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Financial analysis of liquidity and its relationship with the profitability of the textile company Creditex
Author(s)
Villanueva-Batallanos, Marilyn
Universidad del Mar
Gómez-Cáceres, Felipe Yony
Jorge Basadre Grohmann National University
Espinoza-Casco, Roque Juan
Universidad César Vallejo
Zárate-Suárez, Julio Samuel
Universidad César Vallejo
Date Issued
10 de octubre de 2023
Type
Article
Publisher
Editorial Salud, Ciencia y Tecnologia
Volume
2
Series/Report No.
Salud Ciencia y Tecnología - Serie de Conferencias
Contained in
Salud, Ciencia y Tecnologia - Serie de Conferencias
ISSN
2953-4860
Abstract
The objective of the research article was to determine the relationship between liquidity and profitability of the textile company Creditex. The present research was based on a quantitative, retrospective, non-experimental, cross-sectional approach. The population equal to the sample was constituted by the financial statements of the textile company Creditex included in an inquiry period of 6 years (2015, 2016, 2017, 2018, 2019, 2020) obtained through reports published by the stock market superintendence (SMV). It was evidenced that there is no significant relationship between the liquidity and profitability variables through the analysis of their dimensions current liquidity and economic and financial profitability (Sig= 0,260 and 00,734 respectively) and absolute liquidity with economic and financial profitability (Sig= 0,356 and 0,384 respectively). these results supported the null hypothesis of study in terms of the two dimensions evaluated by variable (current liquidity, absolute liquidity, economic profitability and financial profitability). However, it is recommended that in future research correlations be made between other dimensions related to the study variable such as the acid ratio, liquidity ratio and profitability on sales, these being subscales of the study variables, offering a more radial analysis of the same.