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Eksplorasi Determinan Finansial Terhadap Profitabilitas: Pendekatan Kuantitatif Pada Emiten Sektor Industri Di Pasar Modal Indonesia Contesa, Sisca; Contesa , Theresia
Cerdika: Jurnal Ilmiah Indonesia Vol. 5 No. 7 (2025): Cerdika: Jurnal Ilmiah Indonesia
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/cerdika.v5i7.2757

Abstract

This study aims to analyze the influence of working capital turnover, liquidity, and sales growth on profitability in industrial sector companies listed on the Indonesia Stock Exchange (IDX). The sample selection was carried out using the purposive sampling method, so that 35 companies were obtained as an analysis unit. This study uses secondary data obtained from the official website of the Indonesia Stock Exchange, with a specific observation period. The data analysis technique used is multiple linear regression, with the help of IBM SPSS software version 22. The results of the analysis show that working capital turnover, liquidity, and sales growth simultaneously and partially have a significant positive influence on the company's profitability. These findings indicate that efficiency in working capital management, healthy liquidity levels, and increased sales are important factors in driving the company's financial performance in the industrial sector.
The Role of Cash Holding, Good Corporate Governance, Sales Growth, and Working Capital Turnover on Company Value: Empirical Evidence from the Basic Materials Sector on the Indonesia Stock Exchange Contesa, Sisca; Contesa , Theresia
Journal Research of Social Science, Economics, and Management Vol. 5 No. 4 (2025): Journal Research of Social Science, Economics, and Management
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jrssem.v5i4.1162

Abstract

This study aims to analyze the determinants of firm value, proxied by Price to Book Value (PBV), by examining the effects of cash holding, good corporate governance, sales growth, and working capital turnover on companies in the basic materials sector listed on the Indonesia Stock Exchange (IDX). The sample was selected using a purposive sampling method, resulting in 26 observed firms. The study employs secondary data obtained from the official website of the Indonesia Stock Exchange (www.idx.co.id). Data analysis was conducted using multiple linear regression with IBM SPSS version 26. The findings reveal that cash holding and working capital turnover have a positive but insignificant effect on Price to Book Value, while good corporate governance and sales growth show no significant influence on firm value. These results indicate that internal corporate factors have not yet fully explained variations in market valuation among basic materials companies in Indonesia, suggesting the need for further research to explore additional variables that may affect firm performance in the capital market context.