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REASONS
REASONS
2017
94.447.943
= 0.57123683
164.339.380 For each peso, in a
short term, Estelar had
0.57COP to support.
ACID TEST
2016
93.824.606
= 0.723718
129.642.494 For each peso, in a
short term, Estelar had
0.72COP to support.
GROSS PROFIT MARGIN
SALES
2017
2016
165.522.046-92.272.153 152.172.881 - 80.203.430
165.522.046 152.172.881
= 0.442538590901 = 0.472945314086
GROSS PROFIT MARGIN
SALES
2017 2016
44 % 47 %
So it is observed that in 2016 the sales and sales costs were lower than the year
2017, in this a higher percentage was obtained because suddenly their fixed costs
were lower.
EQUITY RETURN 2017
HERITAGE
= 324.404.226
= 0.05724564381
EQUITY RETURN 2016
= 0.06257152737
EQUITY RETURN
2017 = 5.72 %
2016 = 6.25 %
There was an increase in the return on investment of the 0f 0,53% ,this is probably
caused by the increase in the valuations of the company.