Comparison of 25 sectors brings improvement in the economic performance of sugarcane
The changes observed in Brazilian politics in recent years have generated ups and downs in the results of companies from various sectors of the economy. From 2016 to now, in general, the climate is of attention, but there was a certain breath regarding the possibilities of financial tightening.
The sugar-energy sector, in particular, has been going through a period of caution. After years of severe economic crisis and low investments in sugarcane fields, productivity in the field remains a bottleneck. With this, climate interference is felt with a lot of impact, especially in the older sugarcane fields, which are the reality of most of the country.
More broadly, the challenges and strengths of various sectors of the country’s economy – including sugarcane – are shown in the results released by Valor 1000. The publication lists the financial results of the 1,000 largest net revenue companies in the country.
From these data, novaCana gathered the average performances of the 25 contemplated sectors of the economy, comparing the financial results of the sugarcane elite with the largest companies of other branches through eight indicators.
In the most recent analysis, for 2018, the sugar and ethanol sector had slightly higher average results compared to the previous year, improving its numbers by three indicators – against only one in the comparison between 2016 and 2017 .
Still, companies are above average in only three of them, the same as in the previous analysis: EBITDA margin (earnings before interest, taxes, depreciation and amortization), current liquidity and asset turnover. These results may indicate a concern of the mills in improving their operating results.
Moreover, looking at the remaining indicators, companies in the sector lost positions in four of them and kept in one, having registered values well below the average.
Check out the results of the 39 largest sugar-energy companies in eight indicators. The companies considered for the calculations were (in alphabetical order): Adecoagro, Atvos, Balbo, Barralcool, Batatais, Bazan, Bevap Bioenergy, Biosev, Bunge, Cerradinho Bioenergy, Clealco, CMAA, Cocal, Colombo Agricultural Company, Colombo, Copersucar, Coruripe , Sugar and Alcohol, Delta Sucroenergia, Ferrari Agroindustry, Goiasa, Agricultural Iaco, Ipiranga Agroindustrial, Jalles Machado, Lincoln Junqueira, Maringá, Improvements, Nardini, Eye of Water, Santa Adelia, Santa Fe, Santa Isabel, Santa Terezinha, Sao Joao, Sao Manoel, Sao Martinho, Tereos Internacional, Usina da Pedra and Zilor.