The Effect of Working Capital Turnover, Cash Turnover and Inventory Turnover on The Profitability of Companies Listed on The Indonesian Stock Exchange
DOI:
https://doi.org/10.30587/innovation.v3i1.3728Keywords:
Working Capital Turnover, Cash Turnover, Inventory Turnover, Profitability, Indonesia Stock Exchange (IDX)Abstract
This study aims to test working capital turnover, cash turnover and inventory turnover on the profitability of manufacturing companies in the food and beverage subsector. By using 30 samples of the company's annual financial statements to analyze the effect of working capital turnover, cash turnover and inventory turnover on the profitability of companies listed on the Indonesia Stock Exchange in 2017-2019. This test is done by using multiple linear regression. The regression results show that partially working capital turnover has a significant and significant effect on profitability with a level of 7.1%. While the cash turnover and inventory turnover variables have no effect on profitability. This research can be used by companies in determining performance and making managerial decisions based on financial statements. This study has limitations only on financial statements for companies.
References
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Sulfiana and Purnawati (2011) "The Effect of Cash Turnover, Accounts Receivable Turnover and Inventory Turnover on profitability". Journal of economics, Udayana University Denpasar.
Yulianti (2013) "The Effect of Working Capital Policy on Profitability in Hotel and Restaurant Companies on the Indonesia Stock Exchange". Thesis, Udayana University Denpasar.
Https://mainsaham.id/2021/09/23/laporan-keuangan/
Https://www.sahamok./emiten/sector-industri-barang-konsumsi/sub-sector-food-beverage/
Https://www.cnbcindonesia.com/news/20191227223001-4-126207/duh-naga-naganya-industri-perbankan-tumbuh-melalang-di-2019.
www.idx.co.id
Agustia Dewi, et al (2016). The Influence of Cash Turnover, Accounts Receivable Turnover and Inventory Turnover on Profitability of Companies listed on the Indonesia Stock Exchange in 2014”. Management major. Ganesha University of Education. Singaraja, Indonesia.
Brigham, Eugene F. and Joel F. Houston, (2009). Fundamentals of Financial Management, Bukusatu, Tenth Edition, Translated by Ali Akbar Yulianto. Jakarta: Salemba Empat.
Deni et al (2012). “The Influence of Cash Turnover, Accounts Receivable Turnover and Inventory Turnover on Profitability of Companies listed on the Indonesia Stock Exchange. Accounting Study Program, Faculty of Economics. Raja Ali Haji Maritime University, Riau, Indonesia.
Desliana, et al (2018). "Effect of Working Capital Turnover and Inventory Turnover on Profitability of Property and Real Estate Companies listed on the Indonesia Stock Exchange", journal of applied managerial accounting, Vol. 2, No. 1, Department of Business Management. Batam State University.
Dwinurfi, et al (2018). The Effect of Working Capital Turnover, Accounts Receivable Turnover and Cash Turnover on Profitability in Mining Companies Listed on the Indonesia Stock Exchange. Journal of Sriwijaya University, 2018.
Faradila, et al (2017). "The Influence of Working Capital Turnover, Cash Turnover, Accounts Receivable Turnover and Inventory Turnover on Profitability of Cosmetics & Household Supplies Sub-Sector Companies listed on the Indonesia Stock Exchange". Management Study Program, Faculty of Economics. Pakuan University.
Faisal (2017). “The Influence of Cash Turnover, Accounts Receivable Turnover and Inventory Turnover on Profitability of Manufacturing Companies listed on the Indonesia Stock Exchange in 2004-2014:. Sosoq Journal Vol. 5, No. 1.
Ghozali, Imam, 2011. Application of Multivariate Analysis with the SPSS 19 Program. Any: BP Diponegoro University.
Hoiriya, Lestariningsih (2015). The Influence of Working Capital Turnover, Accounts Receivable Turnover, Cash Turnover on Profitability of Manufacturing Companies. Journal of Management Science and Research (JIRM) 4 (4), 2015
Hutami, (2018). The Effect of Working Capital Turnover, Cash Turnover, Accounts Receivable Turnover, And Cash Turnover On Profitability In Textile And Garment Companies Listed On The Stock Exchange. Muhammadiyah University of Surakarta, 2018
cashmere. 2012. Analysis of Financial Statements. Jakarta : PT Raja Grafindo
Kasmir, (2011). Financial statement analysis. First edition. Sixth printing. Jakarta: Rajawali.
Munawir, 2010. Analysis of Financial Statements, Yogyakarta: Liberty
Munawir. 2007. Analysis of Financial Statements, Fourth Edition. Yogyakarta: Liberty. Pachta W.
Nina, Sufiana. (2013) "The Influence of Cash Turnover, Accounts Receivable Turnover and Inventory Turnover on Profitability". Faculty of Economics. Udayana University.
Nawalani and Lestari (2015) “The Effect of Working Capital on Profitability of Food and Baverage Companies on the Indonesia Stock Exchange” STIE Perbanas Surabaya.
Pratiwi, (2018). "The Influence of Working Capital Turnover, Accounts Receivable Turnover and Cash Turnover on Profitability of Consumer Goods Industrial Companies on the Indonesia Stock Exchange". Journal of Management Science 7 (1), 77-89, 2018
Putri et al, (2020) “The Effect of Working Capital on Profitability of Food and Baverage Companies on the Indonesia Stock Exchange” Muhammadiyah University, East Kalimantan, Samarinda, Indonesia.
Sartono, Agus, 2010. Financial Management Theory and Applications Fourth Edition. Yogyakarta : BPFE
Santoso, E.E., Clairene. 2013. Working Capital Turnover and Accounts Receivable Turnover Effect on Profitability at PT. Pegadaian (PERSERO). Journal of EMBA 1581 1(4) : 1581-159).
Santoso et al. (2008). “The Influence of Accounts Receivable Turnover and Collection of Receivables on Company Liquidity in CV. Bumi Sarana Jaya in Gresik”. Journal of Logos, Vol. 6, No. 1, p. 37-54.
Sugiyono, (2018). Research Methods Quantitative, Qualitative and R & D Bandung: Alfabeta cv.
Sugiyono, (2017). Research Methods Quantitative, Qualitative and R & D Bandung: Alfabeta cv.
Sugiyono, (2019). Research Methods Quantitative, Qualitative and R & D Bandung: Alfabeta cv.
Sulfiana and Purnawati (2011) "The Effect of Cash Turnover, Accounts Receivable Turnover and Inventory Turnover on profitability". Journal of economics, Udayana University Denpasar.
Yulianti (2013) "The Effect of Working Capital Policy on Profitability in Hotel and Restaurant Companies on the Indonesia Stock Exchange". Thesis, Udayana University Denpasar.
Https://mainsaham.id/2021/09/23/laporan-keuangan/
Https://www.sahamok./emiten/sector-industri-barang-konsumsi/sub-sector-food-beverage/
Https://www.cnbcindonesia.com/news/20191227223001-4-126207/duh-naga-naganya-industri-perbankan-tumbuh-melalang-di-2019.
www.idx.co.id
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Published
2022-04-10
How to Cite
Khoiroh, A., Alkusani, A., & Reviandani, W. (2022). The Effect of Working Capital Turnover, Cash Turnover and Inventory Turnover on The Profitability of Companies Listed on The Indonesian Stock Exchange. INNOVATION RESEARCH JOURNAL, 3(1), 34–39. https://doi.org/10.30587/innovation.v3i1.3728
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