e-Jurnal Apresiasi Ekonomi
Vol 11, No 2 (2023)

ANALYSIS OF PROFITABILITY, WORKING CAPITAL, INVENTORY BEFORE AND AFTER THE COVID-19 PANDEMIC: EMPIRICAL STUDY FROM THE PHARMACEUTICAL INDUSTRY

Irdha Yusra (Universitas Negeri Padang)
Rizka Hadya (Universitas Ekasakti)
Saiful Anwar (Sekolah Tinggi Ilmu Ekonomi KBP)



Article Info

Publish Date
30 Jun 2023

Abstract

 This study intends to investigate the impact of working capital turnover and inventory turnover on profitability, as well as to demonstrate the differences in working capital turnover and inventory turnover before and after Covid-19. The study was carried out at pharmaceutical sub-sector companies that are listed on the Indonesia Stock Exchange. The causality effect is estimated using panel data regression estimation in the EViews 10 program, while the comparative objective is analyzed using various tests in the SPSS 26 program. The research variable causality test results show that partial working capital turnover affects profitability while inventory turnover does not. Working capital turnover and inventory turnover, on the other hand, have a positive and significant effect on the profitability of pharmaceutical sub-sector companies. Furthermore, there was no significant difference in working capital turnover and inventory turnover before and after the Covid-19 pandemic, according to the comparative test results.

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Journal Info

Abbrev

apresiasiekonomi

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

topics that will be published in this journal are: 1. Development theory and application of management science; 2. Study of entrepreneurship and entrepreneurship development; 3. Development and research on applying the theory of business science 4. Community economic development. But the other ...