Analisis Efisiensi Perputaran Modal Kerja Pada PT. Nippon Indosari Corpindo Tbk. Periode 2018-2020.

Nia Meidiana1 Imam Nazarudin Latif2 Danna Solihin3


This study aims to determine and analyze the level of efficiency of working capital turnover at Nippon Indosari Corpindo Ltd Plc. 2018-2020 period. The benefits of this research are as an information material for the company that can be used as consideration in making short-term and long-term decisions for the continuation of company operations in terms of working capital turnover and as a referencefor researchers who take financial management courses or for similar research.

Theoretical basis used in this research is financial management, financial statement and working capital. The type of research used is qualitative research. The research method used in data collection is library research to obtain secondary data obtained from the financial report data of Nippon Indosari Corpindo Ltd Plc.

Analytical tool used in this research is the working capital turnover ratio andstandard measurement table of working capital efficiency of industrial companiesto measure the level of efficiency.

The results showed that: The working capital turnover rate in 2018 was 2.04 times, it increased in 2019 by 4.34 times but again decreased in 2020 by 2.80 times. As the total turnover generated by the company in 2018 to 2020 has not reached the standard ratio, it is then stated that the working capital turnover has not been efficient, therefore the hypothesis of this research is accepted.


Efficiency, Working Capital, Working Capital Turnover Ratio

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