Panjaitan, Bryan Marchel
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WORKING CAPITAL TURNOVER, LIQUIDITY, AND CASH TURNOVER ON PROFITABILITY IN COAL MINING SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FROM 2021 TO 2024 Panjaitan, Bryan Marchel; Tampubolon, Bunga Stevanye; Br Ginting, Sonia Priskawati; Helman, Helman
Mount Hope Economic Global Journal Vol. 4 No. 1 (2026)
Publisher : Institut Teknologi dan Bisnis Kristen Bukit Pengharapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61696/mega.v4i1.1107

Abstract

This study aims to examine the impact of Working Capital Turnover, Liquidity, and Cash Turnover on Profitability in coal mining subsector companies listed on the Indonesia Stock Exchange from 2021 to 2024. A quantitative approach was used. Secondary data was sourced from the annual financial reports of companies in the coal mining subsector, which are available on the official IDX website. Purposive sampling was used to select 16 companies, resulting in a total population of 64 companies. The data analysis method used was multiple linear regression analysis using statistical software (SPSS). The results indicate that, to some extent, working capital turnover has a significant impact on profitability, but liquidity and cash turnover do not have a significant impact on profitability. Simultaneously, working capital turnover, liquidity, and cash turnover do not substantially affect profitability. This study aims to serve as a reference for future researchers by improving the technique, including additional samples, and introducing factors to increase comprehensiveness.