Gestión financiera de la pyme manufacturera de productos lácteos en Colombia (2014- 2019)

The article presents the results of an investigation that aims to evaluate the financial performance of small and medium-sized companies in the dairy product manufacturing sector in Colombia in the 2014-2019 period, following as a methodology the analysis of accounting and value management indicators. that measure its growth, efficiency, efficacy and effectiveness. It is found that the SME in this sector achieves an average accounting performance in the six-year period, being higher in the medium-sized company because it is more efficacy in managing costs and expenses, even if it is not more efficient in the use of assets, or the one that use higher financial leverage. However, SMEs destroy economic added value (EVA) because the cost of financial resources is higher than the return on operating net assets, although in medium-sized companies this difference is lower.