Bibliographic citations
Becerra, P., Pinedo, R., Cabezas, M., Aliaga, A. (2021). Buenas prácticas en la gestión del capital de trabajo y su relación con el EVA en el periodo 2015 al 2019 caso de las empresas: Unión de Cervecerías Peruanas Backus y Johnston S.A.A., Cementos Pacasmayo S.A.A. y Compañía Minera Poderosa S.A. [Pontificia Universidad Católica del Perú]. http://hdl.handle.net/20.500.12404/20915
Becerra, P., Pinedo, R., Cabezas, M., Aliaga, A. Buenas prácticas en la gestión del capital de trabajo y su relación con el EVA en el periodo 2015 al 2019 caso de las empresas: Unión de Cervecerías Peruanas Backus y Johnston S.A.A., Cementos Pacasmayo S.A.A. y Compañía Minera Poderosa S.A. []. PE: Pontificia Universidad Católica del Perú; 2021. http://hdl.handle.net/20.500.12404/20915
@mastersthesis{sunedu/3114025,
title = "Buenas prácticas en la gestión del capital de trabajo y su relación con el EVA en el periodo 2015 al 2019 caso de las empresas: Unión de Cervecerías Peruanas Backus y Johnston S.A.A., Cementos Pacasmayo S.A.A. y Compañía Minera Poderosa S.A.",
author = "Aliaga Escobedo, Abraham David",
publisher = "Pontificia Universidad Católica del Perú",
year = "2021"
}
The purpose of this study is to identify good practices in the management of working capital that have been related to the performance of the companies Unión de Cervecerías Peruanas Backus y Johnston S.A., Cementos Pacasmayo S.A.A. and Compañía Minera Poderosa S.A., between the period 2015 to 2019. In this way, provide an academic contribution to the previous studies that exist on this subject in the academic community of the country. Regarding the aforementioned, the current situation of working capital is presented, analyzing the management of cash, accounts receivable, inventories and accounts payable, of each company using the cash conversion cycle for each participant in the study. The EVA indicator has been calculated a presented for each company and is related to the management of working capital, by simulating the behavior of the main working capital indicators in each of the companies studied, we observe the following relationship with the EVA: negative relationship between EVA and cash conversion cycle, accounts receivable and inventory, and positive relationship between EVA and accounts payable. Good practices were identified in the management of working capital with respect to the company Unión de Cervecerías Peruanas Backus y Johnston S.A. which are: In cash Management are the projection of funds of eight weeks for payments of obligations and investment of cash available in the capital market. In the management of accounts receivable, they are the monthly review of the loan portfolio considering risk exposure, credit cut in accordance with the fulfillment of goals, negotiation with clients promp payment, use of factoring with selected clients as long as the rate is lower than the WACC, monthly evaluation of the level of accounts receivable comparing it with the level of liabilities generated to keep them in line with the objectives, use of differentiated indicators according to the sales channel such as accounts receivable between net revenue which should be around 5%, overdue credit should not be greater than 3% of the loan portfolio, the percentage of leverage sales on credit between total sales it should be around 35%. In inventory management, the inventory control of maximum and minimum inputs to cover production and demand according to the lead time for sale is the use of the inventory indicator between the net revenue, which should be around 6.5%. In the management of accounts payable we have direct negotiation with suppliers, the use of factoring with suppliers whose cost is assumed by the suppliers through competitive rates, use of credit cards for relevant payments through payments on the established days to avoid interest, use of the accounts payable indicator between the net revenue which should be around 6.5%. Regarding the company Cementos Pacasmayo S.A. A, the good practices identified are: In cash management, they are the management of the operating cash flow and the projected cash flow. In the management of accounts receivable, sales policies are backed by guarantees, constant evaluation of the customer's payment behavior for the granting of credits. In inventory management are inventory control by plant and by product. In the management of accounts payable they are direct negotiation with suppliers to meet the objectives of the company. With respect to the company Compañía Minera Poderosa S.A. the good practices identified are: In cash management, they are the use of cash flow to guarantee liquidity in the fulfillment of its obligations, not to make investments that are not directed to the operation of the company. In the management of accounts receivable are the use of prior agreements to ensure immediate collection. In inventory management they are the use of an in-house system for inventory management, inventory control by processes and the use of the ABC methodology; the use of inventory ratios such as the report of returns, stock out, level of timely attention, level of obsolete materials. In the management of accounts payable are discounts for prompt payment, negotiation of payment terms with suppliers ensuring that the chain of payments is not broken.
This item is licensed under a Creative Commons License