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 G4510 y G4520, en el periodo 2020-2024.

Abstract

Abstract: The objective of this research was to analyze the impact of working capital on the profitability of small Ecuadorian enterprises in the wholesale and retail trade sector specifically those involved in the repair of motor vehicles and motorcycles (classified under ISIC codes G4510 and G4520) during the 2020 2024 period. The study employed a quantitative approach with an experimental design, and its scope was both correlational and longitudinal. The results indicate that accounts receivable, accounts payable, inventories, and the cash conversion cycle did not have a statistically significant impact on profitability, as measured by Return on Assets (ROA). Furthermore, working capital exhibited fluctuations, as did the cash conversion cycle, sales growth, and leverage levels. Given that the impact of working capital on profitability was found to be statistically insignificant, it can be concluded that while managing working capital remains essential for maintaining operational continuity financial performance outcomes are more closely linked to operational efficiency, financial structure, and the control of resources.