TY  - JOUR
T1  - An Economic Analysis of Floriculture (Rose Flower) System in
Pichincha Province, Ecuador
AU - Elizabeth, Urbano AU - Hugo, Soplin AU - Andrea, Contreras AU - Karol, Benitez Burbano AU - Manjunatha, Bangeppagari AU - Mulla, Sikandar I. AU - Selvanayagam, Mariadoss 
JO  - International Business Management
VL  - 10
IS  - 26
SP  - 6068
EP  - 6074
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.6068.6074
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.6068.6074
KW  - Economic analysis
KW  -economic sustainability
KW  -financial indicators
KW  -capacity
KW  -engaged
AB  - In the sub-basin of the Guayllabamba river, the largest numbers of rose producing farms are
concentrated for export. The analysis was performed by obtaining financial-economic indicators with
information from the annual reports of 58 farms associated to Expoflores from 2005-2013 year, of the
superintendence of companies and technical information of the association. In addition, the categorization was
made to the farms for analysis based on the number of sales. The economic analysis was developed with
profitability, liquidity, solvency and productivity. According to these indicators, it was found that the sector
studied, reported that midsize companies type “B” and large enterprises are stable economically because they
have positive financial and economic profitability (0.293, 0.036 and 0.094, 0.045) in these indicators, it was
observed that in the sector, taxation and overall farm performance are factors that determine the results of
negative returns (ROE = -0.0552 and ROA = -0.050). Overall solvency rate showed that the sector lacks the
ability to pay short-term debts (CR = 2.83), debt ratios explain that more than half of the assets of the companies
which are engaged to the rose plantations are debts (AD = 0.626). Additionally with respect to productivity,
companies are found to be efficient in its production capacity and its average productivity of factors, only in
2008 and 2011 year. Within the sustainability analysis, it was found that the farms are sustainable economically
with a value of 2.65.
ER  -