La inversión en Activos Fijos y su incidencia en la rentabilidad de las empresas dedicadas a la fabricación de metales comunes en el Ecuador durante el periodo 2015 2020

Abstract

Abstract: The present investigation analyzes the financial situation of the metalworking companies of Ecuador during the period 2015 -2020, and explains the incidence of investment in fixed assets on profitability. Initially, a vertical analysis, horizontal analysis and the calculation of financial indicators were carried out with information obtained from the Superintendence of Companies, Securities and Insurance of Ecuador; then, a correlation study and a multivariate linear regression were performed through the panel data technique, taking as independent variables the gross investment in property, plant and equipment, the turnover of fixed assets and the indebtedness of fixed assets, and as dependent variables, the ROA, ROE and ROI. It is concluded that the rotation of fixed assets positively influences the ROA, ROE and ROI of the companies in the C24 sub-sector, while the indebtedness of fixed assets negatively affects ROE; being property, plant and gross equipment, the only variable that, although it has a direct correlation like the other variables, it does not statistically explain the profitability of said companies.