<![CDATA[This study analyzes the partial and simultaneous effects of cash turnover and operating income on net profit at PT Bumi Resources Tbk from 2013 to 2023. Employing a quantitative associative design, this research utilizes audited financial statement data from the Indonesia Stock Exchange, processed via multiple linear regression analysis. The novelty lies in examining the sensitivity of a systemic mining giant's profitability amid post-pandemic global commodity price volatility and regulatory shifts. The results reveal that cash turnover has a negative and significant effect on net profit, indicating transactional inefficiencies during rapid cash cycles. Conversely, operating income has a negative but non-significant effect, proving that top-line growth fails to secure profitability when eroded by soaring operational cost overruns. Simultaneously, both variables exert a positive and significant impact, explaining 66.8% of the net profit variance. This underscores the critical need for integrated capital governance to navigate market shocks.]]>
Copyrights © 2026
