Análisis Financiero Walmart 2011-2012
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WAL-MART DE MEXICO S.AESTADOS CONSOLIDADOS DE SITUACION FINANCIERAMiles de pesos
Diciemb e !"# $%"$ Diciemb e !"# $%"" ACTIVOS
ACTIVO CIRCULANTE&C" E'ec(i)o * E+,i) le (es /$0#"1!#$$2.%% /$3#"11#!01.%% /$#221#04!.%%C$ I s( ,me (os 'i cie os /- /- /-C! C,e ( s po cob /"%#!51#4!0.%% /"%#2%%#$4".%% -/3$!#0%!.%%C4 I )e ( ios /!2#%2"#323.%% /!2#!!3#5%3.%% -/$44#""%.%%C3 6 7os (icip dos /"#%"1#%2".%% /244#3%1.%% /5"#303.%%
S,m c(i)os ci c,l (es /50#145#!3!.%% /51#!41#0!0.%% /$#!%%#3"3.%%
ACTIVO NO CIRCULANTEC1 I m,ebles m +,i i * e+ /""5#!51#2%$.%% /"""#!5$#420.%% /1#%%4#4%4.%%C5 Ac(i)os i ( 7ibles /$3#2$0#%4%.%% /!"#%10#212.%% -/3#"4%#2$2.%%C0 O( os c(i)os o ci c,l (e /!!!#4"$.%% /4!!#"$3.%% -/22#5"!.%%
S,m c(i)os o ci c,l ( /"4!#1!0#!34.%% /"4$#054#32$.%% /51!#51$.%%
S,m c(i)os $222,285,707.00 $219,221,430.00 $3,064,277.00
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Diciemb e !"# $%"$ ACTIVOS
ACTIVO CIRCULANTE&E'ec(i)o * E+,i) le (es No( ! /$0#"1!#$$2.%%
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I s( ,me (os 'i cie os /-
C,e ( s po cob No( 4 /"%#!51#4!0.%%C (e de c edi(o B co W lm ( /4#%!3#2"5.%%Imp,es(os po ec,pe /!#!%0#244.%%Clie (es /!#%13#$$%.%%O( s c,e ( s po cob /402#$%%.%%
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S,m c(i)os ci c,l (es /50#145#!3!.%%
ACTIVO NO CIRCULANTEI m,ebles m +,i i * e+,ipo No( 1 /""5#!51#2%$.%%
I m,ebles * e+,ipo p opiosTe e os /$0#503#"$%.%%Edi'icios /44#312#0$0.%%I s( l cio es * me
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Ac(i)os i ( 7ibles No( 5 /$3#2$0#%4%.%%C edi(o me c (il /$4#543#%01.%%M c s /1%2#4$0.%%So'( e /!31#30%.%%Clie (es /""3#44".%%Lice ci s /32#"1%.%%
6 (e (es /4$#!43.%%
O( os c(i)os o ci c,l (es /!!!#4"$.%%
S,m c(i)os o ci c,l (es /"4!#1!0#!34.%%
S,m c(i)os $222,285,707.00
Diciemb e !"# $%"$
6ASIVOS 8 CA6ITAL CONTABLE6ASIVOS A CORTO 6LA9O
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Impo ( cio de me c ci p l )e (C.M.A. - U.S.A.# L.L.C. >A'ili d ? /!#"!0#2%$.%%;lob l 7eo 7e# LTD > 'ili d ? /"5#%5$.%%
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Rem, e cio es p i cip les', cio ios
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O( s c,e ( s po p 7 No( 2 /"4#212#!13.%%6 si)os c,m,l dos * o( os /2#"%"#025.%%C p( cio ( dicio l B co W lm ( /4#$42#24!.%%6 o)isio es /325#2"0.%%
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6ASIVOS A LAR;O 6LA9O
O( os p si)os l 7o pl :o No( "" /"$#1!0#3$!.%%Imp,es(os di'e idos No( "$ /1#300#2%!.%%
Be e'icio emple do No( "! /"#%30#""5.%%
S,m p si)os l 7o pl :o /$%#$03#34!.%%
S,m p si)os $82,449,089.00
CA6ITAL CONTABLE No( "4C pi( l soci l /43#232#5$4.%%C pi( l soci l ) i ble /- Apo ( cio p ',(, os ,me (os /-CA6ITAL ;ANADORese ) s /3#503#353.%%Res,l( do del e
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ANALISIS FINANCIERO
EMPRESA: WALMART DE MEXICO SA
INDICADORES FINANCIEROS AO: $%"$
LIQUIDECONCEP!O:R"# "%"&'( )( *(#(*+ ( - " '+"&" )( "/# "%( #( ( (*" )" "&'" ( % % * /# /+% % ( * ' #)(
AC 6C6PRUE A DE LIQUIDE :
ACTIVO CIRCULANTE 50#145#!3!.%% ".$56ASIVO CIRCULANTE O 6ASIVO CORTO 6LA9O 1$#"1!#341.%%
ACTIVO CIRCULANTE - 6ASIVO CIRCULANTE "1#40!#0%5.%%
PRUE A DEL ACIDO: ACTIVO CIRCULANTE - INVENTARIOS !2#333#530.%% %.14
6ASIVO CIRCULANTE 1$#"1!#341.%%
REN!A ILIDADCONCEP!O:E% )( *(#(*+ ( " )( "/# "%( #( ( "&" ( '+)+ ( "%
MAR EN RU!O:RESULTADO BRUTO 24#321#2"0.%%VENTAS NETAS 4"!#52"#0%%.%% %.$!
po c d peso de )e ( s %.$! pesos so los +,e 7 eMAR EN OPERA!I O:RESULTADO O6ERATIVO !$#!22#%4%.%% %.%0VENTAS NETAS 4"!#52"#0%%.%%
MAR EN NE!O:UTILIDAD NETA $!#$10#11!.%% %.%1VENTAS NETAS 4"!#52"#0%%.%%
RE!ORNO DEL CAPI!AL:UTILIDAD NETA $!#$10#11!.%% %."5CA6ITAL CONTABLE "!2#0!1#1"0.%%
RE!ORNO SO RE LA IN ERSION:UTILIDAD NETA $!#$10#11!.%% %."%
ACTIVO TOTAL $$$#$03#5%5.%%
SOL ENCIA > p l c mie (o?CONCEP!O:R"# "%"&'( ") &+ ") " "& " (/+"&' * & '" *" (% #" % &(%
RA ON DE ENDEUDAMIEN!O:6ASIVO TOTAL 0$#442#%02.%% %.!5
ACTIVO TOTAL $$$#$03#5%5.%%
RA ON DEUDA A CAPI!AL CON!A LE:6ASIVO TOTAL 0$#442#%02.%% %.32CA6ITAL CONTABLE "!2#0!1#1"0.%%
EFICIENCIA OPERA!I A
CONCEP!O:R"# "%"&'( ") (&()+%+% " )( * "&'(% #" ('+ (% " & &" *+ , /+ +"& )( ") *+ ( * & - " "%'(% * "&'(% %" * & +"
6o c d peso +,e debo co (o pl :o (e 7o ".$3pesos p ce le ' e (e co AC
6o c d peso +,e de,do co (o pl :o# (e 7o /%.14 p ce le' e (e si co side l i )e si@ de i )e ( ios.
6o c d peso de )e ( s# el %.%0 pesos es el m 7e ope (i)o>7 ci po l c(i)id d del e7ocio?
6OR CADA 6ESO DE VENTAS# EL %.%1 6ESOS ES MAR;ENNETO>RESULTADO DIS6ONIBLE 6ARA SUS SOCIOS?
6OR CADA 6ESO UE LOS SOCIOS MANTIENEN INVERTIDOSESTE LES ;ENERA UN RENDIMIENTO DE %."0 6ESOS
po c d peso i )e (ido e l emp es # es(e 7e e , e dimie (ode %."% pesos de e dimie (o
po c d pesos +,e l emp es (ie e# debe %.!5 pesos de ese peso (e ce s pe so s
6o c d peso +,e los socios m (ie e i )e (idos e l emp es! s. 6e so s po ( %.32 pesos
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IN EN!ARIOS:Ro( cio de I )e ( ios Cos(o de Ve ( s !$!#434#%0!.%% 0.$3 Veces
>I ) I c = I ) Fi ? $ !2#$"!#13%.%%
A (i7 ed d I )e ( ios No. Di s 6e iodo !13.%% 44Ro(. I )e ( ios 0.$3
L emp es e p omedio )e de s,s i )e ( ios c d 44 di s
CUEN!A CO RAR:Ro( ci@ de C,e ( s G Cob Ve ( s Ne( s 4"!#52"#0%%.%% "1!.1$ )eces
>SIC = SFC? $ $#3$0#2"3.3%
A (i7 ed d 6 omedio CGC No. Di s 6e iodo !13.%% $Ro(. CGC "1!.1$
L emp es cob s,s clie (es c d $ di sCUEN!AS PA AR:Ro( ci@ de C,e ( s G 6 7 Cos(o de Ve ( s !$!#434#%0!.%% 1.55 )eces
>SIC6 = SFC6? $ 45#0""#15%.3%
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L emp es p 7 e p omedio s,s p o)eedo es c d 34 di s
>=? ANT. 6ROMEDIO INVENTARIOS 44>=? ANT. 6ROMEDIO CXC $>H?CICLO DE OPERCION 46>-? ANT. 6ROMEDIO CX6 34>H?CICLO FINANCIERO -5
Si el ciclo 'i cie o es &" ('+ es ' )o de l emp es po +,e p 7 s,s c,e ( s po p 7 desp,es de lope (i)o# (e ie do opo (, id d de ee )e (i o i )e (i po es(e pl :o * ob(e e , posible e dimie (o dici
Si el ciclo 'i cie o es # %+'+ es c 7o de l emp es po +,e es( p 7 do s,s c,e ( s po p 7 ope (i)o# ob(e ie do ec, sos de o( ',e (e de 'i ci mie (o +,e lle) co si7o , cos(o 'i cie o# dism
del e7ocio.
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DE CV
AO: $%""
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$2!#54%#"40.%%
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AJO $%"$ $%""K MESES "$ "$
$%"$ $%""AC!I O
ACTIVO CIRCULANTE
C < * B cos /$0#"1!#$$2.%% /$3#"11#!01.%%Clie (es /$#34$#!55.%% /$#3"3#434.%%I )e ( ios /!2#%2"#323.%% /!2#!!3#5%3.%%De,do es di)e sos /4#3$3#""5.%% /!#4$!#30$.%%Imp,es(os po ec,pe /!#!%0#244.%% /4#21"#$%3.%% A (icipo p o)eedo es /"#%"1#%2".%% /244#3%1.%%TOTAL ACTIVO CIRCULANTE /50#145#!3!.%% /51#!41#0!0.%%
ACTIVO NO CIRCULANTE
INMUE LES MAQUINARIA EQUIPO
Te e os /$0#503#"$%.%% /$5#$23#4$5.%%Edi'icios /35#"44#1$3.%% /3$#!12#34".%%I s( l cio es * me
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O( os p si)os l 7o pl :o /"$#1!0#3$!.%% /"1#4%5#12$.%%Imp,es(os di'e idos /1#300#2%!.%% /1#"01#"11.%%Be e'icio emple do /"#%30#""5.%% /012#"!".%%S,m p si)os l 7o pl :o /$%#$03#34!.%% /$!#41$#202.%%
S,m p si)os /0$#442#%02.%% /2%#%!0#!3!.%%
CA6ITAL CONTABLEC pi( l soci l /43#232#5$4.%% /43#211#352.%%C pi( l soci l ) i ble /- /- Apo ( cio p ',(, os ,me (os /- /-CA6ITAL ;ANADO /- /-Rese ) s /3#503#353.%% /4#15$#00!.%%Res,l( do del e
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