Pengaruh Modal Kerja Terhadap Profitabilitas Pada Pt. Japfa Comfeed Indonesia. TBK Periode Tahun 2010-2019

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh modal kerja terhadap profitabilitas pada PT. Japfa Comfeed Indonesia. Tbk. Metode yang digunakan adalah explanatory research. Teknik analisis menggunakan analisis statistik dengan pengujian regresi, korelasi, determinasi dan uji hipotesis. Hasil penelitian ini variabel Modal kerja diperoleh nilai rata-rata sebesar 3303 milyar. Variabel Return On Asset diperoleh nilai rata-rata 5,75%%. Modal kerja tidak berpengaruh signifikan terhadap Return On Asset dengan nilai persamaan regresi Y = 8,749 - 0,001X, dan nilai koefisien korelasi -0,481 atau memiliki tingkat hubungan yang negatif sedang dengan nilai determinasi 23,2%. Uji hipotesis diperoleh signifikansi 0,159 > 0,05.Kata Kunci: Modal Kerja, Profitabilitas

The Influence of Company Size, Working Capital, and Capital Structure on Profitability of Consumer Goods Companies Listed on the Indonesia Stock Exchange

“…The findings of this study contradict those of Agustyawati (2019), Lutfi, Simangunsong, andNuryani (2020), andParlina (2017), which all demonstrate that working capital turnover has a significant effect on return on assets.…”

“…With sufficient working capital, the business can finance all of its operations to maximize its profit (profit) (Wahyuliza & Dewita, 2018). The following formula can be used to calculate working capital turnover: Susilowaty & Setyawan, 2018) Agustyawati ( 2019), Lutfi, Simangunsong, & Nuryani (2020), and Parlina (2017) all demonstrate that working capital turnover has a considerable impact on return on assets in their respective research. Sawir (2015) states that the capital structure is a subset of the financial structure, with the capital structure consisting of the company's total long-term spending sources.…”

Cooperative Governance Moderates Liquidity’s Relationship with Credit Risk, Working Capital, and Internal Control

“…The research results are also strengthened through research that is in line with the research of Meidiyustiani (2016), Astuti (2020), Rahayu andWahyudi (2020), andLutfi (2020) explaining that sufficient working capital allows cooperatives to operate and excessive working capital will lead to waste in operations in cooperatives, especially in the form of cash and securities, with productive use of working capital the cooperative will get the maximum profit. While in the study of Gautama et al (2018) and Lestari (2016) show the results that working capital has a positive effect on liquidity, which means that any increase in capital adequacy will affect an increase in the level of liquidity, and vice versa.…”