Financial Analysis Of Snack Producing And Marketing Companies In Ecuador

Abstract

The snack production and marketing sector is an important source of income and foreign exchange for the food and beverage industry worldwide. Although the pandemic has affected this sector as well as other businesses, the consumption of snacks and soft drinks has increased in households due to their price and ease of purchase. In Ecuador, this sector contributes to the economy through the generation of employment, the payment of taxes and the opening of international markets. Therefore, this article analyzes the financial health of the production and marketing sector of finite populations 285 companies in the sector are determined to compile and analyze the indicators available on the website of the Superintendence of Companies, Securities and Insurance of Ecuador. Pearson correlation and principal component analysis are used. The results show that the sector is correlated between liquidity and debt, as well as between liquidity and management, but there is no relationship between liquidity and profitability. Finally, a financial model is designed for the sector, consisting of three components that represent 62.64% of the total variance explained.