Dinamika Perputaran Modal Kerja dan Dampaknya terhadap Profitabilitas Perusahaan Makanan dan Minuman di Indonesia
DOI:
https://doi.org/10.37888/bjrm.v8i2.954Abstract
: Penelitian ini bertujuan untuk menganalisis pengaruh perputaran kas, perputaran piutang, dan perputaran persediaan terhadap profitabilitas perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2014–2021. Pendekatan penelitian menggunakan metode kuantitatif dengan analisis regresi data panel. Sampel penelitian ditentukan menggunakan teknik purposive sampling dan menghasilkan 5 perusahaan dengan total 32 observasi. Hasil penelitian menunjukkan bahwa secara simultan perputaran kas, piutang, dan persediaan berpengaruh signifikan terhadap profitabilitas. Secara parsial, perputaran kas dan piutang berpengaruh positif signifikan terhadap ROA, sedangkan perputaran persediaan menunjukkan pengaruh yang bervariasi tergantung pada kondisi operasional perusahaan. Temuan ini mengindikasikan bahwa efisiensi pengelolaan modal kerja merupakan determinan penting dalam meningkatkan kinerja keuangan perusahaan sektor makanan dan minuman.
References
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3–4), 573–587. https://doi.org/10.1111/1468-5957.00008
Baños-Caballero, S., García-Teruel, P. J., & Martínez-Solano, P. (2014). Working capital management, corporate performance, and financial constraints. Journal of Business Research, 67(3), 332–338. https://doi.org/10.1016/j.jbusres.2013.01.016
Aktas, N., Croci, E., & Petmezas, D. (2015). Is working capital management value-enhancing? Evidence from firm performance and investments. Journal of Corporate Finance, 30, 98–113. https://doi.org/10.1016/j.jcorpfin.2014.12.008
Altaf, N., & Shah, F. A. (2020). How does working capital management affect the profitability of Indian companies? Journal of Asia Business Studies, 14(1), 1–19. https://doi.org/10.1108/JABS-01-2018-0014
Bouadam, K., & Maiza, A. (2022). Relationship between inventory management and profitability: Evidence from selected manufacturing firms. International Journal of Financial Studies, 10(4), 87. https://doi.org/10.3390/ijfs10040087
Enqvist, J., Graham, M., & Nikkinen, J. (2014). The impact of working capital management on firm profitability in different business cycles. Research in International Business and Finance, 32, 36–49. https://doi.org/10.1016/j.ribaf.2014.03.005
Singhania, M., & Mehta, P. (2022). Working capital management and firm performance: Evidence from emerging economies. Global Business Review, 23(2), 456–472. https://doi.org/10.1177/0972150919843910
Maya, A. (2023). The effect of working capital management on the profitability of food and beverage manufacturing companies listed on the Indonesia Stock Exchange. JIMKES: Journal of Industrial Management and Knowledge Economics. https://jurnal.ibik.ac.id/index.php/jimkes/article/view/2303
Sari, N. L. (2023). Pengaruh manajemen modal kerja terhadap profitabilitas perusahaan subsektor makanan dan minuman. JBBE. https://jbbe.lppmbinabangsa.id/index.php/jbbe/article/view/370
Ningsih, D. N. (2024). The influence of working capital on the profitability of food and beverage companies listed on the IDX. Ekonomi Journal. https://ejournal.seaninstitute.or.id/index.php/Ekonomi/article/view/3795
Halik, B. R. (2024). Profitabilitas perusahaan makanan dan minuman: Pengaruh ukuran perusahaan, inflasi, dan leverage (2020–2022). Journal of Economics and Business Studies. https://jurnal.uwp.ac.id/feb/index.php/jebs/article/view/441
Rahman, Z. D. (2024). Manajemen modal kerja dan corporate governance pada sektor makanan dan minuman: Dampak terhadap profitabilitas. TFS Journal. https://jurnal.uai.ac.id/index.php/Tfs/article/view/2750
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Erniwaty Madya
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
