Importancia de la administración eficiente del capital de trabajo en las Pymes

Abstract

This paper aims to analyze the importance of an efficient administration of working capital, as a strategy to achieve the operation of SMEs and their permanence in time. Working capital is the minimum cash that every company needs to execute its operating activities normally. Proper management of the asset enables to have the necessary liquidity to cover short-term obligations, as a result of the efficient application of the cash conversion cycle. For this, a methodology of documentary analysis was applied taking as reference secondary research sources, such as books and scientific papers. Based on the above, the theoretical foundations of working capital, their methods of calculation and a review of research on the management of working capital in Latin American SMEs were analyzed. As a result, it was determined that working capital is a financial tool that every manager must pay attention and spend time, because it determines the survival of a company in the early years of its existence. On the other hand, there are some calculation methods to estimate working capital, each has its essential characteristics and its application depends on the activity to which the organization is committed.

Keywords

• efficient management
• working capital
• SMEs