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1
Rahayu, Ketut Eny, C. Ardina, and M. Sumartana. "Analysis of Uncollectible Receivables and Their Impact on Profitability at The Legian Bali." Journal of Applied Sciences in Accounting, Finance and Tax 3, no. 2 (October 30, 2020): 152–57. http://dx.doi.org/10.31940/jasafint.v3i2.2144.
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The application of a credit system is one strategy that could be used by a company to increase sales. Sales made on credit will automatically increase account receivable and if accounts receivable not appropriately managed, it can become uncollectible accounts. This study aims to determine the condition of uncollectible accounts and their impact on profitability at The Legian Bali. The data used in this research are credit sales, account receivable aging schedule, accounts receivable policy data, and profit/loss data. The data collected by conducting interviews, documentation and observation. The analysis technique used descriptive/qualitative analysis techniques using financial ratio formulas. The results of this study indicate the number of account receivables that are due and not yet collected is still relatively large. The large number of uncollectible accounts results in less turnover of accounts receivable into cash and this causes the average collection days for accounts to be longer. The longer time for collecting accounts receivable will produce a higher risk of bad debts due to the increasing number of outstanding accounts receivable and lowering the hotel receivables collection ratio. In 2017, 2018, and 2019 the arrears ratio calculation results are 8%, 12%, and 11%. Meanwhile, the results of the calculation of the billing ratio in 2017, 2018, and 2019 are 92%, 88% and 89%. The existence of uncollectible accounts which is quite large from year to year has a bad effect on profitability because of the inefficient collection of accounts receivable by hotels which causes the capital invested in receivables to be higher.
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Pratama, I. Wayan Yoga Mila, I. Dewa Made Mahayana, and I. M. S. A. Jaya. "The Effect of Cash Turnover and Accounts Receivable Turnover on Profitability of Food and Beverage Companies on the IDX." Journal of Applied Sciences in Accounting, Finance, and Tax 4, no. 2 (October 13, 2021): 137–42. http://dx.doi.org/10.31940/jasafint.v4i2.137-142.
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This research was conducted because of the discrepancy between the theory of cash turnover, receivables turnover and profitability with the existing conditions in food and beverage companies on the IDX in 2016-2020. The purpose of this study was to determine the effect of partially and simultaneously cash turnover, accounts receivable turnover on profitability. The independent variables in this study are cash turnover and receivables turnover, the dependent variable in this study is profitability as measured by Return On Assets (ROA). The results show that there is a positive and significant effect between cash turnover on company profitability, then there is no effect There is a significant relationship between accounts receivable turnover on profitability and there is a positive and significant effect between cash turnover and accounts receivable turnover simultaneously on the company's profitability.
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Manurung, Amran. "PENGARUH PENJUALAN DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS (Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2017-2019)." Visi Sosial Humaniora 2, no. 1 (June 28, 2021): 99–115. http://dx.doi.org/10.51622/vsh.v2i1.375.
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This study aims to know the effect of sales and account receivables turnover on profitability in manufacturing companies in the consumer goods and industrial sector listed on Indonesian stock exchange for 2017-2019 period. The independent variables in the study are sales and accounts receivable turnover. The dependent variable was profitability. The sample in this study was manufacturing companies in the consumer goods and industrial sector listed on the Indonesian stock exchange from 2017-2019, namely 27 companies. They were taken by purposive sampling technique and 81 datawere taken. The method in analyzing data by using multiple linear regression. The results of the study showed that the influence of sales did not have effect on profitability, while the influence of account receivables turnover have significant effect on profitability. Simultaneously the influence of sales and accounts receivable turnover has significant effect on profitability.
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Supriadi, H., W. P. Sapta, and Hj Aslichah. "PENGARUH PERPUTARAN KAS DAN PERPUTARAN PIUTANG TERHADAP RENTABILITAS EKONOMI." eBA Journal: Journal Economics, Bussines and Accounting 4, no. 1 (February 25, 2018): 39–47. http://dx.doi.org/10.32492/eba.v4i1.619.
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This study aims to identify and analyze the influence of cash turnover and accounts receivable turnover simultaneously, identify and analyze the effect of cash turnover and accounts receivable turnover of the economic profitability partially, and determine the dominant factor affecting the economic profitability. This research was conducted in cooperation with the reason that the Cooperative is a service company and trade. This research was conducted quantitative descriptive approach. The data collection is done by means of documentation and interviews were unstructured. The data used are secondary data derived from study subjects. The analytical method used is multiple linear regression with Ordinary Least Square method. The findings of this study include are: a significant difference between cash turnover and accounts receivable turnover of the economic profitability simultaneously. a significant difference between the cash turnover receivables turnover against economic profitability partially. Receivables turnover is a dominant factor affecting the economic profitability.
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Efriyenty, Dian. "ANALYSIS OF DEBT SHORT TERM AND RECEIVABLE TURNOVER ON THE PROFITABILITY OF MANUFACTURING COMPANIES." Khazanah Multidisiplin 1, no. 2 (November 30, 2020): 175–82. http://dx.doi.org/10.15575/km.v1i2.10343.
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ABSTRACTBased on the survey results for the last 3 years, data on food companies and the minimum turnover of accounts receivable and debt has increased and this has an impact on taking profits in the form of assets. These things can have an impact on the investment invested in shareholders. The purpose of this study is to assess the effect of short-term debt and accounts receivable turnover on asset returns. The samples in this study were 8 companies in the 2015-2019 period. The results of t-test analysis partially show that short-term debt does not have a significant effect on profitability, receivables turnover has a significant effect on profitability. Keywords: short-term debt, accounts receivable turnover, profitability
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Wahyuni, Dwi, and Ni'mah Ni'mah. "Analisis Investasi dalam Piutang dan Pengaruhnya Terhadap Rentabilitas Pada PT Bank Pembiayaan Rakyat Syariah Lantabur Jombang." Business and Accounting Education Journal 2, no. 1 (April 30, 2021): 1–9. http://dx.doi.org/10.15294/baej.v2i1.45097.
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This study aims to examine the effect of the investment variable in accounts receivable on profitability at PT. BPRS LantaburJombang. This researcher used quantitative descriptive methods by analyzing the effect of investment in receivables on profitability at PT. BPRS LantaburJombang 2017-2020. Methods of data collection using documentation and interviews. The statistical analysis model used is the simple linear regression model statistical test and the F-test. Based on the analysis of the results above, it shows that the effect of investment in accounts receivable on profitability is very small.
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Ratnasari, Dwi Putri, and Wayan Cipta. "Pengaruh Perputaran Kas dan Perputaran Piutang Terhadap Profitabilitas Pada Perusahaan Sub Sektor Perkebunan di BEI." Jurnal Akuntansi Profesi 12, no. 1 (June 30, 2021): 185. http://dx.doi.org/10.23887/jap.v12i1.31658.
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This study aims to examine the effect of (1) cash turnover and accounts receivable turnover on profitability, (2) cash turnover on profitability, (3) accounts receivable turnover on profitability in plantation sub-sector companies. The research design used is causal quantitative. The research subjects were plantation sub-sector companies listed on the Indonesia Stock Exchange and the objects were cash turnover, accounts receivable turnover, and profitability. Data were collected by documents recording, and analyzed by multiple linear regression analysis. The results showed that (1) cash turnover and accounts receivable turnover had a significant effect on profitability, (2) cash turnover has a positive and significant effect on profitability, (3) accounts receivable turnover has a positive and significant effect on profitability, this means that overall the size of the company's profitability is influenced by cash turnover and accounts receivable turnover.
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Marlini, Wenny, and Mega Widya Utami. "ANALISIS PERPUTARAN PIUTANG, PIUTANG RATA-RATA DAN RASIO PIUTANG ATAS PENDAPATAN TERHADAP PROFITABILITAS PADA PDAM TIRTA BUMI SENTOSA KABUPATEN KEBUMEN." Jurnal E-Bis (Ekonomi-Bisnis) 3, no. 1 (June 7, 2019): 84–95. http://dx.doi.org/10.37339/e-bis.v3i2.122.
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To determine the effectiveness of the management of accounts receivable, one of them by looking at the management of accounts receivable that is by calculating receivables turnover, average accounts receivable and the ratio of revenue. The calculation aims to determine how the performance of its receivables management.
PDAM to manage accounts still less than optimal seen from the accounts receivable turnover decreased means that the longer the company's capital back into cash, average accounts receivable increase means the greater the greater the age of accounts receivable collectibility of accounts receivable and ratio of receivables from increased revenues and reduced income when receivables increase.
The solution is to give the author PDAM must control receivables and anticipate the existence of doubtful receivables, then the company needs to provide policies in collection of accounts receivable which the company hopes that customers deposit the payment on time.
Results calculation accounts receivable turnover in 2012 was amounted to 5,7 times, and in 2013 was amounted to 5.3 times the mean decreases, average accounts receivable in 2012 was amounted 63 days and in 2013 was amounted to 69 days means increased, and the ratio of receivables on income in 2012 was amounted to 0.1744% and in 2013 was amounted to 0.1888% mean increase. Receivables increased revenue decreased. Results of analysis of receivables turnover PDAM Tirta Bumi Sentosa Kabupaten Kebumen not good, average receivables including unfavorable, and the ratio of receivables on income analysis results are less good too. It can be concluded that the receivables on PDAM Tirta Bumi Sentosa Kabupaten Kebumen not good.
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Firmansyah, Deri, Asep Suryana, Dwinanto Priyo Susetyo, and Ratna Mandasari. "Kontribusi perputaran kas dan perputaran piutang terhadap profitabilitas pada PD. BPR Kota Sukabumi periode tahun 2011 – 2017." Jurnal Akuntansi, Keuangan, dan Manajemen 2, no. 2 (March 25, 2021): 151–63. http://dx.doi.org/10.35912/jakman.v2i2.155.
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Purpose: This study aimed to determine the contribution of the influence of Cash Turnover and Accounts Receivable Turnover to profitability either partially or simultaneously in PD. Bank Perkreditan (BPR) Sukabumi City. Research methodology: The data sample used financial reports for 7 years from 2011 - 2017 or n = 28 quarterly report data using a purposive sampling technique. Statistical analysis using t-test and F-test using the EViews 10.0 program. Results: It is found that cash-turnover and accounts receivable turnover positively and significantly impact profitability. This means that together with the independent variables (cash-turnover and accounts receivable turnover affect the dependent variable (profitability). Limitations: The limitation and focus of research studies are limited to analyzing the contribution of cash turnover and accounts receivable turnover followed by its implications for ROA. Contribution: This study's results can be taken into consideration in banking financial reports to pay more attention to cash turnover and accounts receivable turnover in an effort to increase bank profitability. Keywords: Cash turnover, Receivable turnover, Return on Assets How to cite: Firmansyah, D., Suryana, A., Susetyo, D. P., & Mandasari, R. (2021). Kontribusi perputaran kas dan perputaran piutang terhadap profitabilitas pada PD. BPR Kota Sukabumi periode tahun 2011 – 2017. Jurnal Akuntansi, Keuangan, Dan Manajemen, 2(2), 151-163.
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Anna Eka Gustriyana and Nunung Nurhasanah. "PENGARUH PERPUTARAN KAS, PERPUTARAN PIUTANG DAN PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS (RETURN ON ASSET) (STUDI PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012 – 2017)." BUANA ILMU 4, no. 2 (May 1, 2020): 44–57. http://dx.doi.org/10.36805/bi.v4i2.1048.
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This study aims to examine the factors (Cash Turnover, Account Receivable Turnover dan InventoryTurnover to profitability ROA Study In Company Property and Real Estate Listed on the IndonesiaStock Exchange) that influence profitability of property and real estate companies listed on theIndonesia Stock Exchange. The results of the study show that variable Cash Turnover has partiallysignificant effect to profitability (Return On Asset), Variable Account Receivable Turnover haspartially significant not effect to profitability ROA and variable Inventory Turnover has partiallysignificant not effect to profitability ROA. Simultaneously variable cash turnover, accountsreceivable turnover, and inventory turnover have a significant effect on profitability ROA.Key WordS: Profitability, ROA, Cash Turnover, Accounts Receivable Turnover, Inventory Turnover
Penelitian ini bertujuan untuk menguji faktor-faktor yang mempengaruhi profitabilitas perusahaanproperty dan real estate yang terdaftar di BEI. Faktor- faktor tersebut adalah perputaran kas,perputaran piutang dan perputaran persediaan terhadap profitabilitas ROA perusahaan property danreal estate yang terdaftar di BEI. Hasil penelitian menunjukan bahwa variabel Perputaran Kasberpengaruh signifikan terhadap Profitabilitas ROA, Perputaran Piutang tidak berpengaruh terhadapProfitabilitas ROA dan Perputaran Persediaan tidak berpengaruh terhadap Profitabilitas ROA Secarasimultan menunjukan bahwa Perputaran Kas, Perputaran Piutang dan PerputaranKata Kunci: profitabilitas, ROA, Perputaran Kas, Perputaran Piutang, Perputaran Persediaan
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Wardana, Wisnu, Jubi Jubi, Ady Inrawan, and Musa Fernando Silaen. "PENGARUH PERPUTARAN KAS, PERPUTARAN PIUTANG DAN PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS PADA PERUSAHAAN SUB SEKTOR OTOMOTIF DAN KOMPONEN YANG TERDAFTAR DI BURSA EFEK INDONESIA." FINANCIAL: JURNAL AKUNTANSI 5, no. 1 (September 12, 2019): 66–73. http://dx.doi.org/10.37403/financial.v5i1.94.
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The results of this study can be summarized as follows, the average CTO tends to decrease, the average RTO tends to increase, the average ITO tends to decrease and the average ROA tends to decrease. The results of testing multiple linear regression are known that Cash Turnover and Inventory Turnover have a positive effect while Accounts Receivable has a negative effect on profitability in Automotive and Component Sub-Sector Companies listed on the Indonesia Stock Exchange. The correlation coefficient test results have a low relationship between Cash Turnover, Accounts Receivable Turnover and Inventory Turnover with profitability. While the coefficient of determination (R Square) states profitability is influenced by Cash Turnover, Accounts Receivable Turnover and Inventory Turnover. Cash Turnover, Receivable Turnover and Inventory Turnover have no significant effect on profitability partially. Cash Turnover, Receivable Turnover and Inventory Turnover have no significant effect on profitability simultaneously The suggestions for company in this research is that companies should optimize asset management, companies should maintain and improve cash turnover, accounts receivable turnover and inventory turnover in order to increase company profits Keywords: Cash Turnover, Receivable Turnover, Inventory Turnover and Profitability
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Wahyuni, Ika, and Lusiana Tulhusnah. "PENGARUH PERPUTARAN PIUTANG, PERPUTARAN KAS DAN PERTUMBUHAN PENJUALAN TERHADAP PROFITABILITAS PADA PERUSAHAAN TEKSTIL DAN GARMENT YANG TERDAFTAR DI BEI PERIODE 2014-2018." Growth 18, no. 2 (March 11, 2022): 163. http://dx.doi.org/10.36841/growth-journal.v18i2.1593.
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This study aims (1) to determine the effect of accounts receivable turnover, cash turnover, and sales growth which have a partial effect on profitability (2) to determine the effect of accounts receivable turnover, cash turnover, and sales growth simultaneously on profitability (3) to determine between turnover. accounts receivable, cash turnover, and sales growth which have the most dominant influence on profitability. The method used in this research is quantitative method. The result of this research is multiple linear regression equation Y = 0.025 - 0.003 X1 + 0.000 X2 + 0.225 X3 + e. Accounts receivable turnover partially has no significant effect with a value of -0.680, of -2.028, cash turnover has no significant effect with a value of -1.559, of -2.028, sales growth has a significant positive effect with a value of 3.368, amounting to 2.028. Simultaneously, accounts receivable turnover, cash turnover and sales growth have an effect on profitability with a value of 4.744, amounting to 2.87. The variable with the most dominant influence in this study is sales growth with a value of 3.368.
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Yanah, Yanah. "Pengaruh Tingkat Perputaran Kas Terhadap Profitabilitas Pada Koperasi Pegawai Republik Indonesia (KPRI) Sumber Makmur." Exchall: Economic Challenge 1, no. 2 (January 20, 2021): 28–46. http://dx.doi.org/10.47685/exchall.v1i2.94.
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Turnover Cash, receivables and inventories as working capital components can affect the short length of time dependent on working capital fund that will ultimately affect the level of profitability achieved. The higher the turnover rate of cash, accounts receivable and inventory indicating the shorter the time dependent capital in the working capital component. This shows the efficiency in the use of capital that would raise the level of profitability achieved KPRI Sumber Makmur.
Issues examined in this study were: (1). Is there any influence of cash turnover, accounts receivable and inventories to profitability on Employee Cooperative Republic of Indonesia (KPRI) Sumber Makmur 2002-2004?, (2). How much influence the rate of turnover of cash, receivables and inventories to profitability on Employee Cooperative Republic of Indonesia (KPRI) Sumber Makmur 2002-2004? This study aims to: (1). To determine whether there is influence of the rate of turnover of cash, receivables and inventories to profitability on Employee Cooperative Republic of Indonesia (KPRI) Sumber Makmur years 2002- 2004, and (2). To find out How much influence the rate of turnover of cash, receivables and inventories to profitability on Employee Cooperative Republic of Indonesia (KPRI) Sumber Makmur 2002-2004.
The population in this study is KPRI Sumber Makmur years 2002- 2004 which amounted to 46 cooperatives. The sampling technique used was purposive sampling (samples intended). The sample in this study is in the form KPRI Financial Statements Balance Sheet and SHU of twelve (12) KPRI Sumber Makmur for three (3) years ie from 2002 to 2004, so that the sample was 36. There are two variables that were examined in this study, namely: (1). Cash Turnover (X) and (2). Profitability Economy (Y). Data collection tool used in this study is documentation. Analysis of data using multiple linear regression analysis.
The results showed that the rate of turnover of cash, accounts receivable and inventory significantly affect the economic profitability KPRI Sumber Makmur amounted to 76.9%. Variable X partially and simultaneously influence the variable Y. Suggestions to convey to the board and managers should KPRI Sumber Makmur is efficiently manage cash sales, both sales of goods and services to members by improving services and providing goods which vary according to the needs and tastes of consumers, the executives and managers KPRI Sumber Makmur should further pursue lending in the short term so that receivables can return within one period. And for the next researcher to pay attention to other factors that may affect the economic profitability.
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Triyono, Aris. "PENGARUH PERPUTARAN PIUTANG DAN HUTANG TERHADAP RENTABILITAS EKONOMI PADA KOPERASI UNIT DESA (KUD) MEKAR ABADI DESA TASIK JUANG KECAMATAN LUBUK BATU JAYA." Jurnal Manajemen dan Bisnis 7, no. 4 (December 30, 2018): 144–54. http://dx.doi.org/10.34006/jmbi.v7i4.110.
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This research was conducted at KUD Mekar Abadi Village Tasik Juang, Lubuk Batu Jaya District. The purpose of this study is to determine the effect of accounts receivable and debt turnover on economic profitability at Kekar Mekar Abadi Village Tasik Juang, Lubuk Batu Jaya District. The research was conducted with quantitative methods, namely research describing the effect of accounts receivable and debt turnover on economic profitability at KUD Mekar Abadi Village Tasik Juang, Lubuk Batu Jaya District. By analyzing the data using multiple regression, correlation coefficients, and hypothesis testing which will later be assisted by using SPSS version 21. From the results of this study shows that the accounts receivable turnover has a significant effect on economic profitability, and debt diesn’t have a significant effect on economic profitability.
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Yanti, Yanti, and Mumun Maemunah. "Pengaruh Perputaran Piutang dan Perputaran Persediaan terhadap Profitabilitas (Studi Empiris pada Perusahaan Sektor Industri Barang Konsumsi yang Terdaftar di BEI Periode 2015-2018)." Akuisisi: Jurnal Akuntansi 16, no. 1 (June 12, 2020): 39–43. http://dx.doi.org/10.24127/akuisisi.v16i1.448.
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The aim of this study is to determine the accounts receivable turnover rate and inventory turnover have an influence on profitability both partially and simultaneously in a company. The object of this study is a consumer goods industry sector manufacturing company that listed on Indonesia Stock Exchange in the period 2015-2017. The type of data in this study is quantitative data. The source of the data in this study is secondary data, in the form of financial report data (balance sheet and income statement) related to variable in this study. The results of this study indicates that accounts receivable turnover has an affect on profitability. While inventory turnover does not affect on profitability. The results of the study simultaneously indicates that accounts receivable turnover and inventory turnover influence together on profitability.
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Louis, Wilson, and Rosemarie Sutjiati. "ANALISIS KINERJA KEUANGAN PERUSAHAAN PT. BUKIT ASAM (PERSERO) TBK TANJUNG ENIM TAHUN 2015-2019." ANALISIS 12, no. 1 (March 31, 2022): 46–59. http://dx.doi.org/10.37478/als.v12i1.875.
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This research was conducted to determine PT. Bukit Asam Tbk. Tanjung Enim financial performance from 2015 to 2019 using financial ratio analysis. The company’s financial ratio will be viewed from many sides using several ratios such as liquidity, profitability, solvability, activity and market ratio. Method that’s used for this research is descriptive method and data collecting method that’s used is documentation of the company’s financial performance from 2015-2019 periods. The analysis result shows that for financial performance of PT. Bukit Asam Tbk. Tanjung Enim indicates good profitability, liquidity, solvency ratios as well as good market ratios, while the activity ratios consisting of accounts receivable turnover ratio, average age of accounts receivable, inventory turnover, average number of days inventory turnover in stock and the turnover of total assets is not enough therefore company management needs to improve the ability to manage its assets, inventories and receivables
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Akinlo, Olayinka Olufisayo. "Effect of Working Capital on Profitability of Selected Quoted Firms in Nigeria." Global Business Review 13, no. 3 (October 2012): 367–81. http://dx.doi.org/10.1177/097215091201300301.
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The article examines the relation between working capital management and profitability for a sample of 66 Nigerian non-financial firms for the period 1997–2007. Trade credit policy and inventory policy are measured by number of days accounts receivable, accounts payable and inventories; and the cash conversion cycle (CCC) is used as a comprehensive measure of working capital management. The results suggest that firm’s profitability is reduced by lengthening the number of days accounts receivable, number of days of inventory and number of days accounts payable. The result shows that shortening the CCC improves the profitability of the firms.
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Nuriyani, Nuriyani, and Rachma Zannati. "PENGARUH PERPUTARAN KAS DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS PERUSAHAAN SUB-SEKTOR FOOD AND BEVERAGES TAHUN 2012-2016." Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT 2, no. 3 (October 31, 2017): 425–32. http://dx.doi.org/10.36226/jrmb.v2i3.77.
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The objective of this research is to determine the effect of cash turnover and receivable turnover to profitability (ROA). Data used in this study were secondary data from financial statements in Indonesia Stock Exchange in the year of 2012 to 2016 of a food and beverage manufacturing company. Independent variables in this research are cash turnover and receivable turnover, while the dependent variable in this study is profitability. The analysis method used is multiple linear regression, determination coefficient test (R2), F test and T-test. The result of these analyses showed that profitability was influenced simultaneously by cash turnover and receivable turnover. While on partial analysis showed only cash has significant influence to profitability.
Keywords: Cash Turnover, Accounts Receivable Turnover, Profitability
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Suraya, Amthy. "The Influence of Accounts Receivable Turnover and Inventory Turnover on Profitability at PT Sumber Alfaria Trijaya Tbk." PINISI Discretion Review 2, no. 1 (September 25, 2018): 77. http://dx.doi.org/10.26858/pdr.v2i1.13246.
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The sales process at a distribution or retail company cannot be separated from the influence of the inventory held by the company. This study aims to analyze the effect of Accounts Receivable Turnover and Inventory Turnover on Return on Assets (ROA) of the company. The data used in this study are secondary data sourced from financial data on the Indonesia Stock Exchange contained in the company's financial statements. This research was conducted at PT Sumber Alfaria Trijaya Tbk in the period 2011-2017. The statistical analysis used in this study is the classic assumption test, multiple linear regression, coefficient of determination, and hypothesis testing using the t-test and f test. Partially (t-test) obtained receivables turnover (X1) has no effect but is not significant on Return on Assets (ROA), while inventory turnover (X2) has an effect but not significantly on Return on Assets (ROA) (Y). Simultaneously (test f) obtained Receivables Turnover (X1) and inventory turnover (X2) have a significant effect on Return On Assets (ROA). Based on the results of R2 the independent variable Accounts receivable turnover and inventory turnover have an effect of 80.1% on the dependent variable that is Return on Assets (ROA), while the remaining 19.9%, is influenced by other variables not examined in the study.
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Mittal, Sangeeta, and Monika. "Accounts Receivable: Payable Impact on Each Other with Special Reference to Financial Performance—A Study of Small Cap Companies." SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies 47, no. 4 (December 2020): 362–73. http://dx.doi.org/10.1177/09708464211055532.
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Trade credit is important as a funding source for companies having a liquidity shortage. Trade credit comprises of both accounts receivable and payable. The financial literature has discussed the impact of accounts receivable or payable on a company’s financial performance. However, there is a lack of studies on the effects of accounts receivable and payable on each other and further its effect on the financial performance of small-cap companies. Financial performance is determined using the profitability and value of the company. The researchers examined the financial performance implications of offering and receiving trade credit for a sample of 193 BSE small-cap manufacturing companies in India during the period 2011–2019. Granger causality test, Levin, Lin and Chu Unit root test, correlation and regression have been used for data analysis. The finding suggested that accounts receivable influenced the use of accounts payable. The aftermath of accounts payables is that it negatively and significantly affected the profitability and had an insignificant relationship with the value of the company. The result implies that effective management of accounts receivable can influence the application of accounts payable that improves a company’s profits and value. The current study is useful for SMEs’ managers in determining the financial performance and capital structure.
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Adiyanto, Ricky, Werner Ria Murhadi, and Liliana Inggrit Wijaya. "Working Capital Management dan Firm Profitability Perusahaan Sektor Manufaktur di Bursa Efek Indonesia dan Bursa Efek Filipina Periode 2014-2018." Journal of Entrepreneurship & Business 1, no. 1 (March 17, 2020): 31–42. http://dx.doi.org/10.24123/jerb.v1i1.2822.
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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
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L. Rajagukguk, S. Dini, S. Silalahi, E. Marpaung, D. S. Sihombing,. "Pengaruh Perputaran Kas, Persediaan, Piutang, Modal Kerja Terhadap Profitabilitas Perusahaan." Jurnal Ekonomi 25, no. 2 (July 8, 2020): 270. http://dx.doi.org/10.24912/je.v25i2.670.
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The purpose of this study is to determine the effect of Cash Turnover, Inventory Turnover, Receivable Turnover, and Working Capital Turnover on Profitability in Consumers Manufacturing Industry Manufacturing Companies Listed on the Indonesia Stock Exchange in 2015-2017. The research method used quantitative approach, the type of descriptive research and its cumulative causal nature. The research population was 50 companies and the sample was 14 companies with a purposive sampling technique. Data collection techniques by means of documentation and sources of IDX financial statements. This study uses multiple linear regression test before testing the data hypothesis and tested using the classic assumption test. The results of the analysis of the coefficient of determination obtained R Square value of 0.152, which means the variance of the profitability variable that can be explained by the variables Cash Turnover, Inventory Turnover, Receivable Turnover, and Working Capital Turnover is 15.2% and the remaining 84.8% is explained by other variables. This research shows that simultaneous cash turnover, inventory turnover, accounts receivable turnover, and working capital turnover have a positive and significant effect on profitability. Partially Cash Turnover has no effect on Profitability, Inventory Turnover has a negative andno significant effect on Profitability, Accounts Receivable Turnover has no effect on Profitability and Working Capital Turnoverpositive and significant effect on Profitability.
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Manullang, Arni Elly Agustina, Delima Togatorop, Priscilia Rani Devita Purba, Elfriede Aturma Yanti Manik, Enda Noviyanti Simorangkir, and Rolina Kristiani Lase. "The Significance of Accounts Receivable Turnover, Debt to Equity Ratio, Current Ratio to The Probability of Manufacturing Companies." International Journal of Social Science and Business 4, no. 3 (September 17, 2020): 464. http://dx.doi.org/10.23887/ijssb.v4i3.27874.
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The very rapid economic development is one aspect that affects the progress of a country, both developed and developing countries. Including in a developing country of Indonesia, with a rapid economic development, it is very costly or quite large to advance the Indonesian state. This study aims to analyze the influence of accounts receivable turnover, debt to equity ratio, current ratio to profitability (Return on Asset) in basic industrial and chemical manufacturing companies listed on the IDX in 2016-2018. The research method used in this research is descriptive method and multiple linear analysis method. The data used are annual financial reports published on the Indonesia Stock Exchange which provide data on financial reports. The variables related to this research are accounts receivable turnover, debt to equity ratio and current ratio. The data source used is secondary data. The population of this study were 66 companies with a sample of 36 companies. The results of this study indicate that accounts receivable turnover has no and insignificant effect on profitability (Return on Asset), debt to equity ratio has no and insignificant effect on profitability (Return on Asset), current ratio has significant and significant effect on profitability (Return on Asset).
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Tran, Hien, Malcolm Abbott, and Chee Jin Yap. "How does working capital management affect the profitability of Vietnamese small- and medium-sized enterprises?" Journal of Small Business and Enterprise Development 24, no. 1 (February 20, 2017): 2–11. http://dx.doi.org/10.1108/jsbed-05-2016-0070.
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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.
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Pertami, Yuli Surya Fauzia, Wiwin Sukiati, and Lulu Kurnia Ningsih. "Analisis Perputaran Piutang dan Perputaran Persediaan Terhadap Return On Assets." JEMPER (Jurnal Ekonomi Manajemen Perbankan) 2, no. 1 (January 18, 2020): 37. http://dx.doi.org/10.32897/jemper.v2i1.264.
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Profitability ratios make it easy for companies to analyze a company's ability to earn and generate profits over time. The better profitability ratio, the better the ability to describe the company's high profitability. One of the profitability ratios, namely Return on Assets (ROA), is a ratio that shows how much the asset contributes to creating net income. The purpose of the research was to determine the effect of accounts receivable turnover and inventory turnover partially and simultaneously. The research methodology used is descriptive and associative . This research was conducted on the Manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2013-2017 was using purposive sampling. Based on the results of partial or t test, the variable accounts receivable turnover has a significant negative effect on Return on Assets (0,0028 < 0,05), while inventory turnover has no effect and is not significant for Return on Assets (0,1669 > 0,05). The results of research simultaneously or the F test, the variable receivable turnover and inventory turnover significantly influence profitability with the significancy value 0.006 < 0.05.
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Jennah, Alfiatun, and Rama Yuli. "PENGARUH PERPUTARAN PERSEDIAAN DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS." JURNAL AKUNTANSI 8, no. 2 (March 5, 2020): 155–63. http://dx.doi.org/10.37932/ja.v8i2.74.
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The best company performance is seen in the company’s financial performance by using the rules of financial implementation properly and correctly. This study aims to determine between inventory turnover and accounts receivable turnover towards profitability partially and simultaneously on manufacturing companies listed on the Indonesia Stock Exchange in the period 2012-2017. This research was conducted to increase the company’s profitability and make the company successful in achieving its goals without any deviant actions. This type of research is quantitative descriptive using secondary data taken by Simple Random Sampling which is a sample selection where members are randomly selected randomly (all get the same opportunity to choose) where if it has been selected it cannot be selected again. The data analysis used is SPSS version 19 because the research model uses secondary data. The data is then analyzed using The Descriptive Statistical Test, Classic Assumption Test, Multiple Linear Regression Analysis Test, Hypothesis Test and Determination Coefficient Test. The results of the study prove that inventory turnover and accounts receivable turnover have a significant effect on company profitability. Therefore, companies need to increase inventory turnover and accounts receivable turnover in order to further increase the company’s profitability.
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Sijabat, Jadongan, and Monica Indriyani Sijabat. "PENGARUH PERPUTARAN KAS, PERPUTARAN PIUTANG, DAN PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS (Studi Empiris Pada Perusahaan Manufaktur Sektor Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2016-2019)." Visi Sosial Humaniora 2, no. 1 (June 28, 2021): 17–30. http://dx.doi.org/10.51622/vsh.v2i1.325.
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Profitability is the company's ability to earn a profit. One of the factors that can affect the profitability of a company is financial ratio. The purpose of this study was to determine how the influence of Cash Turnover, Accounts Receivable Turnover, and Inventory Turnover on Profitability which will be measured through Return On Assest (ROA) in consumer goods industry manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2019 period. The population in this study is the consumer goods industry sector, which number as many as 53 companies. The sample of this research is 30 companies taken based on purposive sampling technique. This study uses secondary data in the form of corporate financial reports obtained through www.idx.co.id. The data analysis method used is multiple linear regression analysis with a significant level of 5% using SPSS software. The results of this study indicate that partially cash turnover has no significant negative effect on Return on Assets (ROA), accounts receivable turnover has a positive and significant effect on Return on Assets (ROA), inventory turnover has no significant positive effect on Return on Assets (ROA). The results simultaneously explain that cash turnover, accounts receivable turnover, and inventory turnover have a significant effect on ROA in manufacturing companies in the consumer goods industry listed on the Indonesia Stock Exchange. The Adjusted R Square value is 0.560. This means that 56% of profitability is affected by cash turnover, accounts receivable turnover, and inventory turnover. While the remaining 44% is influenced by other factors not examined in this study.
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Sugiartini, Ni Kadek, and Sayu Ketut Sutrisna Dewi. "PENGARUH LIKUIDITAS DAN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN INDUSTRI BARANG KOSUMSI." E-Jurnal Manajemen Universitas Udayana 8, no. 9 (September 3, 2019): 5401. http://dx.doi.org/10.24843/ejmunud.2019.v08.i09.p03.
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This study aims to determine the effect of liquidity and working capital on profitability. The liquidity ratio in this study is proxied by the current ratio, while working capital is proxied by cash turnover, accounts receivable turnover, and inventory turnover. This research was conducted on consumer goods industry companies listed on the Indonesia Stock Exchange in 2013-2017. The population in this study were all consumer goods industry companies listed on the Indonesia Stock Exchange with a total of 48 companies. The selection of research samples using purposive sampling technique, so as to obtain a sample of 31 companies. This research using secondary data in the form of company financial statements. Data collection is based on non-behavioral observation methods with multiple linear regression as an analysis tool. Based on the results of the analysis, it was found that cash turnover and accounts receivable turnover did not affect profitability. Other variables, namely inventory turnover and current ratio are affect profitability.
Keywords: liquidity, cash turnover, receivable turnover, inventory turnover, profitability
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Asmirantho, Edhi, and Resta Rosdiana. "INFLUENCE AGAINST RECEIVABLE MANAGEMENT CAPABILITIES IN PRODUCING INCOME ON THE BASIC INDUSTRY AND CHEMICAL COMPANY SUB SECTOR FEED LISTED IN INDONESIA STOCK EXCHANGE." JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) 2, no. 1 (March 29, 2018): 53–66. http://dx.doi.org/10.34203/jimfe.v2i1.726.
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This study was conducted to determine and demonstrate empirically the effect of accounts receivable management of the company's ability to generate profits on the company grounds and chemical industry subsectors recorded fodder in the Indonesia Stock Exchange. Each company has a complete data for 10 years in the period 2004 to 2013. Technical analysis of using multiple regression analysis, the data processing using SPSS version20. The results showed receivable management firm base and chemical industry subsectors fodder IDX can be said is still not optimal. Receivables management fluctuating and rising slowly apparent from the Receivable Turnover (RTO), Receivable Turnover in Days (RTD) and Total Asset Turnover (TATO) are unstable and there are accounts receivable with a long lifespan. Based on the R-square is formed, the independent variables are able to explain the growth of return on investment of 69.3%. Hypothesis testing using the F test showed F count > F table (19.579 > 2.975) with a significance value of 0.000 < 0.05 indicates that Receivable Turnover, Receivable Turnover in Days and Total Asset Turnover simultaneously significant effect on Return on Investment. While testing the hypothesis using the t test showed the value Receivable Turnover (1.642 < 2.056) with significant value 0.113 > 0.05 and Receivable Turnover in Days (1.547 < 2.056) with significance 0.134 > 0.05 where t < t table and the value significant > 0.05, which indicates that they do not affect the return on investment, while the Total Asset Turnover value condition t > t table (6.520 > 2.056) and a significant value 0.000 < 0.05 indicates that positive and significant effect on Return on Investment.Keywords: Activity, Profitability, Receivable Turnover, Receivable Turnover in Days, Total Asset Turnover, Return on Investment.
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Mashange, Gerald, and Brian C. Briggeman. "Assessing the financial condition and accounts receivable risk among US farmer cooperatives." Agricultural Finance Review 82, no. 2 (October 18, 2021): 344–58. http://dx.doi.org/10.1108/afr-06-2021-0080.
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PurposeThe purpose of this paper is to examine the financial condition and ability of farmer cooperatives to withstand significant increases in bad debt expense.Design/methodology/approachA unique data set of farmer cooperative financial statements that spans from 1996 to 2019 is used to examine the changes in profitability, solvency, liquidity and accounts receivable risk. Also, a deterministic stress test model is designed to shock bad debt expense and the resulting write-off of accounts receivable for farmer cooperatives. The stress test provides insights to the resiliency of farmer cooperatives.FindingsResults find that farmer cooperatives are in a strong financial position, which has improved over time. The majority of farmer cooperatives are able to absorb a substantial increase in bad debt expense because of their sizable, retained earnings position. However, cooperatives that have significant profitability challenges do experience much larger losses, especially mixed farmer cooperatives (roughly equally amounts of grain and farm supply sales) and large cooperatives with more than $500 million in sales.Practical implicationsThe stress test results suggest farmer cooperative managers and boards of directors could re-examine their credit policies and consider extending additional credit. Also, cooperatives should consider monitoring and identifying an optimal accounts receivable to retained earnings ratio, which is similar to how banks examine their tier 1 capital ratios.Originality/valueThe value of this study is having data that allows for the examination of the financial condition of farmer cooperatives over time. Also, having current data means the accounts receivable stress test results are more relevant and timelier. This is important because these accounts receivable are primarily tied to crop input supplies, and farmer cooperatives are a significant market participant in the crop input supply market.
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Wajo, Abdul Rauf. "Effect of Cash Turnover, Receivable Turnover, Inventory Turnover and Growth Opportunity on Profitability." ATESTASI : Jurnal Ilmiah Akuntansi 4, no. 1 (April 6, 2021): 61–69. http://dx.doi.org/10.33096/atestasi.v4i1.706.
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The purpose of this study is to analyze cash flow, accounts receivable turnover, inventory turnover, and growth opportunity for the profitability of manufacturing companies listed on the Indonesia Stock Exchange. This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange. This study's population were manufacturing companies listed on the Indonesia Stock Exchange in 2013-2016, totaling 137 companies. The number of samples used in this study was 16 companies using the purposive sampling method. The data was collected using the documentation method. The type of data used is quantitative, while the data source used is secondary data. This study indicates that cash turnover has a positive and significant effect on profitability, accounts receivable turnover has a positive and significant impact on profitability, has a positive and significant impact on profitability, and growth opportunity has a positive and insignificant effect on profitability.
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Palupi, Kartika, Mohamad Adam, Yuliani Yuliani, and Marlina Widiyanti. "PENGARUH PERPUTARAN PERSEDIAAN DAN PERPUTARAN PIUTANG TERHADAP MODAL KERJA DAN PROFITABILITAS BERDASARKAN SIKLUS HIDUP PERUSAHAAN." Jurnal Muara Ilmu Ekonomi dan Bisnis 5, no. 1 (January 16, 2021): 12. http://dx.doi.org/10.24912/jmieb.v5i1.9118.
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Tujuan dalam penelitian adalah untuk melihat adanya pengaruh perputaran persediaan dan perputaran piutang terhadap modal kerja bersih dan profitabilitas berdasarkan siklus hidup perusahaan. Pengambilan sampel pada penelitian ini dengan metode purposive sampling berdasarkan kriteria yang ditetapkan dengan periode penelitian tahun 2014-2019 sedangkan objek penelitian adalah 97 perusahaan publik yang masuk dalam perusahaan manufaktur. Penelitian ini menggunakan metode regresi robust dengan software Eviews 9.0. Hasil pada penelitian adanya menunjukkan bahwa perputaran persediaan pada perusahaan tahap growth, mature, decline berpengaruh positif dan signifikan terhadap modal kerja bersih. Perputaran piutang pada perusahaan tahap growth, mature berpengaruh positif dan signifikan terhadap modal kerja bersih. Perusahaan pada tahap decline perputaran piutang tidak berpengaruh terhadap modal kerja bersih. Modal kerja bersih pada perusahaan tahap growth, mature, decline berpengaruh terhadap profitabilitas. Berdasarkan hasil pada penelitian ini memberikan impilikasi manajemen perusahaan adalah manajemen mampu dalam pengolahaan perputaran persediaan dan perputaran piutang secara efisien dan efektif sehigga mampu menghasilkan modal kerja bersih yang tingga dan berdampak pada profitablitas perusahaan. The purpose of this research is to see the effect of inventory turnover and accounts receivable turnover on net working capital and company life cycle profitability. Sampling in this study using purposive sampling method, the criteria set by the research period 2014-2019, while the object of research is 97 public companies that are included in manufacturing companies. This study uses a robust regression method with Eviews 9.0 software. The results showed that it shows that inventory turnover at a growth stage company has a positive and significant effect on net working capital. Accounts receivable turnover at growth stage companies has a positive and significant effect on net working capital. Companies in the decline stage of accounts receivable turnover have no effect on net working capital. Net working capital at a company with a growth stage, maturity, decline affects profitability. Based on the results of this study, the implication of company management is that management is able to process inventory turnover and accounts receivable turnover efficiently and effectively so as to be able to produce high net working capital and have an impact on company profitability.
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Siswanto, Topan, Satriawan ., and Riska Alfi Hikmatin. "Analisis Faktor - Faktor Yang Mempengaruhi Tingkat Keuntungan Pada Koperasi Wanita An-Nisa Periode Tahun 2014-2019." JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan) 5, no. 1 (June 19, 2021): 1–11. http://dx.doi.org/10.29408/jpek.v5i1.2689.
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This study aims to determine how the effect of working capital and accounts receivable turnover affects the level of profit, in this case the measurement uses the level of profitability. To measure capital and accounts receivable turnover, in this study researchers used multiple linear regression analysis approach. The object of this study is located in the AN-Nisa women's cooperative which is located in North Lombok district, West Nusa Tenggara Province. The data obtained at the research location are in the form of financial reports for 6 years, from 2014 to 2019. The results of this study indicate that the ability of the An-Nisa cooperative to obtain profits is mostly influenced by the variables used in this study, namely capital and accounts receivable turnover. So that the ability to manage capital and the better governance of providing accounts receivable will have a major impact on the level of profits obtained. This can be seen from the test results of the coefficient of determination, where the ability of capital and accounts receivable turnover have an impact on the profit level of 98.40 percent
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Gautam, Kedar Raj. "Structure and Utilization of Receivable of Listed Non- Government Manufacturing Companies in Nepal." Janapriya Journal of Interdisciplinary Studies 2 (August 17, 2017): 65–72. http://dx.doi.org/10.3126/jjis.v2i1.18068.
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When the firm sells goods on credit rather than requiring immediate cash payment such kind of credit sales generate accounts receivable. Especially in small firms, accounts receivable may be factor that decides success or failure. In large firms, efficient accounts receivable management affects the firm’s risk return and share price. The volume of receivable, their composition and management affects the liquidity and profitability. They have, therefore to be managed in such a way that strikes a balance between risk and return. This paper attempts to analyse the structure and utilization of receivable of listed manufacturing companies in Nepal. The emphasis in this study is on manufacturing enterprises because they provide best laboratory for analyzing the structure and utilization of receivable. To analyze the structure and utilization of receivable, ratio analysis is used along with statistical tools such as mean and standard deviation. The analysis shows that there was wide variation in investment in receivable. The average ratio of receivable to current asset ranged between 0.35% to 58%. Similarly, utilization of receivable in terms of average collection period ranged between 1 to 195.8 days representing on average 58.62 days. Janapriya Journal of Interdisciplinary Studies Vol. 2, No.1 (December 2013), Page: 65-72
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Wulandari, Novita, and Iman Lubis. "Influence of Receivables Turnover and Inventory Turnover to Profitability PT Kimia Farma (Persero) Tbk." Indonesian Financial Review 1, no. 2 (March 4, 2022): 114–32. http://dx.doi.org/10.55538/ifr.v1i2.9.
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This study aims to determine the effect of receivables turnover (RTO) and inventory turnover (ITR) on profitability (ROA). The method used in this study is a quantitative method by taking the financial statements of PT Kimia Farma (Persero) Tbk this study uses descriptive statistical analysis, classical assumption test, predictive multiple regression predictive hypothesis testing, and coefficient of determination with SPSS Version 22 software. < t-table 2.44691 with a significant value of 0.288 > 0.05 on profitability (ROA) and Inventory Turnover (ITR) partially has no significant effect where t-count 0.149 < t-table 2.44691 with a significant value of 0.887 > 0.05 on profitability (ROA). Simultaneously Accounts Receivable and Inventory Turnover has no effect where F-count 1.563 < F-table 5.14 with a significant level of 0.284 > 0.05.
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Yahya, Dian Ratnasari. "PENGARUH PENGELOLAAN MODAL KERJA TERHADAP PROFITABILITAS DAN LIKUIDITAS DENGAN SIKLUS BISNIS SEBAGAI VARIABEL MODERASI." Media Mahardhika 17, no. 3 (May 30, 2019): 400. http://dx.doi.org/10.29062/mahardika.v17i3.96.
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This study aims to examine and analyze the effect of working capital management on profitability and liquidity with the business cycle as a moderating variable. The research is quantitative by using secondary data in the form of financial statements, the population used is a manufacturing company with a sample of 81 companies from 2005 to 2015. Data management has done by using SPSS (Statistical Program for Social Science). The results reveal that inventory turnover has no significant effect on profitability, accounts receivable turnover and debt turnover has significant negative effect on profitability, so the cash conversion cycle negatively does not give an affect of profitability due to business cycle conditions that fluctuated from 2005 to 2015. Inventory turnover, accounts receivable turnover, debt turnover and cash conversion cycle have significant negative effect on liquidity. Business cycles (D1) and (D2) are moderate management of working capital towards profitability. The business cycle (D1) is moderates the management of working capital towards liquidity and the business cycle (D2) is not moderate the management of working capital towards liquidity.
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Putri, Mashudiah Sainul, and Eko Harry Susanto. "Pengaruh Diversifikasi dan Pengelolaan Modal Kerja terhadap Nilai Perusahaan dan Profitabilitas (ROA) pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2016-2018." Jurnal Manajemen Bisnis dan Kewirausahaan 5, no. 1 (January 29, 2021): 50. http://dx.doi.org/10.24912/jmbk.v5i1.10399.
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This study aims to examine the effect of diversification and working capital management (inventory periods, accounts receivable periods, accounts payable periods, cash conversion cycles) on firm value and profitability of ROA on food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange during the 2016-2018 period. The method used is multiple linear regression test (T-test and F-test) using Eviews 8.0. Samples were selected using a purposive sampling method, which consisted of 12 companies that met the criteria and obtained 36 research sample data. The results of this study indicate that the inventory period and the receivable period significantly influence the value of the company, and the inventory period, the receivable period, the debt period and the cash conversion cycle also have a significant effect on the profitability (ROA) of the company. Penelitian ini bertujuan untuk menguji pengaruh diversifikasi dan pengelolaan modal kerja (periode persediaan, periode piutang, periode hutang, siklus konversi kas) terhadap nilai perusahaan dan profitabilitas ROA (Return on Assets) pada perusahaan manufaktur sub sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia selama periode 2016-2018. Metode yang digunakan yaitu uji regresi linear berganda (uji-T dan uji-F) dengan menggunaan Eviews 8.0. Sampel diseleksi dengan menggunakan metode purposive sampling, yang terdiri dari 12 perusahaan yang memenuhi kriteria dan diperoleh 36 data sampel penelitian. Hasil penelitian ini menunjukkan bahwa periode persediaan dan periode piutang berpengaruh signifikan terhadap nilai perusahaan, serta periode persediaan, periode piutang, periode hutang dan siklus konversi kas juga berpengaruh signifikan terhadap profitabilitas (ROA) perusahaan.
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Leontieva, Jamila, Guzaliya Klychova, Alsou Zakirova, Evgenia Zaugarova, Irina Maletskaya, and Zulfat Khamidullin. "Formation of the credit rating of buyers for the preventive control of accounts receivable." E3S Web of Conferences 110 (2019): 02016. http://dx.doi.org/10.1051/e3sconf/201911002016.
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Modern economic environment requires constant optimization of economic entities, looking for new directions, ways and mechanisms of the business program implementation. Practice shows that the effectiveness of the production resources use depends not only on potentially existing profitability of an organization’s type of business, but primarily on the ability to swiftly handle economic facilities and to rapidly master new options for free assets operation. At the present stage of business development, control appears to be an integral part of improving asset management process inclusive of accounts receivable. The objective of the article is to substantiate theoretical provisions and develop practical recommendations for improving methods of customer rating assessment. The article proposes a credit rating formation pattern, which makes it possible to eliminate the problem of unmotivated issuing credits to contractual partners of long-term cooperation with the assumption that they have past-due accounts receivable. And an additional point is that this pattern offers an effective instrument for such accounts receivable preventive control.
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Rakhman, Arif, Heikal Muhammad Zakaria, and Gusganda Suria Manda. "FACTORS AFFECTING RETURN ON ASSETS." International Journal of Business Review (The Jobs Review) 2, no. 1 (June 28, 2019): 19–28. http://dx.doi.org/10.17509/tjr.v2i1.17772.
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The objective of this research is to examine factors affecting return on assets such as cash turnover and account receivable turnover of food and beverage firm listed in Indonesia Stock Exchange. Source of data used in this study is financial statements as secondary data based on purposive sampling technique. The results showed that cash turnover does not significantly influence return on assets, this is because the value of t count is 0.558 greater than t table 2.030 so that H0 is rejected. And then, account receivable turnover significantly influence return on assets, this is based on the value of t count 5.659 is greater than t table 2.030 so H0 is accepted. And the last, The output of ANOVA results shows that the F count obtained from the variable cash turnover and accounts receivable turnover is 16.016 greater than F table 2.830 so that H0 is accepted. These results mean that there is a significant influence between cash turnover and receivable turnover on profitability in food and beverages companies listed on the Indonesian stock exchange. Based on the results, we can conclude that partially account receivable turnover was factor affecting return on assets and simultaneously cash turnover and account receivable turnover affect return on assets.
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Ramadhani, Rizky. "PENGARUH TINGKAT PERPUTARAN PIUTANG TERHADAP PROFITABILITAS PADA KOPERASI WANITA (KOPWAN) KARTIKA SARI KOTA BIMA." Jurnal Ekonomi Balance 16, no. 1 (June 4, 2020): 51–58. http://dx.doi.org/10.26618/jeb.v16i1.3464.
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This study aims to analyze the influence of accounts receivable turnover rates on profitability in the Kartika Sari Women's Cooperative (BOP). The population used is the financial statement data consisting of balance sheet data, and the calculation of business results (PHU) for 23 years and research samples for 5 years with the sampling used is purposive sampling with the criteria (1) financial statement data available for 5 consecutive years participated in 2014-2018 (2) 5-year sample data already represented existing population data for research needs. Data analysis techniques used are simple linear regression, simple correlation coefficient, coefficient of determination and hypothesis testing (t-2 party test). Based on the results of the analysis shows that the level of accounts receivable turnover does not significantly influence profitability in the Women's Cooperative (KOPWAN) Kartika Sari Kota Bima.
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Minar, Demsi, and Nenden Wita Purnamasari. "Peranan Perputaran Piutang Usaha Terhadap ROI Perusahaan (Studi Kasus Pada Kota Bukit Indah Plaza Hotel Purwakarta)." EFISIENSI - KAJIAN ILMU ADMINISTRASI 16, no. 1 (April 17, 2019): 59–68. http://dx.doi.org/10.21831/efisiensi.v16i1.24477.
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Penelitian ini bertujuan untuk mengetahui: 1.Perputaran piutang usaha di Kota Bukit Indah Plaza Hotel Purwakartata, 2. ROI di Kota Bukit Indah Plaza Hotel Purwakarta, dan 3. Peranan dua variabel yang diteliti di Kota Bukit Indah Plaza Hotel Purwakarta. Dalam penelitian ini penulis menggunakan metode kuantitatif dengan pendekatan rumusan masalah deskriptif dan verifikatif, karena adanya variabel-variabel yang akan dicari hubungannnya serta tujuannya untuk menyajikan gambaran secara terstruktur dan faktual. Diketahui thitung untuk variabel perputaran piutang usaha adalah sebesar 6,725 dengan derajat kebebasan sebesar 4 (n-2 yaitu 6-2), dengan pengujian dua sisidimana tingkat signifikansi 5% maka didapat ttabel sebesar 2,776.Sehingga thitung lebih besardaripadattabel(6,725 >2,776), karena ttabel< thitung maka Ho ditolak dan Ha diterima. Artinya terdapat pengaruh yang positif antara perputaran piutang usaha terhadap tingkat profitabilitas pada Kota Bukit Indah Plaza Purwakarta. Kata kunci: Perputaran, Piutang, Return, On, Investment. Abstract: Accounts Receivable Turnover Role Against Company ROI (Case Study at Kota Bukit Indah Plaza Hotel Purwakarta). This study aims to find out: 1. Trade accounts receivable in Kota Bukit Indah Plaza Hotel Purwakartata, 2. ROI in Kota Bukit Indah Plaza Hotel Purwakarta, and 3. The role of the two variables studied in Kota Bukit Indah Plaza Hotel Purwakarta. In this study the author uses a quantitative method with a descriptive and verificative problem formulation approach, because of the variables that will be sought and the purpose to present a structured and factual description. It is known that tcount for the trade receivable turnover variable is 6.725 with a degree of freedom of 4 (n-2 ie 6-2), by testing the two sides where the significance level is 5%, so ttable is 2.776. t table <tcount then Ho is rejected and Ha is accepted. This means that there is a positive influence between the trade receivables turnover to the level of profitability in Kota Bukit Indah Plaza Purwakarta. Keyword: Turnover, Receivables, Return, On, Investment.
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Calle Arancibia, Margarita Elluz, Wagner Enoc Vicente Ramos, and Gustavo Ilich Loayza Acosta. "Determinants of Arrears in the Municipal Savings Banks, Rural Savings Banks and EDPYMES of Peru." International Journal of Financial Research 11, no. 4 (July 15, 2020): 523. http://dx.doi.org/10.5430/ijfr.v11n4p523.
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The objective this paper is analyzed the relationship between the administration of the working capital and the profitability of assets of the companies of the Peruvian agricultural sector of the period 2009-2018. Through an econometric model it was obtained that the ROA is significantly related to the PPI (p <0.05), PPC (p <0.05) and PPP (p <0.10). This indicates that the profitability of these companies depends on the application of appropriate policies regarding their inventories, accounts receivable and accounts payable.
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Bibi, Rashida, Fayaz Ahmad, and Muhammad Aamir. "An empirical analysis of the impact of working capital management on the firm performance in cement and ceramics industry of Pakistan- A panel approach." Journal of Applied Economics and Business Studies 3, no. 1 (December 30, 2019): 79–90. http://dx.doi.org/10.34260/jaebs.319.
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The real impact of Working Capital management is captured through its constituent policies such as Inventory, Receivable, and Payable managements. The aim of this study is to analyze the effects of Working Capital management i.e. inventory turnover period, the cycle of cash conversion, accounts receivable and payable periods, on the firm performance of cement and ceramics industry of Pakistan. The target population of the current research work is the whole cement and ceramics industry of Pakistan. The fixed-effect model was used for empirical analysis and incorporated by using the Stata software. The model parameters were tested at 1% and 5% level of significance. The outcomes of the fixed-effect model indicated that the account receivable period (AR) in days, inventory turnover (IT) in days and cash conversion cycle (CC) has an inverse nexus with the firm value of cement and ceramics industry of Pakistan. However, the account payable period has a positive relationship with the profitability of the cement and ceramics industry of Pakistan.
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Joseph, Chricela Natalia. "ANALISIS PENGARUH KEBIJAKAN PENGELOLAAN PIUTANG TERHADAP PROFITABILITAS PADA KOPERASI UNIT DESA UNATISA DI DESA ALLANG." Jurnal Cita Ekonomika 11, no. 1 (May 1, 2017): 63–68. http://dx.doi.org/10.51125/citaekonomika.v11i1.2632.
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The aim of this study was to determine the receivables management policy analysis on the profitability of the Village Unit Cooperative Unatisa in Allang Village. This study performed on Village Unit Cooperative Unatisa in Allang Village. Discussion of the results using; Analysis of receivables turnover, Return On Assets (ROA), the method is simple regression analysis. The results showed that: analysis of receivables management policy for the Village Unit Cooperative Unatisa in Allang Village has decreased every year, it can be seen in the results of the calculation of account receivable turnover, Rasio Profitability in Village Unit Cooperative Unatisa in Allang Village has decreased every year, it can be seen in the results of the calculation of Return On Assets (ROA), and from the results of simple linear based on the results of the proposed research is acceptable, because in accordance with the existing results which prove that the debt management policy has positive influence on the profitability of the Village Unit Cooperative Unatisa in Allang Village.
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Ngwenya, Sam. "Working capital management and corporate profitability of listed companies in South Africa." Corporate Ownership and Control 8, no. 1 (2010): 526–34. http://dx.doi.org/10.22495/cocv8i1c5p4.
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Working capital management plays a significant role in creating value for shareholders. The objective of this study was to investigate the relationship between working capital management and profitability of companies listed on the Johannesburg Stock Exchange for the period 1998 to 2008. The results revealed a statistically negative significant relationship between profitability (as measured through gross operating profit), the cash conversion cycle, the net trade cycle and number of days accounts receivable. The results further revealed a positive significant relationship between the number of days accounts payable, the number of days inventory and gross operating profit. The results suggest that managers can increase their companies’ profitability by effectively managing the cash conversion cycle and/or the net trade cycle.
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Arifin, Mohammad Aryo. "PENGELOLAAN MODAL KERJA TERHADAP PROFITABILITAS PERUSAHAAN FOOD AND BEVERAGE." BALANCE Jurnal Akuntansi dan Bisnis 3, no. 1 (October 24, 2018): 312. http://dx.doi.org/10.32502/jab.v3i1.1155.
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This research is meant to examine the influence of cash turnover, account receivable turnover, and inventoryturnover to the profitability in thefood and beverage companies which are listed in Indonesia Stock Exchange(IDX) in 2012 – 2016 periods. The samples are 13 companies which have been selected by using purposivesampling. The financial statement data has been obtained from theIndonesia Stock Exchange (IDX). Theresearch method has been done by using descriftive verifikative method and multiplelinier regressions with theaplication instrument of SPSS (Statistical Product and Service Solutions). The result of this research shows thatcash turnover and receivable turnover have any influence to the profitability whereas the account inventoryturnover has not an influence to the profitability. The value of adjusted R square is 0.485 which shows that all ofindependent variables which are cash turnover, account receivable turnover and inventory turnover can explainthe dependent variable profitability is 48.5% and the remaining is 51.5% which is influenced by otherfactors whichare not included in this model.
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Bellouma, Meryem. "The Impact of Working Capital Management on Profitability: The Case of Small and Medium-Sized Export Companies in Tunisia." Management international 15, no. 3 (July 28, 2011): 71–88. http://dx.doi.org/10.7202/1005434ar.
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Working capital is an important component in the financial decision of the company. An optimal working capital management is reached through a trade off between profitability and liquidity. This study aims to provide empirical evidence about the effects of working capital management on the profitability of 386 Tunisian export SMEs observed from 2001 to 2008. The results of fixed and random effects models show a negative relationship between corporate profitability and the different working capital components. This reveals that Tunisian export SMEs should shorten their cash conversion cycle by reducing the number of days of accounts receivable and inventories to increase their profitability.
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Oktavia, Senny, and Suparno Suparno. "THE EFFECT OF RECEIVABLES TURNOVER AND INVENTORY TURNOVER ON PROFITABILITY IN AUTOMOTIVE AND COMPONENT COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE 2010-2019 PERIOD." Jurnal Ekonomi Balance 16, no. 2 (December 22, 2020): 184–93. http://dx.doi.org/10.26618/jeb.v17i1.5467.
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This study aims to determine the effect of account receivable turnover and inventory turnover on profitability (ROA). The population in this study are automotive companies and components listed on the indonesia Stock Exchange Period 2010 - 2019.The sampling method used was purposive sampling and obtained 4 companies as samples. The research method used a quantitative approach and data analysis using multiple linear regression analysis, classical assumption test, descriptive statistical analysis, determination analysis and hypothesis testing. Based on the results of multiple linear regression tests show that account receivable turnover and inventory turnover together (simultaneously) has a positive and significant effect on profitability (ROA), because tcount ttable (5,052 3,252), and a significant value of 0,011 0,05. Partially, receivable turnover has a negative but significant effect on profitability (ROA), because tcount ttable (-3,141 2,026), and significant value of 0,003 0,05. Inventory turnover has a positive and significant effect on profitability(ROA), because tcount ttable (2,488 2,026), and significant value of 0,017 0,05.
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Shabbir, Munawar. "Impact of Working Capital Management on Profitability and Value of Firm: A Study of Manufacturing Sector of Pakistan." IBT Journal of Business Studies 14, no. 2 (2018): 1–12. http://dx.doi.org/10.46745/ilma.jbs.2018.14.02.01.
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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.
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Hondro, Tatema, Masriani Laia, Mastaniria Nduru, and Bayu Wulandari. "Pengaruh Struktur Modal, Struktur Aset, Laba Bersih, Piutang Usaha, Likuiditas, Profitabilitas terhadap Arus Kas." Owner 5, no. 2 (August 1, 2021): 368–79. http://dx.doi.org/10.33395/owner.v5i2.419.
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The purpose of this study was to see and test whether the effect of capital structure, asset structure, net income, accounts receivable, liquidity, profitability variable to cash flows variable on the value of service companies listed on the IDX (Indonesia Stock Exchange) from 2017-2019. This research uses a method with a quantitative descriptive approach. The population obtained was 78 companies listed on the Indonesia Stock Exchange from 2017-2019. The sample used in this study was purposive sampling technique. The sample obtained was 12 companies. The data analysis used several analyzes, namely multiple linear analysis, the coefficient of determination test, the classical assumption test, the F test, and the t-test. This study shows that partially the variables of capital structure, asset structure, accounts receivable, liquidity, ROE has no effect on cash flow variables at service companies that listed on the Indonesia Stock Exchange, while the net income variable has an influence on cash flow variables at service companies listed in Indonesia Stock Exchange, and simultaneously the variables of capital structure, asset structure, net income, accounts receivable, liquidity, Return On Equity do not have an influence on cash flow variables in service companies that listed on the Indonesia Stock Exchange.