Pengaruh working capital management terhadap profitabilitas perusahaan consumer goods yang terdaftar di Bursa Efek Indonesia
P enelitian ini bertujuan mengetahui dan menganalisis pengaruh working capital management terhadap profitabilitas perusahaan. Working capital management diwakili oleh rasio-rasio keuangan, yaitu working capital ratio, days in accounts receivable, days in inventory, dan days in accounts payable sementara profitabilitas perusahaan diukur dengan return on assets. Sampel dari penelitian ini adalah perusahaan consumer goods yang terdaftar di Bursa Efek Indonesia tahun 2011-2015. Pengujian dilakukan dengan metode analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa working capital, days in accounts receivable, days in accounts payable tidak memiliki pengaruh terhadap profitabilitas, sementara days in inventory memiliki pengaruh negatif signifikan terhadap profitabilitas.
T he objective of this study is to acknowledge and analyze the effect of working capital management on company’s profitability. Working capital management is represented by financial ratios, which are working capital ratio, days in accounts receivable, days in inventory, and days in accounts payable meanwhile company’s profitability is measured by return on assets. The sample of this study is consumer goods companies listed in Indonesia Stock Exchange in 2011-2015. Multiple regression analysis is used in the hypothesis testing. The result of the study shows that working capital ratio, days in accounts receivable , days in accounts payable have no impact on profitability while days in inventory has significant negative impact on profitability.