Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas Dan Risiko

Liquidity ◽  
2017 ◽  
Vol 6 (2) ◽  
pp. 95-102
Author(s):  
Sri Setia Ningsih
Keyword(s):  
T Test ◽  
Raw Material ◽  
Risk Level ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Trading Company ◽  
Regression Correlation ◽  
Descriptive Method

The purpose of this research is to know about working capital management applied, and its influence on profitability and risk. The research object is trading company moves in import & distribute chemical raw material. The research used analysis descriptive method, and the hypothesis was testing by simple linier regression, correlation, and determination. The result of the research shows that the effect of the implementation of working capital management on the change of the net working capital with tend to rise has a profitability level of 10.4% lower than the net working capital change with tend to go down of 46%, but instead on the risk level, the net working capital change with tend to rise has a risk level of 43.8% higher than the change in net working capital with tend to go down of 0.3%.Based on  t test, the result shows that the net working capital change influence  is not significant  to profitability and risk.

scholarly journals Analisis Strategi Pengembangan Usaha Guna Meningkatkan Modal Kerja dan Keuntungan di Perusahaan Roti Tiga Berlian Kota Lubuklinggau

2019 ◽  
Vol 1 (2) ◽  
pp. 214-231
Author(s):  
Wisdalia Maya Sari ◽  
Fitria Fitria ◽  
Prilia Dwi Hartina
Keyword(s):  
Development Strategy ◽  
Swot Analysis ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Study Find ◽  
Quantitative Descriptive ◽  
The City ◽  
A Company ◽  
Descriptive Method

The purpose of this study is to determine the working capital in the company under study, find out the company's profits in the research site, make a company development strategy. This research was conducted at the Roti Tiga Berlian company in the City of Lubuklinggau. The method used in this research is quantitative descriptive method with working capital, profit and SWOT analysis. The results of this study are that the capital system is put to good use, working capital management has gained profits, recommendations for company development, namely: 1) increasing the understanding of bread variants; 2) opening factories in strategic areas; 3) build special otlets for three-diamond bread products. Conclusion, the condition of the Lubuklinggau City Tiga Berlian Bread Company in managing working capital owned to obtain profit is in a healthy condition, so that for 5 (five) years it is known that it is able to use the working capital owned to obtain profit  Keywords: Development Strategy, Working Capital, Profit

scholarly journals Impact of Working Capital Management on Profitability and Value of Firm: A Study of Manufacturing Sector of Pakistan

2018 ◽  
Vol 14 (2) ◽  
pp. 1-12
Author(s):  
Munawar Shabbir ◽  
Keyword(s):  
Stock Exchange ◽  
Manufacturing Sector ◽  
Generalized Method Of Moments ◽  
Manufacturing Firms ◽  
Raw Material ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Value Of Firm

Manufacturing is third largest sector of Pakistan's economy. The manufacturing firms convert raw material to finished goods that is useful for people. The whole process (raw material to end product) requires huge amount of working capital. Any anomaly in working capital management directly effects on performance, profitability and value of firm. The present study explores impact of working capital management on profitability as well as on value of firm. The study collects random sample of 30 manufacturing firms registered on Pakistan Stock Exchange for twelve years (2005 to 2016). The regression models were estimated using Generalized Method of Moments. The results showed profitability and value of firms decrease with increase in receivable and inventory turnover because delay in receivables or sale of inventory enhance financing needs for working capital. Liquidity contribute largely in increase profitability as compared to value of firm. However, some variables showed partial results for both models for example profitability increased with rise in growth and cash conversion cycle. Value of firm was decreased with delay in accounts payable turnover because it cased distrust of supplier and investors. We expected size will increase profitability and value but contrary results expressed decline in both. The research findings suggest firms in Pakistan should focus on efficient working capital management for better profitability and value addition of firm.

scholarly journals Study of Working Capital Management on Small and Micro Businesses of Cassava-Based Food in Semarang Regency

JEMAP ◽  
2021 ◽  
Vol 4 (1) ◽  
pp. 73
Author(s):  
Bonifatius Junianto Wibowo ◽  
Widuri Kurniasari ◽  
Ignatius Supriyanto
Keyword(s):  
Raw Material ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Entrepreneurial Spirit ◽  
Conversion Period ◽  
Net Profit ◽  
Result Show ◽  
Collection Period

 This research is conducted to know the condition of small and micro business of cassava –based in Semarang regency related to management of working capital.  Samples of this research are ten small and micro business of cassava-based food in that area. That data was obtained with questionnaires, which distributed to those samples. Interview and observation are also used to complete data from questioner. The data are analyzed by descriptive quantitative and quantitative. The result show that they run their business only to get revenue for meeting their basic needs.  While, on the working capital management, they focus on finished goods inventory rather than on raw material inventory.  The easiness of getting the cassava make them have a few  cassava as inventory.   They order cassava from nearest supplier for making any kinds  of food. Most of working capital is financed by owners equity.    Therefore, they do not dependent on creditors.   Nevertheless, they have not yet included wages of workers to create net profit.  Respectively, inventory conversion period, average collection period,  payables deferral period  and cash conversion cycle do not influence to return on asset. In the future, they can take loan to finance working capital as long as not more than owner’s equity.  They should include wages expense to get profit.  More importantly, they must own entrepreneurial spirit in business.  

A Study On Comparison About Working Capital Management Of State Bank Of India And Industrial Credit And Investement Corporation Of India

Think India ◽  
2019 ◽  
Vol 22 (2) ◽  
pp. 251-276
Author(s):  
S. DEVI ◽  
R.POORNIMA RANI
Keyword(s):  
Main Theme ◽  
Managerial Accounting ◽  
Capital Management ◽  
Working Capital ◽  
Current Ratio ◽  
Efficient Operation ◽  
Working Capital Management ◽  
Satisfactory Level ◽  
Current Asset

Working capital management refers to a company's managerial accounting strategy designed to monitor and utilize the two components of working capital, current assets and current liabilities, to ensure the most financially efficient operation of the company. The goal of working capital management is to manage the firm’s current asset and current liabilities in such a way that satisfactory level of working capital is maintained. A study on comparison in working capital management with State Bank of India and Industrial Credit and Investment Corporation of India is analyzed to know the liquidity and current ratio. The interaction between current asset and current liabilities is therefore is the main theme of the theory of working capital management.

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