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PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA
Working capital management is an activity that includes all the functions of management of current assets and short-term liabilities of the company. The company's working capital management is useful to increase the company's profit. The working capital management used in this research is cash turnover, receivable turnover, and inventory turnover. This research aims to determine the influence of working capital management on profitability at manufacturing companies which listed in the Indonesia Stock Exchange. The population in this research was obtained by using purposive sampling method at manufacturing food and beverages sub-sectors companies which listed in the Indonesia Stock Exchange during the period 2013-2016. The research method used is multiple linier regression analysis method, classical assumption test, goodness of fit test, and t test using SPSS version 23. The results of this research indicate that the resulting regression model is feasible and can be done. Based on the results of hypothesis testing shows that the cash turnover and inventory turnover significant influence on profitability, while turnover receivables have no significant influence on profitability.
Keywords: cash turnover, receivable turnover, inventory turnover, and profitability.
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