The Effect of Liquidity and Working Capital Turnover on Profitability at PT. Sumber Cipta Multiniaga, South Jakarta

Abstract

The logical consequence of credit sales is the increase in trade receivables which in turn disrupts the company's liquidity. This study aims to determine the effect between liquidity and working capital turnover on profitability at PT. Sumber Cipta Multiniaga. The method uses survey techniques and saturated sampling in the form of financial statements. The analytical tool used is descriptive and verification analysis with assumptions with statistical analysis in the form of regression tests, correlation coefficient tests, determination coefficient tests and hypothesis tests. The results of the current ratio study have a significant effect on the determination of 32.6%. Hypothesis testing obtained ρ value 0,000 <0.05. Working capital turnover has a significant effect on return on assets, with a determination of 29.6%. Hypothesis testing obtained ρ value 0,000 <0.05. The current ratio and Working capital turnover simultaneously have a significant effect on the return on assets with a determination of 49.2%. Hypothesis testing obtained ρ value 0,000 <0.05.

The Effect of Working Capital Turnover, Sales Growth, and Import Exemption Facilities of Export Destinations (KITE) on The ROA of Manufacturing Companies

“…Nelly and Toni (2020) which states that working capital turnover has an effect on ROA. These results are supported by research from Jasmani (2019) which concludes that working capital turnover has a positive and significant effect on profitability. Meanwhile, Widiyanti and Bakar (2014) obtained research results that working capital turnover did not have a significant effect on ROA.…”

Analisis Pengaruh Likuditas Terhadap Struktur Modal Dengan Profitabilitas Sebagai Variabel Intervening

“…Hasil penelitian yang telah dilakukan terdahulu sesuai dengan hipotesis yang diajukan bahwa likuiditas berpengaruh terhadap struktur modal perusahaan. Hasil penelitian ini sesuai dengan yang dilakukan oleh I Gusti Agung (2106), Ali Sulieman (2015), Jasmani (2019), Ahmad Waled (2016) dan Dominica Dian (2017) yang menyatakan bahwa likuiditas dapat berpengaruh siginfikan terhadap profitabilitas. Hal ini dapat memberikan nilai yang positif terhadap perusahaan dan dapat meningkatkan profit perusahaan.…”

Effect Of Firm Size, Debt Equity Ratio and Current Ratio to Return on Asset (Study on Hotel, Restaurant and Tourism Companies Listed on IDX)

“…As a result, shareholders will bear risks that are also getting smaller. Research conducted by Mahardhika & Marbun, (2016), Utama Cahya & Muid, (2014); Purba & Mahendra, (2022) and Jasmani, (2019) states that the current ratio has a significant effect on Return on Asset (ROA). Based on the above description, the third hypothesis can be built, namely: H3: Current Ratio (CR) has a positive effect on Return on Asset (ROA) in Hotel,…”