Analisis manajemen modal kerja terhadap profitabilitas pada perusahaan consumer goods yang terdaftar di bursa efek indonesia (2017-2022)

Wijaya, Erric
Ferli, Ossi
Natasya, Nur Bunga
Ariani, Savira Indah

Jurnal STEI Ekonomi
Vol 32 No 2 (2023)

The COVID-19 pandemic has presented major challenges to various economic sectors, but the consumer goods sector has shown remarkable resilience. This study examines the impact of working capital management on the profitability of consumer goods companies on the Indonesia Stock Exchange before and during the pandemic. Using panel data from 16 companies, the regression analysis shows that accounts receivable collection period has a negative impact on profitability before the pandemic, while collection period, inventory, and accounts payable are not significant during the pandemic. These results provide insights into working capital management strategies that are relevant for consumer goods companies during times of economic crisis, especially in managing critical aspects such as receivables, inventories, and accounts payable.