Modelo Fleuriet: estudo da aplicação do modelo de análise dinâmica de capital de giro para a avaliação de desempenho da Empresa Óleo e Gás Participações S.A. no período de 2008 a 2014.

Abstract

The fleuriet model aims to overcome the shortcomings of traditional models, analyzing the working capital of the company from the perspective of the dynamic nature of the organization. The main objective of this study is to verify, using the dynamic model analysis of working capital, the economic and financial situation of OGX Petróleo company, listed on the BM&FBOVESPA, in the period 2008 to 2014. After obtaining the company's balance sheets and revaluation the accounts that make up the current assets and current liabilities, were carried out the calculations of the dynamic model indicators (CCL, NCG, T, STF and ILD). Then the analyzes of these indicators were made as well as the company was performed rating over the period analyzed (based on CCL, NCG and T indicator). As a result, it was found that in the years 2008 to 2010 the company had solid financial position with CCL, NCG and positive T. In the years, 2011 and 2012 the company went to a financial situation excellent with CCL and T positive and negative NCG. However, in the years 2013 and 2014 there was a strong change and the financial situation presented became very bad, with CCL, NCG and T negative. The results are consistent with the scenario experienced by the company during the period studied.