Financial ratios with fuzzy logic approach. New estimation perspective

Abstract

The industrial sector of Cuenca represents an icon of development and progress of this city. The problem of studying this sector is that it calculates traditional financial ratios exposed to volatile contexts with high uncertainty. The aim of this research is to estimate financial ratios with fuzzy logic approach in industrial companies of Cuenca city, Ecuador, due to the great importance of estimating these ratios to determine the financial health of these organizations. The research is descriptive, with a quantitative approach, using the development of expert and counter-expertise techniques, applying a form of calculation through Triangular Fuzzy Numbers (TFNs), and confidence intervals, instruments of fuzzy logic. The results obtained at 80% and 90% of the degree of presumption, are equivalent to the bands [1,488, 1,506] and [1,494, 1,503] respectively, corresponding to the liquid ratio; in a similar way the other working capital ratios are presented in the study. This new estimate will allow directors and managers to make more accurate decisions for the benefit of their companies, overcoming traditional barriers to be framed in the objectivity and reality of the current market.

Identify Financial Ratios to Measure The Company's Financial Performance

“…According to (Campbell, 2021), the average Debt to Total Asset Ratio (DAR) is 50%. The results of this study align with research (Altamirano, 2022) where the DAR value is good because the Company can cover all its obligations.…”

Impacto de la información financiera en la consecución del desarrollo empresarial en Colombia

“…El restante 34%, utiliza distintos bases de datos para gestionar la información de facturación de las ventas, administración de los costos, registro de los gastos de personal, impuestos, existencias, otros activos y control de la tesorería, en línea con Schönfeld (2020). Estos registros contables se utilizan principalmente para soportar las declaraciones tributarias y las informaciones a entes de control, desconociendo las posibilidades de aportar a la rentabilidad, algo contrario a lo hallado por Luna et al (2022).…”

Análisis Financiero

“…Se tienen que desarrollar las herramientas del expertizaje y contraexpertizaje, con el propósito de ir disminuyendo o achicando la banda; es decir, el intervalo de confianza conformado por los dos extremos (13.15453, 14.24825). Cada vez que se realiza el contraexpertizaje, esta banda se reduce hasta que el valor central se aproxime al valor derecho de la banda, su representación es de un triángulo escaleno y no un triángulo equilátero (Luna Altamirano et al, 2022).…”