Incidencia del capital de trabajo en la rentabilidad de las pequeñas empresas ecuatorianas del sector agricultura, ganadería, silvicultura y pesca CIIU A012 y A014, en el período 2020 - 2024.

Abstract

Abstract: The aim of this study was to analize the impact of working capital management on the profitability of small Ecuadorian companies in the agriculture, livestock, forestry, and fishing sector (ISIC A012 and A014) during the 2020-2024 period. A quantitative approach, with a non-experimental and longitudinal research design, was employed. Simple and multiple regression ananlyses were used to examine the data. The findings revealed significant variations in working capital, showing both increases and decreases in the availability of current resources. Likewise, the Return on Assets (ROA) exhibited fluctuating behavior, reflecting instability in asset profitability throughout the study period. The results indicate that there is no consistent relationship between liquidity and profitability, suggesting that financial performance does not depend solely on working capital management but is also influenced by external factors and the operational structure of the companies. In addition, variations in leverage levels were observed, highlighting differences in the financial structure among the companies analyzed.