Análise dos Índices de Rentabilidade e do Grau de Alavancagem Financeira de empresas do setor de comércio listadas na B3

Abstract

To remain competitive in a globalized scenario, it is up to the company to decide for the capital structure that shows better returns to the enterprise, for this reason, knowing and analyzing the indexes that show such returns is an important tool for decision making. The aim of this study was to investigate whether the companies in the Commerce subsector, listed on B3, had a similar and stable behavior in their Profitability Indicators and Degree of Financial Leverage. The research, of descriptive nature, counted on 18 companies from the Commerce subsector, listed on B3 between the years 2010 and 2021, whose data were collected from the consolidated accounting statements (BP and DRE) in order to obtain the profitability indicators (ROA and ROE) and the degree of financial leverage. The results obtained, whether by descriptive statistics or dispersion measures, have shown that the companies in the Commerce Subsector have suffered variations in their returns, and therefore have not had a similar and stable behavior in their Profitability Indicators and Financial Leverage Ratios. The present study contributes with important information regarding the control and financial planning of the companies, especially in the decisions regarding the use of External Capital as a way to leverage the profitability of the company.