Working capital and profitability in mining companies in the Latin American Integrated Market
Abstract
To analyze the relationship between working capital and profitability in mining companies listed on the Latin American Integrated Market (MILA) during the period 2012–2023. Methods:
A quantitative, correlational, longitudinal, and non-experimental approach was adopted. Financial data were obtained from Bloomberg and from the stock exchanges of the countries comprising the Latin American Integrated Market, and were processed using SPSS through normality and Pearson correlation tests. Results: It was determined that the management of cash, inventories, and accounts receivable is not significantly related to profitability indicators such as ROA, ROE, and net margin. In contrast, accounts payable turnover shows a strong, positive, and significant relationship with these indicators. Conclusion: In the mining context of the companies in the MILA sample, accounts payable management is significantly associated with profitability, while other components have a weaker relationship.
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