Pengaruh manajemen modal kerja terhadap profitabilitas perusahaan pada perusahaan manufakturyang terdaftar di Bursa Efek Indonesia
P Penelitian ini dilakukan untuk mengetahui pengaruh antara manajemen modal kerja terhadap profitabilitas perusahaan dari 91 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Variabel independen didalam penelitian ini adalah net trade cycle, cash conversion cycle, average collection period, average inventory period dan average payment period. Variabel kontrol dalam penelitian ini adalah financial leverage, firm size, firm growth, liquidity dan financial asset ratio. Variabel dependen dalam penelitian ini adalah return on asset. Penelitian ini menggunakan metode penelitian analisis regresi berganda. Hasil penelitian menunjukkan bahwa tidak terdapat pengaruh antara cash conversion cycle, average collection period, average inventory period, average payment period, net trade cycle, liquidity dan financial asset ratio terhadap profitabilitas perusahaan, terdapat pengaruh antara financial leverage, firm size dan firm growth terhadap profitabilitas perusahaan.
T This study was conducted to determine the impact of working capital management on firm profitability of 91 companies listed in Indonesia stock exchange. Independent variable in this study are net trade cycle, cash conversion cycle, average collection period, average inventory period, and average payment period. The dependent variable in this study are financial asset ratio, financial leverage, liquidity, firm size and firm growth. The dependent variable in this study is profitability (ROA). This study uses multiple regression analysis research method. The results showed that there is no influence between cash conversion cycle, average collection period, average inventory period, net trade cycle, average payment period, liquidity and financial asset ratio to firm profitability, there is influence between financial leverage, firm size and firm growth to firm profitability.