The Effect of Working Capital Turnover and Accounts Receivable Turnover on Profitability

                2023-11-27
              

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                83-95
              

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Bagus Setiawan

Accounting Study Program, Faculty of Economics and Business, Panca Sakti University, Bekasi, West Java

Desy Arigawati

Accounting Study Program, Faculty of Economics and Business, Panca Sakti University, Bekasi, West Java

Nadia Rista

Accounting Study Program, Faculty of Economics and Business, Panca Sakti University, Bekasi, West Java

Abstract

Purpose: This study aims to examine the effect of working capital turnover and accounts receivable turnover on profitability in consumer goods manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. This study focuses on identifying whether operational efficiency in managing working capital and receivables contributes to improved financial performance.

Research Methodology: This research employed a quantitative approach using secondary data obtained from financial reports of companies listed on the IDX. The sample consisted of 47 consumer goods manufacturing companies selected through purposive sampling. Data were analyzed using descriptive statistics, classical assumption tests, Pearson correlation analysis, and multiple linear regression to examine the partial and simultaneous effects of the independent variables on profitability measured by Return on Assets (ROA).

Results: The findings indicate that working capital turnover has a positive and significant effect on profitability, demonstrating that efficient working capital utilization contributes to higher financial performance. Meanwhile, accounts receivable turnover does not significantly affect profitability. Simultaneously, working capital turnover and accounts receivable turnover significantly influence profitability.

Conclusions: Effective working capital management is an important factor in enhancing profitability, while receivable management requires appropriate strategies to support sustainable financial performance.

Limitations: This study is limited to consumer goods manufacturing companies and examines only two financial efficiency indicators.

Contributions: This research provides empirical evidence regarding the role of working capital efficiency in improving profitability and offers practical implications for managers in optimizing financial resource management.

Profitability Return Receivable Turnover Working Capital Turnover

How to Cite

Setiawan, B., Arigawati, D., & Rista, N. (2023). The Effect of Working Capital Turnover and Accounts Receivable Turnover on Profitability. Jurnal Teknika Dan Informatika, 3(2), 83-95. https://doi.org/10.52909/ryvapt66

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