Relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange, 2010-2015
The objective of this research is to determine the relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange during the periods 2010 to 2015. The study is of a correlational type, obeying a design non-experimental, transverse and retrospective....
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| Publicado en: | Revista de Investigación Valor Contable |
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| Autor principal: | |
| Formato: | Artículo de revista |
| Lenguaje: | español |
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Universidad Peruana Unión
2020
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| _version_ | 1881695146582474752 |
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| author | Tizón Humayasi, Pamela Teresa |
| author_browse | Tizón Humayasi, Pamela Teresa |
| author_facet | Tizón Humayasi, Pamela Teresa |
| author_sort | Tizón Humayasi, Pamela Teresa |
| collection | Revistas |
| container_title | Revista de Investigación Valor Contable |
| description | The objective of this research is to determine the relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange during the periods 2010 to 2015. The study is of a correlational type, obeying a design non-experimental, transverse and retrospective. We compiled information on the sequential financial statements reported in the study years. Pearson’s coefficient was used for data analysis. The results show that three working capital indicators have a significantly negative inverse relation with the profitability indicators, except for days of accounts payable and gross operating result; ie these indicators have no significant relationship. Explaining that by reducing inventory days, accounts receivable days, accounts payable days and cash conversión cycles, industrial companies invest less working capital and improve their asset return and gross operating result; except for the days of accounts payable that do not have a significant inverse relationship to the gross operating result. |
| format | Online |
| id | oai:rivc.upeu.edu.pe:article/1243 |
| institution | UPeU |
| issn | 2413-5860 2410-1052 |
| language | Spanish |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | Universidad Peruana Unión |
| publisherStr | Universidad Peruana Unión |
| record_format | ojs |
| revista_str_mv | Revista de Investigación Valor Contable |
| spelling | oai:rivc.upeu.edu.pe:article/12432020-11-30T15:32:34Z Relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange, 2010-2015 Relación entre capital de trabajo y rentabilidad de las empresas industriales que cotizan en la Bolsa de Valores de Lima, 2010-2015 Tizón Humayasi, Pamela Teresa Días de inventario, días de cuentas por cobrar, días de cuentas por pagar, ciclo de conversión de efectivo, rentabilidad de activos, resultado bruto de explotación Inventory days, accounts receivable days, accounts payable days, cash conversion cycle, asset return, gross operating result. The objective of this research is to determine the relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange during the periods 2010 to 2015. The study is of a correlational type, obeying a design non-experimental, transverse and retrospective. We compiled information on the sequential financial statements reported in the study years. Pearson’s coefficient was used for data analysis. The results show that three working capital indicators have a significantly negative inverse relation with the profitability indicators, except for days of accounts payable and gross operating result; ie these indicators have no significant relationship. Explaining that by reducing inventory days, accounts receivable days, accounts payable days and cash conversión cycles, industrial companies invest less working capital and improve their asset return and gross operating result; except for the days of accounts payable that do not have a significant inverse relationship to the gross operating result. El objetivo del presente trabajo de investigación es determinar la relación que existe entre capital de trabajo y rentabilidad de las empresas industriales que cotizan en la Bolsa de Valores de Lima durante los periodos 2010 al 2015. El estudio es de tipo correlacional, obedece a un diseño no experimental, transversal y retrospectivo. Se recopiló información de los estados financieros secuenciales declarados en los años de estudio. Para el análisis de datos se utilizó el coeficiente de Pearson. Los resultados muestran que tres indicadores de capital de trabajo tienen una relación inversa significativamente negativa con los indicadores de rentabilidad, excepto con días de cuentas por pagar y resultado bruto de explotación; es decir estos indicadores no tienen relación significativa. Esto explica que al reducir los días de inventario, días de cuentas por cobrar, días de cuentas por pagar y ciclo de conversión de efectivo, las empresas industriales invierten menos capital de trabajo y mejoran su rentabilidad de activos y resultado bruto de explotación; a excepción los días de cuentas por pagar que no guardan una relación inversa significativa con el resultado bruto de explotación. Universidad Peruana Unión 2020-03-03 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo revisado por pares application/pdf text/html https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1243 10.17162/rivc.v4i1.1243 Revista de Investigación Valor Contable; Vol. 4 Núm. 1 (2017): Revista Científica Valor Contable; 95 - 108 2413-5860 2410-1052 spa https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1243/1587 https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1243/1724 Derechos de autor 2020 Revista de Investigación Valor Contable |
| spellingShingle | Días de inventario, días de cuentas por cobrar, días de cuentas por pagar, ciclo de conversión de efectivo, rentabilidad de activos, resultado bruto de explotación Inventory days, accounts receivable days, accounts payable days, cash conversion cycle, asset return, gross operating result. Tizón Humayasi, Pamela Teresa Relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange, 2010-2015 |
| title | Relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange, 2010-2015 |
| title_alt | Relación entre capital de trabajo y rentabilidad de las empresas industriales que cotizan en la Bolsa de Valores de Lima, 2010-2015 |
| title_full | Relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange, 2010-2015 |
| title_fullStr | Relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange, 2010-2015 |
| title_full_unstemmed | Relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange, 2010-2015 |
| title_short | Relationship between working capital and profitability of industrial companies listed on the Lima Stock Exchange, 2010-2015 |
| title_sort | relationship between working capital and profitability of industrial companies listed on the lima stock exchange 2010 2015 |
| topic | Días de inventario, días de cuentas por cobrar, días de cuentas por pagar, ciclo de conversión de efectivo, rentabilidad de activos, resultado bruto de explotación Inventory days, accounts receivable days, accounts payable days, cash conversion cycle, asset return, gross operating result. |
| topic_facet | Días de inventario, días de cuentas por cobrar, días de cuentas por pagar, ciclo de conversión de efectivo, rentabilidad de activos, resultado bruto de explotación Inventory days, accounts receivable days, accounts payable days, cash conversion cycle, asset return, gross operating result. |
| url | https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1243 |
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