Evaluation of The Behavior Of The Effectiveness And Eva Indicators Of Companies In The Hardware Sector In Colombia Evaluación del Comportamiento de los Indicadores de Efectividad y Eva de las Empresas del Sector Ferretería en Colombia

Abstract

Knowing what the financial performance of the Colombian hardware sector has been in the period 2012-2018 is the purpose of this article, for this purpose the analysis of financial indicators that evaluate its growth, efficiency, efficacy, and effectiveness is applied as a methodology. It is found that sales and operating net assets grow; fluctuating annual accounting yields are achieved that basically depend on the efficiency in the control of expenditures and the use of a positive financial leverage, although reduced by a deterioration in the efficiency of the use of assets. However, each year it destroys economic value added (EVA), because the return on net operating assets does not exceed the cost of financial resources, This performance differs from the related sector in the United States of America, in which accounting and residual profits are presented every year. This research can be complemented with studies that allow the population to be segmented into homogeneous groups in terms of legal structure, size, age, and geographic location.