PENGARUH PERPUTARAN MODAL KERJA, PERPUTARAN PERSEDIAAN DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS
Main Article Content
Abstract
The phenomenon of declining profitability of manufacturing companies from 2018-2020 causes investors to need to know the company's activities through the working capital turnover ratio, inventory turnover, accounts receivable turnover. Therefore, this study aims to determine the effect of working capital turnover, inventory turnover, accounts receivable turnover on profitability in manufacturing companies listed on the Indonesia Stock Exchange in 2018-2020. The method applied to process research data is a quantitative-descriptive method with data from the financial statements of the manufacturing sector from 2018-2020. From the results of multiple regression analysis using SPSS 25.0, it is known that working capital turnover has a significant negative effect on profitability. Meanwhile, inventory turnover has no significant negative effect on profitability. Accounts Receivable Turnover has no significant positive effect on profitability.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Tias, U. P. N., Purwanti, A., & Surtikanti, S. (2020). Pengaruh Likuiditas (Quick Ratio) Dan Perputaran Modal Kerja Terhadap Return On Asset (Studi Kasus pada Perusahaan Sub Sektor Logam yang Terdaftar di Bursa Efek Indonesia Periode 2011-2015). Responsive: Jurnal Pemikiran Dan Penelitian Administrasi, Sosial, Humaniora Dan Kebijakan Publik, 3(1), 1-17.
Brigham, E., & Houston, J. (2018). Fundamentals of Financial Management, Concise Eight Edition. Mason: South-Western Cengange Learning.
Ares, L. R., López, S. F., & Pazos, D. R. (2021). Impact of working capital management on profitability for Spanish fish canning companies. Marine Policy, 130, 104583.
Anton, S. G., & Nucu, A. E. A. (2020). The impact of working capital management on firm profitability: Empirical evidence from the Polish listed firms. Journal of risk and financial management, 14(1), 9.
Anggarsari, L., & Aji, T. S. (2018). Pengaruh ukuran perusahaan, leverage, likuiditas, perputaran modal kerja dan pertumbuhan penjualan terhadap profitabilitas (sektor industri barang dan konsumsi yang terdaftar di bursa efek indonesia periode 2013-2016). Jurnal Ilmu Manajemen (JIM), 6(4), 542-549.
Rahman, K. I., Mangantar, M., & Untu, V. N. (2021). Pengaruh Perputaran Kas, Perputaran Piutang Dan Perputaran Persediaan Terhadap Profitabilitas Pada Perusahaan Sektor Industri Barang Konsumsi Periode 2015-2019. Jurnal Emba: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 9(4), 32-42.
Setiawan, A., & Hakim, M. Z. (2021). Pengaruh Perputaran Kas, Perputaran Piutang Dan Perputaran Persediaan Terhadap Profitabilitas Perusahaan (Studi empiris pada Perusahaan Industri Barang Konsumsi yang terdaftar di Bursa Efek Indonesia periode tahun 2018-2020). In Seminar Nasional Akuntansi dan Manajemen PNJ (Vol. 2).
Susila, G. P. A. J. (2020). Dampak Tingkat Perputaran Kas, Perputaran Piutang dan Jumlah Nasabah Kredit terhadap Profitabilitas. JIA (Jurnal Ilmiah Akuntansi), 5(2), 308-324.
Jogiyanto, H. (2017). Teori portofolio dan analisis investasi edisi kesebelas. Yogyakarta: BPFE.
Kasmir. (2019). Analisis Laporan Keuangan Edisi 21. Jakarta: PT Rajagrafindo Persada.
Husnan, S. (2018). Manajemen Keuangan Teori dan Penerapan edisi 4. Yogyakarta: BPFE.
Hery, S. E. (2018). Pengantar Manajemen. Jakarta: Gramedia Widiasarana Indonesia.
Maksum, A. (2018). Metodologi Penelitian Dalam Olahraga (edisi kedua). Surabaya: Unesa University Press.
Sartono, A. (2018). Manajemen Keuangan teori dan Aplikasi edisi 4. Yogyakarta: BPFE