Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas Perusahaan Semen Baturaja Yang Terdaftar Di IDX-MES BUMN Periode 2016-2024

Abstract

Companies experience stronger business competition in this era of globalization. Business competition results in companies needing to innovate in managing the company's working capital. Working capital management carried out by the company can help increase company profits. Through working capital management, companies can find out the company's financial condition in order to make the right decisions. This study aims to determine whether indicators in working capital management such as cash turnover, debt turnover, accounts receivable turnover, and inventory turnover affect the profitability of baturaja cement companies listed on the IDX-MES BUMN period 2016-2024. The method used in this research is quantitative research methods. The number of samples used in the study were 34 quarters using purposive sampling technique. The results showed that there was one variable that had a significant effect on the profitability of the baturaja cement company, namely the accounts receivable turnover variable and three other variables, namely cash turnover, debt turnover, and inventory turnover, had no significant effect on the profitability of the baturaja cement company.