Indicadores de lucratividade e rentabilidade: um estudo sobre a capacidade de produzir subsídios para investidores do segmento de edificações da BM&FBOVESPA

Abstract

The objective of this study was to verify if the accounting statements analysis ratios were sufficient to demonstrate the differences between the companies from the same segment, although those being susceptible to similar external interferences. 17 companies from the buildings segment were analyzed over 22 trimesters. The research was descriptive according to the objective, documentary according to the adopted procedures of collecting data and quantitative according to choice of answers to problems. The data was collected on BM&FBovespa database, using as variables to achieve the objective, the following: ROA, Gross Margin, EBITDA Margin and net profit Margin. The data was analyzed through descriptive statistics and Friedman test performing by multiple comparisons. The results made possible to evaluate each of the companies, identifying the ratios that differed the most. As a conclusion, the four ratios showed statistically significant differences between the companies. By the comparison between the companies, it was possible to perceive that EBITDA Margin and Gross Margin had the most significant differences.