Análise Dinâmica Modelo Fleuriet: um estudo sobre o capital de giro das companhias do setor de consumo não cíclico, comércio de distribuição de alimentos listadas na B3 no anos de 2015 a 2018

Abstract

The present work aimed to analyze the financial structures of companies in the non-cyclical consumer sector, food distribution trade listed in B3 from 2015 to 2018 according to the Michel Fleuriet Model, a method that allows a dynamic financial analysis. Based on the reclassification of the companies' balance sheet accounts, the following variables can be measured: Working Capital Requirement (NCG), Working Capital (CDG) and Treasury Leap (ST). Having as data source the Financial Statements of the companies in the years 2015 to 2018, available on the B3 website. The analysis of the dynamic model of the periods showed a type I (excellent) financial situation, for Atacadão SA in all periods analyzed and for the company Cia Brasileira de Distribuição in 2015 presented type VI (high risk) financial situation. and for the periods from 2016 to 2018 presented type II (solid) financial situation.