Hubungan Efficiency Level Working Capital Management Dengan Return on Total Assets

Made Dana Saputra • Jeni Susanti
Journal article Jurnal Ekonomi & Bisnis PNJ • 2013 Indonesia

Abstract

Manufactur company profitability in Indonesia affected by many financial factors that can be measured by using financial ratio. The purpose of this study is to analize whether the variable such as Account Receivable Period, Account Payable Period, Account Inventory period and Net Working Capital had the influence to the company profitability measured by return on total assets. The population of this study is all manufactur company's food and beverage sub-group listed in Indonesian Stock Exchange (BEI) in 2007-2010 period. Sample obtained with purposive sampling method, so that obtained 47 companies as the sample.The effect of independent variable such as: Account Receivable Period, Account Payable Period, Account Inventory Period and Net Working Capital onreturn on total assetsstudiedwithregression analizing method. The result from this study tells that there are 3 variable Account Receivable Period, Account Payable Period, Account Inventory Period that has the significant influence to the return on total assets. While variable Net Working Capital doesn't significantly has any influence to the return on total assets. It tells that only Account Receivable Period, Account Payable Period, Account Inventory Period variable that can give an influence the profitability while Net Working Capital variable doesn't has significant influence to the profit accomplishment in manufactur company that registered in Indonesian Stock Exchange in 2007-2010 period. Keywords: Account Receivable Period, Account Payable Period, Account Inventory Period dan Net Working Capital terhadap return on total assets

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Journal

Jurnal Ekonomi & Bisnis PNJ

Jurnal Ekonomi dan Bisnis adalah jurnal yang mempublikasikan bidang ilmu yang berkaitan dengan ek... see more