Análisis de la rentabilidad en las empresas del sector de la construcción mediante el método DuPont. Periodo 2018- 2023

Abstract

Abstract:This work analyzes the financial profitability of the F4210.11 subsector, in Ecuador, corresponding to the construction of infrastructure works for transportation during the period 2018-2023, through a quantitative approach of a non-experimental correlational and descriptive design, the sample included 105 companies that had complete financial information for the years analyzed, with this information a balanced database was structured, the analysis was carried out through the DuPont model, breaking down the profitability (ROE) into net margin, asset turnover and financial leverage, and for the analysis to be more comprehensive and cover macroeconomic indicators, variables such as: Gross Domestic Product (GDP), inflation, interest rate, Gross Value Added (GVA), and Consumer Price Index were included to evaluate their effects on profitability, the results show that the ROE and ROA had their best indicator in 2018, and decreased dramatically in the years of political and health crisis, but this decrease did not It was directly related to the economic cycle, if not to the execution of public spending. Financial leverage and asset turnover were the components that most sustained profitability, and a fragile financial structure dependent on short-term debt was identified. The sector's recovery showed heterogeneity across companies in the secto.