Beverage Manufacturing Company Research Articles

The Influence of Accounting Information on Stock Prices of Food and Beverage Manufacturing Companies

The purpose of this study is to determine the effect of accounting information on stock prices of manufacturing companies in the food and beverage sub-sector This research takes place at the Stock Market office. The sample selection method in this study is a purposive sampling method with a total sample of 5 companies. The data collection techniques collect data on the company's financial statements during the research period. The data analysis method used was multiple regression with the help of SPSS for windows 25.00 software. The results showed that 1) Based on the results of data analysis, the coefficient values ​​of ROA, ROE, NPM, and EBIT showed an effect on stock prices simultaneously. 2) Based on the results of data analysis ROA, ROE, NPM partially significant effect on stock prices, while EBIT has no effect on stock prices of manufacturing companies in the food and beverage sub-sector on the Stock Market. 3) The most dominant variable that influences ROA, ROE, NPM and EBIT on stock prices of manufacturing companies in the food and beverage sub-sector on the Stock Market is the ROA variable

The Effect of Company Size, Sales Growth, Profitability and Leverage on Stock Returns in Food and Beverage Companies Listed on the Indonesia Stock Exchange for the 2015-2019 Period

This study aims to analyze the effect of firm size, sales growth, profitability and leverage on stock returns in food and beverage companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. The sampling method used is purposive sampling method. The number of companies sampled in this study are 11 Food And Beverage companies listed on the IDX in the 2015-2019 period. The data used is secondary data. The data analysis method used in this study is Eviews 9. The results of this study indicate that there is an effect of company size on stock returns in Manufacturing companies in the Food and Beverage sub-sector listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. There is an effect of Sales Growth (Growth) on Stock Returns in Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. Profitability affects stock returns in Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period. Leverage has an effect on Stock Returns in Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2019 period.

The Effect of Inflation, Interest Rate and Rupiah Exchange Rate on JCI in Food and Beverage Manufacturing Companies Registered on The Indonesian Stock Exchange (IDX)

This study aims to determine the effect of inflation, interest rates, and the exchange rate of the rupiah against the JCI in manufacturing companies in the food and beverage sector on the Indonesia Stock Exchange. This research uses quantitative methods. Data collection techniques are carried out by processing data that has been published by Bank Indonesia, BPS. Data processing and analysis techniques used include descriptive statistical analysis, multiple linear regression, classical assumption test, correlation coefficient analysis, multiple correlation coefficient analysis, and hypothesis testing. The results showed that inflation has a negative and significant effect on the JCI. This result can be proven by the value of tcount <ttable (-2.265190 <-1.993) and a significance value of <(α) (0.0265 <0.05) so that H11 is accepted. Interest rate variable has no effect on the JCI. This result can be proven by the value of tcount <ttable (1.801611 <1.993) and a significance value> (α) (0.0758> 0.05) so that H02 is rejected. The Rupiah Exchange Rate variable has a positive and significant effect on the JCI. This result can be proven by the value of tcount> ttable (3.520699> 1.993) and a significance value <(α) (0.0008 <0.05) so that H13 is accepted. The coefficient of determination shows that the Adjusted R-squared is 0.282205. This means that the ability of the independent variable in explaining the variation of the dependent variable is 28.22%, while 71.78% is explained by other variables that are not included or explained in this study. 993) and the significance value> (α) (0.0758> 0.05) so that H02 is rejected. The Rupiah Exchange Rate variable has a positive and significant effect on the JCI. This result can be proven by the value of tcount> ttable (3.520699> 1.993) and a significance value <(α) (0.0008 <0.05) so that H13 is accepted. The coefficient of determination shows that the Adjusted R-squared is 0.282205. This means that the ability of the independent variable in explaining the variation of the dependent variable is 28.22%, while 71.78% is explained by other variables that are not included or explained in this study. 993) and the significance value> (α) (0.0758> 0.05) so that H02 is rejected. The Rupiah Exchange Rate variable has a positive and significant effect on the JCI. This result can be proven by the value of tcount> ttable (3.520699> 1.993) and a significance value <(α) (0.0008 <0.05) so that H13 is accepted. The coefficient of determination shows that the Adjusted R-squared is 0.282205. This means that the ability of the independent variable in explaining the variation of the dependent variable is 28.22%, while 71.78% is explained by other variables that are not included or explained in this study. 993) and a significance value <(α) (0.0008 <0.05) so that H13 is accepted. The coefficient of determination shows that the Adjusted R-squared is 0.282205. This means that the ability of the independent variable in explaining the variation of the dependent variable is 28.22%, while 71.78% is explained by other variables that are not included or explained in this study. 993) and the significance value <(α) (0.0008 <0.05) so that H13 is accepted. The coefficient of determination shows that the Adjusted R-squared is 0.282205. This means that the ability of the independent variable in explaining the variation of the dependent variable is 28.22%, while 71.78% is explained by other variables that are not included or explained in this study.

Pengaruh Karakteristik Perusahaan Terhadap Lamanya Penyelesaian Audit (Audit Delay) (Studi Empiris pada Perusahaan Food And Beverage yang Terdaftar Di Bursa Efek Indonesia Periode 2017-2019)

This study aims to test and analyze the influence of company size, KAP size, profitability, solvency and audit committee on audit delay. The population in this research is a food and beverage manufacturing company listed on the Indonesia Stock Exchange (IDX) in 2017-2019. This type of research is quantitative research. Sampling with purposive sampling technique resulted in 15 food and beverage manufacturing companies in 2017-2019 according to the specified criteria, resulting in 45 research data obtained. This study used multiple linear regression analysis. The results of this study concluded that the profitability and solvency have an effect on audit delay. While the size of the company, size of KAP and audit committee has no effect on audit delay.

Pengaruh Inflasi Dan Tingkat Suku Sbi Terhadap Harga Saham Pada Perusahaan Manufaktur Sub Sektor Food and Beverarge yang Go Public Di Bursa Efek Indonesia

The purpose of this research are to determine and analyse the influence of Inflation and SBI rate to Stock Price at Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange.The population used in this research are all Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange. The sampling technique is a census, so the sample size used was the entire population that 10 Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange. Method used in this research is quantitative research. According to the result of regression analysis find that:inflation have significance effects to Stock Price at Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange, SBI Rate have significance effects to Stock Price at Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange. (3) Inflation, SBI Rate have significance effects to Stock Price at Food and Beverage Manufacturing Company that go public In Indonesia Stock Exchange

Strategies to Enhance the Performance of Beverages Manufacturing Organizations: A Case Study of Manufacturing Organizations in Harare

This research study strategies to enhance performance of beverage manufacturing organizations: a case study of manufacturing organizations in Harare, was undertaken because of the increasing poor performance of beverage manufacturing organizations due to harsh economic conditions in Zimbabwe. This research study sought to determine or establish performance indicators in manufacturing firms, to establish the causes of poor performance in beverage manufacturing companies, to determine strategies being implemented to improve performance, to assess the effectiveness of the implemented strategies and to device ways of improving performance in companies. The quantitative approach was used in this research study. Questionnaires were distributed to 114 employees in manufacturing companies such as Delta Beverages through a technique of convenience sampling. Based on the analysis of the responses received through these questionnaires, it emerged that strategies such as seeking funding from banks, merging and coming up with reforms can enhance performance of beverage companies. Insight given shows that beverage companies can devise strategies to boost their performance.

A comparison of the nutritional quality of products offered by the top packaged food and beverage companies in Canada

BackgroundCanada’s food supply is abundant in less healthy products, increasing Canadians’ risk of obesity and non-communicable diseases. Food companies strongly influence the food supply; however, no studies have examined differences in the healthfulness of products offered by various companies in Canada. This study aimed to compare the nutritional quality of products offered by the top packaged food and beverage companies in Canada.MethodsTwenty-two top packaged food and beverage manufacturing companies were selected, representing > 50% of the Canadian market share in 2018. Nutritional information for products (n = 8277) was sourced from the University of Toronto Food Label Information Program 2017 database. Descriptive analyses examined the nutritional quality of products based on: 1) the Health Star Rating (HSR) system; 2) calories, sodium, saturated fat and total sugars per 100 g (or mL) and per reference amounts (RAs) defined by Health Canada; and 3) “high in” thresholds for sodium, saturated fat and total sugars proposed by Health Canada for pending front-of-package labelling regulations. Kruskal-Wallis tests compared HSRs of products between companies.ResultsMean HSRs of companies’ total product offerings ranged from 1.9 to 3.6 (out of 5.0). Differences in HSRs of products between companies were significant overall and for 19 of 22 food categories (P < 0.05), particularly for fats/oils and beverages. Calories, sodium, saturated fat and total sugars contents varied widely between companies for several food categories, and depending on whether they were examined per 100 g (or mL) or RA. Additionally, 66.4% of all products exceeded ≥1 of Health Canada’s “high in” thresholds for sodium (31.7%), saturated fat (28.3%) and/or sugars (28.4%). The proportion of products offered by a company that exceeded at least one of these thresholds ranged from 38.5 to 97.5%.ConclusionsThe nutritional quality of products offered by leading packaged food and beverage manufacturers in Canada differs significantly overall and by food category, with many products considered less healthy according to multiple nutrient profiling methods. Variation within food categories illustrates the need and potential for companies to improve the healthfulness of their products. Identifying companies that offer less healthy products compared with others in Canada may help prompt reformulation.

Reducing packaging material defects in beverage production line using Six Sigma methodology

In beverage manufacturing plants, the glass bottles are primarily used as packaging material for distribution of the beverage. In some countries after consumption of the beverage, glass bottles are collected back from the market, cleaned, refilled with the fresh beverage, and resold. In this returnable glass bottle (RGB) production line, breakage of glass bottles happen due to various reasons and the company has to face loss. To highlight this issue a bottling plant of a leading beverage manufacturing company in India has been considered in this study. This bottling plant is operating at 4-sigma level and facing an average loss of ₹9,810,637.333 INR per year due to breakage of glass bottle in the RGB line. Hence, this study highlights the effective implementation of Six-Sigma DMAIC (D-define, M-measure, A-analysis, I-improvement and C-control) process to significantly minimising the breakage of glass bottles to control the losses.

Pengaruh Inflasi Dan Tingkat Suku Sbi Terhadap Harga Saham Pada Perusahaan Manufaktur Sub Sektor Food and Beverarge yang Go Public Di Bursa Efek Indonesia

Abstract The purpose of this research are to determine and analyse the influence of Inflation and SBI rate to Stock Price at Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange.The population used in this research are all Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange. The sampling technique is a census, so the sample size used was the entire population that 10 Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange. Method used in this research is quantitative research. According to the result of regression analysis find that:inflation have significance effects to Stock Price at Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange, SBI Rate have significance effects to Stock Price at Food and Beverage Manufacturing Company that go public in Indonesia Stock Exchange. (3) Inflation, SBI Rate have significance effects to Stock Price at Food and Beverage Manufacturing Company that go public In Indonesia Stock ExchangeKeywords : Inflation, SBI Rate, and Stock Price.

Application of Neuro-Fuzzy for Improving Volume Control in Water Canning Industry

The computation minimization which is associated with neurofuzzy models and controllers may be installed in industrial programmable Logic controllers (PLC). The implementation of thermal sterilization is both model and control in order to validate the pilot plant of water canned industry. Volume control in beverage manufacturing companies requires that a certain measured volume be filled into specific container sizes to conform to already predetermined standard to ensure competitiveness in the industry. However, most industry does not have accurate and reliable monitoring mechanism capable of sensing when the canned bottles are not properly filled. This operational failure can be overcome by designing a model that will monitor and control the filling process thereby improving volume control in water canning industry using feedback Neuro-fuzzy control. MATLAB Software was used to carry out simulations to develop volume control in water canning industry with aims of improving operational mechanism of industry. The result of the research revealed the empirical data collected in Rancor Nig. Ltd., Enugu, Nigeria and feedback Neurofuzzy. This ANN model can then be trained with values generated from an already existing mathematical model to be able to monitor and control the filling of the cans. The result showed that volume control in water canning industry with and without feedback Neuro-fuzzy were 63cl and 50cl respectively. The volume increased by 13cl. With these results, it shows that using feedback Neuro-fuzzy gives a better result in terms of filling to the required volume of the bottle than when feedback Neuro-fuzzy is not used.

Application of Neuro-Fuzzy for Improving Volume Control in Water Canning Industry

The computation minimization which is associated with neurofuzzy models and controllers may be installed in industrial programmable Logic controllers (PLC). The implementation of thermal sterilization is both model and control in order to validate the pilot plant of water canned industry. Volume control in beverage manufacturing companies requires that a certain measured volume be filled into specific container sizes to conform to already predetermined standard to ensure competitiveness in the industry. However, most industry does not have accurate and reliable monitoring mechanism capable of sensing when the canned bottles are not properly filled. This operational failure can be overcome by designing a model that will monitor and control the filling process thereby improving volume control in water canning industry using feedback Neuro-fuzzy control. MATLAB Software was used to carry out simulations to develop volume control in water canning industry with aims of improving operational mechanism of industry. The result of the research revealed the empirical data collected in Rancor Nig. Ltd., Enugu, Nigeria and feedback Neurofuzzy. This ANN model can then be trained with values generated from an already existing mathematical model to be able to monitor and control the filling of the cans. The result showed that volume control in water canning industry with and without feedback Neuro-fuzzy were 63cl and 50cl respectively. The volume increased by 13cl. With these results, it shows that using feedback Neuro-fuzzy gives a better result in terms of filling to the required volume of the bottle than when feedback Neuro-fuzzy is not used.

Pengaruh Ukuran Perusahaan dan Leverage terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Intervening

The company is basically established to create added value, especially in generating profits. But in general the company is not only oriented towards achieving maximum profit, but also trying to increase the value of the company and the prosperity of its owners by maximizing stock prices. High stock prices make the value of the company also high and increase market confidence in the company's prospects in the future. Company value can be influenced by several factors, including Company Size, Leverage and Profitability. The purpose of this study was to determine the effect of Company Size, Leverage and Profitability on Company Value and to determine the effect of Company Size and Leverage on Company Value through Profitability. The data analysis technique used is the Partial Least Square (PLS) model. Sampling was taken using purposive sample method. A total of 8 Food and Beverage manufacturing companies in the 2013-2017 period were sampled. The results of this study indicate that Company Size has a significant effect on Profitability but has no effect on Company Value. Leverage has no significant effect on Company Value but has a significant effect on Company Value. Profitability is able to mediate the influence of firm size on company value. But profitability is not able to mediate the influence of leverage on Company Value.

'Determinants of Internal Factors and External Factors Towards Profitability': A Study on the Campbell Soup Company in United States.

Profitability can be influenced by both internal and/or external risk factors so it is crucial for a company to have good risk management. This study aims to investigate the factors such as the firm-specific factors and macro-economic factors that affecting the profitability of the selected food and beverage manufacturing company in United States, Campbell Soup Company. Multiple regression analysis of financial ratios of the selected companies is conducted from year 2013 to 2017. The findings and analysis show that firm-specific factors such as the debt to income and operational ratio have influence on the profitability of the company. While the macro-economic factors did not have influence on the profitability in this study. Hence, the approach suggested to increase the efficiency of the operation of the business is by implementing software such as robotic process automation which can increase the efficiency and reduce the error when doing manual task and thus reduce the operational cost. Besides, the company can factor the account receivable to reduce the credit risk of non-payment as overall. Other than that, company should practice good corporate governance to have a better internal control and thus increase the profitability.

PENGUNGKAPAN CLIMATE CHANGE PADA PERUSAHAAN MANUFAKTUR DI NEGARA ASEAN (Studi Empiris pada Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Negara ASEAN 2013-2014)

&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt;Climate change is a form of responsibility disclosure of climate change. This study aims to analyze&lt;/em&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt; the company's disclosure of climate changes in manufacturing companies in the ASEAN countries.&lt;/em&gt;&lt;br /&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt;Population of this study is food and beverage company listed in ASEAN stock exchanges. Samples&lt;/em&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt; are food and beverage manufacturing company which publishes financial reports and other&lt;/em&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt; information in period 2013-2014. The data analysis of this study is content analysis to identify the&lt;/em&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt; climate change disclosure by using the Climate Change Disclosure Index. In addition, this study&lt;/em&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt; also employees multiple regresion analysis. The result of analysis shows that media exposure, size&lt;/em&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt; of the board of directors, and institutional ownership have significant association with climate&lt;/em&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt; change disclosure. In contrast, other variables such as state, company size and board size do not&lt;/em&gt;&lt;br /&gt;&lt;span style="font-family: CIDFont+F7; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;em&gt;have significant association with climate change disclosure&lt;/em&gt;&lt;span style="font-family: CIDFont+F3; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;strong&gt;&lt;em&gt; Keywords: climate change disclosure, country, size of company, the media exposure, the size of&lt;/em&gt;&lt;/strong&gt;&lt;br /&gt;&lt;span style="font-family: CIDFont+F3; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"&gt;&lt;strong&gt;&lt;em&gt;the board of directors, board size, and institutional ownership&lt;/em&gt;&lt;/strong&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;br style="font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" /&gt;&lt;/span&gt;

Analysis of Factors Affecting Capital Structure in Food and Beverage Manufacturing Company

The purpose of this research to analyze the influence of firm size, liquidity, growth opportunities, tangibility asset, and business risk to the capital structure of listed food and beverage manufacturing companies in Indonesia and Vietnam Stock Exchange from 2010 to 2016. The result shows that the fixed effects model should be appropriate for this study as compared to the random effect model. Capital structure significantly differences between the two countries. Firm size has a positive but insignificant influence on the capital structure in Indonesia, whereas it has a positive and a significant influence on the capital structure in Vietnam. Liquidity has a negative and significant influence on the capital structure both in Indonesia and Vietnam. Growth opportunities have a negative but insignificant influence on the capital structure both in Indonesia and Vietnam. Asset tangibility has a positive but insignificant influence on the capital structure in Indonesia, but it has the negative but insignificant influence on the capital structure in Vietnam. Ultimately, the business risk has a negative and significant influence on the capital structure in Indonesia but has a positive and insignificant influence on the capital structure in Vietnam.

Firm-Level Strategy, Capabilities and Performance of Food and Beverage Manufacturing Companies in Kenya

Firm-Level Strategy, Capabilities and Performance of Food and Beverage Manufacturing Companies in Kenya

Corporate trade-off hypothesis: An investigation of relationship between business and financial risk

This survey is focused on the investigation of the concept of the corporate trade-off hypothesis (CTH), which suggests that firms adjust business risk and financial leverage to obtain the desirable amount of total systematic risk. The empirical tests were carried on a sample of 319 firms from the food and beverage manufacturing sector that covered the period 2008-2016. Prior empirical research has examined the relationship between business and financial leverage using market data. The aim of this research was to explore this relationship using accounting data. The use of accounting data made it possible to include unlisted companies in our survey. The results show that there is an inverse relationship between the variables of operating beta and mean debt ratio, which measure business risk and financial leverage respectively. Consequently, the empirical findings support the hypothesis that the corporate trade-off hypothesis is operative, for the cluster of food and beverage manufacturing companies

Factors Affecting Dividend Payout Ratio of Food and Beverage Manufacturing Companies in Indonesia

Dividend Payout Ratio (DPR) is a parameter to measure the amount of dividend to be distributed to shareholders. This is because investors want to know how much DPR they receive. If they see the revenue earned by them including profitable, then investors will not hesitate to invest their capital in the company. This study aims to determine and analyze the factors affecting the DPR of food and beverage manufacturing companies in Indonesia listed on the Indonesia Stock Exchange from 2010 to 2014. There are 5 (five) independent variables that represent the ratio of published financial performance, which allegedly affect the House of Representatives i.e., Cash Position (CP), Free Cash Flow (FCF), Debt to Equity Ratio (DER), Return on Assets (ROA), and Company Size (CS). Based on the results of the tests conducted can be seen that there are two independent variables namely the ratio of CP and ROA which have a significant effect on DPR, while the other three variables are FCF, DER, and CS have no significant effect on devidend payout ratio.

Green innovation and sustainable industrial systems within sustainability and company improvement perspective

This paper comprises discussion of Green Innovation and Sustainable Industrial Systems within Sustainability and Company Improvement Perspective of beverage manufacturing company (BMC). The stakeholder theory is the grand theory for the company improvement perspective in this paper. The data processing in this paper is conducted through software which are SEM-PLS with SmartPLS 2.0 and SPSS 19. The specified objective of this paper has focus on sustainability as one of 6 variables, in lieu of those 6 variables as the big picture. The reason behind this focus on sustainability is the fact that there are assorted challenges in sustainability that is ranging from economic, environment and company perspectives. Those challenges in sustainability include the sustainable service supply chain management and its involvement of society. The overall objective is to analyze relationship hypothesis of 6 variables, 4 of them (leadership, organizational learning, innovation, and performance) are based on Malcolm Baldrige’s performance excellence concept to achieve sustainability and competitive advantage through company-competitor and customer questionnaire, and its relation to Total Quality Management (TQM) and Quality Management System (QMS). In conclusion, the spearheaded of company improvement in this paper is in term of consumer satisfaction through 99.997% quality standards. These can be achieved by ambidexterity through exploitation and exploration innovation. Furthermore, in this paper, TQM enables to obtain popularity brand index achievement that is greater than 45.9%. Subsequently, ISO22000 of food security standard encompasses quality standard of ISO9000 and HACCP. Through the ambidexterity of exploitation and exploration (Non Standard Product Inspection) NOSPI machine, the company improvement generates the achievement of 75% automation, 99.997% quality control standard and 80% of waste reduction.

PENGARUH PERPUTARAN KAS DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS PERUSAHAAN SUB-SEKTOR FOOD AND BEVERAGES TAHUN 2012-2016

The objective of this research is to determine the effect of cash turnover and receivable turnover to profitability (ROA). Data used in this study were secondary data from financial statements in Indonesia Stock Exchange in the year of 2012 to 2016 of a food and beverage manufacturing company. Independent variables in this research are cash turnover and receivable turnover, while the dependent variable in this study is profitability. The analysis method used is multiple linear regression, determination coefficient test (R2), F test and T-test. The result of these analyses showed that profitability was influenced simultaneously by cash turnover and receivable turnover. While on partial analysis showed only cash has significant influence to profitability.&#x0D; &#x0D; Keywords: Cash Turnover, Accounts Receivable Turnover, Profitability