Analisa Pengaruh Perputaran Kas Dan Perputaran Piutang Terhadap Return on Asset (Roa) Pada Perusahaan Lq 45 Yang Terdaftar Di Bei Tahun 2012-2017

Abstract

Tujuan penelitian ini adalah untuk mengetahui seberapa besar pengaruh dari perputaran kas dan perputaran piutang terhadap profitabilitas atau return on asset (ROA). Jenis penelitian ini adalah penelitian kausal komparatif dengan pendekatan kuantitatif. Pengambilan sampel dengan menggunakan teknik purposive sampling yang berjumlah 20 perusahaan dari perusahaan LQ 45 yang terdaftar di Bursa Efek Indonesia pada periode tahun 2012-2017 sehingga total sampel pada penelitian ini berjumlah 120. Metode analisa data yang digunakan adalah menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa Perputaran Kas berpengaruh positif dan signifikan terhadap ROA. Sedangkan Perputaran Piutang berpengaruh negatif dan tidak signifikan terhadap ROA. Dengan demikian manajemen perusahaan untuk meningkatkan profitabilitas (ROA) harus mampu mengelola perputaran kasnya agar likuiditas dari perusahaan dapat terjaga dengan baik. Selain itu walaupun perputaran piutang dalam penelitian ini berpengaruh negati tidak signifikan, akan tetapi manajemen perusahaan juga harus memberikan perhatian agar piutang yang dimiliki perusahaan memiliki kualitas yang baik agar tidak berdampak terhadap menurunnya profit perusahaan.

Determinants of Liquidity and Their Effect on Financial Performance of Construction Services Soe Companies

“…The identification of these factors is also based on the results of previous research which states that working capital turnover has a positive and significant effect on the company's financial performance (Amalia & Kurniasih, 2018;Fianti, 2017;Rahman, 2016;Supriyadi & Fazriani, 2011). Cash turnover also has an important role in improving the company's financial performance, this is supported by various findings which state that cash turnover has a positive and significant effect on financial performance (Nugroho, Aryani, & Mastur, 2019).…”

“…Cash turnover has a positive and significant effect on financial performance as proxied by return on assets (Nugroho, Aryani, & Mastur, 2019). It is further proven that cash turnover has a significant effect on financial performance (Suprihatin & Nasser, 2016).…”

“…Account receivable turnover also plays an important role in improving financial performance, this has been proven according to research by Nugroho, Aryani, & Mastur (2019), receivable turnover has a negative and significant effect on financial performance. Through the results of the studies, there is no definite evidence or a research gap has occurred, it is possible that there is an intermediary factor, the level of liquidity is believed to be the intermediary variable.…”

“…Account receivable turnover has a negative and significant effect on financial performance as proxied by return on assets (Nugroho, Aryani, & Mastur, 2019). Research by (Djodjobo, Magantar, & Roring, 2017) states that account receivable turnover is negatively and significantly related to company performance (ROI).…”

The Effect of Cash Turnover and Accounts Receivable Turnover on Profitability of Food and Beverage Companies on the IDX

“…Accounts receivable turnover is a marker of how long it takes to collect receivables owned by the company both from customers and from other parties into cash back then spent into inventory and then sold on credit to become receivables again (Nugroho et al, 2019).…”