Abstract

RESTREPO MORALES, JORGE ANÍBAL; VANEGAS LOPEZ, JUAN GABRIEL; PORTOCARRERO SIERRA, LORENZO  and  CAMACHO VARGAS, LAQUILEO. A FINANCIAL APPROACH TO THE APPAREL INTERNATIONAL TRADING COMPANIES' EXPORT POTENTIAL THROUGH A STOCHASTIC DUPONT. Rev.fac.cienc.econ. [online]. 2017, vol.25, n.1, pp.41-56. ISSN 0121-6805.  https://doi.org/10.18359/rfce.2653.

This paper quantifies the impact of efficiency, profit margin and financial leverage on the export performance of apparel international trading companies, using a stochastic Dupont analysis. Primarily a Monte Carlo simulation is used to model the Dupont system, bringing all figures in the balance sheet and the income statement to the probability distributions of best fit, producing a figure to explain the performance of the equity and investment for these type of businesses. Then, through a sensitivity analysis, using @ Risk, the impact of the explanatory variables (efficiency, margin and leverage) in the behavior of the Dupont projected index is determined. It is that companies in the study have a clear financial weakness, and that the sector shows low efficiency in the use of resources.

Keywords : Financial analysis; international traders; Dupont model; SMEs; Monte Carlo simulation.

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