
Page
 5526768
2014 = * 100 = 19,5 %
28286030

6. RATE DE ECHILIBRU FINANCIAR

PROFIT CA (VA )
a. Rata rentabilitatii financiare = * 100 = *
CAPITAL PROPRIU AT
AT PR
* * 100
Kp CA (Vt )
VF
Rf =
AT
AT
Kp
PR
VT
69007
2012 = * 100 = 0,43%
12019829
VF AT PR 17552678 23042586 69007
= + + * 100 = + + * 100
AT Kp VT 23042586 12019829 17542678
= 0,76 * 1,91 * 0,003 *100 = 0,43%

34490550 27030733 211131

2013 = + + * 100 = 1,27 * 2,27 * 0,006 *100 =
27030733 12064975 34490550
1,7%

Rf = Rf1 Rf0 = 1,7 -0,43 = 1,27%

1) Influenta vitezei de rotatie a activului total
RF
VF 1 AT 0 PR 0 VF 0 AT 0 PR 0
= * * * 100 - * * *
VF AT 1 Kp 0 VT 0 AT 0 Kp 0 VT 0

AT
100 =
34490550 23042586 69007 17552678
* * * 100 - *1,91 * 0.003 *
27030733 12019829 17552678 23042586
100 =
8 Page

= 1,27 *1,91 *0,003 *100-0,76*1,91 *0,003 *100 = 0,72-0,43 = 0,29%

 2) Influenta factorului de multiplicare a capitalului propriu

RF
VF 1 AT 1 PR 0 VF 1 AT 0 PR 0
= * * * 100 - * * * 100 =
VF AT 1 Kp 1 VT 0 AT 1 Kp 0 VT 0

Kp
27030733
1,27 * *0,003*100 1.27 *1,91 * 0,003 *100=
12064975
= 1,27*2,24*0,003*100-0,72 = 0,85-0,72 = 0,13%
3) Influenta profitului net la 1 leu venituri totale

RF
VF 1 AT 1 PR 1 VF 1 AT 1 PR 0
= * * * 100 - * * * 100 =
PR AT 1 Kp 1 VT 1 AT 1 Kp 1 VT 0

VT
134906
1,27*2,24 * *100 1.27 *2,24 * 0,003 *100=
34490550
= 1.27 * 2,24 *0,003*100 0,85 = 0,85-0,85 = 0
9
Page