Ingerência da lucratividade implícita no estoque sobre a capacidade de pagamento das empresas listadas no novo mercado da BOVESPA.

Abstract

Used in the study of corporate solvency, financial analysis assumes the use of methods and techniques to assist measurementof capacity to pay of companies. Under the traditional aegis, from the bankruptcy perspective, the traditional liquidity analysis usually does not consider

the inventoryimplicit and inherit profitability on the of the company's ability to pay its short- term debt obligations.In this sense, it is intended to evaluate the following question: what is

the impact of interference in the gross profitthe inventoryimpliciton company's ability to pay its short-term debt obligations? Therefore, the objective of this work is to propose an analysis the interference ofthe inventory implicit and inherit profitability on the of the non-financial company's ability to pay its short-term debt obligations, listed on the New Market of the Stock Exchange of São Paulo (BOVESPA).The research methodology can be classified as exploratoryaccording to the purposes, and bibliographic according to the means, with approach quantitative. The results obtained show that the gross profitthe inventoryimplicitimplied a positive influence on the company's ability to pay its short-term debt obligations. Thus, has been expected favorable interference for the future, sustained at high levels of probability.Finally, according to a dynamic approach, the model treated by liquidity analysisandadjusted on the inventory profitability presents a great utility to financial managers of companies with operations in the management of working capital.