Working capital management as a financial strategy for business development
The objective of this article is to analyze the management of working capital as a financial strategy for business development, based on a literature review on the theory of working capital. The purpose of working capital is to ensure that companies have an adequate cash flow to perform regular oper...
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| Publicado en: | Revista de Investigación Valor Contable |
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| Autores principales: | , |
| Formato: | Artículo de revista |
| Lenguaje: | español |
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Universidad Peruana Unión
2020
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| _version_ | 1881695148123881472 |
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| author | Arreiza Pusma, Elvira Gavidia Mamani, Judith Nelida |
| author_browse | Arreiza Pusma, Elvira Gavidia Mamani, Judith Nelida |
| author_facet | Arreiza Pusma, Elvira Gavidia Mamani, Judith Nelida |
| author_sort | Arreiza Pusma, Elvira |
| collection | Revistas |
| container_title | Revista de Investigación Valor Contable |
| description | The objective of this article is to analyze the management of working capital as a financial strategy for business development, based on a literature review on the theory of working capital. The purpose of working capital is to ensure that companies have an adequate cash flow to perform regular operations and thus reduce the possibility of not being able to meet liabilities or short-term obligations. In that sense, working capital helps maintain the liquidity, solvency, survival, and profitability of most companies. It is concluded that for this they must estimate that by collecting the pending accounts in the shortest possible time, which is equivalent to the average time required to convert accounts receivable into cash, the rotation of inventory to the greater number of times, that is to say, the average time that is required to convert the raw material in finished product ready for its distribution and later sale and paying the pending accounts (purchase of raw material, labor, etc.) as late as possible as long as that does not mean paying commissions. All this is constituted as a financial strategy for business development that allows having a positive working capital because every business must reach a state wherein its income exceeds its expenditures. In this sense, this financial strategy entails the effective management of each element of current assets and liabilities through planning, execution, and control. Consequently, the company maximizes its profitability, taking risks into account. |
| format | Online |
| id | oai:rivc.upeu.edu.pe:article/1259 |
| 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/12592020-11-30T15:16:06Z Working capital management as a financial strategy for business development Gestión del capital de trabajo como estrategia financiera para el desarrollo empresarial Arreiza Pusma, Elvira Gavidia Mamani, Judith Nelida Capital de trabajo, activo corriente, pasivo corriente, ciclo de conversión de efectivo, estrategia financiera, gestión Working capital, current asset, passive current, cash conversion cycle, financial strategy, management The objective of this article is to analyze the management of working capital as a financial strategy for business development, based on a literature review on the theory of working capital. The purpose of working capital is to ensure that companies have an adequate cash flow to perform regular operations and thus reduce the possibility of not being able to meet liabilities or short-term obligations. In that sense, working capital helps maintain the liquidity, solvency, survival, and profitability of most companies. It is concluded that for this they must estimate that by collecting the pending accounts in the shortest possible time, which is equivalent to the average time required to convert accounts receivable into cash, the rotation of inventory to the greater number of times, that is to say, the average time that is required to convert the raw material in finished product ready for its distribution and later sale and paying the pending accounts (purchase of raw material, labor, etc.) as late as possible as long as that does not mean paying commissions. All this is constituted as a financial strategy for business development that allows having a positive working capital because every business must reach a state wherein its income exceeds its expenditures. In this sense, this financial strategy entails the effective management of each element of current assets and liabilities through planning, execution, and control. Consequently, the company maximizes its profitability, taking risks into account. El presente artículo tiene por objetivo analizar la gestión del capital de trabajo como estrategia financiera para el desarrollo empresarial, desde una revisión bibliográfica, apoyándose en la teoría de capital de trabajo. La finalidad del capital de trabajo es garantizar que las empresas tengan un flujo de caja adecuado para ejecutar operaciones regulares y así reducir la posibilidad de no poder cumplir con los pasivos u obligaciones a corto plazo. En ese sentido, el capital de trabajo ayuda a mantener la liquidez, la solvencia, la supervivencia y la rentabilidad de la mayoría de las empresas. Por tanto, deben estimar que, mediante la cobranza de las cuentas pendientes en el menor tiempo posible, que equivale al tiempo promedio que se requiere para convertir en efectivo las cuentas por cobrar; la rotación de inventario al mayor número de veces, es decir, el tiempo promedio que se requiere para convertir la materia prima en producto terminado listo para su distribución y posterior venta y pagando las cuentas pendientes (compra de materia prima, mano de obra, etc.) lo más tarde posible siempre y cuando eso no suponga pagar comisiones. Todo ello se constituye como estrategia financiera para el desarrollo empresarial que permite tener un capital de trabajo positivo; pues todo negocio debe lograr que sus ingresos superen a sus egresos. En ese sentido, esta estrategia financiera conlleva una gestión efectiva de cada elemento del activo y pasivo corriente, mediante la planeación, ejecución y control. En consecuencia, la empresa maximice su rentabilidad, teniendo en cuenta los riesgos. 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/1259 10.17162/rivc.v6i1.1259 Revista de Investigación Valor Contable; Vol. 6 Núm. 1 (2019): Revista Científica Valor Contable; 65 - 77 2413-5860 2410-1052 spa https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1259/1603 https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1259/1714 Derechos de autor 2020 Revista de Investigación Valor Contable |
| spellingShingle | Capital de trabajo, activo corriente, pasivo corriente, ciclo de conversión de efectivo, estrategia financiera, gestión Working capital, current asset, passive current, cash conversion cycle, financial strategy, management Arreiza Pusma, Elvira Gavidia Mamani, Judith Nelida Working capital management as a financial strategy for business development |
| title | Working capital management as a financial strategy for business development |
| title_alt | Gestión del capital de trabajo como estrategia financiera para el desarrollo empresarial |
| title_full | Working capital management as a financial strategy for business development |
| title_fullStr | Working capital management as a financial strategy for business development |
| title_full_unstemmed | Working capital management as a financial strategy for business development |
| title_short | Working capital management as a financial strategy for business development |
| title_sort | working capital management as a financial strategy for business development |
| topic | Capital de trabajo, activo corriente, pasivo corriente, ciclo de conversión de efectivo, estrategia financiera, gestión Working capital, current asset, passive current, cash conversion cycle, financial strategy, management |
| topic_facet | Capital de trabajo, activo corriente, pasivo corriente, ciclo de conversión de efectivo, estrategia financiera, gestión Working capital, current asset, passive current, cash conversion cycle, financial strategy, management |
| url | https://rivc.upeu.edu.pe/index.php/ri_vc/article/view/1259 |
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