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Evaluating the Economic and Financial Efficiency of Sugar-Energy Companies Using Financial Ratios and Data Envelopment Analysis

Year: 2026

Type: conference-paper

Abstract: The sugar-energy sector is highly relevant to Brazilian agribusiness, particularly in São Paulo, which hosts most of the country's operational plants. This study compared the economic-financial performance of ten sugar-energy companies in São Paulo between 2018 and 2024 using two complementary methods: financial indicator analysis and Data Envelopment Analysis (DEA). The descriptive, quantitative research drew from financial statements. Initially, capital structure, liquidity, and profitability indicators were calculated to estimate the sector's standard index. Subsequently, output-oriented DEA CCR and BCC models were applied, using accounting variables as inputs and outputs. The results revealed significant differences in relative performance: some firms operated near the efficient frontier, while others showed opportunities to improve resource utilization and economic results.

Source: International Conference on Control, Decision and Information Technologies (CoDIT)

DOI: 10.1109/codit70676.2026.11630819

Authors: Fabrício José Piacente, Vanessa de Cillos Silva, Lucas Daniel Barile, Eliacy Cavalcanti Lélis, Alexandre Formigoni, Luciana Alves de Oliveira, Kelly Cristina Capana, Caio Flávio Stettiner

Institution: Centro Paula Souza

Language: English

Topic: Efficiency Analysis Using DEA

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth, Affordable and clean energy, Zero hunger

Open Access status: hybrid

OpenAlex ID: W7201845875

FWCI:

Cites: 4

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Related to: 10