Analisis Pengaruh Manajemen Modal Kerja terhadap Profitabilitas dalam Industri Consumer Goods yang Terdaftar di Bursa Efek Indonesia

Authors

  • Iswandi Iswandi Bina Nusantara University

DOI:

https://doi.org/10.21512/bbr.v3i1.1431

Keywords:

working capital, profitability, cash conversion cycle (CCC), number of days account receivable (NDAR), number of days inventory (NDI), number of days account payable (NDAP), bursa efek indonesia

Abstract

In this paper we evaluate the relathionship between working capital management and corporate profitability. We used a sample of 29 companies in consumer goods industry listed in the Bursa Efek Indonesia for the period of 2006 – 2008. The results of the evaluation showed that there is statistical significance between profitability, measured through gross profit, and the cash conversion cycle. Empirical findings show that NDAR, NDI, NDAP affect firm profitability negatively, while CCC affects firm profitability positively.

 

Dimensions

Plum Analytics

Author Biography

Iswandi Iswandi, Bina Nusantara University

Accounting Department

References

Lazaridis, I., & Tryfonidis, D. (2006). The relationship between working capital management and profitability of listed companies in the Athens Stock Exchange.

Samiloglu, F., & Demirgunes, K. (2008). The effect of working capital management on firm profitability: Evidence from Turkey. The International Journal of Applied Economic and Finance.

Teruel, P. J. G., & Solano, P. M. (2006). Effect of working capital management on SME Proftability.

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Published

2012-05-31
Abstract 479  .
PDF downloaded 1217  .