Analysis of the financial statements of the ceramic industry

Abstract

This dissertation consists of a study on the Spanish ceramic sector, a study in which the ceramic industry is analyzed from different perspectives. First of all, the ceramic industry in the global market is examined in order to obtain the position Spain ranks compared to other countries; second, this thesis focuses on the national level and, next, the subsectors that make up this industry are examined: the subsector of glaze and that of ceramic tiles. At this point, the focus of this study changes from observing both subsectors as somewhat complementary to obtaining a competitive vision between both of them, carrying out a comparative study of the composition of their annual accounts, profitability and liquidity in order to discover which is the most beneficial subsector, and, therefore, which is the one that contributes to a greater extent to the favorable position of the Spanish ceramic sector in the global market.