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All Journal Escalate : Economics and Business Journal
Gunartin
Program Studi Manajemen Fakultas Ekonomi Dan Bisnis Universitas Pamulang Tangerang Selatan
Economics, Econometrics & Finance

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The Effect of Cash Turnover and Accounts Receivable Turnover on Profitability at PT Sido Muncul TBK Herbal Medicine and Pharmaceutical Industry 2014 - 2025 Dwi Wulandari; Gunartin
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.764

Abstract

Profitability is an important indicator in assessing a company's ability to manage capital and generate profits. This study aims to analyze the effect of cash turnover and receivables turnover on profitability at PT Industri Jamu dan Farmasi Sido Muncul Tbk for the period 2014–2025. The study uses a quantitative approach with descriptive and verification methods. The population is the company's financial statements, with samples of financial position statements and income statements for the period 2014–2025 selected using purposive sampling. Secondary data were analyzed using SPSS 25 through descriptive statistics, classical assumption tests, multiple linear regression, coefficient of determination, t-test, and F-test. The results show that cash turnover has a positive and significant effect on profitability, while receivables turnover does not have a significant effect partially. Simultaneously, both have a significant effect on profitability with an R² of 84%. In conclusion, the effectiveness of cash management has an important role in increasing company profitability.
Co-Authors Dwi Wulandari