ANALISIS PENGARUH WORKING CAPITAL DALAM PROFITABILITAS

Patricia - Nathania, Wilxen Sanjaya Putra, Zuliet - Pricilya, Carmel - Meiden

Abstract


The research was conducted with the hope of knowing how much influence working capital has on the profitability of a company. Working Capital is an investment owned by a company that is kept with the aim of being used to finance current assets. In research, one of the many theoretical foundations used in this study, the theory used is attribution theory. The research was conducted using a literature study method where after selecting the data in accordance with the applicable criteria, the number of samples obtained was 30 samples where the data obtained were data from the 2010-2022 period, sourced from various countries. In this research, the emphasis is on the use of research methods used by various sample literatures that will be used as research conclusions. Based on the results of the study, it shows that the biggest influence of working capital on profitability is the Cash Ratio and shows that working capital has a significant effect on profitability.


Keywords


Keywords: Profitability, Working Capital, Influence, Company

Full Text:

PDF

References


- Abbadi, S. M., & Abbadi, R. T. (2013). The determinants of working capital requirements in Palestinian industrial corporations. In International Journal of Economics and …. researchgate.net. https://www.researchgate.net/profile/Suleiman-Abbadi/publication/258048685_The_Determinants_of_Working_Capital_Requirements_in_Palestinian_Industrial_Corporations/data/00463526cb00287b2e000000/the-determinants-of-capital.pdf

- Barine, M. N. (2012). Working capital management efficiency and corporate profitability: Evidences from quoted firms in Nigeria. In Journal of applied finance and banking. Citeseer. https://www.scienpress.com/Upload/JAFB/Vol 2_2_8.pdf

- Burhanudin. (2017). Pengaruh Struktur Modal ,Perputaran Modal Kerja, terhadap Profitabilitas (Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia). Jurnal Akuntansi, 3(2), 43–49. http://openjournal.unpam.ac.id/index.php/Pekobis/article/view/722

- Creswell, J. (2015). Riset pendidikan : Perencanaan, pelaksanaan, dan evaluasi riset kualitatif dan kuantitatif. https://inlislite.uin-suska.ac.id/opac/detail-opac?id=22876

- Farlex. (2017). The Farlex Financial Dictionary. Createspace Independent Publishing Platf.

- Kasmir, SE, M. (2019). Analisis Laporan Keuangan – Kasmir. https://rajagrafindo.co.id/produk/analisis-laporan-keuangan/

- Novianti, W., & Oktasema, A. (2018). PENGARUH PERPUTARAN MODAL KERJA DAN RASIO HUTANG (DAR) TERHADAP PROFITABILITAS (NPM) PADA PERUSAHAAN SEKTOR OTOMOTIF DAN KOMPONEN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012-2016. Https://Medium.Com/. https://medium.com/@arifwicaksanaa/pengertian-use-case-a7e576e1b6bf

- Sujarweni, V. W. (2017). Analisis laporan keuangan; Teori, aplikasi, dan hasil penelitian (p. 186). pustaka baru press. https://scholar.google.co.id/citations?view_op=view_citation&hl=id&user=zPsbpqYAAAAJ&citation_for_view=zPsbpqYAAAAJ:J_g5lzvAfSwC

- Wijaya, L. V., & Tjun Tjun, L. (2018). Pengaruh Cash Turnover, Receivable Turnover, dan Inventory Turnover Terhadap Return On Asset Perusahaan Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2013 – 2015. Jurnal Akuntansi Maranatha, 9(1), 74–82. https://doi.org/10.28932/jam.v9i1.492

- Danuletiu, A. E. (2010). WORKING CAPITAL MANAGEMENT AND PROFITABILITY: A CASE OF ALBA COUNTY COMPANIES. In Annales Universitatis Apulensis-Series …. oeconomica.uab.ro. http://www.oeconomica.uab.ro/upload/lucrari/1220101/36.pdf

- Nwankwo, O., & Osho, G. S. (2010). An empirical analysis of corporate survival and growth: Evidence from efficient working capital management. In International journal of scholarly academic …. researchgate.net. https://www.researchgate.net/profile/Gbolahan-Osho/publication/242701474_An_Empirical_Analysis_of_Corporate_Survival_and_Growth_Evidence_from_Efficient_Working_Capital_Management/links/00b495297df54925ec000000/An-Empirical-Analysis-of-Corporate-Survival-and-Growth-Evidence-from-Efficient-Working-Capital-Management.pdf

- Orobia, L. A., Byabashaija, W., Munene, J. C., & ... (2013). How do small business owners manage working capital in an emerging economy? A qualitative inquiry. … in Accounting & …. https://doi.org/10.1108/QRAM-02-2012-0008

- Baños-Caballero, S., García-Teruel, P. J., & ... (2016). Financing of working capital requirement, financial flexibility and SME performance. Journal of Business …. https://doi.org/10.3846/16111699.2015.1081272

- Autukaite, R., & Molay, E. (2011). Cash holdings, working capital and firm value: Evidence from France. … of the French Finance Association (AFFI). https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1836900

Mwangi, L. W., Makau, M. S., & Kosimbei, G. (2014). Effects of working capital management on performance of non-financial companies listed in NSE, Kenya. In European journal of …. ir-library.ku.ac.ke. http://ir-library.ku.ac.ke/bitstream/handle/123456789/10136/Effects of Working Capital Management on Performance.pdf?sequence=4

- Mathuva, D. (2015). The Influence of working capital management components on corporate profitability. su-plus.strathmore.edu. https://su-plus.strathmore.edu/bitstream/handle/11071/3382/the influence of working capital management.pdf?sequence=1

- Gill, A., Biger, N., & Mathur, N. (2010). The relationship between working capital management and profitability: Evidence from the United States. In Business and economics journal. Citeseer. https://www.researchgate.net/profile/Amarjit-Gill/publication/284875433_The_Relationship_Between_Working_Capital_Management_And_Profitability_Evidence_From_The_United_States/links/57011c0f08aea6b7746a7869/The-Relationship-Between-Working-Capital-Management-And-Profitability-Evidence-From-The-United-States.pdf

- Napompech, K. (2012). Effects of working capital management on the profitability of Thai listed firms. In International Journal of Trade, Economics and Finance. ijtef.org. http://www.ijtef.org/papers/205-F575.pdf

- Levkina, R., & Petrenko, A. (2019). Management of innovative marketing techniques as an effective business tool. Agricultural and Resource …. https://ageconsearch.umn.edu/record/287141/

- Owolabi, S. A., & Alu, C. N. (2012). Effective working capital management and profitability: A study of selected quoted manufacturing companies in Nigeria. In Economics and Finance review. babcock.edu.ng. https://www.babcock.edu.ng/oer/journals/Management Sciences/EFFECTIVE WORKING CAPITAL MANAGEMENT AND PROFITABILITY.pdf

- Pham, K. X., Nguyen, Q. N., & Nguyen, C. V. (2020). Effect of working capital management on the profitability of steel companies on Vietnam stock exchanges. The Journal of Asian …. https://www.koreascience.or.kr/article/JAKO202029062616666.page

- Azeem, M. M., & Marsap, A. (2015). Determinant factors and working capital requirement. In International Journal of …. pdfs.semanticscholar.org. https://pdfs.semanticscholar.org/4e9a/baea1b0963ebdb367e4d02f36392a67e4b75.pdf

- Sensini, L. (2020). Working capital management and performance: evidence from Italian SME’s. In International Journal of Business Management and …. ijbmer.com. http://www.ijbmer.com/docs/volumes/vol11issue2/ijbmer2020110205.pdf

- Charitou, M., Lois, P., & Santoso, H. B. (2012). The relationship between working capital management and firms profitability: An empirical investigation for an emerging Asian country. International Business & …. https://www.clutejournals.com/index.php/IBER/article/view/7162

- Gonçalves, T., Gaio, C., & Robles, F. (2018). The impact of Working Capital Management on firm profitability in different economic cycles: Evidence from the United Kingdom. Economics and Business …. https://dialnet.unirioja.es/servlet/articulo?codigo=6517962

- Le, H. L., Vu, K. T., Du, N. K., & Tran, M. D. (2018). Impact of working capital management on financial performance: The case of Vietnam. International Journal of …. https://scholar.archive.org/work/agtucsu6lvhufkdxxsgq7o3ydi/access/wayback/http://onlineacademicpress.com/index.php/IJAEFA/article/download/70/54

- Siahaan, F. O. P. (2014). The effect of good corporate governance mechanism, leverage, and firm size on firm value. In GSTF Journal on Business Review (GBR). dl6.globalstf.org. http://dl6.globalstf.org/index.php/gbr/article/viewFile/191/192

Lukas, S., & Basuki, B. (2015). The implementation of good corporate governance and its impact on the financial performance of banking industry listed in IDX. The International Journal of Accounting and …. https://ijabs.ub.ac.id/index.php/ijabs/article/view/266

- Ahmad, M. F., Ishtiaq, M., Hamid, K., & ... (2017). Data envelopment analysis and Tobit analysis for firm efficiency in perspective of working capital management in manufacturing sector of Pakistan. … Journal of Economics …. https://dergipark.org.tr/en/pub/ijefi/issue/32035/354559?publisher=http-www-cag-edu-tr-ilhan-ozturk

- Kasahun, A. K. (2020). The Impact of Working Capital Management on Firms’ Profitability-Case of Selected Sole Proprietorship Manufacturing Firms in Adama City. In Journal of Economics and Finance. academia.edu. https://www.academia.edu/download/62472903/G110106455520200325-3994-df6uhq.pdf

- Valipour, H., Moradi, J., & Farsi, F. D. (2012). The impact of company characteristics on working capital management. In Journal of Applied Finance and …. scienpress.com. http://www.scienpress.com/Upload/JAFB/Vol 2_1_5.pdf

- Ashraf, C. K. (2012). The relationship between working capital efficiency and profitability. In Journal of accounting and management. core.ac.uk. https://core.ac.uk/download/pdf/229471169.pdf

- Wesley, O. N., Musiega, M. G., Douglas, M., & ... (2013). Working capital management and corporate performance. Special reference to manufacturing firms on Nairobi Securities Exchange. In International Journal of …. researchgate.net. https://www.researchgate.net/profile/Maniagi-Musiega/publication/305378048_Working_Capital_Management_And_Corporate_Performance_Special_Reference_To_Manufacturing_Firms_On_Nairobi_Securities_Exchange/links/578ba6f908ae254b1de36559/Working-Capital-Management-And-Corporate-Performance-Special-Reference-To-Manufacturing-Firms-On-Nairobi-Securities-Exchange

- Aminu, Y., & Zainudin, N. (2015). A review of anatomy of working capital management theories and the relevant linkages to working capital components: A theoretical building approach. In European journal of business and management. core.ac.uk. https://core.ac.uk/download/pdf/234626195.pdf

- Al-Debi’e, M. M. (2011). Working capital management and profitability: the case of industrial firms in Jordan. In European Journal of Economics, Finance and …. researchgate.net. https://www.researchgate.net/profile/Mamoun-Al-Debie/publication/284029352_Working_Capital_Management_and_Profitability_The_Case_of_Industrial_Firms_in_Jordan/links/57ecef7108ae92a5dbd08885/Working-Capital-Management-and-Profitability-The-Case-of-Industrial-Firms-in-Jordan.pdf

- Oladipupo, A. O., & Okafor, C. A. (2013). Relative contribution of working capital management to corporate profitability and dividend payout ratio: Evidence from Nigeria. In International Journal of Business …. bluepenjournals.org. http://www.bluepenjournals.org/ijbfmr/pdf/2013/September/Oladipupo and Okafor.pdf




DOI: http://dx.doi.org/10.53712/jmm.v8i1.1914

Refbacks

  • There are currently no refbacks.


Indexing: 

Aliansi:

Reference Manager:

 

View Statistic

Published by Prodi Manajemen Fakultas Ekonomi Universitas Madura
Jl. Raya Panglegur Km 3,5 Pamekasan
Phone: (0324) 322231

website: http://ejournal.unira.ac.id/index.php/jurnal_makro_manajemen/index

Email: makro@unira.ac.id

MAKRO by Universitas Madura is licensed under a Creative Commons Attribution 4.0 International License.