Majapahit Journal of Islamic Finance dan Management
Vol. 5 No. 4 (2025): Islamic Finance and Management

Working Capital Efficiency, Cost Control, and Liquidity as Drivers of Profitability: Evidence From Property and Real Estate Companies

Syahwildan, Muhammad (Unknown)
Rulianti, Erina (Unknown)
Efendi, Destriani Safitri (Unknown)

Article Info

Publish Date
01 Dec 2025

Abstract

Real estate companies are required to improve efficiency in financial management to remain competitive and survive in dynamic market conditions. The efficiency of working capital utilization, the effectiveness of cost control, and the level of liquidity are important factors that play a role in determining the company’s profitability level. The sampling method used is non-probability sampling, specifically the purposive sampling method. The sample for this study consists of 8 property and real estate companies listed on the IDX during the 2019-2024 period. This research utilizes EViews 13 for analysis. The research findings indicate that working capital utilization has no effect on profitability.

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Journal Info
Majapahit Journal of Islamic Finance dan Management
Website

Abbrev

majapahit

Publisher

Universitas KH. Abdul Chalim

Subject

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

Description

Majapahit Journal of Islamic Finance and Management (MJIFM) (E-ISSN 2798-0170) is a journal published by Universitas KH. Abdul Chalim Mojokerto Indonesia four times a year (March, June, September and December). As the name implies, the journal brings two major themes, namely Islamic Finance and ...