Analysis of Cash Turnover to Improve Company Profitability at PT Hutama Karya

Amy Badriyah Siregar; Nazwa Hadiarani; Suci Agsani; Henny Andriyani Wirananda; Sri Wardany

doi:10.35870/emt.v10i4.7392

Open Access Articles

Analysis of Cash Turnover to Improve Company Profitability at PT Hutama Karya

Amy Badriyah Siregar^1*
Nazwa Hadiarani²
Suci Agsani³
Henny Andriyani Wirananda⁴
Sri Wardany⁵

^1,2,3,4,5 Universitas Muslim Nusantara Al Washliyah

* Corresponding Author: Amy Badriyah Siregar

Cover Jurnal EMT KITA Vol 10 No 4 Oktober 2026

DOI

https://doi.org/10.35870/emt.v10i4.7392

Published 2026-10-01

Pages 2323-2329

Issue Vol. 10 No. 4 (2026): OCTOBER 2026

Download PDF

Abstract

This study aims to analyze cash turnover including cash flows from operating, investing, and financing activities and their impact on increasing profit at PT Hutama Karya (Persero). The data used in this study were derived from the consolidated financial reports of PT Hutama Karya, published by the Indonesia Stock Exchange (IDX) for the period 2020–2024. The results indicate that although operating and investing cash flows consistently recorded deficits, the company was able to maintain liquidity through external financing. Effective cash management and a structured accounting information system have proven to support financial decision-making processes that positively impact profitability, especially since 2023. Thus, the cash receipt and disbursement system serves not only as an administrative tool but also as a strategic instrument in the company’s long-term financial planning.

Keywords

Cash Turnover Operating Cash Flow Investment Financing Corporate Profit

How to Cite

Citation Format

Siregar, A. B., Hadiarani, N., Agsani, S., Wirananda, H. A., & Wardany, S. (2026). Analysis of Cash Turnover to Improve Company Profitability at PT Hutama Karya. Jurnal EMT KITA, 10(4), 2323-2329. https://doi.org/10.35870/emt.v10i4.7392

References

20 References

Aminin. (2024). Pengaruh arus kas terhadap return on investment (ROI) pada perusahaan sektor investasi yang terdaftar di Bursa Efek Indonesia. 3(5), 2848–2855.
Anggraini, S. A., Listyani, I., & Murdiyanto, E. (2023). Pengaruh perputaran kas dan perputaran piutang terhadap return on equity pada PT BFI Financial Indonesia, Tbk. 2(2), 91–107.
Arifin, A., Halim, M., & Mahaani, A. (2020). Penentuan biaya strategis melalui analisis value chain. 2507(February), 1–9.
Bungadira, W., Malahayati, R., & Nathanael, A. Y. (2024). Pengaruh arus kas operasi, arus kas pendanaan, arus kas investasi, profitabilitas, ukuran perusahaan dan return on asset terhadap return saham. Postgraduate Management Journal, 4, 164–181.
Dirman, A. (2020). Financial distress: The impacts of profitability, liquidity, leverage, firm size, and free cash flow. International Journal of Business, Economics and Law, 22(1), 1.
Dixit, A. K., & Pindyck, R. S. (2019). A new view of investment. In Investment under Uncertainty (pp. 3–25). https://doi.org/10.2307/j.ctt7sncv.4.
EDHEC Infrastructure Institute-Singapore. (2016). Cash flow dynamics of private. March, 1–108.
Emilia Fitriani, I. G. K. A. Ulupui, & Dwi Kismayanti Respati. (2024). Pengaruh arus kas operasi, profitabilitas, likuiditas, dan solvabilitas terhadap financial distress. Jurnal Akuntansi, Perpajakan dan Auditing, 4(3), 700–719. https://doi.org/10.21009/japa.0403.06.
Halawa, D., Jusmarni, & Ramadhani, S. (2024). Pengaruh arus kas terhadap return on asset pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2019-2022. 3(2), 945–954.
Huang, J. C., Lin, H. C., & Huang, D. (2022). The effect of operating cash flow on the likelihood and duration of survival for marginally distressed firms in Taiwan. Sustainability (Switzerland), 14(24), 1–20. https://doi.org/10.3390/su142417024.
Monetaris, S. I. D. H. B. (2023). Pengaruh arus kas operasional, arus kas investasi, dan arus kas pendanaan terhadap likuiditas pada perusahaan asuransi yang terdaftar di BEI. 13(2), 229–236.
Nur Tiyas Abdul Rahim, S., Sahmin Noholo, & Siti Pratiwi Husain. (2023). Pengaruh laba bersih dan arus kas operasi terhadap financial distress. Jurnal Ekonomi, 28(3), 407–425. https://doi.org/10.24912/je.v28i3.1689.
Oktofia, L., Ibrohim, I., & Kartika, R. (2021). Pengaruh arus kas operasi, arus kas investasi, dan arus kas pendanaan terhadap return saham pada perusahaan manufaktur sektor makanan dan minuman. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 2(1), 15–25. https://doi.org/10.46306/rev.v2i1.36.
Rahayu, S., Aini Winda Lestari, N., & Bhakti Pembangunan, S. (2024). Pengaruh arus kas aktivitas operasi, laba bersih dan tingkat likuiditas terhadap harga saham pada perusahaan sektor industri barang konsumsi-kosmetik dan rumah tangga, peralatan rumah tangga yang terdaftar di Bursa Efek Indonesia (BEI) periode 2018-2022. ARBUS: Accounting Research and Business Journal, 1(2), 28–42.
Rambe, S. H., & Aslami, K. (2023). Pengaruh arus kas investasi terhadap profitabilitas pada PT Waskita Karya periode 2018-2022 yang terdaftar di Bursa Efek Indonesia. Jurnal Masharif Al-Syariah: Jurnal Ekonomi dan Perbankan Syariah, 8(1), 532–544.
Salsabiladithi, H., & Amirudin. (2023). Pengaruh perputaran kas dan perputaran piutang terhadap return on asset (ROA) pada PT. Kalbe Farma tahun 2014–2023. Ilmiah Swara Manajemen (Swara Mahasiswa Manajemen), 3(3), 285–292. https://doi.org/10.32493/jism.v4i4.
Sandika, E. F., Kusumawardhani, R., & Rinofah, R. (2023). Pengaruh arus kas pendanaan dan leverage terhadap financial distress dengan profitabilitas sebagai variabel moderasi pada perusahaan properti dan real estate periode 2019-2022 yang terdaftar di Bursa Efek Indonesia. Jurnal Orientasi Bisnis dan Entrepreneurship (JOBS), 4(2), 177–187. https://doi.org/10.33476/jobs.v4i2.4159.
Sayudha Adi Saputra, K., & Ayu Oktoriza, L. (2024). Pengaruh perputaran kas, perputaran piutang, dan perputaran persediaan terhadap profitabilitas perusahaan makanan dan minuman yang terdaftar di BEI periode 2018–2022. Jekobs, 3(1), 11–23.
Situmorang, N. L., Nurfitria, R., Panjaitan, N. A., PD, C. R., & Yulaeli, T. (2023). Pengaruh arus kas, laba, arus kas investasi, arus kas operasi dan arus kas pendanaan (literature review manajemen keuangan). SAMMAJIWA: Jurnal Penelitian Bisnis dan Manajemen, 1(3), 216–234.
Yuniar, E., Andriana, I., & Taufik. (2024). Pengaruh arus kas terhadap financial distress pada sektor infrastruktur yang terdaftar di BEI. Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(4), 4013–4032. https://doi.org/10.47467/alkharaj.v6i4.854.