Pengaruh Perputaran Kas, Piutang dan Persediaan Terhadap Profitabilitas Pada Perusahaan Manufaktur Subsektor Makanan Dan Minuman Tahun 2020-2024
DOI:
https://doi.org/10.35870/jemsi.v12i5.6971Keywords:
Cash Turnover, Receivables Turnover, Inventory Turnover, ProfitabilityAbstract
This study aims to analyze the impact of cash turnover, accounts receivable turnover, and inventory turnover on profitability levels in manufacturing companies in the food and beverage subsector from 2020 to 2024. The research method is a quantitative causal-associative approach using panel data regression analysis. The sample was selected using purposive sampling, resulting in 14 companies with a total of 70 observations. The analyzed data are secondary data sourced from the financial statements of each company. The Random Effects Model was identified as the most appropriate model for this study. Partial test results indicate that cash turnover and inventory turnover do not have a significant effect on profitability, while accounts receivable turnover was found to have a significant negative effect on profitability. Meanwhile, simultaneous testing revealed that all independent variables collectively have a significant effect on profitability. The coefficient of determination (R²) of 0.1448 indicates that the independent variables account for 14.48% of the variation in profitability, while the remaining 85.51% is influenced by variables outside the scope of this study.
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