Sumários
Cash conversion Cycle and Financing Strategies
2 Outubro 2019, 10:00 • JOÃO CARLOS CARVALHO DAS NEVES
Liquidity based on the funding structure of working capital
2.4. Improving liquidity through better management of the operating cycle
What is operating cycle, trade cycle and cash conversion cycle
Ratios to analyse the cash conversion cycle or net operating (or net trade) cycle
Industry effect and management effect
2.5. Financing strategies
Maturity matching financing strategy
Conservative financing stratengy
Agressive financing strategy
Risky financing strategy
Profitability assessment
30 Setembro 2019, 10:00 • JOÃO CARLOS CARVALHO DAS NEVES
Drivers of profitability
Pestle analysis
Criticism to Duppont model and improvements to generate the integrative model
Integrative model of ROE based on additive model
- Strategic and operating impact
- Capital strutcure policy impact
- Non-recurring items impact
- Tax income impact
The formula fo the multiplicative model
Assessing Liquidity and Financial Strength
25 Setembro 2019, 10:00 • JOÃO CARLOS CARVALHO DAS NEVES
Presentation of teacher and the course: Objectives, contents, methodology of teaching, evaluation system, bibliography
Introduction to the purpose of the company and trends to the ESG (Environment, Social and Governance) approahes by investors and leading CEO
Value creation discussion shareholders vs stakeholders
Assessing performance using financial statements
From the accounting balance sheet to the managerial balance sheet
Break
Traditional Liquidity Ratios
Liquidity based on the funding structure of working capital
Ratios of financial structure of the balance sheet
Measures of financial strength based on EBITDA and Recurring cash earnings
Times interesting earnings and Coverage ratio
Cash conversion cycle assessment and financing strategies
23 Setembro 2019, 10:00 • JOÃO CARLOS CARVALHO DAS NEVES
Liquidity based on the funding structure of working capital
2.4. Improving liquidity through better management of the operating cycle
What is operating cycle, trade cycle and cash conversion cycle
Ratios to analyse the cash conversion cycle or net operating (or net trade) cycle
Industry effect and management effect
2.5. Financing strategies
Maturity matching financing strategy
Conservative financing stratengy
Agressive financing strategy
Risky financing strategy
Unilever Case
18 Setembro 2019, 10:00 • JOÃO CARLOS CARVALHO DAS NEVES
Extra class on 30 october 2019 to substitute the class of 18 september that was the open year cerimony of the University of Lisbon:
Unilever case study
Q&A related to Apple Case