Estrategias de optimización del capital de trabajo y su impacto en la rentabilidad: un estudio comparativo en las empresas MUNDO DEPORTIVO MEDEPORT S.A, INDUSTRIAL ALES CA, BICO INTERNACIONAL S.A

Abstract

Abstract: The relationship between capital management and profitability in three Ecuadorian company cases: BICO Internacional S.A., Industrias Ales C.A., and Mundo Deportivo Medeport S.A. The objective of this study is to compare optimization strategies in the implementation of capital structure and their impact on profitability. This study is conducted through a descriptive and comparative study focused on the company with financial information available from 2019 to 2023, using liquidity, profitability, solvency, and activity indicators. The results show that BICO INTERNACIONAL S.A., despite optimization, did not achieve efficient working capital management, sacrificing the company's liquidity and profitability. In contrast, INDUSTRIAS ALES C.A. saw an improvement in accounts receivable and accounts payable after optimization, reflected in positive ROE results. On the other hand, MEDEPORT S.A. reported increases in its working capital after optimizing its accounts receivable, payable, and inventory. It is concluded that optimal working capital management is essential to maximize profitability and reduce financial risks.