ANALYSIS OF THE EFFECT OF WORKING CAPITAL TURNOVER ON PROFITABILITY IN MANUFACTURING COMPANIES IN INDONESIA

Authors

Eny Nurnilawati Universitas Amikom Yogyakarta Jl. North Ringroad, CondongCatur, Depok, Sleman, Yogyakarta
Rahmadika Bayu Aji Yogaswara Jl. North Ringroad, CondongCatur, Depok, Sleman, Yogyakarta 2 Universitas Pembangunan Nasional
Rahma Widyawati Universitas Amikom Yogyakarta Jl. North Ringroad, CondongCatur, Depok, Sleman, Yogyakarta 2 Universitas Pembangunan Nasional
Rahma Widyawati
Mei Maemunah

Keywords:

manufacturing companies, working capital turnover, profitability

Abstract

One source of business life is finance. Effective financial management is a valuable resource, which affects the performance, risk, and market value of the company. Based on the description above, this study aims to analyze the effect of working capital turnover on profitability in manufacturing companies in Indonesia. This research is dedicated to companies listed on the stock exchange in Indonesia from 2016-2018. The number of samples used is 231 data from 134 manufacturing companies. The research method used is a quantitative method with data processing tools using SPSS. The results of the study show that cash turnover has a negative effect on the profitability of manufacturing companies, both in the virgin and chemical industry sector, various industries, and the consumer goods industry. Second, accounts receivable turnover has a positive effect on the profitability of manufacturing companies, both in the virgin and chemical industry sector, various industries, and the consumer goods industry. Third, inventory turnover does not affect the profitability of manufacturing companies, both in the virgin and chemical industry sector, various industries, and the consumer goods industry. The results of the study indicate that there are other factors that can affect the company's profitability that has not been included in this research model.

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Published

2022-10-20

How to Cite

Eny Nurnilawati, Rahmadika Bayu Aji Yogaswara, Rahma Widyawati, Rahma Widyawati, & Mei Maemunah. (2022). ANALYSIS OF THE EFFECT OF WORKING CAPITAL TURNOVER ON PROFITABILITY IN MANUFACTURING COMPANIES IN INDONESIA. European Journal of Research Development and Sustainability, 3(10), 34-40. Retrieved from https://scholarzest.com/index.php/ejrds/article/view/2788