Incidencia del capital de trabajo en la rentabilidad de las pequeñas empresas ecuatorianas del sector comercio al por mayor y al por menor reparación de vehículos automotores y motocicletas CIIU G4669, en el periodo 2020 - 2024

Abstract

Abstract: The objectives of this research are to analyze the impact of working capital on the profitability of small Ecuadorian enterprises in the wholesale and retail trade of motor vehicles and motorcycles ISIC G4669 for the period 2020-2024. This research was undertaken to analyze the influence of current asset management on the financial performance of organizations, recognizing the strategic importance of this sector within the Ecuadorian economy. A quantitative methodology was employed, incorporating a descriptive and correlational scope under a non-experimental longitudinal design. Financial data were obtained from the Superintendency of Companies, Securities, and Insurance of Ecuador, using a sample of 127 small enterprises with complete financial records for the entire period analyzed. Indicators related to working capital, such as inventories, liquidity, and accounts receivable and payable, were evaluated, as well as the profitability indicators ROA, ROE, and ROS. The results showed that the cash conversion cycle has a negative and significant impact on ROA (p= 0.0239) with a moderate effect. The model explained 29.1 per cent of the variation in profitability.