Modelo de análisis financiero para el sector materiales básicos, específicamente en la industria de productos químicos: caso H.B. Fuller

Proyecto Final de Graduación (Maestría en Administración de Empresas) Instituto Tecnológico de Costa Rica, Escuela de Administración de Empresas, 2019.El presente documento muestra el análisis realizado para el sector materiales básicos, específicamente en la industria de productos químicos (adhesivos) caso: H.B. Fuller con el fin de evaluar su situación financiera para los períodos 2017-2018. El estudio se realizó mediante un análisis horizontal y vertical de los períodos analizados, así como a través del cálculo y análisis de diversas razones financieras. Una vez realizado el diagnóstico financiero se realizaron algunas proyecciones de la empresa, con el fin de complementar el análisis. Analizados los últimos 2 años se determina que la cuenta de efectivo y equivalentes de efectivo disminuyó un 22%, por otro lado, las cuentas de pasivos han tenido también una importante disminución principalmente por cancelación de deuda por pagar y deudas a largo plazo. También se ha presentado un aumento por gastos financieros de un 149% de un año a otro, generando una disminución de la liquidez de la empresa. Es menester indicar que a pesar de mostrarse en términos porcentuales un aumento en las ventas de 31.8%, el costo de ventas muestra una clara tendencia al alza de un 29.58%, esto impacta fuertemente la rentabilidad de la empresa. La empresa ha realizado importantes esfuerzos para mejorar sus indicadores claves como: los inventarios que para el 2018 se transforman más rápido a ventas 6,20 veces, adicionalmente el período medio de inventario disminuyó para el año 2018. La compañía está mejorando sus tiempos de cuentas por cobrar y finalmente se ha disminuido el periodo que tarda en recuperar las ventas a crédito. La buena gestión de los indicadores anteriormente mencionados demuestra el esfuerzo de la empresa que se ven traducidos en un incremento en todos sus márgenes de utilidad.This document shows a summary of the analysis carried out for the basic materials sector, specifically in the chemical industry (Adhesives) case: H.B Fuller in order to assess its financial situation for the 2017-2018 periods. The study was conducted using a horizontal analysis and vertical periods from the analyzed periods, as well as through calculation and analysis of various financial reasons. Once the financial diagnosis was done, some projections of the company were made with the purpose of complement the analysis. After analyzing the past 2 years it is determined that cash account and cash equivalents decreased by 22%, on the other hand liabilities have also had an important decline from 2017 to 2018 mainly due to cancellation of payable and longterm. In addition, an increase for financial expenses of 149% of a year to another, leading to a decrease in the liquidity of the company. It is necessary to indicate that even though we have a slight increase in sales by 31.8%. The cost of our sales shows a clear upward trend of 29.58%. This will affect in a very strong way the company profitability. The company has made significant efforts to improve its key indicators such as: inventories that by 2018 are transformed faster to sales 6.20 times, additionally these average inventory period deceased for 2018. The company is improving its account times receivable and finally the period it takes to recover credit sales has decreased. The good management of the aforementioned indicators demonstrates the company’s efforts that are translated into an increase in all its profit margins

Biomarkers of Nutrition for Development (BOND)—Iron Review

This is the fifth in the series of reviews developed as part of the Biomarkers of Nutrition for Development (BOND) program. The BOND Iron Expert Panel (I-EP) reviewed the extant knowledge regarding iron biology, public health implications, and the relative usefulness of currently available biomarkers of iron status from deficiency to overload. Approaches to assessing intake, including bioavailability, are also covered. The report also covers technical and laboratory considerations for the use of available biomarkers of iron status, and concludes with a description of research priorities along with a brief discussion of new biomarkers with potential for use across the spectrum of activities related to the study of iron in human health. The I-EP concluded that current iron biomarkers are reliable for accurately assessing many aspects of iron nutrition. However, a clear distinction is made between the relative strengths of biomarkers to assess hematological consequences of iron deficiency versus other putative functional outcomes, particularly the relationship between maternal and fetal iron status during pregnancy, birth outcomes, and infant cognitive, motor and emotional development. The I-EP also highlighted the importance of considering the confounding effects of inflammation and infection on the interpretation of iron biomarker results, as well as the impact of life stage. Finally, alternative approaches to the evaluation of the risk for nutritional iron overload at the population level are presented, because the currently designated upper limits for the biomarker generally employed (serum ferritin) may not differentiate between true iron overload and the effects of subclinical inflammation

Deep Underground Neutrino Experiment (DUNE), Far Detector Technical Design Report, Volume I Introduction to DUNE

International audienceThe preponderance of matter over antimatter in the early universe, the dynamics of the supernovae that produced the heavy elements necessary for life, and whether protons eventually decay—these mysteries at the forefront of particle physics and astrophysics are key to understanding the early evolution of our universe, its current state, and its eventual fate. The Deep Underground Neutrino Experiment (DUNE) is an international world-class experiment dedicated to addressing these questions as it searches for leptonic charge-parity symmetry violation, stands ready to capture supernova neutrino bursts, and seeks to observe nucleon decay as a signature of a grand unified theory underlying the standard model. The DUNE far detector technical design report (TDR) describes the DUNE physics program and the technical designs of the single- and dual-phase DUNE liquid argon TPC far detector modules. This TDR is intended to justify the technical choices for the far detector that flow down from the high-level physics goals through requirements at all levels of the Project. Volume I contains an executive summary that introduces the DUNE science program, the far detector and the strategy for its modular designs, and the organization and management of the Project. The remainder of Volume I provides more detail on the science program that drives the choice of detector technologies and on the technologies themselves. It also introduces the designs for the DUNE near detector and the DUNE computing model, for which DUNE is planning design reports. Volume II of this TDR describes DUNE's physics program in detail. Volume III describes the technical coordination required for the far detector design, construction, installation, and integration, and its organizational structure. Volume IV describes the single-phase far detector technology. A planned Volume V will describe the dual-phase technology

Deep Underground Neutrino Experiment (DUNE), Far Detector Technical Design Report, Volume II: DUNE Physics

The preponderance of matter over antimatter in the early universe, the dynamics of the supernovae that produced the heavy elements necessary for life, and whether protons eventually decay -- these mysteries at the forefront of particle physics and astrophysics are key to understanding the early evolution of our universe, its current state, and its eventual fate. DUNE is an international world-class experiment dedicated to addressing these questions as it searches for leptonic charge-parity symmetry violation, stands ready to capture supernova neutrino bursts, and seeks to observe nucleon decay as a signature of a grand unified theory underlying the standard model. The DUNE far detector technical design report (TDR) describes the DUNE physics program and the technical designs of the single- and dual-phase DUNE liquid argon TPC far detector modules. Volume II of this TDR, DUNE Physics, describes the array of identified scientific opportunities and key goals. Crucially, we also report our best current understanding of the capability of DUNE to realize these goals, along with the detailed arguments and investigations on which this understanding is based. This TDR volume documents the scientific basis underlying the conception and design of the LBNF/DUNE experimental configurations. As a result, the description of DUNE's experimental capabilities constitutes the bulk of the document. Key linkages between requirements for successful execution of the physics program and primary specifications of the experimental configurations are drawn and summarized. This document also serves a wider purpose as a statement on the scientific potential of DUNE as a central component within a global program of frontier theoretical and experimental particle physics research. Thus, the presentation also aims to serve as a resource for the particle physics community at large

Deep Underground Neutrino Experiment (DUNE) Near Detector Conceptual Design Report

International audienceThe Deep Underground Neutrino Experiment (DUNE) is an international, world-class experiment aimed at exploring fundamental questions about the universe that are at the forefront of astrophysics and particle physics research. DUNE will study questions pertaining to the preponderance of matter over antimatter in the early universe, the dynamics of supernovae, the subtleties of neutrino interaction physics, and a number of beyond the Standard Model topics accessible in a powerful neutrino beam. A critical component of the DUNE physics program involves the study of changes in a powerful beam of neutrinos, i.e., neutrino oscillations, as the neutrinos propagate a long distance. The experiment consists of a near detector, sited close to the source of the beam, and a far detector, sited along the beam at a large distance. This document, the DUNE Near Detector Conceptual Design Report (CDR), describes the design of the DUNE near detector and the science program that drives the design and technology choices. The goals and requirements underlying the design, along with projected performance are given. It serves as a starting point for a more detailed design that will be described in future documents