scholarly journals ANALISIS PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA GO PUBLIC PADA BURSA EFEK INDONESIA (BEI) PERIODE TAHUN 2011 - 2014

2016 ◽  
Vol 13 (2) ◽  
pp. 121
Author(s):  
Citra Indradewi ◽  
Endang Tri Widyarti
Keyword(s):  
Hypothesis Test ◽  
Sampling Technique ◽  
The Other ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Significance Level ◽  
Independent Variables ◽  
Other Hand ◽  
Conversion Period

This research aims to analyze the effect of working capital management on profitability ofbasic industry and chemicals that listed in Indonesia Stock Exchange (IDX) within 2011-2014. Indicator of working capital management used in this research are cash conversioncycle (CCC), receivable conversion period (RCP), inventory conversion period (ICP),payable deferral period (PDP), and current ratio (CR). On the other hand, indicator ofprofitability used in this research is net profit margin (NPM).The sample data used in this research took from financial statement that have beenaudited and published in IDX. According to sampling technique used in this research,which is purposive sampling, there’re 25 companies that fit to certain criteria. Method ofdata analysis used in this research is Multiple Regression Analysis, which previouslyperformed classical assumption test. Hypothesis test is using F-statistic test, t-statistictest, and determination of coefficients with significance level of 5%.The result of this research indicates independent variables simultaneously (F-statistictest) effect on profitability (NPM) with significance level 0,000. On the other hand,partially (t-statistic test) indicates CCC has negative and significant effect onprofitability, PDP and CR have positive and significant effect on profitability.Meanwhile, RCP and ICP has positive and not significant effect on profitability. Adjusted’s score is 0,454 which means that the ability of independent variables can explainprofitability with 45,4%, while the rest is explain by other factors.

Analysis of Working Capital Management and Cash Holding on Profitability of Manufacturing Companies Listed in Indonesia Stock Exchange Period 2014 – 2018

2020 ◽  
Vol 2 (2) ◽  
pp. 65-71
Author(s):  
Niko Sianipar ◽  
Syamsu Alam ◽  
Mursalim Nohong
Keyword(s):  
Stock Exchange ◽  
Statistical Tests ◽  
The Other ◽  
Cash Holding ◽  
Manufacturing Companies ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Significance Level ◽  
Conversion Period

This research aims to analyze the effect of working capital management on the profitability of manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2014-2018. Working capital management indicators used in this research are the cash conversion cycle (CCC), the inventory conversion period (ICP), the receivable conversion period (RCP), the debt repayment period (PDP), and Cash Holding (CASH). On the other hand, the profitability indicator used in this research is Return On Assets (ROA) The sample data used in this study is taken from the audited financial statements and published on the IDX. According to the sampling technique used in this research, namely purposive sampling, there are 73 companies that fit certain criteria. This research uses descriptive statistics with a quantitative approach and uses time series data regression techniques assisted with the Eviews version 9 program. Hypothesis testing uses F statistical tests, t statistical tests, and coefficient determination with a significance level of 5%. The results of this research indicate the simultaneous independent variable (F-statistic test) affect the profitability (ROA) with a significance level of 0,000. On the other hand, partially (t test statistic) shows CCC and PDP have positive and not significant effect on profitability, ICP has a negative and no significant effect on profitability, RCP has a negative and significant effect on profitability. Meanwhile CASH has a positive and significant effect on profitability.

scholarly journals Working Capital Management dan Firm Profitability Perusahaan Sektor Manufaktur di Bursa Efek Indonesia dan Bursa Efek Filipina Periode 2014-2018

2020 ◽  
Vol 1 (1) ◽  
pp. 31-42
Author(s):  
Ricky Adiyanto ◽  
Werner Ria Murhadi ◽  
Liliana Inggrit Wijaya
Keyword(s):  
Stock Exchange ◽  
Linear Regression Method ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Accounts Receivable ◽  
Cash Conversion Cycle ◽  
Accounts Payable ◽  
Conversion Period ◽  
Firm Profitability

This study aims to analyze the effect of working capital management on the profitability of companies in Indonesia and Philippines. This study uses secondary data from companies listed in Indonesia Stock Exchange and Philippines Stock Exchange in the 2014-2018 period.  The sample used in this study includes manufacturing sector companies listed in Indonesia Stock Exchange and Philippines Stock Exchange in that period. This research uses multiple linear regression method. Working capital is measured using cash conversion cycle, accounts receivable conversion period, inventories conversion period, and accounts payable deferral period. The results of the Indonesian sample show that the cash conversion cycle and its components, namely the accounts receivable conversion period, the inventories conversion period, and the accounts payable deferral period have a significant positive effect on firm profitability. For the Philippine sample, the result of the study show that the cash conversion cycle and its components does not have a significant effect on firm profitability. Keywords: cash conversion cycle, accounts receivable conversion period, inventories conversion period, accounts payable deferral period

scholarly journals EFFECT OF FINANCIAL PLANNING AND WORKING CAPITAL MANAGEMENT ON THE PERFORMANCE OF FRUIT FARMING IN KENYA: A CASE OF MACHAKOS COUNTY

2018 ◽  
Vol 3 (1) ◽  
pp. 19
Author(s):  
Luciana Muthoki Nyamai
Keyword(s):  
Financial Planning ◽  
Sampling Technique ◽  
Target Population ◽  
Primary Data ◽  
Unique Contribution ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Training Support ◽  
The Government

Purpose: The purpose of this study was to establish the effect of financial planning and working capital management on the performance of fruit farming. Methodology: Descriptive research and correlation research design were used in this study. The target population in this study was fruit farmers in Mwala Sub County in Machakos County who were 2702. Quota sampling technique was used and the sample size was 348. Primary data was collected using a questionnaire. Quantitative data was analyzed by use of descriptive and inferential statistics (correlation). Qualitative data collected was analyzed using content analysis technique. The findings of this study were presented in tables, charts and graphs. Results: The study established that financial plans have a positive and significant correlation with performance of fruit farming. Working capital management, too, was found to have a positive and significant correlation with performance of fruit farming. Unique Contribution to Theory, Policy and Practice: Based on these findings, the researcher recommended that the agricultural ministry in the county government need to train mango farmers on financial planning and have follow-up programs on the same. The study also recommended that the government, NGOS and investors whose interest lies in supporting farmers need to extend their training support to them. Further, financial institutions need to implement mechanisms for supporting the mango farmers financially.

scholarly journals The Relationship between Working Capital Management and Profitability of Bumiputera-Controlled Companies in Malaysia

2018 ◽  
Vol 2 (3) ◽  
pp. 24-34
Author(s):  
Fairuz Sofia Kaharuddin ◽  
Ahmad Rizal Mazlan
Keyword(s):  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Trade Off ◽  
Cash Conversion Cycle ◽  
Conversion Period ◽  
Panel Data Regression ◽  
Data Regression ◽  
Collection Period ◽  
The Relationship

This study investigated the relationship between working capital management and profitability of 94 listed Bumiputera-controlled companies in Malaysia for 2006 until 2012. The underlying theory is the trade-off theory of working capital and cash conversion cycle, and its components are used as measures for working capital management. Findings of the panel data regression reveal that inventory conversion period and receivable collection period are significantly negatively correlated to profitability. This suggests that the shorter the period, the higher the profitability of Bumiputera-controlled companies tends to be. However, the cash conversion cycle is significantly and positively correlated to profitability, suggesting that the longer the cash conversion period, the higher the profitability. The payable collection period is not significantly correlated to profitability. The findings of this study assert that in general, Bumiputera-controlled companies are relatively less efficient in its working capital management, as far as the comparison to previous related studies is concerned.

scholarly journals Working capital management and profitability: evidence from Indonesian manufacturing companies

2020 ◽  
Vol 3 (1) ◽  
pp. 36-46
Author(s):  
Irfan Aryawan ◽  
Astiwi Indriani
Keyword(s):  
Stock Exchange ◽  
Manufacturing Companies ◽  
Capital Management ◽  
Working Capital ◽  
Return On Assets ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Conversion Period ◽  
Collection Period ◽  
The Relationship

The aims of this study is to analyze the relationship between working capital management and profitability (return on assets) as a dependent variable and cash conversion cycle (CCC), inventory conversion period (ICP), average collection period (ACP) and average payment period (APP) as independent variables with leverage, liquidity, and size as the controlling variables. The sample of this study are manufacturing companies in the Indonesian Stock Exchange 2013-2017. The analysis using OLS showed that the ACP has a negative and significant effect on ROA and the APP has a positive and significant effect on ROA, meanwhile CCC and ICP has a negative and insignificant effect on ROA.

THE INFLUENCE OF MUDHARABAH AND MUSYARAKAH INCOME TOWARDS BRI SYARIAH PROFITABILITY

2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Zulkarnain Karundeng
Keyword(s):  
Quantitative Method ◽  
Hypothesis Test ◽  
Research Data ◽  
The Other ◽  
P Value ◽  
Financial Report ◽  
Independent Variables ◽  
Other Hand

AbstractThis study aims to discover the influents of Mudharabah and Musyarakah income towards BRI Syariah profitability. The researcher applied the quantitative method using two variables. They are mudharabah and musyarakah (x) and profitability (y). The research samples are quarterly financial report published by BRI Syariah during 2010-2015 periods. Research data are initially exposed to a classical assumption test in order to check whether those data are compatible for hypothesis test. The classical assumption test includes normality, multicollinearity, autocorrelations and heteroscedasticity test. Based on the hypothesis test, the dependent variable which can be explained by the independent variables is 29,9 % while the rest 71,1 % are explained by other variables. The simultant test (F) shows that variable x is influenced by variable y. it is proven by a p-value that is smaller than the level of significant (0,027 < 0,05). On the other hand, musyarakah is not affected since the p-value is bigger than the level of significant (0,319 > 0.15).Keywords :Mudharabah, Musyarakah, Profitability

Bayesian analysis of working capital management on corporate profitability: evidence from India

2017 ◽  
Vol 44 (4) ◽  
pp. 568-584 ◽  
Author(s):  
Arvind Shrivastava ◽  
Nitin Kumar ◽  
Purnendu Kumar
Keyword(s):  
Bayesian Approach ◽  
Skewed Distribution ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Content Type ◽  
Financial Decisions ◽  
Bayesian Techniques ◽  
Bayesian Methodology ◽  
Conversion Period

Purpose Decisions pertaining to working capital management have pivotal role for firms’ short-term financial decisions. The purpose of this paper is to examine impact of working capital on profitability for Indian corporate entities. Design/methodology/approach Both classical panel analysis and Bayesian techniques have been employed that provides opportunity not only to perform comparative analysis but also allows flexibility in prior distribution assumptions. Findings It is found that longer cash conversion period has detrimental influence on profitability. Financial soundness indicators are playing significant role in determining firm profitability. Larger firms seem to be more profitable and significant as per Bayesian approach. Bayesian approach has led to considerable gain in estimation fit. Practical implications Observing the highly skewed distribution of dependent variable, Multivariate Student t-distribution has been considered along with normal distribution to model stochastic term. Accordingly, Bayesian methodology is applied. Originality/value Analysis of working capital for firms has been performed in Indian context. Application of Bayesian methodology is performed on balanced panel spanning from 2003 to 2012. As per author’s knowledge, this is the first study which applies Bayesian approach employing panel data for the analysis of working capital management for Indian firms.

scholarly journals Pengaruh Activity Ratio, Working Capital Management, Firm Size Dan Leverage Ratio Terhadap Profitability Pada Perusahaan Sub Sektor Property Dan Real Estate Yang Terdaftar Dalam Bursa Efek Indonesia

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Nadia Lionardi
Keyword(s):  
Real Estate ◽  
Firm Size ◽  
Activity Ratio ◽  
Stock Exchange ◽  
Random Effect ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Leverage Ratio ◽  
Independent Variables

The purpose of this research was to determine the effect of activity ratio, working capital management, firm size and leverage ratio to company’s profitability in sub sector property and real estate listed in Indonesia Stock Exchange. The sampling method was done by using purposive sampling. Secondary data collection methods were taken from IDX published financial statements. This research used multiple regression analysis with random effect method to test their hypothesis using Eviews 6. The results show that activity ratio, firm size and leverage ratio have a positive significant affect to company’s profitability measured using ROE, while working capital management has a negative insignificant affect to company’s profitability. F-test result show that all independent variables in this research simultaneously have a significant effect to company’s profitability in sub sector property and real estate listed in Indonesia Stock Exchange. In the test of Adjusted R2, the analysis results showed that 39,83% profitability was influenced by the independent variables of this research while the remaining 60,17% influenced by other factors not studied.

scholarly journals PENGARUH CAPITAL STRUCTURE DAN WORKING CAPITAL MANAGEMENT TERHADAP PROFITABILITAS

2017 ◽  
Vol 1 (2) ◽  
pp. 42-46
Author(s):  
Ratu Dintha IZFS ◽  
Ahim Surachim
Keyword(s):  
Capital Structure ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Significance Level ◽  
Return On Equity ◽  
Verification Method ◽  
Statistic Model ◽  
Equity Ratio ◽  
The Impact

This research was intended to know the impact of capital structure and working capital management on the profitability of  PT. Indosat Tbk in the period of 2005-2014. This research applied descriptive and verification method concluded in time series design. The statistic analysis that was used in this study was doubled linear regression at 5% significance level. Based on the findings, it was provable that regression statistic model could applied in noticing the effect of capital structure and working capital structure on profitability through F-test. Moreover, T-test showed that capital structure negatively affected the profitability in significant manner. Lastly, working capital management was identified to be a factor that did not affect the profitability.  Keyword : Capital Structure, Debt to Equity Ratio (DER), Working Capital Management, Working Capital Turnover (WCT), Profitability, Return on Equity (ROE).

scholarly journals Effects of Working Capital Management and Liquidity: Evidence from the Cement Industry of Bangladesh

1970 ◽  
Vol 6 (1) ◽  
pp. 37-47 ◽  
Author(s):  
Sayeda Tahmina Quayyum
Keyword(s):  
Stock Exchange ◽  
Cement Industry ◽  
The Other ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Management Efficiency ◽  
Time Period ◽  
Inventory Turnover

This paper is an attempt to investigate the effects of working capital management efficiency as well as maintaining liquidity on the profitability of corporations. For this purpose, corporations enlisted with the cement industry of Dhaka Stock Exchange have been selected and the analysis covers a time period from year 2005 to 2009. The purpose of this paper is to establish a relationship which is statistically significant, the other purpose is to help explain the necessity of firms optimizing their level of working capital management and maintaining enough liquidity as it affects the profitability. The result of this study clearly shows significant level of relationship between the profitability indices and various liquidity indices as well as working capital components.KEY WORDS: Working capital management; Liquidity; Cement Industry; Cash Conversion Cycle; Inventory Turnover; Receivables Turnover; Payable Turnover.DOI: http://dx.doi.org/10.3329/jbt.v6i1.9993  Journal of Technology (Dhaka) Vol. 6(1), January-June, 2011 37-47

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