Il valore Contabile di una SocietAi??

Categorie: Finanza

Con il valore contabile di una societAi?? si fa riferimento al patrimonio che, al netto dalle spese, unai??i??azienda possiede sul proprio bilancio. In pratica, quindi, A? ciA? che rimane in cassa dopo aver esaurito tutti i debiti contratti per merci, attrezzature, mobili, e dopo aver incassato i crediti maturati presso i propri clienti. La differenza tra debiti e crediti, quindi, porta alla definizione del valore contabile, che serve a rendere subito evidente agli azionisti quello che A? il dividendo che spetterebbe loro nel caso in cui la societAi?? venisse liquidata.
Attenzione perA?: il valore contabile non A? lai??i??equivalente del valore commerciale di unai??i??impresa. Molto spesso, per effettuare una valutazione corretta del prezzo di unai??i??azione si usa proprio far riferimento al valore contabile, mettendolo in relazione con il prezzo stesso del titolo.



Ma perchAi?? il valore contabile si discosta da quello di mercato? I motivi possono essere diversi e numerosi, ma uno di quelli considerati fondamentali ha a che vedere con il fatto che unai??i??azienda possiede una serie di ai???beniai??? immateriali, come nel caso di know how, conoscenza, contatti e parco clienti ormai stabili e consolidati.
Tutti valori che non possono essere quantificati in un bilancio ma di cui il mercato conosce bene lai??i??importanza e sa che si tratta di innegabili pregi, anche dal punto di vista economico.

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