Abstract
This study aims to analyze the effect of working capital turnover, cash turnover and account receivable turnover on financial performance through mediation of company liquidity. This study takes the subject of four construction service companies in Indonesia in the period before and after the restructuring and revitalization (2011-2018). Determination of the sample is done by saturation sampling technique. Data analysis with panel data regression test through Eviews program. The results of partial data analysis show that: (1) working capital turnover has a significant effect on company liquidity, however cash turnover and account receivable turnover do not have a significant effect on company liquidity; (2) working capital turnover has a significant effect on the company’s financial performance, but cash turnover and account receivable turnover do not have a significant effect on the company’s financial performance; and (3) liquidity has no significant effect on the company’s financial performance.
Highlights
The construction sector has a very significant role in national economic development.National economic conditions are determined by the size of the construction sector’sAvailable Online: https://dinastipub.org/DIJEFA contribution to the growth of other business sectors
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The working capital turnover has a negative and significant effect on liquidity; cash turnover and account receivable turnover do not have a significant effect on liquidity in the period before and after restructuring and revitalization in the construction services sector SOEs companies
Summary
The construction sector has a very significant role in national economic development.National economic conditions are determined by the size of the construction sector’sAvailable Online: https://dinastipub.org/DIJEFA contribution to the growth of other business sectors. The construction sector has a very significant role in national economic development. National economic conditions are determined by the size of the construction sector’s. Available Online: https://dinastipub.org/DIJEFA contribution to the growth of other business sectors. The development of the construction sector will support the creation of better social and economic infrastructure so as to trigger the growth of other economic sectors. Construction sector activities are the driving force in the economic development system. In the concept of performance as the level of company achievement in a certain period which at the same time reflects the company’s soundness level (Hidayat, Akhmad, & Mu’alim, 2015). The performance of the construction services sector continues to be a concern, given its services in building facilities and infrastructure to support economic activities in Indonesia
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