{"id":8518,"date":"2014-09-12T16:05:56","date_gmt":"2014-09-12T14:05:56","guid":{"rendered":"https:\/\/valoxy.org\/blog\/?p=8518"},"modified":"2024-09-26T17:04:34","modified_gmt":"2024-09-26T15:04:34","slug":"capacite-d-autofinancement-12092014avalsebhau1","status":"publish","type":"post","link":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/","title":{"rendered":"Qu\u2019est-ce que la Capacit\u00e9 d\u2019autofinancement ?"},"content":{"rendered":"<p>La capacit\u00e9 d\u2019autofinancement &#8211; ou CAF &#8211; pr\u00e9sente la ressource de tr\u00e9sorerie potentielle g\u00e9n\u00e9r\u00e9e par l\u2019activit\u00e9 de l\u2019entreprise durant un exercice. Cette ressource permettra \u00e0 l\u2019entreprise de financer son activit\u00e9 et d\u2019investir, de rembourser ses dettes ou encore de verser des dividendes \u00e0 ses associ\u00e9s.<\/p>\n<p>La capacit\u00e9 d\u2019autofinancement\u00a0est donc un indicateur cl\u00e9, lien <a title=\"Qu\u2019est-ce que le r\u00e9sultat net d\u2019une entreprise\" href=\"https:\/\/valoxy.org\/blog\/resultat-net-d-une-entreprise\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>entre r\u00e9sultat comptable<\/strong><\/a> et <a title=\"Organisation d\u2019entreprise : les 5 basics du suivi de tr\u00e9sorerie ?\" href=\"https:\/\/valoxy.org\/blog\/organisation-dentreprise-les-5-basics-du-suivi-tresorerie\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>tr\u00e9sorerie.<\/strong><\/a> Elle est donc incontournable pour comprendre et analyser la performance \u00e9conomique et financi\u00e8re de l\u2019entreprise.<\/p>\n<p>Dans cet article, Valoxy, cabinet d&rsquo;expertise comptable dans les Hauts de France, pr\u00e9sente cet indicateur cl\u00e9, son mode de calcul et la mani\u00e8re de l\u2019analyser.<\/p>\n<figure id=\"attachment_3364\" aria-describedby=\"caption-attachment-3364\" style=\"width: 187px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-3364\" src=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/05\/cout-de-revient-300x289.png\" alt=\"Capacit\u00e9 d\u2019autofinancement (CAF)\" width=\"187\" height=\"180\" \/><figcaption id=\"caption-attachment-3364\" class=\"wp-caption-text\">Qu\u2019est-ce que la Capacit\u00e9 d\u2019autofinancement ?<\/figcaption><\/figure>\n<h2>Comment calculer la capacit\u00e9 d&rsquo;autofinancement ?<\/h2>\n<h3>Formule de calcul<\/h3>\n<p><code><strong>Capacit\u00e9 d\u2019autofinancement = Produits encaissables \u2013 Charges d\u00e9caissables (hors cessions d\u2019immobilisations)<\/strong><\/code><\/p>\n<p><code><\/code><br \/>\n<div class=\"encadre-style\">Le calcul se r\u00e9alise \u00e0 partir du compte de r\u00e9sultat.<br \/>\nIl consiste ainsi \u00e0 retraiter dans le r\u00e9sultat les charges et produits calcul\u00e9s, c\u2019est \u00e0 dire ceux qui ne se traduisent pas par un encaissement ou un d\u00e9caissement (variation \u00a0de tr\u00e9sorerie), mais juste par une \u00e9criture comptable.<\/div><\/p>\n<p>De plus, parce que la capacit\u00e9 d\u2019autofinancement s\u2019int\u00e9resse \u00e0 l\u2019activit\u00e9 courante de l\u2019entreprise, elle ne prend pas en compte les cessions d\u2019immobilisations qui sont des op\u00e9rations, en principe, exceptionnelles.<\/p>\n<h3><img decoding=\"async\" class=\"alignleft wp-image-6507\" src=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/10\/sarl-ou-sas-241x300.jpg\" alt=\"Capacit\u00e9 d\u2019autofinancement (CAF)\" width=\"163\" height=\"203\" \/>Que sont les produits calcul\u00e9s ?<\/h3>\n<p><span class=\"exergue\">Ce sont les produits qui ne donnent pas lieu \u00e0 un encaissement de tr\u00e9sorerie,<\/span> comme les reprises de provisions, les reprises d\u2019amortissements ou les quotes-parts de subvention d\u2019investissement vir\u00e9es au compte de r\u00e9sultat.<\/p>\n<h3>Que sont les charges calcul\u00e9es ?<\/h3>\n<p><span class=\"exergue\">Ce sont les charges qui ne donnent pas lieu \u00e0 un d\u00e9caissement de tr\u00e9sorerie<\/span>, comme les dotations aux amortissements ou les provisions.<\/p>\n<h3><img decoding=\"async\" class=\"alignright wp-image-6505\" src=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/10\/idees-300x300.jpg\" alt=\"Capacit\u00e9 d\u2019autofinancement (CAF)\" width=\"144\" height=\"144\" \/>Il existe 2 m\u00e9thodes de calcul de la capacit\u00e9 d\u2019autofinancement (CAF) :<\/h3>\n<ul>\n<li><span class=\"exergue\">Une m\u00e9thode \u00ab soustractive \u00bb<\/span> \u00e0 partir de l\u2019exc\u00e9dent brut d\u2019exploitation (EBE),<\/li>\n<li><span class=\"exergue\">Une m\u00e9thode \u00ab additive \u00bb<\/span> \u00e0 partir du r\u00e9sultat net.<\/li>\n<\/ul>\n<h4>Calcul de la CAF \u00e0 partir de l\u2019exc\u00e9dent brut d\u2019exploitation<\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8519\" src=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2014\/09\/caf-1-e1620296217330.png\" alt=\"Capacit\u00e9 d\u2019autofinancement (CAF)\" width=\"572\" height=\"371\" \/><\/p>\n<h4>Calcul de la CAF \u00e0 partir du r\u00e9sultat net<\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8520\" src=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2014\/09\/caf-2-e1620296224432.png\" alt=\"Capacit\u00e9 d\u2019autofinancement (CAF)\" width=\"586\" height=\"186\" srcset=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2014\/09\/caf-2-e1620296224432.png 700w, https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2014\/09\/caf-2-e1620296224432-300x95.png 300w\" sizes=\"(max-width: 586px) 100vw, 586px\" \/><\/p>\n<h2>Comment analyser la CAF ?<\/h2>\n<p>La capacit\u00e9 d\u2019autofinancement pr\u00e9sente la ressource potentielle de tr\u00e9sorerie g\u00e9n\u00e9r\u00e9e par l\u2019activit\u00e9 l\u2019entreprise.<\/p>\n<h3>Pourquoi potentielle ?<\/h3>\n<p><span class=\"exergue\">Une erreur fr\u00e9quente est d\u2019assimiler la capacit\u00e9 d\u2019autofinancement \u00e0 la variation de la tr\u00e9sorerie disponible de l\u2019entreprise.<\/span> Exemple, si ma CAF est de 100, mon solde bancaire doit avoir augment\u00e9 de 100.<br \/>\nCe n\u2019est cependant pas le cas, diff\u00e9rents \u00e9l\u00e9ments venant s\u2019intercaler entre les deux :<\/p>\n<ul>\n<li><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-5220 \" src=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/07\/produits-exceptionnels-300x297.jpg\" alt=\"Capacit\u00e9 d\u2019autofinancement (CAF)\" width=\"131\" height=\"130\" \/><span class=\"exergue\">La variation du<\/span> <a title=\"Qu\u2019est ce que le BFR ? Quels sont ses enjeux ?\" href=\"https:\/\/valoxy.org\/blog\/le-bfr-quels-sont-ses-enjeux\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>besoin en fonds de roulement (BFR)<\/strong><\/a> qui repr\u00e9sente les d\u00e9calages intervenant entre la constatation d\u2019un produit ou d\u2019une charge et leur encaissement ou d\u00e9caissement r\u00e9el. Ces d\u00e9calages sont principalement les d\u00e9lais de r\u00e8glement (clients et fournisseurs) et les stocks.<\/li>\n<li><span class=\"exergue\">Les op\u00e9rations d\u2019investissement<\/span> (achats d\u2019immobilisations) ou de d\u00e9sinvestissement (cessions d\u2019immobilisations).<\/li>\n<li><span class=\"exergue\">Les op\u00e9rations de financement<\/span> : lib\u00e9rations ou remboursements d\u2019emprunts, augmentation de capital, apports ou remboursements de comptes courants d\u2019associ\u00e9s, versement de dividendes.<\/li>\n<\/ul>\n<p>D\u2019o\u00f9 les formules compl\u00e9mentaires suivantes :<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8521\" src=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2014\/09\/caf-3-e1620296231395.png\" alt=\"Capacit\u00e9 d\u2019autofinancement (CAF)\" width=\"539\" height=\"205\" srcset=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2014\/09\/caf-3-e1620296231395.png 700w, https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2014\/09\/caf-3-e1620296231395-300x114.png 300w\" sizes=\"(max-width: 539px) 100vw, 539px\" \/><\/p>\n<h3>Analyse de la Capacit\u00e9 d\u2019Autofinancement<\/h3>\n<p><span class=\"exergue\">Dans la mesure o\u00f9 la CAF permet de rembourser les emprunts, la capacit\u00e9 d\u2019endettement de l\u2019entreprise s\u2019\u00e9l\u00e8ve \u00e0 mesure que la CAF augmente<\/span>.<\/p>\n<div class=\"encadre-style\">Ainsi, le rapport (Dettes financi\u00e8res \/ Capacit\u00e9 d\u2019autofinancement) est-il particuli\u00e8rement important pour les banques.\u00a0Il est d\u2019ailleurs tr\u00e8s souvent employ\u00e9 dans les proc\u00e9dures de \u00ab scoring \u00bb d\u2019entreprise.<\/p>\n<p>Il est d\u2019usage qu\u2019il ne d\u00e9passe pas 3 ou 4.<\/p>\n<p>On peut \u00e9galement pr\u00e9senter ce ratio en inversant les termes : CAF \/ Dettes financi\u00e8res.<\/p>\n<p>D\u2019autre part, le ratio (Capacit\u00e9 d\u2019autofinancement \/ Capitaux propres) est une mesure parmi d\u2019autres de la rentabilit\u00e9 \u00e9conomique.<\/div>\n<p>Pour plus d&rsquo;informations sur la Capacit\u00e9 d&rsquo;autofinancement, retrouvez nos articles sur le blog de Valoxy :<\/p>\n<ul>\n<li><a href=\"https:\/\/valoxy.org\/blog\/flux-de-tresorerie\/\">D\u00e9terminer les flux de tr\u00e9sorerie attendus d&rsquo;un projet<\/a><\/li>\n<li><a href=\"https:\/\/valoxy.org\/blog\/previsionnel-financier-reflechir-construire-presenter-2\/\">Le pr\u00e9visionnel financier : r\u00e9fl\u00e9chir, construire, pr\u00e9senter<\/a><\/li>\n<li><a href=\"https:\/\/valoxy.org\/blog\/le-bfr-quels-sont-ses-enjeux\/\">Qu&rsquo;est ce que le BFR ? Quels sont ses enjeux ?<\/a><\/li>\n<li><a class=\"mkd-pt-link\" href=\"https:\/\/valoxy.org\/blog\/bilan-comptable\/\" target=\"_self\" rel=\"noopener\">Comment lire un bilan comptable en un clin d\u2019\u0153il et 10 informations simples ?<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>La capacit\u00e9 d\u2019autofinancement &#8211; ou CAF &#8211; pr\u00e9sente la ressource de tr\u00e9sorerie potentielle g\u00e9n\u00e9r\u00e9e par l\u2019activit\u00e9 de l\u2019entreprise durant un exercice. Cette ressource permettra \u00e0 l\u2019entreprise de financer son activit\u00e9 et d\u2019investir, de rembourser ses dettes ou encore de verser&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-comptabilite"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>La capacit\u00e9 d\u2019autofinancement (CAF), un indicateur cl\u00e9.<\/title>\n<meta name=\"description\" content=\"La capacit\u00e9 d\u2019autofinancement mesure la tr\u00e9sorerie potentielle qu&#039;une entreprise \u00e0 g\u00e9n\u00e9r\u00e9e pendant un exercice. Cet indicateur identifie le montant que l\u2019entreprise peu allouer pour financer son activit\u00e9, investir, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"La capacit\u00e9 d\u2019autofinancement (CAF), un indicateur cl\u00e9.\" \/>\n<meta property=\"og:description\" content=\"La capacit\u00e9 d\u2019autofinancement mesure la tr\u00e9sorerie potentielle qu&#039;une entreprise \u00e0 g\u00e9n\u00e9r\u00e9e pendant un exercice. Cet indicateur identifie le montant que l\u2019entreprise peu allouer pour financer son activit\u00e9, investir, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog Valoxy - Expertise comptable\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Valoxy\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-12T14:05:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-26T15:04:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1010\" \/>\n\t<meta property=\"og:image:height\" content=\"841\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Expert-comptable Valoxy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Expert-comptable Valoxy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/\"},\"author\":{\"name\":\"Expert-comptable Valoxy\",\"@id\":\"https:\/\/valoxy.org\/blog\/#\/schema\/person\/d285f250195f45509ceac046366fcc4a\"},\"headline\":\"Qu\u2019est-ce que la Capacit\u00e9 d\u2019autofinancement ?\",\"datePublished\":\"2014-09-12T14:05:56+00:00\",\"dateModified\":\"2024-09-26T15:04:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/\"},\"wordCount\":712,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/valoxy.org\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg\",\"articleSection\":[\"Comptabilit\u00e9\"],\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/\",\"url\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/\",\"name\":\"La capacit\u00e9 d\u2019autofinancement (CAF), un indicateur cl\u00e9.\",\"isPartOf\":{\"@id\":\"https:\/\/valoxy.org\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg\",\"datePublished\":\"2014-09-12T14:05:56+00:00\",\"dateModified\":\"2024-09-26T15:04:34+00:00\",\"description\":\"La capacit\u00e9 d\u2019autofinancement mesure la tr\u00e9sorerie potentielle qu'une entreprise \u00e0 g\u00e9n\u00e9r\u00e9e pendant un exercice. Cet indicateur identifie le montant que l\u2019entreprise peu allouer pour financer son activit\u00e9, investir, ...\",\"breadcrumb\":{\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#primaryimage\",\"url\":\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg\",\"contentUrl\":\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg\",\"width\":1010,\"height\":841,\"caption\":\"Cochon rose repr\u00e9sentant les paiements du RSI\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/valoxy.org\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Qu\u2019est-ce que la Capacit\u00e9 d\u2019autofinancement ?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/valoxy.org\/blog\/#website\",\"url\":\"https:\/\/valoxy.org\/blog\/\",\"name\":\"Blog Valoxy\",\"description\":\"Le Blog Valoxy, ce sont plus de 1500 articles sur toute l&#039;actualit\u00e9 comptable, juridique, fiscale, et la gestion d&#039;entreprise\",\"publisher\":{\"@id\":\"https:\/\/valoxy.org\/blog\/#organization\"},\"alternateName\":\"Le Blog Valoxy, ce sont plus de 1500 articles sur toute l&#039;actualit\u00e9 comptable, juridique, fiscale, et la gestion d&#039;entreprise\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/valoxy.org\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/valoxy.org\/blog\/#organization\",\"name\":\"Blog Valoxy\",\"url\":\"https:\/\/valoxy.org\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/valoxy.org\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2024\/05\/cropped-blog-valoxy-logo-300x118-2.png\",\"contentUrl\":\"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2024\/05\/cropped-blog-valoxy-logo-300x118-2.png\",\"width\":266,\"height\":100,\"caption\":\"Blog Valoxy\"},\"image\":{\"@id\":\"https:\/\/valoxy.org\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Valoxy\",\"https:\/\/www.linkedin.com\/company\/valoxy\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/valoxy.org\/blog\/#\/schema\/person\/d285f250195f45509ceac046366fcc4a\",\"name\":\"Expert-comptable Valoxy\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/valoxy.org\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5e8d0ed8d4c117e5d77ddb78bbcab5f6b5841424c6b20eeaafcfd8741ef2aa2c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5e8d0ed8d4c117e5d77ddb78bbcab5f6b5841424c6b20eeaafcfd8741ef2aa2c?s=96&d=mm&r=g\",\"caption\":\"Expert-comptable Valoxy\"},\"sameAs\":[\"https:\/\/valoxy.org\/blog\"],\"url\":\"https:\/\/valoxy.org\/blog\/author\/ceo-valoxy\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"La capacit\u00e9 d\u2019autofinancement (CAF), un indicateur cl\u00e9.","description":"La capacit\u00e9 d\u2019autofinancement mesure la tr\u00e9sorerie potentielle qu'une entreprise \u00e0 g\u00e9n\u00e9r\u00e9e pendant un exercice. Cet indicateur identifie le montant que l\u2019entreprise peu allouer pour financer son activit\u00e9, investir, ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/","og_locale":"fr_FR","og_type":"article","og_title":"La capacit\u00e9 d\u2019autofinancement (CAF), un indicateur cl\u00e9.","og_description":"La capacit\u00e9 d\u2019autofinancement mesure la tr\u00e9sorerie potentielle qu'une entreprise \u00e0 g\u00e9n\u00e9r\u00e9e pendant un exercice. Cet indicateur identifie le montant que l\u2019entreprise peu allouer pour financer son activit\u00e9, investir, ...","og_url":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/","og_site_name":"Blog Valoxy - Expertise comptable","article_publisher":"https:\/\/www.facebook.com\/Valoxy","article_published_time":"2014-09-12T14:05:56+00:00","article_modified_time":"2024-09-26T15:04:34+00:00","og_image":[{"width":1010,"height":841,"url":"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg","type":"image\/jpeg"}],"author":"Expert-comptable Valoxy","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Expert-comptable Valoxy","Dur\u00e9e de lecture estim\u00e9e":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#article","isPartOf":{"@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/"},"author":{"name":"Expert-comptable Valoxy","@id":"https:\/\/valoxy.org\/blog\/#\/schema\/person\/d285f250195f45509ceac046366fcc4a"},"headline":"Qu\u2019est-ce que la Capacit\u00e9 d\u2019autofinancement ?","datePublished":"2014-09-12T14:05:56+00:00","dateModified":"2024-09-26T15:04:34+00:00","mainEntityOfPage":{"@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/"},"wordCount":712,"commentCount":0,"publisher":{"@id":"https:\/\/valoxy.org\/blog\/#organization"},"image":{"@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#primaryimage"},"thumbnailUrl":"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg","articleSection":["Comptabilit\u00e9"],"inLanguage":"fr-FR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/","url":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/","name":"La capacit\u00e9 d\u2019autofinancement (CAF), un indicateur cl\u00e9.","isPartOf":{"@id":"https:\/\/valoxy.org\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#primaryimage"},"image":{"@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#primaryimage"},"thumbnailUrl":"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg","datePublished":"2014-09-12T14:05:56+00:00","dateModified":"2024-09-26T15:04:34+00:00","description":"La capacit\u00e9 d\u2019autofinancement mesure la tr\u00e9sorerie potentielle qu'une entreprise \u00e0 g\u00e9n\u00e9r\u00e9e pendant un exercice. Cet indicateur identifie le montant que l\u2019entreprise peu allouer pour financer son activit\u00e9, investir, ...","breadcrumb":{"@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#primaryimage","url":"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg","contentUrl":"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2013\/12\/tirelire-1.jpg","width":1010,"height":841,"caption":"Cochon rose repr\u00e9sentant les paiements du RSI"},{"@type":"BreadcrumbList","@id":"https:\/\/valoxy.org\/blog\/capacite-d-autofinancement-12092014avalsebhau1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/valoxy.org\/blog\/"},{"@type":"ListItem","position":2,"name":"Qu\u2019est-ce que la Capacit\u00e9 d\u2019autofinancement ?"}]},{"@type":"WebSite","@id":"https:\/\/valoxy.org\/blog\/#website","url":"https:\/\/valoxy.org\/blog\/","name":"Blog Valoxy","description":"Le Blog Valoxy, ce sont plus de 1500 articles sur toute l&#039;actualit\u00e9 comptable, juridique, fiscale, et la gestion d&#039;entreprise","publisher":{"@id":"https:\/\/valoxy.org\/blog\/#organization"},"alternateName":"Le Blog Valoxy, ce sont plus de 1500 articles sur toute l&#039;actualit\u00e9 comptable, juridique, fiscale, et la gestion d&#039;entreprise","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/valoxy.org\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/valoxy.org\/blog\/#organization","name":"Blog Valoxy","url":"https:\/\/valoxy.org\/blog\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/valoxy.org\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2024\/05\/cropped-blog-valoxy-logo-300x118-2.png","contentUrl":"https:\/\/valoxy.org\/blog\/wp-content\/uploads\/2024\/05\/cropped-blog-valoxy-logo-300x118-2.png","width":266,"height":100,"caption":"Blog Valoxy"},"image":{"@id":"https:\/\/valoxy.org\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Valoxy","https:\/\/www.linkedin.com\/company\/valoxy"]},{"@type":"Person","@id":"https:\/\/valoxy.org\/blog\/#\/schema\/person\/d285f250195f45509ceac046366fcc4a","name":"Expert-comptable Valoxy","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/valoxy.org\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5e8d0ed8d4c117e5d77ddb78bbcab5f6b5841424c6b20eeaafcfd8741ef2aa2c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5e8d0ed8d4c117e5d77ddb78bbcab5f6b5841424c6b20eeaafcfd8741ef2aa2c?s=96&d=mm&r=g","caption":"Expert-comptable Valoxy"},"sameAs":["https:\/\/valoxy.org\/blog"],"url":"https:\/\/valoxy.org\/blog\/author\/ceo-valoxy\/"}]}},"_links":{"self":[{"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/posts\/8518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/comments?post=8518"}],"version-history":[{"count":4,"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/posts\/8518\/revisions"}],"predecessor-version":[{"id":70188,"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/posts\/8518\/revisions\/70188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/media\/6799"}],"wp:attachment":[{"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/media?parent=8518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/categories?post=8518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/valoxy.org\/blog\/wp-json\/wp\/v2\/tags?post=8518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}