BSC - Finance perspective

The Financial Pespective defines the financial objectives which represent the long-term objectives of the whole organization: to achieve higher profitability based on the capital employed. The financial objectives are commonly linked with profitability, like for example “Operating Income / Sales”, the “Return on Capital Employed(ROCE), the “Return on Investment” (ROI), the “Return On Equity” (ROE), the “Economic Value Added” (EVA) or the Cash Flow generation among others.

The financial performance indicators are the focus or direction for the other perspectives of the BSC. They are the starting point from where the cause-effect relationships must be constructed. Each one of the selected objectives and measures must be part of a cause-effect relationships group, they must be consistent, balanced and mutually reinforcing.  Their objective is to contribute to improve financial performance. These relationships are summarized at the strategic map.

The objectives and financial performance indicators are used to define the strategy expected financial performance, the expected results, and they serve as the ultimate objectives and measures for the rest of the other perspectives of the BSC.

The BSC states the financial objectives and adapts them to the different growing phases and company’s lifecycle. Through the BSC the financial perspective allows us to:

Follow the evolution of results: It summarises the evolution of the company’s results up to date.

Establish the long-term business objectives, the key drivers to success, the performance measures and the relationships between them.

Evaluate the company’s performance: Measure and compare current versus expected results, all with the main goal to check whether the current company strategy is helping to achieve the expected objectives. Ultimately, these are to bring value to customers, shareholders and other stakeholders (employees, suppliers, the community where the company operates and the society in general). 

 Some examples of financial indicators

  • EBITDA interest coverage (x): 
  • (FFO) Funds From Operations to Total Debt:
  • (FOCF) Free Operating Cash Flow to Total Debt:
  • ROCE: Return On Capital Employed:
  • Operating Income to sales:
  • Sales to Equity:     
  • Sales to Financing:  
  • Long-term dept to (Equity + Long-term debt): 
  • Total debt to (Equity+ Total debt): 
  • ROE:
  • CAPEX to sales:
  • EVA= NOPAT - (Capital Employed x WACC):
  • Cash Flow to Sales:
  • Non-current assets efficiency:
  • Cash Conversion Cycle (CCC):
  • Current Assets to Current liabilities:
  • Operational expenses coverage:
  • Net Working Capital (NWC) to Total Assets:


NOTE! This site uses cookies and similar technologies.

If you not change browser settings, you agree to it. Learn more

I understand


Cookie is a file that is downloaded to your computer to access certain web pages. Cookies allow a website, among other things , store and retrieve information about browsing habits of a user or your computer, depending on the information they contain and the way you use your computer, can be used to recognize the user .. the user's browser stores cookies on your hard drive during the current session only occupy a minimal memory space and not harming the computer. The cookies do not contain any specific personal information, and most of them are deleted from the hard drive at the end of the browser session (so-called session cookies) .

Most browsers accept cookies as standard and , independently thereof, in granting or denying security settings stored cookies or temporary .

Without your express consent, by enabling cookies in your browser - SMB-FINANCE will not link in the cookies stored data with your personal data provided at the time of registration or purchase ..

What types of cookies used this site ?

- Technical Cookies : These are those that allow the user to navigate through a web page or application platform and the use of different options or services it exist as , for example, control traffic and data communication , identify session , access restricted parts , remember the elements of an order, make the buying process an order, make the request for registration or participation in an event, use the security features while browsing store content for broadcast or sound or video content sharing through social networks.

- Customization Cookies : These are those that allow the user to access the service with some features of a general nature based on a predefined set of criteria in the user terminal such as would be the language, the type of browser through which you access the service , the locale from which you access the service , etc. .

- Cookies analysis : those that are well treated by us or by third parties, allow us to quantify the number of users and perform the measurement and statistical analysis of the use made by users of the service provided. This is discussed in browsing our website in order to improve the supply of products or services that we offer .

- Advertising Cookies : These are those who , well treated by us or by third parties, allow us to manage the most effective way possible to offer advertising spaces in the website , tailoring ad content to the content of the requested service or use they make of our website. So we can analyze your browsing habits on the Internet and we can show you regarding your listing Advertise with navigation .

- Cookies behavioral advertising : are those that enable the management , the most efficient way of advertising spaces , where appropriate , the publisher has included a website , application or platform from providing the requested service. These cookies store information on user behavior obtained through continued observing their browsing habits , allowing develop a specific profile to display ads based on the same .

Third Party Cookies : The Web of can use third-party services on behalf of SMB-FINANCE , compile information for statistical purposes , to use the Site by the user and to the provision of other services relating to website activity and other services Internet .

In particular , this website uses Google Analytics, a web analytics service provided by Google , Inc., registered in the United States with headquarters at 1600 Amphitheatre Parkway, Mountain View, California 94043 . To provide these services, they use cookies to gather information , including the user's IP address , which will be transmitted , processed and stored by Google on the terms set out in the Web . Including the possible transmission of this information to third parties for reasons of legal requirement or where such third parties process the information on Google's behalf .

The user expressly agrees by using this Site , treatment of information collected in the manner and with the above purposes . And know also recognizes the possibility of refusing the processing of such data or information by rejecting the use of cookies by selecting the appropriate settings for such purpose in your browser . While this option of blocking cookies on your browser may not allow the full use of all the functionality of the Website.

Can you allow, block or delete cookies installed on your computer by setting your browser options installed on your computer:

If you have questions about this policy of cookies, please contact