Modelo Explicativo de la Rentabilidad Financiera del sector agroindustrial

María Verónica Castellanos Coral and Karen Melanie Pinela Castro

X-pedientes_Económicos, 2017, vol. 1, issue 1, 6-16

Abstract: The agroindustrial sector is one of the main sources of employment, however, due to the little available information on its profitability, there are no studies that allow to evaluate the yield of the companies belonging to this sector, which causes a difficulty in decision making for both investors and managers. This paper recommends minimum financial profiles that allow the decision makers of this sector to achieve a good financial profitability through the DuPont Model and the CHAID algorithm. The sample consists of 414 companies, which during the period 2014 -2016 exported products from the following subsectors: bananas, shrimp, fish, cocoa and coffee. The variables used for this research are: financial profitability and a set of 30 ratios and financial indicators related to the DuPont Model.The results showed that the return on assets, the debt to equity ratio, the net profit margin, the guarantee ratio, the current liquidity ratio and the interest / sales indicator are the variables which better explain the financial profitability of the companies analyzed. Therefore, in the future, managers and investors will have at their disposal an objective guide for making decisions

Date: 2017
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