Pengaruh Perputaran Kas, Piutang dan Persediaan terhadap Profitabilitas pada Industri Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2023-2024

Abstract

This study aims to analyze the effect of cash turnover, accounts receivable turnover, and inventory turnover on the profitability of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2023-2024 period. This research employed a quantitative approach using secondary data obtained from the financial statements of manufacturing companies published on the Indonesia Stock Exchange. The sample was selected using a purposive sampling method based on predetermined criteria. Furthermore, the data were analyzed using multiple linear regression analysis with the assistance of IBM SPSS software. The results of the study indicate that cash turnover has a negative effect on profitability, meaning that an increase in cash turnover tends to be followed by a decrease in Return on Assets (ROA). Meanwhile, accounts receivable turnover and inventory turnover have no significant effect on profitability. In addition, the coefficient of determination (R²) indicates that the ability of the three independent variables to explain variations in profitability is relatively low.