Syamni, Ghazali and Ichsan, Ichsan and Rasyimah, Rasyimah and Aiyub, Aiyub and Husaini, Husaini (2022) Profitability of Food & Beverages Industry Sector in IDX: The Impact of Working Capital Turnover. In: The International Conference on Natural Resources and Sustainable Development - ICNRSD, 2018, Medan, Indonesia.
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Abstract
The purpose of this study is to examine effect of working capital on profitability of food and beverage companies in Indonesia Stock Exchange. The data used in this study is secondary data from the documentation of financial statements of food and beverages and the like companies during the period 2012-2016. This study differs from previous research since it applies all the variables of profitability ratios generally applied. The results of the study find that independent variables of cash turnover, receivable turnover and inventory turnoverall have their significant effect on the profitability ratios of the company including ratios of return on asset, return on equity, net profit margin and gross profit margin. The model chosen in this research is Random Effect Model. Statistically this study finds that the working capital turnover negatively affect the return on equity partially or completely. However, working capital turnover significantly affects overall ROA, NPM and GPM. Partial ly, turnover circulation affects return on assets and receivable turnover affects gross profit margin. Both turnovers affect net profit margin. Lastly, no cash turnover affects the profitability of food companies and beverages in the Indonesia Stock Exchange
| Item Type: | Conference or Workshop Item (Paper) |
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| Subjects: | E Economy, Accounting, Development > E12 Management |
| Divisions: | Faculty of Economic and Business |
| Depositing User: | Ichsan |
| Date Deposited: | 20 Mar 2023 01:34 |
| Last Modified: | 20 Mar 2023 04:12 |
| URI: | http://repository.unimal.ac.id/id/eprint/7507 |
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