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JURNAL BISNIS DAN AKUNTANSI
Vol. 15, No. 1a, Is. 5, November 2013, Hlm. 119-134

THE INFLUENCE OF AVERAGE COLLECTION PERIOD, AVERAGE PAYMENT PERIOD, INVENTORY TURNOVER (IN DAYS), CASH CONVERSION CYCLE, GROSS WORKING CAPITAL TURNOVER, AND CURRENT RATIO TOWARD ROE AND ROA

STELLA dan SATRIYO WIBOWO

STIE Trisakti
stella@stietrisakti.ac.id swibowo@stietrisakti.ac.id

 

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http://www.tsm.ac.id/JBA/JBAVOL15/THE INFLUENCE OF AVERAGE COLLECTION PERIOD, AVERAGE PAYMENT PERIOD, INVENTORY TURNOVER (IN DAYS), CASH CONVERSION CYCLE, GROSS WORKING CAPITAL TURNOVER, AND CURRENT RATIO TOWARD ROE AND ROA

ABSTRACT:

The purpose of this research is to test and analyze empirically the influence of average collection period, average payment period, inventory turover(in days), cash conversio cycle, gross working capital turnover ratio, and current ratio toward ROA and ROE. This study was also to compare result of the previous research within the research. Sample of this research is trade, service and investment companies that listed in Indonesia Stock Exchange for period 2002-2012. The purposive sampling is used as sampling technique, where 7 companies met the criteria and were analyzed using descriptive statistics and by using canonica correlation analysis for identifying the relationship to obtained the result. The result of this research shows that average collection period, average payment period, inventory turover(in days), cash conversio cycle, gross working capital turnover ratio, and current assets have significant impact on ROA and ROE. The test of model fit shows the result that only ROA is significant. The result also show average collection period influence ROA, while average payment period, inventory turnover(in days), cash conversion cycle, gross working capital turnover and current ratio do not influence ROA.

Keyword :ROA, ROE, average payment period, average average payment period, inventory turover(in days), cash conversio cycle, gross working capital turnover ratio, and current ratio, acnonical correlation analysis.
 
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