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

A Study on Working capital Management in Hindustan Petroleum Corporation Limited

2021 ◽  
pp. 164-168
Author(s):  
Sruthi B ◽  
Rashmi R
Keyword(s):  
Annual Report ◽  
Pearson Correlation ◽  
Secondary Data ◽  
Effective Management ◽  
Capital Management ◽  
Working Capital ◽  
Short Term ◽  
Working Capital Management ◽  
The Past ◽  
The Relationship

Working capital management is important for every organization as it refers to the effective management of current assets and current liabilities. The aim is to make sure that the firm is capable to continue its operations and it has sufficient cash flow to satisfy both maturing short-term debt and upcoming operational expenses. In this paper, an attempt has been made to study the management of working capital in Hindustan Petroleum Corporation Limited, a leading public sector enterprise in India over a period of 10 years (That is from 2009-10 to 2018-19). The paper also attempts to study the components of working capital and analyze the relationship between liquidity and profitability of HPCL. The study is based on secondary data collected from annual report of HPCL for the past 10 years, Pearson correlation and regression model are used for this purpose. From the study it is found that there is a significant relationship between liquidity and profitability.

scholarly journals Working Capital Management Practices

2019 ◽  
Vol 8 (2S8) ◽  
pp. 156-161
Keyword(s):  
Management Practices ◽  
Secondary Data ◽  
Project Work ◽  
Capital Management ◽  
Working Capital ◽  
Short Term ◽  
Good Opportunity ◽  
Working Capital Management ◽  
Money Flow ◽  
The Relationship

VJ Engineers is one of the popular organizations in Chennai. Seeing the good opportunity to study financial systems and practices of VJ Engineers, it is relatively important to take up assignment on ‘WORKING CAPITAL MANAGEMENT IN VJ ENGINEERS’. During the project work, it is being analyzed the working capital position of this organization. [1],[ 3],[5] Decisions relating to working capital and short term financing are referred to as working capital management. These involve managing the relationship between a firm's short-term assets and its short-term liabilities. The goal of Working capital management is to ensure that the firm is able to continue its operations and that it has sufficient money flow to satisfy both maturing short-term debt and upcoming operational expenses.The study of working capital management is very helpful for the organisation to know its liquidity position. The study is relevant to the organization to know the day to day expenditure. This study is relevant to give an idea to utilise the current assets.This study is also relevant to the student as they can use it as a reference. This report will help in conducting further research. Other researcher can use this project as secondary data uncovering of PDA incorporation in effects on police reports.

scholarly journals Working Capital Management Policy and The Financial Performance of Food and Beverages Companies in Nigeria

2018 ◽  
Vol 2 (2) ◽  
pp. 75
Author(s):  
Yahaya Yusuf ◽  
Mohammed Sani
Keyword(s):  
Raw Materials ◽  
Stock Exchange ◽  
Secondary Data ◽  
Management Policy ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Food And Beverages ◽  
Food And Beverage ◽  
The Relationship

This study is set to examine the relationship between working capital management policy and profitability of quoted food and beverages companies in Nigeria. The population comprises a sample of ten (10) food and beverage companies quoted on the Nigerian Stock Exchange. The study used secondary data for a period of ten (10) years (2005-2014) and was analyzed using descriptive and inferential statistics with the aid of Stata version 13. Two research hypotheses were formulated and tested. It was found that, there is no significant relationship between receivable collection period (RCP) policy and profitability of quoted food and beverage companies in Nigeria. However, it was recommended that the management should identify the level of inventory which allows for uninterrupted production but reduces the investment in raw materials and minimizes reordering cost and hence increases profitability. The management should reduce their RCP from 53 days on the average to at most 30 days by instituting adequate control and flexible credit policy.

scholarly journals ANALISIS PENGARUH MANAJEMEN MODAL KERJA, PERTUMBUHAN PENJUALAN DAN KEBIJAKAN HUTANG TERHADAP PROFITABILITAS PERUSAHAAN

2020 ◽  
Vol 4 (2) ◽  
pp. 299-309
Author(s):  
Afriyanti Hasanah
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Sales Growth ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Testing Method ◽  
Total Observation

This study aims to examine the effect of working capital management, sales growth and leverage on profitability. This study uses secondary data with data collection techniques using the annual financial statements of property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the period 2013-2017. Through the purposive sampling method, 20 companies have met the criteria of a total population of 61 companies, so that the total observation for 5 years is 100 samples. The testing method in this study uses multiple regression analysis with panel data. The results of this study indicate that working capital management does not have an effect on profitability, sales growth variable has an influence on profitability, and leverage variables show no influence on profitability.  

scholarly journals IMPLIKASI EFISIENSI MODAL KERJA TERHADAP PROFITABILITAS

2019 ◽  
Vol 3 (1) ◽  
pp. 82
Author(s):  
Andi Riyanto ◽  
Galih Raspati ◽  
Yuri Rahayu ◽  
Dicki Prayudi
Keyword(s):  
Statistical Tests ◽  
Secondary Data ◽  
Financial Statements ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Capital Efficiency

Profitabilitas dalam pengelolaan modal kerja perusahaan merupakan hal yang sangat penting, karena bagaimanapun tujuan setiap kegiatan perusahaan adalah untuk memperoleh laba, dan salah satu cara untuk memperoleh kenaikan laba yang signifikan adalah dengan meningkatkan efisiensi penggunaan dana perusahaan melalui pengelolaan modal kerja. Akan tetapi laba yang tinggi belumlah merupakan ukuran bahwa perusahaan itu telah dapat bekerja dengan efisien. Tujuan penelitian untuk mengetahui  implikasi efisiensi modal kerja terhadap tingkat profitabilitas pada PT. Agronesia Saripetojo Sukabumi dengan cara mengolah data sekunder berupa Laporan Keuangan perusahaan periode 2013 – 2017. Metode yang digunakan dalam penelitian ini adalah expose facto, uji statistik digunakan dengan melakukan pembuktian terhadap hipotesis. Hasil penelitian membuktikan efisiensi modal kerja berimplikasi signifikan terhadap profitabilitas. Profitability in managing company working capital is very important, because after all the purpose of each company's activities is to make a profit, and one way to obtain a significant increase in profits is to increase the efficiency of using company funds through working capital management. However, high profits are not yet a measure that the company has been able to work efficiently. The purpose of this study was to determine the implications of working capital efficiency on the level of profitability at PT. Agronesia Saripetojo Sukabumi by processing secondary data in the form of corporate financial statements for the period 2013-2017. The method used in this study is expose facto, statistical tests are used by proving hypotheses. The results of the study prove the efficiency of working capital has significant implications for profitability.

How does working capital management affect the profitability of Vietnamese small- and medium-sized enterprises?

2017 ◽  
Vol 24 (1) ◽  
pp. 2-11 ◽  
Author(s):  
Hien Tran ◽  
Malcolm Abbott ◽  
Chee Jin Yap
Keyword(s):  
Global Economy ◽  
Capital Investment ◽  
Raw Materials ◽  
Optimal Level ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Content Type ◽  
Accounts Receivable ◽  
Accounts Payable

Purpose Well-designed and implemented working capital management (WCM) will encourage positive returns for a business and establish the firm’s value, while ineffective management will undoubtedly lead to failure of the enterprise. The paper aims to discuss these issues. Design/methodology/approach In business, fixed capital and working capital are the two main forms of capital used. The current assets used in the business as working capital for day-to-day operations include raw materials, work in progress, finished goods, bills receivable, cash and bank balance. This paper analyses the relationship between WCM and profitability in Vietnamese small- and medium-sized enterprises (SMEs) after integration into the global economy. Findings The results suggest that SME owner-managers can increase their firm’s profitability by reducing the number of days of accounts receivable, accounts inventories and accounts payable to an optimal minimum. In addition, a robustness check of this study indicates that high profitability will be achieved, with an optimal level of working capital investment in accounts inventories, accounts receivable and accounts payable. Originality/value No work of this sort has been applied to Vietnamese circumstances. It is also rare in SE Asia more generally.

scholarly journals Analisis Rasio Modal Kerja Pada PT. Bank BNI Tbk

2019 ◽  
Vol 9 (2) ◽  
pp. 52
Author(s):  
Laurens D. Lumantow ◽  
Dolina L. Tampi ◽  
Joula J. Rogahang
Keyword(s):  
Secondary Data ◽  
Financial Statements ◽  
Capital Adequacy ◽  
Working Capital ◽  
Short Term ◽  
Turnover Ratio ◽  
Capital Adequacy Ratio ◽  
Analytical Tools

This research aims to analyze and find out how working capital adequacy ratio. This research was conducted at the PT. Bank BNI Tbk. The methods used in this research is descriptive quantitative and analytical tools used are Working capital adequacy Ratio which consists of three types of ratios i.e. ratio of Total Assets to capital The work is clean, current liabilities against the Net working capital and working capital Turnover. The data used are secondary data from the financial statements of PT Bank BNI Tbk. Results of the study explained that the calculation of the ratio of Total Assets Against Net working capital in the year 2015 to 2017. And the results of calculation of the ratio of current liabilities against the Net working capital in the year 2015 to 2017. And the results of the calculation of working capital Turnover Ratio by the year 2015 to 2017 is also quite good. The results of the analysis of the work on capital adequacy ratio of the company will give an overview of how companies can manage the capital works. We suggest PT Bank BNI Tbk. can use working capital optimally. So the company could cover the liabilities are short-term and the company was able to produce profits every year.

scholarly journals Working Capital Management (WCM) and Firm Performance in Emerging Markets: A Case of Bangladesh

2021 ◽  
Vol 10 (1) ◽  
pp. 36
Author(s):  
Rafiqul Bhuyan ◽  
Mohammad Sogir Hossain Khandoker ◽  
Noshin Tasneem ◽  
Mahjuja Taznin
Keyword(s):  
Stock Exchange ◽  
Secondary Data ◽  
Total Asset ◽  
Capital Management ◽  
Working Capital ◽  
Return On Assets ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Current Asset ◽  
The Impact

We examine the impact of efficient working capital management on market value and profitability. Using secondary data on selected firms from Dhaka Stock Exchange we explore the effects of various working capital components (i.e. cash conversion cycle (CCC), current ratio (CR), current asset to total asset ratio (CATAR), current liabilities to total asset ratio (CLTAR), debt to asset ratio (DTAR), siz,e and growth) to the firm’s performance by looking firm’s value i.e. Tobin’s Q (TQ) and profitability i.e. return on asset (ROA) and return on invested capital (ROIC). Our results show that, for both food and overall manufacturing sectors, there is a significant association between working capital variables and firm’s value & return on assets, but an insignificant association with return on invested capital.

scholarly journals Working Capital Management in Ancillary’s of BHEL, Tiruchirappalli, Tamil Nadu

2018 ◽  
Vol 7 (3) ◽  
pp. 14-17
Author(s):  
D. Muthusamy ◽  
M. Sathish Kumar
Keyword(s):  
Tamil Nadu ◽  
Raw Materials ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Book Value ◽  
Current Asset ◽  
Time Gap ◽  
The Difference

The amount of profit largely depends on the magnitude of sales. However sales do not converted into cash instantaneously in this concern. There is always a time gap between the sales of goods and receipt of cash. Working capital is required for this period in order to sustain the conversion activity. In case adequate working capital is not available for the period, the company will not be in a position to sustain the sales since it may not be in a position to purchase raw materials, payment of wages and other operating expenses that required for manufacturing the goods that to be sold. It is a descriptive that capital which is to consider the difference between book value of current asset and current liabilities. This study has to analysis the working capital management in ancillary units of BHEL.

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