PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS PERUSAHAAN
DOI:
https://doi.org/10.55606/jurnalrisetilmuakuntansi.v1i3.35Keywords:
Profitability,Management and Purposive sampling.Abstract
This research was conducted to partially analyze the Effect of Working Capital Management on Company Profitability in automotive sub-sector companies listed on the Indonesia Stock Exchange (IDX).
The sampling method is purposive sampling. The number of samples used in this study were 10 automotive sub-sector companies listed on the Indonesia Stock Exchange (IDX) with a total sample of 50 data. This type of data is secondary data sourced from financial report data and annual reports. The data analysis method used is multiple linear regression analysis.
The findings of this study are based on the results of the t test, it can be concluded that partially Days Sales of Inventory (DSI) partially has a positive and significant effect on company profitability in the automotive subsector listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. Partially Days Sales Outstanding (DSO) and Days Payable Outstanding (DPO) have a negative and significant effect on company profitability in the automotive subsector listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period.
References
Aguenaou., S., Farooq., O., Abrache., J., & Brahimi, M. (2015). The Relationship between Working Capital Management and Profitability: Empirical Evidence from Morocco. Global Review of Accounting and Finance, 6.
Attari., M. A., & Raza, K. (2012). The Optimal Relationship of Cash Conversion Cycle with Firm Size and Profitability. International Journal of Academic Research in Business and Social Sciences, 2,4.
Brigham, E. F., & Houston, J. F. (2011). Dasar-dasar manajemen keuangan (Edisi 14).
Deloof, M. (2003). Does Working Capital Management Affect Profitability of Belgian Firms? Journal of Business Finance & Accounting, 30(3–4), 573–588.
Enqvist, J., Graham, M., & Nikkinen, J. (2014). Impact of working capital management on business profitability. Elsevier, 32.
Fardia, A. (2020). Pengaruh Stuktur Modal, Likuiditas Dan Ukuran Perusahaan Terhadap Profitabilitas Perusahaan.
Gitman, L. J., Chad, J., & Lawrence, J. (2009). Corporate Attributes and Corporate Disclosure Level of Listed Companies in Nigeria: A Post-IFRS Adoption Study. Principles of Managerial Finance, 5.
Gołaś, Z. (2019). Impact of working capital management on business profitability: Evidence from the Polish dairy industry. Agricultural Economics – Czech.
Karaduman., H. A., AKBAS., H. E., OZSOZGUN., A., & Salih DURER . (2010). Effects Of Working Capital Management On Profitability: The Case For Selected Companies In The Istanbul Stock Exchange (2005- 2008). International Journal Of Economics And Finance Studies, 2.
Kawakibi, A. A. (2016). Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas Pada Perusahaan Semen Yang Terdaftar Di Bursa Efek Indonesia Periode 2009-2015.
Keown., A. J., John D, M., & Petty, J. W. (2017). Foundations of finance : the logic and practice of financial management (Ninth edit). Boston : Pearson, [2017].
Muhammad., H., Rehman., A. U., & Waqas, M. (2016). The Relationship between Working Capital Management and Profitability A Case Study of Tobacco Industry of Pakistan. Journal of Asian Finance, Economics and Business, 3.
Panjaitan, R. J. (2018). Pengaruh Current Ratio, Debt To Equity Ratio, Net Profit Margin Dan Return On Asset Terhadap Pertumbuhan Laba Pada Perusahaan Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016. Jurnal Manajemen, 4(1), 61–72.
Paramitasari, M. D. (2018). Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas Perusahaan.
Purwaningsih, E., & Gulo, Z. G. (2021). Pengaruh Struktur Kepemilikan, Struktur Aset dan Profitabilitas Terhadap Kebijakan Hutang. JURNAL AKUNTANSI UNIHAZ:JAZ.
Putri, S. Y. U., & Wahyudi, I. (2022). Pengaruh Umur Perusahaan, Ukuran Perusahaan, Likuiditas Dan Profitabilitas Terhadap Ketepatan Waktu Penyampaian Laporan Keuangan Perusahaan Pada Masa Covid-19.
Quayyum, S. T. (2012). Effects of Working Capital Management and Liquidity: Evidence from the Cement Industry of Bangladesh. Journal of Business and Technology.
Riyanto, B. (2011). Dasar-dasar pembelanjaan perusahaan (Edisi 4). BPFE Yogyakarta.
Safitri, A. M., & Mukaram. (2018). Pengaruh ROA, ROE, dan NPM Terhadap Pertumbuhan Laba Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar di Bursa Efek Indonesia. Jurnal Riset Bisnis Dan Investasi, 4(1), 25. https://doi.org/10.35697/jrbi.v4i1.990
Sekaran., U., & Bougie, R. J. (2017). Research Methods for Business (Edisi 7).
Setyawati, Q. (2019). Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas Perusahaan (Studi Pada Perusahaan Tekstil dan Garmen di Bursa Efek Indonesia Tahun 2013-2018).
Shah, M. H., & Khan, F. (2018). Profitability andWorking Capital Management Nexus Evidence from Food & Personal Care Products Sector Firms Listed on Pakistan Stock Exchange. Journal of Business and Tourism, 04.
Sugiyono. (2016). Metode Penelitian Kuantitatif Kualitatif dan R&D.
Tandelilin, E. (2010). Portofolio dan Investasi Teori dan Aplikasi. Analyzing Public Perception of Investment Products and Their Decision to Invest, Edisi 1.
Tu., T., & Nguyen, U. (2014). Relationship Between Working Capital Management And Profitability – Empirical Evidence From Vietnamese Listed Firms. ICFE 2014 - The International Conference on Finance and Economics.
Wahyudi, I., & Fitriah, N. (2021). Pengaruh Aset Tidak Berwujud, Ukuran Perusahaan, Kepatuhan Perpajakan, dan Leverage Terhadap Transfer Pricing. Jurnal Akuntansi, 13.
Watts, R. L., & Zimmerman, J. L. (1990). Positive Accounting Theory : A Ten Perspective. The Accounting Review. The Accounting Review.
Wicaksono, R. A. (2017). Pengaruh Modal Kerja Terhadap Profitabilitas Pada Industri Makanan dan Minuman Yang Terdaftar di BEI. 4(1).
Zulkifli. (2018). Pengaruh Current Ratio, Debt To Equity Ratio dan Net Profit Margin terhadap Earning Growth pada Perusahaan Pertambangan yang Tercatat di Bursa Efek Indonesia. Jurnal Ekonomi, 23(2), 175–189. https://doi.org/10.24912/je.v23i2.367
