Gestión del capital de trabajo y el desempeño financiero en las compañías transportistas de la provincia de Zamora Chinchipe, periodo 2019-2021
Working capital management is a determining factor in financial performance, since the effective management of each of its components depends on the generation of resources that allow each of the productive and administrative activities to remain operational. Therefore, the objective of this study w...
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| Формат: | masterThesis |
| Мова: | spa |
| Опубліковано: |
2023
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| Предмети: | |
| Онлайн доступ: | https://dspace.unl.edu.ec/jspui/handle/123456789/28357 |
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Додати тег | Резюме: | Working capital management is a determining factor in financial performance, since the effective management of each of its components depends on the generation of resources that allow each of the productive and administrative activities to remain operational. Therefore, the objective of this study was to analyze the relationship between working capital management and financial performance of transportation companies in the province of Zamora Chinchipe. The study included 188 transportation companies, from which financial information reported to the Superintendence of Companies, Securities and Insurance for the period 2019-2021 was obtained. The main results show the importance of working capital management, where the right decisions increase the company's capacity to generate more income, while keeping items too low hinders the normal development of operations and decreases its performance. In the case of the transportation companies under study, the analysis of working capital evidenced liquidity problems reflected in a current ratio lower than one, due to maintaining a negative TC. This situation in turn affected the financial performance, which shows a downward trend that, if maintained over time, runs the risk of generating losses. Regarding the third objective, the working capital management and financial performance analysis guide was designed with the purpose of creating awareness of the need to manage the capital that maintains the daily operations, in order to strengthen the economic activity of the companies. Finally, it is concluded that by optimizing the resources allocated to current assets and liabilities, profitability is increased and, therefore, better financial performance is obtained. |
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