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All Journal Advances: Jurnal Ekonomi & Bisnis Celebes Journal of Community Services Atestasi : Jurnal Ilmiah Akuntansi
Arifani, Arifani
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Humanities Economics, Econometrics & Finance Education Social Sciences

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Relationship between Working Capital Elements and Company Profitability Arifani, Arifani
Advances: Jurnal Ekonomi & Bisnis Vol. 1 No. 2 (2023): March - April
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/ajeb.v1i2.73

Abstract

Purpose: This study examines the effect of working capital elements, including cash turnover, receivables turnover, inventory turnover, and current liabilities turnover, on profitability (ROA) in food and beverage companies listed on the Indonesia Stock Exchange (IDX). The research focuses on understanding whether efficient management of these working capital components influences the companies' profitability. Research Design and Methodology: This study's population includes 16 food and beverage companies listed on the IDX from 2014 to 2016. Using purposive sampling, 10 companies were selected as the final sample. This research relies on quantitative data derived from company financial statements as secondary data. The analysis includes classical assumption tests (normality, autocorrelation, and multicollinearity) and hypothesis testing using partial (t-test), simultaneous (F-test), and determination coefficient tests to assess the influence of the independent variables on profitability. Findings and Discussion: The study finds that cash and inventory turnover has a positive but insignificant effect on profitability (ROA), indicating that efficient management of these components does not substantially increase profitability. Meanwhile, receivables and current liabilities turnover shows a negative but insignificant effect on ROA, suggesting these components do not significantly influence profitability. Implications: The results imply that while working capital elements affect operational efficiency, they do not significantly drive profitability. Thus, companies should focus on managing working capital and other strategic factors to improve financial performance.
Peningkatan Potensi Ekonomi Lokal Melalui Tata Kelola Keuangan Untuk Pengembangan Ekonomi Kreatif Umkm Sugianto, Sugianto; Hasriani , Hasriani; syamsuriana, Nur; Djafar, Djafar; Arifani, Arifani; Akbardin, Muhammad; Inayah, Ariyanti; Anwarbi, Raqiqah Iffah Rahmi; Sammana, Ikhsan
Celebes Journal of Community Services Vol. 4 No. 2 (2025): June - November
Publisher : STIE Amkop Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/celeb.v4i2.3264

Abstract

UMKM ekonomi kreatif berperan penting dalam memperkuat ekonomi lokal. Namun, kelemahan tata kelola keuangan sering menjadi hambatan utama bagi pengembangan usaha, termasuk pada UMKM di RW 07 Kelurahan Sudiang Kecamatan Biringkanaya Kota Makassar. Kegiatan pengabdian kepada masyarakat ini bertujuan meningkatkan literasi dan keterampilan tata kelola keuangan pelaku UMKM melalui sosialisasi, pelatihan, dan pendampingan. Metode yang digunakan meliputi pre-test dan post-test literasi keuangan, workshop pencatatan kas sederhana, serta penggunaan aplikasi keuangan digital. Hasil kegiatan menunjukkan peningkatan pengetahuan dan keterampilan peserta dalam pencatatan transaksi, pemisahan keuangan usaha dengan pribadi, serta kesiapan untuk mengakses pembiayaan formal. Tata kelola keuangan yang baik terbukti mampu memperkuat kapasitas UMKM dalam mengembangkan usaha dan berkontribusi pada peningkatan potensi ekonomi lokal.
Insights into Financial Strategy Management: A Qualitative Study of Performance, Investment Decisions, and Strategic Approaches with Literature Review Gazali, Agus Umar; Salle, Ilham Z; Arifani, Arifani; Hasmawati, Hasmawati; Winarti, Winarti
Atestasi : Jurnal Ilmiah Akuntansi Vol. 4 No. 2 (2021): September
Publisher : Pusat Penerbitan dan Publikasi Ilmiah, FEB, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/atestasi.v4i2.967

Abstract

Financial strategy management is critical to organizational success, encompassing performance evaluation, investment decision-making, and strategic approaches. This study aims to provide insights into these dimensions by conducting a qualitative literature review. The research methodology comprehensively examined existing scholarly works on financial strategy management, including empirical studies, theoretical frameworks, and practical insights. Performance evaluation emerged as a multifaceted endeavor, requiring a balanced approach that integrates financial and non-financial metrics. Scholars emphasized the importance of robust performance measurement frameworks tailored to organizational objectives and contexts despite data availability and stakeholder alignment challenges. Investment decision-making was explored through the lenses of Modern Portfolio Theory, the Capital Asset Pricing Model, and advancements in behavioral finance. The research highlighted the significance of understanding risk-return trade-offs and cognitive biases influencing investment decisions, particularly in evolving market dynamics and technological disruptions. Strategic approaches adopted by organizations were examined, including Porter's Generic Strategies and recent research on strategic alignment, organizational agility, and integrating environmental, social, and governance (ESG) considerations. The findings underscored the importance of strategic intent aligned with actionable initiatives, organizational resilience, and sustainability. In conclusion, this study contributes to a deeper understanding of financial strategy management dynamics, offering valuable insights for theoretical discourse and managerial practice. The implications extend to longitudinal studies, comparative analyses, interdisciplinary research, and qualitative methodologies, presenting avenues for future research endeavors.
Co-Authors Akbardin, Muhammad Anwarbi, Raqiqah Iffah Rahmi Djafar, Djafar Gazali, Agus Umar H Hasmawati Hasriani , Hasriani Inayah, Ariyanti Salle, Ilham Z Sammana, Ikhsan Sugianto Sugianto Syamsuriana, Nur Winarti Winarti