Pengaruh Cash Turnover, Working Capitalturnover, Receivable Turnover, Dan  Inventory Turnover Terhadap Return On Asset Pada Perusahaan Keramik Yang Terdaftar  Di Bursa Efek Indonesia

This research is meant to examine the influence of cash turnover, working capital turnover, receivable turnover, and inventory turnover to the return on assets in the Ceramic companies listed on the Indonesian Stock Exchange (IDX) in 2013-2017 periods. The independent variables in this study wer Cash Turnover, Working Turnover, Receivable Turnover, and Inventory Turnover, while for the dependent variable is Return On Assets. The samples are 5 companies which have been selected by using cross sectional. The financial statement data has been obtained from the Indonesian Stock Exchange (IDX). The research method has been done by using quantitative method and multiple linier regressions with the application instrument of SPSS (Statistical Product and Service Solutions). The result of this research shows that working capital turnover has an influence to the return on assests whereas the cash turnover, receivable turnover and inventory turnover do not have any influence to the return on assets. The value R square is 0,558 which shows that all of independent variables which are cash turnover,working capital turnover, receivable turnover and inventory turnover can explain the dependent variable is return on assets is 55,8% and remaining is 44,2% which is influenced by orther factors which are not included in this model.

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Pengaruh Modal Kerja Dan Current Ratio (CR) Terhadap Return On Asset (ROA) Pada Perusahaan PT.Indofood.Tbk pada priode 2008-2017

Jurnal Madani : Ilmu Pengetahuan, Teknologi dan Humaniora ◽

10.33753/madani.v3i1.91 ◽

2020 ◽

Vol 3 (1) ◽

pp. 95-103

Author(s):

Krisnaldy Krisnaldy

Keyword(s):

Research Methodology ◽

Research Method ◽

Stock Exchange ◽

Financial Statement ◽

Working Capital ◽

Return On Assets ◽

Current Ratio ◽

Descriptive Research ◽

Conducting Research ◽

Quantitative Descriptive

The purpose of this research is to find out the influence of Working Capital on the Return on Assets of PT Indofood.Tbk companies listed on the Indonesia Stock Exchange in 2008-2017. Tbk registered on the Indonesia Stock Exchange in 2008-2017 and to find out whether there is an influence of working capital and Current Ratio (CR) simultaneously on the Return on Assets (ROA) of PT Indofood.Tbk company registered on the Indonesia Stock Exchange 2008-2017. The research methodology is quantitative descriptive. Descriptive, descriptive research is a research method used to find the broadest possible knowledge of the object of research at a particular time. This research was conducted to determine the effect of Working Capital and Current Ratio on Return on Assets (ROA). To get the data and information that the writer needs in this thesis. Conducting research which includes searching and observing and collecting financial statement data for 10 (ten) years. From the research obtained simultaneously it is known to be significant at 0.012, this shows that the significance value is less than 0.05 or 0.012 <0.05, so it can be concluded if significance value sig <0.05 then H0 is rejected and H3 is accepted so that Working Capital and Current Ratio affect the company's Return On Assets Abstrak Tujuan penelitian ini Untuk mengetahui terdapat pengaruh Modal Kerja terhadap Return On Asset perusahaan PT.Indofood.Tbk yang terdaftar di BEI tahun 2008-2017 kemudian Untuk mengetahui terdapat pengaruh Current Ratio (CR) terhadap Return On Asset perusahaan PT.Indofood.Tbk yang terdaftar di BEI tahun 2008-2017 dan Untuk mengetahui Apakah terdapat pengaruh modal kerja dan Current Ratio (CR) secara simultan pada Return On Asset (ROA) perusahaan PT.Indofood.Tbk yang terdaftar di BEI 2008-2017 . Metode Penelitian yang dilakukan bersifat deskriptif kuantitatif. Deskriptif , penelitian deskriptif merupakan metode penelitian yang digunakan untuk menemukan pegetahuan yang seluas-luasanya terhadap objek penelitian pada suatu masa tertentu. Penelitian ini dilakukan untuk mengetahui pengaruh Modal Kerja dan Current Ratio terhadap Return On Asset (ROA). Untuk mendapatkan data dan informasi yang penulis perlukan dalam dalam ini. Mengadakan penelitian yang meliputi mencari serta melakukan observasi serta menggumpulakan data laporan keuangan Selama 10 (Sepuluh ) tahunDari penelitian diperoleh secara simultan diketahui signifikan sebesar 0.012, ini menunjukkan bahwa nilai signifikasi lebih kecil dari 0,05 atau 0,012<0,05, sehingga dapat disimpulkan jika nilai signifikasi sig<0,05 maka H0 di tolak dan H3 di terima sehingga Modal Kerja dan Current Ratio berpengaruh terhadap Return On Asset perusahaan.

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PENGARUH WORKING CAPITAL TURNOVER (WCT), CURRENT RATIO (CR), DAN TOTAL ASSETS TURNOVER (TATO) TERHADAP PROFITABILITAS

Moneter - Jurnal Akuntansi dan Keuangan ◽

10.31294/moneter.v8i1.8798 ◽

2021 ◽

Vol 8 (1) ◽

pp. 1-8

Author(s):

Melia Trie Utami ◽

Gusganda Suria Manda

Keyword(s):

Research Method ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Coefficient Of Determination ◽

Working Capital ◽

Return On Assets ◽

Current Ratio ◽

Negative Effect ◽

Positive Effect

The purpose of this study was to examine and analyze the effect of Working Capital Turnover (WCT), Current Ratio (CR), and Total Assets Turnover (TATO) on Profitability with the Return On Assets (ROA) proxy on cigarette sub sector companies listed on the Indonesia Stock Exchange (IDX) quarterly in 2014-2019, both partially and simultaneously. The research method used is descriptive verification with quantitative approaches. The sample in this study used purposive sampling. The statistical method used is the method of multiple linear regression analysis. The results showed that the Working Capital Turnover (WCT), Current Ratio (CR), and Total Assets Turnover (TATO) simultaneously had a significant effect on the Return on Assets (ROA) profitability. Partially Working Capital Turnover (WCT) has a significant negative effect on Return on Assets (ROA) profitability, Current Ratio (CR) has no effect on Return on Assets (ROA) Profitability, and Total Assets Turnover (TATO) has a significant positive effect on Return on Profitability Assets (ROA). The coefficient of determination obtained by 0.429 means that only 42.9% Profitability Return on Assets (ROA) is influenced by Working Capital Turnover (WCT), Current Ratio (CR), and Total Assets Turnover (TATO) and the rest 57.1 % is influenced by other variables.

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Pengaruh Debt to Equity Ratio, Firm Size dan Working Capital terhadap Return on Asset pada Perusahaan Property and Real Estate yang terdaftar di Bursa Efek Indonesia

Owner ◽

10.33395/owner.v4i2.248 ◽

2020 ◽

Vol 4 (2) ◽

pp. 593

Author(s):

Diana Felicia ◽

Sherlyn Margareth ◽

Rani Rani ◽

Enda Noviyanti Simorangkir

Keyword(s):

Linear Regression ◽

Real Estate ◽

Firm Size ◽

Research Method ◽

Stock Exchange ◽

Regression Analyses ◽

Working Capital ◽

Independent Variables ◽

Equity Ratio ◽

Real Estate Company

This study aims to determine if the independent variables affects dependent variable on Property and Real Estate companies on the Indonesia Stock Exchange from January to December in the period of 2015-2017. Where the independent variables are Debt to Equity Ratio, Firm Size and Working Capital. Whereas, the dependent variable is Return on Asset. Where there are as many as 46 Property and Real Estate companies listed on the Indonesia Stock Exchange. However, the samples are examined only 35 companies in accordance with the desired criteria. This research method uses multiple linear regression analyses with the aid of SPSS 19. The results of this analysis shows in the period of 2015-2017 there is a Property and Real Estate company that on the T test Debt to Equity Ratio is partially no effect on Return On Asset, Firm Size in partial no significant effect on Return on Asset and Working Capital also partial no significant effect on Return on Asset. However, on the F test Debt to Equity Ratio, Firm Size and Working Capital simultaneously have significant effect on Return on Asset. Adjusted R Square at 0,110 or 11% which means that 11% variable Return on Asset were influenced by Debt to Equity Ratio, Firm Size and Working Capital while (100%-11%) 89% of its unexplained variable.

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EFEKTIVITAS DAN EFISIENSI MODAL KERJA DALAM MEMPENGARUHI PEROLEHAN RETURN ON ASSET PADA PERUSAHAAN SEMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Eqien: Jurnal Ekonomi dan Bisnis ◽

10.34308/eqien.v8i1.200 ◽

2021 ◽

Vol 8 (1) ◽

pp. 1-12

Author(s):

Alhidayatullah Alhidayatullah

Keyword(s):

Stock Exchange ◽

Hypothesis Test ◽

Coefficient Of Determination ◽

Test Results ◽

Analysis Method ◽

Working Capital ◽

Return On Assets ◽

Accounts Receivable ◽

Calculation Results ◽

Inventory Turnover

This study aims to determine cash turnover, accounts receivable turnover, inventory turnover, working capital turnover in influencing return on assets (ROA) in cement companies listed on the Indonesia Stock Exchange for the period 2016 - 2019. This study uses an explanatory analysis method with a quantitative approach, namely a research method that intends to explain the position of the variable under study and the causal relationship between one variable and another through hypothesis testing and focuses on variable problems with concepts that have value and looking for relationships between these variables. Hypothesis test results show that cash turnover to ROA is tcount -1,204 <ttable 2,365 and sig t 0,268> 0,05, turnover of accounts receivable to ROA is calculated from tcount 0.078 <ttable 2.365, and sig t 0.940> 0.05, inventory turnover at ROA where the value of t count -1.099 <t table 2.365, and sig t 0.308> 0.05, and the turnover of working capital to ROA, the calculation is t count 0.628 <t table 2.365, and sig t 0.550> 0.05, which explains that all independent variables have no significant effect on ROA. While cash turnover, accounts receivable turnover, inventory turnover, and working capital turnover together (simultaneously) do not have a significant effect on return on assets, the calculation results show Fcount 0.672 <Ftable 4.120 and the significance is 0.632> 0.05. Based on the analysis of the coefficient of determination, the effect of cash turnover, accounts receivable turnover, inventory turnover, and working capital turnover on return on assets is 27.8%, the remaining 72.2% is influenced by other factors not examined.

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Liquidity, Solvability on Profibitality: A Study on Consumption Companies Listed at Indonesian Stock Exchange

JBMI (Jurnal Bisnis, Manajemen, dan Informatika) ◽

10.26487/jbmi.v17i1.9548 ◽

2020 ◽

Vol 17 (1) ◽

pp. 69-79

Author(s):

Gracia Naibaho ◽

Francis Hutabarat

Keyword(s):

Data Analysis ◽

Stock Exchange ◽

Coefficient Of Determination ◽

Working Capital ◽

Return On Assets ◽

Descriptive Data ◽

Current Ratio ◽

Independent Variables ◽

Equity Ratio ◽

Two Independent Variables

This study aims to examine the effect of Liquidity and Solvency on Profitability. The sample of this study was 10 consumption companies consisting of four cigarette companies (WIIM, GGRM, HMSP, RMBA) and six cosmetics companies (ADES, KINO, MBTO, MRAT, TCID, UNVR). Thus the research sample was found to be 40. The research variable used one dependent variable, namely profitability using the return on assets and two independent variables, namely liquidity using inventory to net working capital and current ratio and solvency using debt to equity ratio. This research uses descriptive data analysis, coefficient of determination analysis, regression analysis and data analysis using the SPSS application. The results showed that the Current Ratio did not significantly influence profitability. Inventory to Net Working Capital has a significant effect on profitability. Debt to Equity ratio has a significant effect on profitability. And Current Ratio, Inventory to Net Working Capital simultaneously have a significant effect on the profitability (ROA) of Consumption Companies listed on the Indonesia Stock Exchange (BEI) for the 2015-2018 period. significant value0.002 <0.05

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THE EFFECT OF WORKING CAPITAL ON FIRM PERFORMANCE

JOURNAL OF APPLIED MANAGERIAL ACCOUNTING ◽

10.30871/jama.v2i2.946 ◽

2018 ◽

Vol 2 (2) ◽

pp. 232-244

Author(s):

Indah Wahyuni ◽

Seto Sulaksono Adi Wibowo

Keyword(s):

Firm Performance ◽

Stock Exchange ◽

Capital Good ◽

Working Capital ◽

Independent Variables ◽

Cash Conversion Cycle ◽

Good Working ◽

Net Profit ◽

Inventory Turnover ◽

Positive Effect

This study aims to examine the effect of working capital on firm performance. To implement the operating activities, the company should be able to manage good working capital. Good working capital management can help to enhance the firm performance in the eyes of investors. In this research, working capital is measured using working capital turnover, inventory turnover, days of supply, and cash conversion cycle as independent variables, while firm performance is measured using net profit margin as the dependent variable. The sample of this research is a manufacturing company listed in Indonesia Stock Exchange (IDX) period 2014-2016. Samples were taken by using purposive sampling and meeting the sample criteria. The anaysis technique used in this research is multiple regression analysis by using t test. The results of the study found that working capital turnover, days of supply, and cash conversion cycle negatively affect the performance of the company. While the variable of inventory turnover shows that inventory turnover has a positive effect on firm performance.

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THE EFFECTS OF WORKING CAPITAL MANAGEMENT ON THE PROFITABILITY OF NIGERIAN MANUFACTURING FIRMS

Journal of Business Economics and Management ◽

10.3846/16111699.2011.651626 ◽

2013 ◽

Vol 14 (3) ◽

pp. 520-534 ◽

Cited By ~ 10

Author(s):

Omo Aregbeyen

Keyword(s):

Stock Exchange ◽

Manufacturing Firms ◽

Capital Management ◽

Working Capital ◽

Return On Assets ◽

Working Capital Management ◽

Operating Income ◽

Cash Conversion Cycle ◽

Operating Profit ◽

Inventory Turnover

The efficiency of working capital management (WCM) has implications for firms’profitability. This paper empirically investigates the effects of WCM on the profitability of a sample of 48 large manufacturing firms quoted on the Nigerian Stock Exchange (NSE) for the period 1993 to 2005. It is aimed at filling the gaps in a previous study and contribute to expanding and enriching the literature particularly on Nigeria and at large. The analysis examined the responses of the firms’ profitability to WCM and a number of augmenting factors. Profitability was alternatively measured by gross operating profit (GOI), net operating income (NOI) and return on assets (ROA). Likewise, WCM was measured by the average collection period (ACP), average pay period (APP), inventory turnover days (ITID) and comprehensively by the cash conversion cycle (CCC). The results indicate that the firms’ have been inefficient with WCM and caused significant reductions in profitability. The paper concludes that improving the efficiency of WCM is essential and recommends that manufacturing firms in Nigeria should shorten the ACP, APP, ITID and reduce their CCCs.

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Pengaruh Perputaran Kas, Perputaran Piutang, Perputaran Persediaan dan Rasio Utang terhadap Ekuitas Terhadap Pengembalian Aset Perusahaan Plastik dan Kemasan Yang Terdaftar di Bursa Efek Indonesia Periode 2010-2017

Jurnal Ekonomi KIAT ◽

10.25299/kiat.2019.vol30(1).3881 ◽

2019 ◽

Vol 30 (1) ◽

Author(s):

Mimelientesa Irman ◽

Abel Iswara

Keyword(s):

Regression Analysis ◽

Linear Regression ◽

Multiple Linear Regression ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Financial Statement ◽

Return On Assets ◽

Inventory Turnover ◽

Positive Effect

The purpose of this study was to analyze the positive effect of Cash Turnover, Receivables Turnover, Inventory Turnover and Debt to Equtity Ratio influence to the profitability of the Plastics & Packaging companies which are listed in Indonesia Stock Exchange (IDX) in 2010-2017 periods. The sample are 9 companies which have been selected by using purposive sampling. The financial statement data has been obtained from the Indonesia Stock Exchange (IDX). The analyze using multiple linear regression analysis with the applicatin instrument of SPSS 19.0. Results showed that simultaneous Cash Turnover, Receivables Turnover, Inventory Turnover and Debt to Equtity Ratio have effects toward Return On Assets. While partialt, it was only Debt to Equtity Ratio have effect on Return On Assets. Cash Turnover, Receivables Turnover and Inventory Turnover didn’t have effect on Return On Assets.

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DETERMINASI EFISIENSI MODAL KERJA DAN LIKUIDITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN SEKTOR FARMASI YANG TERDAFTAR DI BEI

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v12i1.1508 ◽

2019 ◽

Vol 12 (1) ◽

Author(s):

Rina Dameria Napitupulu

Keyword(s):

Quantitative Research ◽

Stock Exchange ◽

Secondary Data ◽

Research Approach ◽

Working Capital ◽

Return On Assets ◽

Current Ratio ◽

Inventory Turnover ◽

Capital Efficiency

ABSTRACT: This research aims to analyze the determination of working capital efficiency and liquidity towards profitability in the pharmaceutical companies listed on the Indonesia stock exchange. Research using quantitative research approach with the method of korelasional regression. The data of the secondary data is taken from BEI. Results of the study showed: first working capital (working capital turnover) affect to profitability (return on assets), second receivable turnover affect to profitability (return on assets), third inventory turnover affect to profitability (return on assets), fourth liquidity (current ratio) do not affect positive toward profitability (return on assets). In addition the results of the analysis show the sub sectors of the pharmacy in the period 2013-2017 to have the development of profitability (return on assets) through determination of coefficients test 62.9% of known (working capital turnover, inventory turnover, receivable turnover, current ratio) while the rest of 37.1% is affected by other variables that are not included in the regression model. While partially (individual) only working capital turnover, receivable turnover Inventory turnover, the effect on profitability (return on assets). Keyword : working capital, liquidity, profitability, pharmaceutical sector ABSTRAK: Penelitian ini bertujuan untuk menganalisis determinasi dari efisiensi modal kerja dan likuiditas terhadap profitabilitas pada perusahaan farmasi yang terdaftar di Bursa Efek Indonesia. Pendekatan penelitian menggunakan penelitian kuantitatif dengan metode korelasional regresi. Data yang diambil merupakan data sekunder dari BEI. Hasil penelitian menunjukan: pertama modal kerja (working capital turnover) berpengaruh terhadap profitabilitas (return on assets), kedua piutang usaha (receivable turnover) berpengaruh terhadap profitabilitas (return on assets), ketiga persediaan (inventory turnover) berpengaruh terhadap profitabilitas (return on assets), keempat likuiditas (current ratio) tidak berpengaruh positif terhadap profitabilitas (return on assets). Selain itu hasil analisis menunjukan sub sektor farmasi pada periode 2013-2017 memiliki perkembangan profitabilitas (return on assets) melalui uji koefisien determinasi diketahui sebesar 62,9% (working capital turnover, receivable turnover, inventory turnover, current ratio) sedangkan sisanya sebesar 37,1% dipengaruhi oleh variabel lain yang tidak termasuk dalam model regresi. Sementara secara parsial (individu) hanya working capital turnover, receivable turnover, Inventory turnover yang berpengaruh terhadap profitabilitas (return on assets). Kata kunci: modal kerja, likuiditas, profitabilitas, sektor farmasi

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Pengaruh Pembiayaan Mudharabah, Murabahah dan Musyarakah terhadap Return On Assets

Jurnal Riset Manajemen dan Bisnis ◽

10.29313/jrmb.v1i1.35 ◽

2021 ◽

Vol 1 (1) ◽

pp. 16-24

Author(s):

Irvan Muhamad Rizky ◽

Azib

Keyword(s):

Research Method ◽

Quantitative Research ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Financial Statements ◽

Return On Assets ◽

Purposive Sampling ◽

Independent Variables ◽

Data Source

Abstract. Mudharabah, Murabahah and Musyarakah Against ROA on Sharia Purchases listed on the Indonesia Stock Exchange. The data in this study are quarterly financial statements at Bank Rakyat Indonesia Syariah with a purposive sampling technique and obtained research samples of 6 samples of 30 data. For the dependent variable (Y) of this study is Return On Assets (ROA). For independent variables (X) published: Murabahah, Mudharabah, and Musyarakah. The method used is a quantitative research method. For the data source is secondary data using SPSS 20.0 data processing analysis. Based on the results of multiple regression analysis, the results of this study indicate that Murabahah and Mudharabah have a positive and significant effect on Return On Assets (ROA), Musyarakah have a negative and significant effect on Return On Assets (ROA), and Inflation does not play a role on Return On Assets (ROA). Abstrak. Penelitian ini bertujuan untuk mengetahui apakah, Mudharabah, Murabahah dan Musyarakah Terhadap ROA pada Perbankan Syariah yang terdaftar di Bursa Efek Indonesia. Data dalam penelitian ini adalah laporan keuangan triwulan pada Bank Rakyat Indonesia Syariah dengan teknik purposive sampling dan diperoleh sampel penelitian sebanyak 6 sampel 30 data. Untuk variabel dependen (Y) dari penelitian ini adalah Return On Asset (ROA). Untuk variabel independen (X) meliputi: Murabahah, Mudharabah, dan Musyarakah. Metode yang digunakan adalah metode penelitian kuantitatif. Untuk sumber data adalah data sekunder dengan menggunakan analisis pengolahan data SPSS 20.0. Berdasarkan hasil analisis regresi berganda, maka hasil penelitian ini menunjukkan bahwa Murabahah dan Mudharabah berpengaruh positif dan signifikan terhadap Return On Asset (ROA), Musyarakah berpengaruh negatif dan signifikan terhadap Return On Asset (ROA), dan Inflasi tidak berpengaruh terhadap Return On Asset (ROA).

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