Abstract

VAZQUEZ CARRAZANA, Xiomara Esther; RECH, Ilirio José; MIRANDA, Gilberto José  and  TAVARES, Marcelo. Convergences between profitability and liquidity in the agribusiness sector. Cuad. Contab. [online]. 2017, vol.18, n.45, pp.152-165. ISSN 0123-1472.  https://doi.org/10.11144/javeriana.cc18-45.crls.

In many cases, the profitability and liquidity indicators have been evaluated as per a relationship of rivalry. However, a thorough analysis of the interaction of these variables suggests for both coexistence and not opposition –which, in itself, is problematic term that will be subject to evaluation in the present article–. This article aims to assess the relationship between profitability and liquidity in agribusiness companies. The analysis developed shows characteristics of a quantitative descriptive study; makes use of analysis of correlation and segregation methods; corresponds to a sample of 20 companies from the Brazilian agribusiness sector listed in the Economática database; and pertains to the period between 2005 and 2015. This study made possible to observe that the correlation between profitability and liquidity, within the defined framework, was positive and significant. On the other hand, the results of the Mann-Whitney test suggest that the composition and rotation of fixed assets are variables that differentiate the behavior of companies of this type. In short, they can be determining factors when addressing the coexistence of profitability and liquidity in the agribusiness sector.

Keywords : Profitability and liquidity; profitability of agribusiness; composition of assets in agribusiness.

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