Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal MANAJEMEN
Siti Luthfiani
Unknown Affiliation
Computer Science & IT Economics, Econometrics & Finance Other

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas: (Studi Empiris pada Perusahaan IDX30 yang Terdaftar di Bursa Efek Indonesia Periode 2020-2024) Siti Luthfiani; Sugeng Priyanto
MANAJEMEN Vol. 6 No. 1 (2026): Mei : MANAJEMEN (Jurnal Ilmiah Manajemen dan Kewirausahaan)
Publisher : LPPM Politeknik Pratama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51903/eszh3k53

Abstract

This study aims to analyze the effect of working capital management on profitability in companies listed in the IDX30 index during the period 2020–2024. Working capital management is proxied by Working Capital Turnover (WCTO), Cash Turnover (CTO), Accounts Receivable Turnover (ARTO), and Inventory Turnover (ITO), while profitability is proxied by Return on Assets (ROA). The sample consists of 10 companies selected using purposive sampling based on predetermined criteria, resulting in 50 observations obtained from the official website investing.com. The data were analyzed using multiple linear regression with SPSS version 22. The results indicate that Working Capital Turnover (WCTO) and Inventory Turnover (ITO) have a significant negative effect on Return on Assets (ROA), while Cash Turnover (CTO) has a significant positive effect on Return on Assets (ROA). In contrast, Accounts Receivable Turnover (ARTO) does not have a significant effect on Return on Assets (ROA). These findings suggest that efficient working capital management, particularly in terms of cash turnover, contributes positively to company profitability, while inefficiencies in working capital and inventory turnover may reduce profitability.
Co-Authors Sugeng Priyanto