Operating Cash Flow and Added Value: A Study of the Correlation between Liquidity and Distribution of Added Value in the Brazilian Textile Sector

The operating cash flow (FCO) is the financial results produced by the assets directly identified with the activity of the company. It is obtained in the Statement of Cash Flows in the first group of operations: operating activities. Through this, one can calculate a liquidity ratio than that obtained with elements of the Balance Sheet. In this context, this study brings the discussion to the liquidity of companies, perceived from liquidity indicators calculated by the Operating Cash Flow, is related to the distribution of added value demonstrated by the DVA. Thus, the objective was to explore the results of the correlation between the indicator Operating Cash Flow and Value Added in the Brazilian textile sector. For this, we used the statements of 18 companies with shares on the Bovespa Brazilian textile sector in software development for Economatica, and were also collected the values of EBITDA, as an estimate of the FCO. After collecting data, indicators were calculated and subsequently performed correlation and regression in SPSS, totaling 720 data used. By analyzing the results, we concluded that liquidity has no significant influence on the distribution of wealth.