THE EFFECT OF WORKING CAPITAL TURNOVER AND RECEIVABLES TURNOVER ON PROFITABILITY IN TRANSPORTATION COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2021-2024
Keywords:
Working Capital Turnover, Accounts Receivable Turnover, ProfitabilityAbstract
The transportation sector in Indonesia is a crucial contributor to the national economy by facilitating the distribution of goods and public mobility. Although its contribution to Gross Domestic Product continues to increase, particularly post-pandemic, profitability in transportation companies has fluctuated and tended to be low. This indicates challenges in corporate financial management. Therefore, this study was conducted to analyze whether working capital turnover and accounts receivable turnover affect profitability in transportation companies listed on the Indonesia Stock Exchange for the 2021-2024 period. This study employed quantitative methods with purposive sampling, resulting in a sample of nine companies. The analytical methods employed included descriptive statistics, classical assumption tests, multiple linear regression, and hypothesis testing. The data used were secondary data in the form of financial reports. The results showed that working capital turnover had no significant effect on profitability, while accounts receivable turnover had a significant positive effect. Simultaneously, both variables significantly influenced profitability.
Downloads
References
Akbar, R., Ponten, S., Ratnawati, Butarbutar, D., Dani, R., Ningsih, A., Silalahi, E., Asmawati, Astriwati, Nurhidayati, s, Yuliani, M., & Ningrum, D. (2024). Manajemen Keuangan. PT . MIFANDI MANDIRI DIGITAL.
Asila, N., Irdhayanti, E., & Mufrihah. (2024). ANALISIS PROFITABILITAS DALAM MENINGKATKAN KINERJA KEUANGAN (Studi kasus Rumah Makan Khas Melayu). JURNAL RISET ILMU PERTANANIAN DAN EKONOMI, Vol. 1(No. 1 (2024): JRIPE), 9.
Awliya, M. (2022). Analisis Profitabilitas (Return On Asset (Roa) dan Return On Equity (RoE) Pada PT Sido Muncul Tbk (Periode 2015-2018). Journal of Economic Education, Vol. 1(No. 1), 9. https://online-journal.unja.ac.id/JEec/article/view/18793
Badan pusat Statistik. (2024). Produk Domestik Bruto Indonesia Triwulan 2020-2024. Badan Pusat Statistik. https://www.bps.go.id/id
Billah, Z., & Aziza, U. (2021). Analisis Rasio Profitabilitas Sebagai Alat Ukur Kinerja. Iqtishodiyah: Jurnal Ekonomi Dan Bisnis Islam, 7(2), 17. https://doi.org/https://doi.org/10.55210/iqtishodiyah.v7i2.617
Hendrastuti, R., & Harahap, R. F. (2023). Agency theory: Review of the theory and current research. Jurnal Akuntansi Aktual, 10(1), 85. https://doi.org/10.17977/um004v10i12023p085
Hery. (2021). Analisis Laporan Keuangan Integrated and Comprehensive Edition. In PT Grasindo. PT. Grasindo.
Kasmir. (2019). Analisis Laporan Keuangan (Edisi Revi). Rajawali Pers.
Naz, M. A., Ali, R., Rehman, R. U., & Ntim, C. G. (2022). Corporate governance, working capital management, and firm performance: Some new insights from agency theory. Managerial and Decision Economics, 43(5), 1448–1461. https://doi.org/10.1002/mde.3466
Puspita, Z., & Lisiantara, G. (2024). Pengaruh Perputaran Kas Dan Perputaran Piutang Terhadap Profitabilitas Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2020-20. Jurnal Riset Akuntansi Politala, Vol. 7(No. 3), 8. https://doi.org/https://doi.org/10.34128/jra.v7i3.358
Sugiyono. (2023). Metode Penelitian Kuantitatif Kualitatif dan R&D (Edisi Kedu). ALFABETA.
Wang, H. (2024). Information Asymmetry and Agency Problems in the Financial Market. Highlights in Business, Economics and Management, 32, 62–66. https://doi.org/10.54097/2eq3j535
Widjanarko, H., & Suratna. (2020). Menilai Kinerja Perusahaan Dari Sisi Keuangan (Vol. 4, Issue 1). LPPM UPN “Veteran” Yogyakarta.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
