PENGARUH INDIKATOR PENGELOLAAN MODAL KERJA DAN
UKURAN PERUSAHAAN TERHADAP PROFITABILITAS
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Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
OCTAVIA, SHERLY
Subject
657.042 - FINANCIAL ACCOUNTING
Datestamp
2017-05-02 01:30:34
Abstract :
The aim of this research is to test and analyze the effect of working capital management indicators such as cash conversion cycle, working capital turnover, and sales growth on profitability and than firm size on profitability of the manufacturing basic industry dan chemicals sector that listed in Indonesian Stock Exchange. The variables in this research are cash conversion cycle, working capital turnover, sales growth and firm size as independen variables and profitability was measured with Return On Assets (ROA) as a dependen variable. Cash conversion cycle variable consist of inventory turnover in days, average collection period, and average payment period also explained about profitability.The sample of this research are manufacturing firm in basic industry dan chemicals sector that listed in Indonesian Stock Exchange. The sample of this research are 48 firms during 2011- 2013. The result of this research showed that cash conversion cycle consist inventory turnover in days, average collection period, and average payment period have a significant negative effect to the profitability, and than sales growth have a significant positive effect to the profitability, but there are no significant effect between working capital turnover and profitability, and firm size to profitability. Keywords : Cash Conversion Cycle, Working Capital Turnover, Sales Growth, Firm Size, Profitability
The aim of this research is to test and analyze the effect of working capital management indicators such as cash conversion cycle, working capital turnover, and sales growth on profitability and than firm size on profitability of the manufacturing basic industry dan chemicals sector that listed in Indonesian Stock Exchange. The variables in this research are cash conversion cycle, working capital turnover, sales growth and firm size as independen variables and profitability was measured with Return On Assets (ROA) as a dependen variable. Cash conversion cycle variable consist of inventory turnover in days, average collection period, and average payment period also explained about profitability.The sample of this research are manufacturing firm in basic industry dan chemicals sector that listed in Indonesian Stock Exchange. The sample of this research are 48 firms during 2011- 2013. The result of this research showed that cash conversion cycle consist inventory turnover in days, average collection period, and average payment period have a significant negative effect to the profitability, and than sales growth have a significant positive effect to the profitability, but there are no significant effect between working capital turnover and profitability, and firm size to profitability. Keywords : Cash Conversion Cycle, Working Capital Turnover, Sales Growth, Firm Size, Profitability
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