Duratex Demonstrações Financeiras

Duratex, now known as Dexco after a rebranding, is a prominent Brazilian company specializing in building materials, specifically wood panels, sanitary ware, metal fittings, and ceramic tiles. Understanding its financial performance requires analyzing its consolidated financial statements, which are publicly available, usually on their investor relations website.

Key components of Duratex's financial statements include the balance sheet, income statement (also known as profit and loss statement), statement of cash flows, and statement of changes in equity. These documents offer a comprehensive view of the company's financial health and operating results.

The balance sheet presents a snapshot of Duratex's assets, liabilities, and equity at a specific point in time. Assets are what the company owns, like cash, accounts receivable (money owed by customers), inventory, and property, plant, and equipment (PP&E). Liabilities represent the company's obligations, such as accounts payable (money owed to suppliers), debt, and deferred revenue. Equity is the residual interest in the assets after deducting liabilities and essentially represents the owners' stake in the company. Analyzing trends in these categories reveals insights into Duratex's liquidity, solvency, and financial leverage.

The income statement shows Duratex's financial performance over a specific period, typically a quarter or a year. It begins with revenue, which is the income generated from sales. Cost of goods sold (COGS) is then deducted to arrive at gross profit. Operating expenses, such as administrative and marketing expenses, are then subtracted to obtain operating profit (EBIT - Earnings Before Interest and Taxes). Interest expense and taxes are further deducted to arrive at net income, the "bottom line" profitability for the period. Key metrics derived from the income statement include gross margin, operating margin, and net profit margin, which indicate the company's efficiency and profitability.

The statement of cash flows tracks the movement of cash both into and out of Duratex. It categorizes cash flows into three main activities: operating activities (from the normal day-to-day running of the business), investing activities (related to the purchase and sale of long-term assets like PP&E), and financing activities (related to debt, equity, and dividends). Analyzing the cash flow statement helps determine Duratex's ability to generate cash, meet its obligations, and fund future growth. A healthy cash flow from operations is crucial for long-term sustainability.

The statement of changes in equity details the changes in the different components of shareholders' equity over a period. It shows the impact of net income, dividends paid, share issuances, and other equity transactions on the company's equity balance. Understanding these changes provides insights into how Duratex is managing its capital structure and shareholder value.

When analyzing Duratex's financial statements, it's important to consider industry-specific factors, such as fluctuations in lumber prices, housing market trends in Brazil and globally, and competition within the building materials sector. Comparing Duratex's financial performance to its peers and tracking trends over time provides a more comprehensive understanding of its financial health and future prospects. Furthermore, reading the accompanying notes to the financial statements is critical as they provide important explanations and details about the accounting policies used and significant events that may impact the company's financial position.