scholarly journals KAJIAN PENGELOLAAN MODAL KERJA PERUSAHAAN

2017 ◽  
Vol 1 (1) ◽  
pp. 31-37
Author(s):  
Sophan Syaiful
Keyword(s):  
Capital Requirements ◽  
Daily Activities ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Business Operation ◽  
Important Benefit ◽  
Close Relationship ◽  
Calculation Results ◽  
A Company

Working Capital has an important benefit for a company because it has a close relationship with the daily activities of a company. This working capital must be maintained so as not to overdo it and not lack, it will affect tehadap companies concerned. , in addition to maintaining the company's survival. The purpose of this study is to analyze the effectiveness of working capital management at CV. Mosal Graphic. The problem studied is the effective or ineffective working capital management and the hypothesis proposed is that CV. Mosal Grafika has not conducted effective working capital management in its operations. To know the effective and effective working capital management is used by using the analysis of financial ratios. The calculation results obtained based on the analysis of working capital requirements CV. The conclusion that can be taken is that CV. Mosal Grafika has not conducted effective working capital management in its business operation or it can be concluded that the researcher's hypothesis is accepted. Keywords: Working capital

scholarly journals The Impact of Working Capital Management on Profitability of Croatian Software Companies

2018 ◽  
Vol 21 (1) ◽  
pp. 47-66 ◽  
Author(s):  
Dina Korent ◽  
Silvije Orsag
Keyword(s):  
Optimal Level ◽  
Capital Management ◽  
Working Capital ◽  
Return On Assets ◽  
Working Capital Management ◽  
Macroeconomic Conditions ◽  
Software Companies ◽  
Software Firms ◽  
The Impact ◽  
A Company

Abstract The idea that working capital management impacts profitability and risk of a company is generally accepted and in last 10-15 years has acquired a substantial interest. Accordingly, from the aspect of the measure of efficiency of working capital management, the objective of this paper is to evaluate working capital management impact on profitability of Croatian software companies. This impact was examined using descriptive and correlation as well as panel regression analysis for six-year period (2008-2013). The results show that after controlling for characteristics of the company and macroeconomic conditions working capital management significantly affects the profitability of Croatian software firms. Moreover, the results imply the existence of a nonlinear, concave quadratic relationship between the net working capital and return on assets. This suggest the existence of an optimal level of net working capital that balances costs and benefits and maximizes profitability of analysed companies.

scholarly journals Management of current assets in the context of increasing the Enterprise’s Profitability

2015 ◽  
Vol 2 ◽  
pp. 27
Author(s):  
Iluta Arbidane
Keyword(s):  
Optimum Level ◽  
Regression Equations ◽  
Capital Management ◽  
Working Capital ◽  
Short Term ◽  
Working Capital Management ◽  
Essential Condition ◽  
Efficient Management ◽  
A Company ◽  
Made In

<p class="R-AbstractKeywords">In order to ensure the financial sustainability of companies under current economic conditions successful management of current assets is crucial. In practice it is quite often observed that the decisions related to current assets management in Latvian companies are made in the short-term aspects without making analysis. Efficient management of working capital is an essential condition of rise in profitability of a company.  Potentialities of working capital management in the context of efficient running of business have not been studied in Latvia up until now. The main aim of this article is to examine the effect of working capital on profitability of Latvian companies. The results of the research that has been performed in relation to Latvian enterprises confirm the existence of a correlation between components of working capital and profitability. The developed regression equations meant for forecasting profitability of a company applying working capital management methods can be used by Latvian enterprises. It follows that managers of an enterprise can forecast indexes characterizing profit, managing components of working capital and maintaining it on the optimum level</p>

scholarly journals ANALISIS OPTIMALISASI MODAL KERJA PT UNILEVER INDONESIA TBK

2021 ◽  
Vol 11 (1) ◽  
pp. 048
Author(s):  
Fera Maulina
Keyword(s):  
Raw Materials ◽  
Secondary Data ◽  
Financial Statements ◽  
Capital Requirements ◽  
Capital Management ◽  
Working Capital ◽  
Short Term ◽  
Working Capital Management ◽  
Operational Process ◽  
The Real

ABSTRACT This study aims to determine working capital requirements and optimization of working capital at PT Unilever Indonesia Tbk. The form of research used is descriptive and uses secondary data obtained from PT Unilever Indonesia Tbk's 2015-2019 financial statements and other sources obtained from literature studies by studying books and journals that are related to the problem under study. The results showed that (1) PT Unilever Indonesia Tbk's need for working capital in 2016-2019 tends to increase. When compared with the available working capital (current assets), PT Unilever Indonesia is experiencing a lack of working capital to finance the company's operations. This lack of working capital will certainly cause PT Unilever Indonesia Tbk to experience liquidity problems, which is the inability to pay short-term obligations on time. Companies will seek credit as a source of funds in order to increase the fulfillment of current assets wealth needs in order to buy raw materials and even pay for employee salaries and other expenses. (2) PT Unilever Indonesia Tbk's optimal working capital in 2015-2018 tends to increase. The real working capital that is in the company is not optimal where the real working capital is not the same as the optimal working capital obtained. Real working capital less than optimal working capital will hamper or disrupt the smooth production or operational process because the company lacks funds. Even though the existing real working capital is not optimal, the amount obtained is not much lower than the optimal working capital.  Keywords: working capital management, workong capital requirements, optimization of working capital. ABSTRAK Penelitian ini bertujuan untuk mengetahui kebutuhan modal kerja dan optimalisasi modal kerja pada PT Unilever Indonesia Tbk. Bentuk penelitian yang digunakan adalah deskriptif dan menggunakan data sekunder yang diperoleh dari laporan keuangan PT Unilever Indonesia Tbk tahun 2015-2019 dan sumber lain yang diperoleh dari studi pustaka dengan mempelajari buku dan jurnal yang berkaitan dengan masalah yang diteliti. Hasil penelitian menunjukkan bahwa (1) Kebutuhan modal kerja PT Unilever Indonesia Tbk tahun 2016-2019 cenderung meningkat. Jika dibandingkan dengan modal kerja yang tersedia (aset lancar), PT Unilever Indonesia mengalami kekurangan modal kerja untuk membiayai operasional perusahaan. Kekurangan modal kerja ini tentunya akan menyebabkan PT Unilever Indonesia Tbk mengalami kesulitan likuiditas, yaitu ketidakmampuan membayar kewajiban jangka pendek tepat waktu. Perusahaan akan mencari kredit sebagai sumber dana guna meningkatkan pemenuhan kebutuhan kekayaan aset lancar guna membeli bahan baku bahkan membayar gaji karyawan dan biaya lainnya. (2) Modal kerja optimal PT Unilever Indonesia Tbk pada 2015-2018 cenderung meningkat. Modal kerja riil yang ada di perusahaan belum optimal dimana modal kerja riil tidak sama dengan modal kerja optimal yang diperoleh. Modal kerja riil yang kurang dari modal kerja optimal akan menghambat atau mengganggu kelancaran proses produksi atau operasional karena perusahaan kekurangan dana. Meskipun modal kerja riil yang ada belum optimal, namun jumlah yang diperoleh tidak jauh lebih rendah dari modal kerja optimal. Kata kunci: pengelolaan modal kerja, kebutuhan modal kerja, optimalisasi modal kerja

Defined strategies for financial working capital management

2016 ◽  
Vol 12 (3) ◽  
pp. 277-294 ◽  
Author(s):  
Anna-Maria Talonpoika ◽  
Timo Kärri ◽  
Miia Pirttilä ◽  
Sari Monto
Keyword(s):  
Stock Exchange ◽  
Qualitative Comparative Analysis ◽  
Capital Intensity ◽  
Capital Requirements ◽  
Previous Literature ◽  
Future Research ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Content Type

Purpose – The purpose of this paper is to develop strategies for financial working capital management and to present previous literature on financial working capital management and its measures. Design/methodology/approach – Qualitative comparative analysis is used to formulate the strategies, and the variables in the analysis have been selected from previous literature. Empirical data consists of 91 companies listed in the Helsinki Stock Exchange during 2008-2012. Findings – The results indicate 11 possible strategies for financial working capital management which all aim at increasing financial working capital. There are suitable strategies for all companies independent from their profitability, capital intensity or working capital requirements. Research limitations/implications – The presented strategies have been created theoretically and have not been tested in companies, which could be done in future research. Originality/value – This study has three contributions. First, previous literature on financial working capital management is reviewed. Second, a novel measure for financial working capital is developed. Third, strategies for financial working capital management are presented.

Relationship Between Working Capital Management and Supply Chain Management

2019 ◽  
pp. 168-184 ◽  
Author(s):  
Seda Süer
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Capital Requirements ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Chain Management ◽  
Accounts Payable ◽  
Capital Financing ◽  
The Relationship

One of the firm's financial objectives is to minimize the time between making the payment for inputs and receiving payment for the outputs – the period for which working capital financing is required in the supply chain management process. In an attempt to reduce the level of working capital, a firm has to achieve some goals: to minimize cash available, reduce accounts receivables, extend its accounts payable, and shorten inventory days. To achieve these goals supply chain activities should be related with working capital requirements. The aim of this chapter is to provide an overview of the relationship between supply chain management and working capital management. A theoretical framework is proposed as an evidence to prove the relationship between supply chain activities and working capital components. Consequently, this chapter investigates how improvements on working capital components can add value to the supply chain process.

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 Capital Structure, Working Capital Management and Potential Growth of a Business: The Case of the Sri Lankan Stockbroking Industry

2019 ◽  
Vol 14 (1) ◽  
pp. 19-41
Author(s):  
Chamil W. Senarathne ◽  
◽  
Viraj Malawana ◽  
Keyword(s):  
Capital Requirements ◽  
Equity Capital ◽  
Additional Stress ◽  
Sri Lankan ◽  
Capital Management ◽  
Operating Characteristics ◽  
Working Capital ◽  
Potential Growth ◽  
Working Capital Management ◽  
Return On Equity

The objective of this paper is to examine the financial and strategic implications of regulatory restrictions for working capital management of firms operating in the stockbroking industry. The present regulatory frameworks require banks and other financial services sector firms to have more equity capital in the capital base, without regard to the financial and operating characteristics of the firms. Based on the Sri Lankan stockbroking industry, this paper shows how the return on equity deteriorates and potential growth restricted, when the regulations require firms to deduct certain assets from the capital base to meet the minimum capital requirements. The results show that the potential growth and return on equity reduce substantially after compliance with the regulation. Further, the regulation restricts a firm’s attempt to diversify the collateral portfolio in the market in order to reduce the systematic risk attached to the securities in the collateral portfolio. These regulatory restrictions also add an additional stress level to corporate management to leverage the number of times of sales (sales turnover) in order to overcome the issue, which may result in overtrading. It may also create ethical issues on soliciting clients and induce them to trade in the stock market, without proper justifications. Keywords: net capital, Basel regulation, working capital hedging, potential growth analysis, DuPont analysis, return on equity

scholarly journals ANALISIS PENGELOLAAN MODAL KERJA DAN AKTIVA TETAP TERHADAP KEMAMPULABAAN

2019 ◽  
Author(s):  
Dita Andita Oftayani ◽  
Yoyon Supriadi
Keyword(s):  
Correlation Coefficients ◽  
Fixed Capital ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Fixed Assets ◽  
Simultaneous Testing ◽  
Key Word ◽  
The Relationship ◽  
A Company

Every business has its own different goals, but in generally the success of the business is the main goals. One of the criteria to achieve the business succes is efficiency, it is shown when a company has a high profitability. The effective and efficient working capital and fixed assets management influence the level of profitability achievement in a company.The purpose of this research is to know the effect of capital to profitability, fixed capital to profitability, and the management of working capital and fixed capital to profitability in PT. Kimia Farma Tbk dan PT. Kalbe Farma Tbk. to know the effect of that three variables.And to test the significance of the effect of working capital (NWCTO) and Fixed Capital (FATO) to profitability (NPM) in both companies, the author analyzed and measured the relationship and influence between variables using regression coefficients, correlation coefficients (r) and coefficient determination (r square). Based on the results of this study concluded that partial testing shows that inPT. Kimia Farma Working Capital Management (NWCTO) has a significant influence to Fixed Capital (FATO), and Fixed Capital (FATO) has a significant impact on profitability (NPM). Simultaneous testing shows that working capital (NWCTO) and Fixed Capital (FATO) has a significant impact to profitability (NPM). Meanwhile, partial testing shows that in PT. Kalbe Farma Tbk. Working Capital Management (NWCTO) does not have a significant effect to Fixed Capital (FATO) and for Fixed Capital (FATO) does not have a significant impact on profitability (NPM). ). Simultaneous testing shows that working capital (NWCTO) and Fixed Capital (FATO) does not have a significant impact to profitability (NPM).Key word :working capital management, fixed capital, profitability.

scholarly journals Manajemen Modal Kerja Pada PD.Sahabat Mebel Di Kecamatan Pemangkat

2016 ◽  
Vol 10 (3) ◽  
pp. 466
Author(s):  
Wewen Saputra
Keyword(s):  
Quantitative Analysis ◽  
Data Collection ◽  
Capital Requirements ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Interview Techniques

This study presents a description of the working capital management is about the measurement andassessment of the level of efficiency of use of working capital is based on the concept of quantitative(gross working capital) and the projected capital requirements on PD.Sahabat Mebel. The approach taken in this study is a case study, which uses quantitative analysis. For data collection techniques used interview techniques, obsrvasi, and documentation study. The study concluded that the wisdom of PD. Furniture friend in the use of working capital is not efficient. An increase in current assets element can not increase the optimal profit, an increase of 10% in current assets elements intended to improve the return of more than 10%. Working capital turnover is still low, causing the length of time attachment to the working capital.  An increase in current assets element can not increase the optimal profit, an increase of 10% in current assets elements intended to improve the return of more than 10%. Worki ng capital turnover is still low, causing the length of time attachment to the working capital.

scholarly journals Analysis of Working Capital Management in Automotive Industry Sector Listed in Indonesia Stock Exchange

2021 ◽  
Vol 5 (1) ◽  
pp. 67-78
Author(s):  
Satriya Candra Bondan Prabowo ◽  
Rini Safitri
Keyword(s):  
Automotive Industry ◽  
Raw Materials ◽  
Stock Exchange ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Industry Sector ◽  
Collection Period ◽  
A Company

This study aims to determine the analysis of working capital management in automotive industry sector listed on the Indonesia Stock Exchange. The object of the study consisted of 12 companies included in the automotive industry sector which were listed on the Indonesia Stock Exchange from 2014 to 2018. The results showed that the average collection period, inventory collection period, average payment period, and cash conversion cycle showed fluctuating results during the study period . The less time it takes for a company to collect receivables, the more liquid a company is. While the less time needed to convert raw materials into finished goods shows good results because the inventory will not be too long in the warehouse so that it will reduce costs. The average payment period is relative for each company. That's because every company has a debt agreement with a certain period. The less time needed by the company since the raw materials purchased are paid until the trade receivables from the sale are billed, the better for the company because the faster the time needed to turn money into goods and into cash back which will increase company profits.

Sign in / Sign up

Export Citation Format

Share Document