Mount Hope Global Economic Journal
Vol. 4 No. 1 (2026)

WORKING CAPITAL TURNOVER, LIQUIDITY, AND CASH TURNOVER ON PROFITABILITY IN COAL MINING SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FROM 2021 TO 2024

Bryan Marchel Panjaitan (PUI Behavioral And Acounting, Universitas Prima Indonesia)
Bunga Stevanye Tampubolon (PUI Behavioral And Acounting, Universitas Prima Indonesia)
Sonia Priskawati Br Ginting (PUI Behavioral And Acounting, Universitas Prima Indonesia)
Helman Helman (PUI Behavioral And Acounting, Universitas Prima Indonesia)



Article Info

Publish Date
21 May 2026

Abstract

This study aims to examine the impact of Working Capital Turnover, Liquidity, and Cash Turnover on Profitability in coal mining subsector companies listed on the Indonesia Stock Exchange from 2021 to 2024. A quantitative approach was used. Secondary data was sourced from the annual financial reports of companies in the coal mining subsector, which are available on the official IDX website. Purposive sampling was used to select 16 companies, resulting in a total population of 64 companies. The data analysis method used was multiple linear regression analysis using statistical software (SPSS). The results indicate that, to some extent, working capital turnover has a significant impact on profitability, but liquidity and cash turnover do not have a significant impact on profitability. Simultaneously, working capital turnover, liquidity, and cash turnover do not substantially affect profitability. This study aims to serve as a reference for future researchers by improving the technique, including additional samples, and introducing factors to increase comprehensiveness.

Copyrights © 2026






Journal Info

Abbrev

MEGA

Publisher

Subject

Economics, Econometrics & Finance

Description

Mount Hope Economic Global Journal (MEGA) is an international journal intended for professionals and researchers in all fields of Economic. Mount Hope Economic Global Journal (MEGA) publishes research articles and reviews within the whole field Economic, new teaching methods, assessment, validation ...