Análise dinâmica do capital de giro: um estudo da situação econômico-financeira da Empresa Samarco Mineração S.A. no período de 2007 a 2015.

Abstract

As a result of knowing the importance of studying the working capital, the Fleuriet Model try to supply some failures from the assessment’s conventanional method about this subject in discution. The issue examined the Samarco Mining Corporation performance throughout 2007 to 2015 according to Fleuriet Model. Samarco Mining Corporation was chosen because the breaking dyke in Mariana-MG and its reverberation in Brazil. For this reason, its balance sheets were gathered and reclassified in current liabilities and assets according the model. When the balances were reclassified it was possible to calculate the essential variables for an analyse the Current Liquid Capital (CCL), the Working Capital Wants (NCG), Cash Balance (T) and Efeito Tesoura. The indicators value were analysed and, therefore, it was checked that the studied Corporation fitted in the worst profile in the years 2007 to 2011, 2013 and 2014 what means the short-term sources financed long-term investments and working capital needs were not provide by CCL. In 2012, the Corporation showed an unsatisfactory financial situation, the pattern III of this structure, despite the situation was not confortable, it is the best panorama in the last years. In 2015, Samarco qualified into an excellent profile, although, the judicial balances affecting the results of the research in this year. The Efeito Tesoura did not occur in none of researched exercises.