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JURNAL BISNIS DAN AKUNTANSI
Vol. 15, No. 1a, Is. 5, November 2013, Hlm. 17-28

PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

OLGA GAZALI

STIE Trisakti
olga@stietrisakti.ac.id

 

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http://www.tsm.ac.id/JBA/JBAVOL15/PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA

ABSTRACT:

The purpose of this research is to analyze the influence of working capital management on profitability of the manufacturing companies that listed in Indonesian Stock Exchange for period 2010 until 2012. Research was carried out by test the influence of average collection period (ACP), inventory turnover in days (ITID), average payment period (APP), logarithm of sales (LOS), debt ratio (DR), financial asset to total asset (FATA), and current ratio (CR). The data are collected from 63 manufacturing companies list at Indonesian Stock Exchange (BEI) and the observation period are three years. Sampling method used is purposive sampling and data analysis with multiple linear regression. Empirical evidence shows that, partially, logarithm of sales (LOS), financial asset to total asset (FATA), and current ratio (CR) have positive significant influence profitability (NOP). Average collection period (ACP) have negative significant influence to profitability (NOP). Inventory turnover in days (ITID), average payment period (APP), and debt ratio (DR) have not significant influence to profitability (NOP).

Keyword :Profitability (NOP), Working Capital, logarithm of sales (LOS), debt ratio (DR), financial asset to total asset (FATA), and current ratio (CR).
 
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