PENGARUH PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS PADA PT ASTRA AGRO LESTARI Tbk PERIODE 2019-2021

Abstract

The purpose of this study to determine and analyze: 1). The Effect of Cash Turnover on Profitability (Net Profit Margin) at PT Astra Agro Lestari Tbk for the 2019-2021 period. 2). The Effect of Accounts Receivable Turnover on Profitability (Net Profit Margin) at PT Astra Agro Lestari Tbk for the 2019-2021 period. 3). Effect of Inventory Turnover on Profitability (Net Profit Margin) at PT Astra Agro Lestari Tbk for the period 2019-2021. 4). The Effect of Working Capital Turnover on Profitability (Net Profit Margin) at PT Astra Agro Lestari Tbk for the 2019-2021 period.

The theoretical basis used in this research is financial management which focuses on Working Capital and Profitability. The analytical tool used in this study is the formula for Cash Turnover, Accounts Receivable Turnover, Inventory Turnover, Working Capital Turnover, Profitability (Net Profit Margin) and comparative analysis, which is to compare: Cash Turnover, Accounts Receivable Turnover, Inventory Turnover, Working Capital Turnover, with increasing Profitability (Net Profit Margin). This research was conducted on PT Astra Agro Lestari Tbk.

            The results showed that 1). Cash turnover is able to increase Profitability (Net Profit Margin) at PT Astra Agro Lestari Tbk for the 2019-2021 period. 2) Accounts receivable turnover is able to increase Profitability (Net Profit Margin) at PT Astra Agro Lestari Tbk for the 2019-2021 period. 3) Inventory turnover is able to increase Profitability (Net Profit Margin) at PT Astra Agro Lestari Tbk for the 2019-2021 period. 4) working capital turnover is able to increase Profitability (Net Profit Margin) at PT Astra Agro Lestari Tbk for the 2019-2021 period.