La gestión financiera de corto plazo y el efecto en la rentabilidad de las empresas ecuatorianas del sector I actividades de alojamiento y servicios de comidas en el período 2012-2016

Abstract

Abstract:This research focuses on the relationship between the Working Capital Management and the Business Profitability on the Accommodation and Food Service organizations in Ecuador, these are segmented in the "I" category of the Superintendencia de Compañías, Valores y Seguros (SCVS). This investigation gets its information from the databases published by the portal of the mentioned organism in the period of 2012- 2016 of 400 companies. The relation between the management of the working capital and the profitability was assessed considering, variables of analysis such as: Half inventory periods, accounts receivable, the average period of payment and the cash conversion cycle. As a result of the research, it was demonstrated that the variations in the cash conversion cycle of companies whose economic activity is focused on the accommodation and service of meals has influence on the margin and; the operational and financial profitability of the organizations, since they have a negative and little significant relationship between them considering the constraints obtained; On the other hand, variations concerning the accounts receivable period, inventory period and accounts payable period did not have conclusive and significant results.