PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS PERUSAHAAN SUB SEKTOR SEMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Companies in their efforts to compete and survive, must carry out management functions properly so that the target of obtaining maximum profit can be achieved. Working capital management is an activity that includes all management functions of the company's current assets and short-term liabilities. The objective of working capital management is to manage current assets and current liabilities in order to obtain proper net working capital and ensure the company's profitability.This research was conducted to determine the effect of working capital management on the profitability of cement sub-sector companies listed on the Indonesia Stock Exchange in the 2017-2022 period. Because it often happens that companies are unable to manage assets and balance them properly and efficiently.The method used in this research is multiple regression analysis method and analysis using the SPSS application. The capital variable is measured using the ratio of cash turnover, accounts receivable turnover, inventory turnover while profitability is measured by return on assets. The sampling technique in this study used purposive sampling.The results showed that cash turnover, accounts receivable turnover and inventory turnover had a negative and insignificant effect on the profitability of cement sub-sector companies.The conclusion of this study states that the three hypotheses that have been proposed are not proven or the three hypotheses are rejected. This means that the company's ability to manage cash assets, receivables and inventories does not affect the profit achieved by the company.