_.gif)
_.gif)
Analysis of the Effect of Working Capital Management and Leverage on Profitability of Automotive and Component Companies on the Indonesia Stock Exchange
Abstract
Industry or industrial business is a business unit (unit) that contains people who have responsibility for the business and carry out economic activities to produce goods or services. One of the fields in the industry is the manufacturing industry. The data is processed based on the financial statements of 12 companies which are included in the Automotive and component subsectors by calculating the Return on Assets. Working capital is needed in carrying out business activities. Every industry certainly requires working capital in carrying out daily operational activities. To support every activity contained in industry, of course, proper working capital is needed both in quality and quantity. The data analysis model used in this research is quantitative, namely using the multiple linear regression analysis methods. In regression analysis, in addition to measuring the strength of the relationship between two or more variables, it also shows the direction of the relationship between the dependent variable and the independent variable. to accept H2. This means that the average collection period partially has a negative and significant effect on profitability. This is due to the company's ability to accelerate the collection of receivables
Keywords
Full Text:
PDFReferences
A. Ross, S. d. (2015). Introduction to Corporate Finance. Jakarta: Salemba Empat.
Ariefianto, MD (2012). Econometrics essentials and applications using EViews. Jakarta: Erlangga.
Aryawan, I. &. (2020). Working capital management and profitability evidence from Indonesia manufacturing companies. Diponegoro International Journal of Business, Vol. 3, No. 1, 2020 , 36-46. doi: https://doi.org/10.14710/dijb.3.1.2020.36-46
Bachtiar, K. &. (2018). Working Capital Management and Corporate Performance : Evidence from Indonesia. Journal of Management and Business Administration. Central Europe, Vol. 26, No. 2/2018 , 76-88. doi:DOI: 10.7206/jmba.ce.2450-7814.229
Badjra, AW (2015). Effect of Leverage, Sales Growth and Company Size on Profitability. E-Journal of Unud Management, 4 , 2052-2067.
Brigham, E. d. (2011). Fundamentals of Financial Management (Ten ed.). Jakarta: Salemba Empat.
Brigham, EF (2006). Fundamentals of Financial Management (Book 1, Tenth Edition ed.). Jakarta: Salemba Empat.
Indonesia Stock Exchange, Financial and Annual Report. (2021). Retrieved from www.idx.co.id/companytercatat/laporan-keuangan-dan-annual.
Fahmi, I. d. (2018). Introduction to Financial Management . Bandung: Alphabeta.
Ghozali, I. (2012). Multivariate Analysis Application with IBM SPSS Program. Yogyakarta: Diponegoro University.
Gitman, LJ (2015). Principles of Managerial Finance (14th Edition ed.). Principles of Managerial Finance.
Gujarati. (2006). Econometrics Fundamentals. Jakarta: Erlangga.
Gujarati. (2012). Econometrics Fundamentals . Jakarta: Salemba Empat.
Halim, A. d. (2009). Financial Statement Analysis (4th ed.). Yogyakarta: UPP STIM YKPN.
Hampton John J., CL (1989). Working Capital Management. John Willey & Sons, Inc.
Hanafi, MM (2008). Financial Management (1 ed.). Yogyakarta: BPFE.
Harry. (2015). Financial Statement Analysis . Yogyakarta: CAPS ( Center for Academic Publishing Service ).
Horne, JV (2017). Principles of Financial Management . Jakarta: Salemba Empat.
Houston, B. &. (2014). Fundamentals of Financial Management . Jakarta: Salemba Empat.
Ivanov, V. &. (2021). Impact of Working Capital Management on Profitability : Empirical evidence. International Conference on Accounting and Management Research , 299-301.
Friday. (2017). Financial Statement Analysis . Jakarta: PT. Earth Literature.
Cashmere. (2015). Financial Statement Analysis . Jakarta: PT. King Grafindo Persada.
Cashmere. (2016). Financial Statement Analysis . Jakarta: Raja Grafindo Persada.
Cashmere. (2017). Financial Statement Analysis (Tenth ed.). Jakarta: PT. RajaGrafindo Persada.
Economic & Industrial Sector Performance Report Year . (2021). Retrieved from www.kemenperin.go.id.
Mabandla, N. &. (2019). Working Capital Management And Financial Performance: Evidence From Listed Food And Beverage Companies In South Africa . Academy of Accounting and Financial Studies Journal, 3 (2).
Minister of Industry: The Automotive Industry Becomes the Mainstay of the National Economy. (2021). Retrieved from www.kemenperin.go.id.
Mulyawan, S. (2015). Financial management. Bandung: CV LIBRARY SETIA.
Mulyono, D. &. (2018). The Effect of Capital Working Management on the Profitability . Journal of Finance and Banking, 94-102.
Munawir. (2014). Financial Statement Analysis . Yogyakarta: Liberty.
The Proportion of Value Added to the Manufacturing Industry Sector to GDP . (2021). Retrieved from www.bps.go.id.
Purwanto, S. d. (2008). Statistics for Modern Economics and Finance (2 ed.). Jakarta: Salemba Empat.
Purwanto, S. d. (2009). Statistics for Modern Economics and Finance (2 ed.). Jakarta: Salemba Empat.
Riyanto, B. (2011). Fundamentals of Corporate Spending (Fourth ed.). Yogyakarta: BPFE Gadjah Mada University.
Santoso, S. (2012). SPSS Analysis on Parametric Statistics . Jakarta: PT. Elex Media Komput Indo.
Now, U. d. (2017). Research Methods for Business : A Skills-Development Approach (6th ed.). Jakarta: Salemba Empat.
Shaharudin Jakpar, AJ (2017). Working Capital Management and Profitability Evidence from Manufacturing sector in Malaysia . Journal of Business & Financial Affairs, 6 (2), 2-9. doi:10.4172/2167-0234.1000255
Sihombing, P. (2018). Corporate Financial Management. Bogor: PT Publisher IPB Pres.
Sriyana, J. (2014). Panel Data Regression Method . Yogyakarta: Econesia.
Sudana, IM (2015). Corporate Financial Management (Second ed.). Jakarta: Erlangga.
Sugiyono. (2012). Qualitative Quantitative Research Methods and R&B. Bandung: Alphabeta.
Sugiyono. (2016). Quantitative, Qualitative and R&D Research Methods . Bandung: Alphabet.
Sujarweni, VW (2017). Financial Statement Analysis Theory , Application, & Research Results . Yogyakarta: New Press Library.
Suripto. (2015). Financial Management: Corporate Value Creation Strategy Through Economic Value Added Approach (1 ed.). Bandung: Alphabeta.
Thiago Alvarez, LS (2020). Working Capital Management and Profitability: Evidence from an Emergent Economy . International Journal of Advances in Management and Economics , 32-39.
Utami, S. &. (2016). The Effect of Working Capital Management on the Probability of Manufacturing Companies Listed on the Indonesia Stock Exchange. E-Journal of Unud Management, 5 , 3476-3503.
Widarjono, A. (2013). Econometrics: Introduction and its applications . Jakarta: Econosia.
Wijaya, D. (2017). Financial Management Concepts and Applications . Jakarta: PT. Grasindo.
Yamin, S.d. (2011). New Generation Processing Research Data with Partial Least Square Path Modeling: Applications with XLSTAT, SmartPLS, and Visual PLS Software. Jakarta: Salemba Infotek.
Ningrum, P. A., et al. (2020). The Potential of Poverty in the City of Palangka Raya: Study SMIs Affected Pandemic Covid 19. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Volume 3, No 3, Page: 1626-1634
Saleh, A., Mujahiddin. (2020). Challenges and Opportunities for Community Empowerment Practices in Indonesia during the Covid-19 Pandemic through Strengthening the Role of Higher Education. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). Volume 3, No 2, Page: 1105-1113.
Sihombing, E. H., Nasib. (2020). The Decision of Choosing Course in the Era of Covid 19 through the Telemarketing Program, Personal Selling and College Image. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Volume 3, No. 4, Page: 2843-2850.
Sapetu, YS (2017, June). Effect of Working Capital Management on Company Profitability (Case study on food and beverages companies listed on the Indonesia Stock Exchange for the period 2012-2015). EMBA Journal, 5 , 1440-1451.
Nurjanah, NI (2018, April). Effect of Working Capital Turnover, Receivable Turnover, Inventory Turnover and Total Asset Turnover on Company Profitability (Empirical Study on Manufacturing Companies in the Automotive Sub-Sector and Components Listed on the Indonesia Stock Exchange. Journal of Accounting and Finance , 21-40.
Anwar, Y. (2018, June). The Effect of Working Capital Management on Profitability in Manufacturing Company listed in Indonesia Stock Exchange . The Accounting Journal of BINANIAGA , 03, No. 01 , 1-14.
Suci Wahyuliza, ND (2018, July). The Influence of Liquidity, Solvency and Working Capital Turnover on Profitability in Manufacturing Companies Listed on the IDX. Benefit Journal . doi:10.22216/jbe.v3i2.3173
George, A. (2021, February). Profitability Analysis of Working Capital Management. EPRA International Journal of Economics, Business and Management Studies (EBMS), 8 (2), 20-39. doi:10.36713/epra1013|SJIF Impact Factor (2021): 7.473
cashmere. (2012). Financial Statement Analysis (1-5 ed.). Jakarta: Rajawali Press.
DOI: https://doi.org/10.33258/birci.v5i3.5798
Article Metrics
Abstract view : 115 timesPDF - 55 times
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.