Receivable Turnover Research Articles

The effect of inflation, interest rates, working capital turnover, receivables turnover on share prices of property and real estate sub-sector companies listed on the IDX

This study aims to investigate the Effects of Inflation, Interest Rates, Working Capital Turnover, and Receivables Turnover on Share Prices in Property and Real Estate subsector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The background of this research arises from the need for further understanding of the economic and financial factors that may affect stock prices in the property and real estate sectors. This study uses a quantitative approach with a population of all property and real estate subsector companies listed on the Indonesia Stock Exchange, totaling 85 companies. The research sample was taken by purposive sampling method, and the number of samples set was 10 companies. Data was collected from the annual financial statements of these companies during the study period. The data analysis method used is a regression test with a t test to see the influence of variables partially, an F test to see the influence simultaneously, and a coefficient of determination (R2) test to find out how much variation in Stock Prices can be explained by independent variables. The results showed that Inflation, Interest Rates, and Working Capital Turnover had a significant influence on Stock Price, while Receivables Turnover did not have a significant influence. Simultaneously, these four variables have a significant influence on the Share Price of Property and Real Estate subsector companies.

Pengaruh Tingkat Perputaran Kas dan Piutang Terhadap Rentabilitas pada Perusahaan Manufaktur Sektor Makanan dan Minuman yang Terdaftar Dibursa Efek Indonesia Tahun 2018-2021

Profitability is an illustration of a company's progress which can be seen from the level of cash and receivables turnover. This research aims to determine and analyze the effect of the level of cash and receivables turnover on profitability in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2018-2021, either partially or simultaneously. The type of data used in the research is quantitative data sourced from annual financial reports sourced from annual reports. The data source in this research is secondary data. The population in this study were sub-food and beverage manufacturing companies listed on the Indonesia Stock Exchange in 2018-2021 with a total of 36 samples. The sampling technique used purposive sampling technique according to the specified criteria and obtained 36 companies. The data analysis method in this research uses multiple linear regression. Based on the results of the partial analysis, it is known that the results of the cash turnover rate have a significant effect on profitability. And the level of receivables turnover partially has a significant influence on profitability. And the level of cash turnover and receivables simultaneously has a significant effect on profitability in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in 2018-2021.

Activity Ratio to Measure Performance at PT. Jesry Karya Engenering Makassar City

This article analyzes the activity ratio in measuring the performance of PT. Jesry Karya Engenering Makassar. The purpose of this article is to understand the extent to which the company is able to manage and utilize its assets efficiently to support the company’s operational activities. This article uses a quantitative descriptive approach with data collection methods through documentation, specifically utilizing the company’s financial reports (balance sheets and income statements for the 2019-2021 period). The data analysis technique used is by calculating the ratio then the calculation result will be interpreted to conclude the ratio result with the company performance. From the findings, it is found that the performance of PT. Jesry Karya Engenering Makassar as measured by the ratio of accounts receivable turnover, working capital turnover, and asset turnover is still relatively low. However, if measured from the inventory turnover ratio, the performance of PT. Jesry Karya Engenering Makassar is quite high.

Analisis Pengaruh Rasio Lancar, Perputaran Piutang, dan Rasio Hutang terhadap Return on Asset pada Perusahaan Food and Beverage

This study aims to analyze the effect of current ratios, accounts receivable turnover, and debt to asset ratios on ROA in Food and Beverage Companies listed on the Indonesia Stock Exchange for the period 2018 to 2021. The population taken in this study was 72 companies. With a sample of 25 companies. The sampling technique is using purposive sampling technique. The place of research used is the Indonesia Stock Exchange on financial report data for food and beverage companies. The time for data collection is from 2018 to 2021. The results of the current ratio variable test have a significance value of 0.296 > 0.05 with a t value of 1.053 and a coefficient of 0.114. Receivables turnover variable has a significance value of 0.421 > 0.05 with a t value of 0.810 and a coefficient value of 0.073. The debt to asset ratio variable has a significance value of 0.000 < 0.05 with a t value of -5.814 and a coefficient value of -0.661. Based on the research results, the following results are obtained: a. The current ratio variable has no effect on return on assets. b. Receivables turnover variable has no effect on return on assets. c. The debt ratio variable has an effect on return on assets..

WORKING CAPITAL MANAGEMENT AND FINANCIAL PERFORMANCE: EVIDENCE FROM ALTERNATIVE ENERGY FIRMS IN THE UK

Purpose: This study examined the impact of working capital management on the financial performance of alternative energy in the UK from 2015 to 2022. The proxy used includes receivable turnover, payable turnover, inventory turnover and return on asset. The study employs an ex-post facto research design using panel data from the sampled firms' annual reports. Methodology: The panel data were analysed using descriptive statistics, correlation matrix and panel regression analysis. The Hausman specification test showed that the fixed effect was more appropriate. Findings and Conclusion: The findings show that receivable turnover has a significant positive impact on the return on assets of the alternative firm in the UK. In addition, payable turnover has a significant negative effect on return on assets, while the findings on inventory turnover have an insignificant impact on return on assets. These findings imply that working capital management significantly affects the financial performance of alternative energy firms in the UK. Based on the conclusion, the study recommends that oil and gas firms increase their net cash flow from operating activities to increase their financial performance. Originality/Value: Globally, it is acknowledged that many companies fail due to poor working capital management. This study contributes to knowledge by examining the effect of working capital management on the financial performance of alternative energy firms in line with sustainable development goals in achieving a sustainable UK economy. This has not been previously studied.

The Effect of Receivables Turnover, Inventory Turnover and Current Ratio on Profitability

Manufacturing companies in the food and beverage sub-sector in 2015-2019 show corporate profit figures that fluctuate yearly. With this phenomenon, companies must strive to increase profits through cost management and know the factors that significantly influence the level of Return On Assets. This study aims to determine the effect of Accounts Receivable Turnover, Inventory Turnover, and Current Ratio on Return on Assets. The population of the food and beverage sub-sector companies listed on the Indonesia Stock Exchange 2015-2019 is 130, with a sample of 70 using a purposive sampling technique. This study uses quantitative causal analysis. The results of this study indicate that Accounts Receivable Turnover (X1) and Inventory Turnover (X2) has a significant negative effect. In contrast, the Current Ratio (X3) significantly positively affects Return on Assets.

Pengaruh Perputaran Kas dan Perputaran Piutang terhadap Profitabilitas Pada UMKM di Kota Pariaman

This research aims to determine the influence of cash turnover and accounts receivable turnover on profitability in MSMEs in Pariaman City. The background to this title is that many MSMEs in Pariaman City do not have bookkeeping that is in accordance with accounting standards so that the level of profit obtained cannot be calculated in detail. collect This research uses a quantitative type of research. The data taken is secondary data by conducting direct interviews with business owners, by preparing questions and looking at bookkeeping records made by MSME actors. This research carries out classical assumption tests, hypothesis testing using SPSS version 21. The results of the research state that looking at the results of the tests that have been carried out proves that both variables partially and simultaneously have a significant effect on profitability and it can also be seen that the Adjusted R Square is 0.435. This means that 43.5% of the Profitability variable is influenced by cash turnover and the remaining 56.5% of receivables turnover is influenced by other variables outside of this research variable.

Kinerja Keuangan PT Industri Jamu dan Farmasi Sido Muncul,TBK Periode 2017-2021

The purpose of this research is to describe and analyze the financial performance of PT Industri Jamu dan Farmasi Sido Muncul,Tbk for the period 2017-2021. The research method used is quantiative descriptive, using financial ratio analysis and trend analysis. The research data used is financial reports. The results of reseacrh on financial ratio analysis show the financial performance of PT Industri Jamu dan Farmasi Sido Muncul,Tbk for the 2017-2021 periode as a whole is in goos condition except for the receivable turnover ratio which has experienced an increase which shows that the company is not good at managing it’s receivable. The results of the trend analysis show that the financial performance of PT Industri Jamu dan Farmasi Sido Muncul,Tbk for the period 2017-2021 tends to decrease in terms of current ratio, cash ratio, dan receivables turnover.The debt to asset ratio and debt to equity ratio are experiencing an increasing trend, this condition is not good because the company debt burden is increasing every year. Total asset turnover, net profit margin, and return on investment tend to increase, indicating better managemen of total assets. So that company gets better profits every year. Keywords: Finacial Performance, Liquidity, Activity, Solvency, Profitability

The Determination Factors of Firm Value by Return on Assets as Mediating Variable

This research was carried out to examine the effect between inventory turnover, receivables turnover, and sales growth on firm value with return on assets as a mediating variable. This research uses secondary data sourced from annual reports and IDX statistical data. The population of this research included 25 agricultural sectors. The sample selection method used a purposive sampling method with specific qualifications so that 120 data were obtained from 12 firms. The findings of this research are that receivables turnover and sales growth influence return on assets. Inventory turnover and receivables turnover do not affect firm value. However, there is a positive and significant influence of sales growth and return on assets on firm value. In addition, return on assets can mediate receivables turnover on firm value.

Pengaruh Perputaran Kas, Perputaran Piutang Dan Perputaran Persediaan Terhadap Profitabilitas Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Periode 2017-2019

The objective of this research is to observe the significant effect of cash turnover, accounts receivable turnover and inventory turnover on profitability. This research was conducted at mining companies on the Indonesia Stock Exchange on the year of 2017 until 2019 which amounted to 14 companies as samples that fit the criteria. The sampling technique used was purposive sampling technique. Data were obtained by literature study and documentation. The data analysis method used was multiple linear regression analysis. The results of the research on the T test shows that cash turnover has no effect on the profitability (ROA) of mining companies listed on the IDX for the 2017-2019 period. Accounts receivable turnover has a negative and significant effect on the profitability (ROA). Inventory turnover has a positive and significant impact on the profitability (ROA). Overall, the results of the research on the F test show that cash turnover, accounts receivable turnover and inventory turnover have a simultaneous effect on profitability.

The Effect of Cash Turnover and Receivables Turnover on Profitability of Food and Beverages Company

Tujuan. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh perputaran kas dan perputaran piutang terhadap profitabilitas.
 Metode. Metode pengambilan sampel dalam penelitian ini menggunakan teknik purposive sampling, dengan menggunakan jenis data kuantitatif yang melibatkan 108 data dari 27 perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia. Data sekunder yang digunakan dalam penelitian ini dikumpulkan dari catatan keuangan dengan menggunakan skala rasio. Metode analisis yang digunakan adalah analisis regresi linear berganda.
 Hasil. Berdasarkan penelitian tersebut, profitabilitas perusahaan makanan dan minuman pada tahun 2018 hingga 2021 tidak terpengaruh oleh perputaran kas dan perputaran piutang. Penelitian ini menggunakan variabel kontrol dengan situasi sebelum dan sesudah pandemi dan menunjukkan bahwa variabel kontrol tidak berpengaruh terhadap profitabilitas.
 Implikasi. Hasil penelitian ini memberikan implikasi untuk perbaikan penelitian serupa di masa yang akan datang untuk lebih memperluas cakupan sampel perusahaan, tahun penelitian, dan faktor-faktor lain yang mempengaruhi profitabilitas sehingga memperoleh hasil penelitian yang lebih baik.

Analisis Kinerja Perusahaan Sebelum dan Saat Pandemi serta Pengaruhnya terhadap Nilai Perusahaan

This study aims to conduct tests and analyses related to differences in financial performance before and after the COVID-19 pandemic and to see whether financial performance affected the value of food and beverage companies listed on the Indonesia Stock Exchange in 2018-2021. This research proxies firm value using price-to-book value (PBV). Meanwhile, financial performance is divided into three independent variables: Return on Assets as a measure of profitability, receivable turnover, and debt-to-equity ratio (DER) as a measure of leverage. This quantitative research method uses purposive sampling so that 23 companies are obtained, 46 samples for the different tests, and 92 samples for the influence test. This research used the paired sample t-test and the Wilcoxon test for the difference test, and the panel data regression test was used for the effect test. Processing data is carried out using the STATA Version 16 application. Based on the results of the tests that have been carried out, it is found that profitability differs between before and during the COVID-19 pandemic. In contrast, receivable turnover and leverage have no difference. Lastly, the influence test in this study shows that profitability significantly affects firm value, while accounts receivable turnover and leverage do not affect the firm value.

Analysis of Receivables Turnover at PT. Primarindo Asia Infrastructure Tbk Bandung 2019-2021 Period

PT Primarindo Asia Infrastructure Tbk Bandung, a company specializing in the production and marketing of sports/casual footwear, has faced fluctuations in receivables and an annual increase in provisions for the impairment of receivables during the period 2019-2020. This indicates challenges in receivables management and an escalation of the risk of payment failure by debtors. The objective of this research is to analyze receivables turnover and identify obstacles as well as efforts made by PT Primarindo Asia Infrastructure Tbk Bandung in addressing receivables turnover issues. This research utilizes a descriptive quantitative approach to analyze data by illustrating situations using numerical figures, which are subsequently analyzed to present research findings in the form of a research report. Data collection methods involve non-participant observation and interviews. Data analysis techniques use receivables turnover ratios and average collection periods, applying evaluation standards based on Kasmir's theory. Based on the research findings, it is revealed that receivables turnover from 2019 to 2021 is below the evaluation standard set by Kasmir's theory, stating that the ideal receivables turnover is around 15 times.

Credit Scoring Modelling For Corporate Banking Institutions

This research aims to build a credit scoring modeling simulation of bank corporate loans. The credit scoring model is used in assessing creditworthiness in credit decisions. This model determines whether or not a company is eligible for the corporate credit facility it proposes. Observations were made of 100 companies included in the list of Kompas100 Index formers on the Indonesia Stock Exchange (IDX) that have the potential to apply for loans/credits to Bank Financial Institutions (IKB) in optimizing the corporate capital structure through bank debt facilities in the period 2022. Analysis was conducted on five financial aspects consisting of 14 research variables, including (i) liquidity aspects, including current ratio and quick ratio variables; (ii) solvency aspects, including debt asset ratio and equity ratio variables; (iii) profitability aspects including return on net assets, operating profit ratio, price to earnings ratio variables, (iv) activity aspects including total asset turnover, accounts receivable turnover, inventory turnover, current assets turnover, and (v) growth aspects including operating income growth rate, total assets growth rate, and operating profit growth rate variables. The analysis tool uses Logistic Regression through an assessment conducted on the company's credit rating as a proxy for the dependent variable, worth one if the credit application is feasible and worth 0 if the credit application is not feasible with a cut-off point of 0.5. The results show that credit scoring modeling for corporate credit is significantly formed from liquidity (CR) and solvency (DER) aspects. Out of 61 companies classified as not eligible for credit facilities, 58 companies were classified correctly, and out of 39 companies classified as eligible, 29 companies were classified correctly. The overall percentage shows 68.0, meaning that the logistic regression model has an accuracy of 68%.

Cash turnover and receivables turnover to the profitability of food and beverages sector companies for the 2018-2022 period

Increasingly complex market dynamics and intense business competition are challenges for companies to maintain and improve their financial performance, especially in the food and beverages subsector. This study investigates the interaction between cash turnover, accounts receivables, and company profitability in Indonesia's food and beverages sector. The goal is to gain insight into how these factors interact and affect the overall profitability of a particular food and beverage company. This analysis uses quantitative methods based on financial data and relevant metrics for a sample of 17 food and beverage companies operating in Indonesia according to the variables studied. This study examines the relationship between cash turnover, receivables turnover, and profitability through statistical analysis and linear regression modeling techniques with SPSS version 26. The results showed that cash turnover significantly negatively affected profitability in food and beverages. Receivables turnover does not exert a significant effect on profitability. Cash turnover and receivables turnover also simultaneously do not have a substantial impact on profitability. The findings contribute to the existing literature on company valuations by providing empirical evidence specific to the food and beverages sector. The research has implications for policymakers, investors, and managers, as it offers valuable insights into the factors that drive a company's profitability, helping stakeholders make decisions and strategies to improve performance and competitiveness. Provide benefits in the context of financial management.

Effect of Management Efficiency on Performance of Listed Consumer Goods Companies in Nigeria

The objective of this study is to examine the effect of management efficiency on performance of listed consumer goods companies in Nigeria. The study adopted Ex-post facto research design. The population of this study consists of the whole 21 listed consumer goods firms in Nigerian Exchange Limited as at 31st December, 2021. The study used 16 firms out of the total population as the sample size. The study used secondary data, secondary data used were collected from annual reports of the sampled companies for seven years period from 2015-2021. Ordinary Least Square Regression model was developed to test the linear relationship between the dependent and independent variables. It was operated using STATA version 15. The results of the Ordinary Least Square Regression revealed that, Account receivable turnover, Inventory turnover, Non-current assets turnover and Operating expenses was found to have positive and significant influence on our dependent variable(firm performance), proxy as EPS among the quoted consumer goods firms in Nigeria. The study concluded that the four variables that were examined have a joint effect on the corporate performance, that is, management efficiency influence corporate performance in Nigeria

Faktor-Faktor Yang Mempengaruhi Profitabilitas Pada Perusahaan Sektor Usaha Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia

Business profit is the main goal of establishing a company by a group of individuals who run their business. Every year, the owner will set a profit target to be achieved so that management as directors try to optimize all assets owned by the company, both short-term and long-term assets. To achieve profit goals from business activities, the company will try to maintain short-term ratio stability, fast payments, inventory turnover, receivables turnover, DER system and working capital turnover so that every year the company operates well and stably and is relatively stable in the business as it runs. The aim of this research is to analyze the effect of the current ratio, quick ratio, inventory turnover, accounts receivable turnover, DER and partial working capital turnover as well as on the profitability of consumer goods industrial companies listed on the IDX. The basic group includes no less than 73 companies in the consumer goods industry, the sampling method is purposive sampling so that sample includes 37 companies and no less than 111 observations were made. Data analysis techniques are multiple linear regression, classical assumption testing and hypothesis testing. The research results show that the current ratio, debt ratio, inventory turnover, accounts receivable turnover, and DER ratio partially have a positive and significant effect on the profitability (ROA) of consumer goods companies listed on the IDX, while working capital circulation has no significant effect on the company’s profitability. Meanwhile, the current ratio, quick ratio, inventory turnover, receivables turnover, DER ratio and working capital turnover have a significant effect on the ROA of consumer goods companies on the IDX.There is a strong correlation between a company’s current metrics, short-term metrics, inventory turnover, receivables turnover, DER, working capital turnover and ROA. ROA can be explained by the Current ratio, Quick Ratio, Inventory Turnover, Receivables Turnover, DER and Working Capital Turnover. 55,5% the remaining 44.5% can be explained by other variables that have not been tested. 
 Keywords: Current ratio, Quick Ratio, Inventory Turnover, Receivables Turnover, DER, Working Capital Turnover, ROA

ANALYSIS OF THE EFFECT OF CASH TURNOVER, INVENTORY TURNOVER, AND RECEIVABLES TURNOVER ON PROFITABILITY IN MANUFACTURING COMPANIES LISTED ON THE IDX FOR THE 2019-2021 PERIOD

This study aims to find out and analyze whether there is a significant effect of cash turnover, inventory turnover, and accounts receivable turnover on the profitability of manufacturing companies listed on the IDX for the 2019-2021 period. The data used in this study is secondary data, namely the financial reports of manufacturing companies listed on the IDX for the 2019-2021 period. The type of data in this study is quantitative using panel data. The population of this study includes 46 manufacturing companies listed on the IDX for the 2019-2021 period. The sample used is 35 samples. The data analysis used in this study is the model feasibility test method, descriptive analysis, classic assumption test, multiple regression test, and hypothesis testing with panel data using Eviews 10 software. The results showed that the cash turnover variable had no effect on profitability, inventory turnover had a positive and significant effect on profitability, and accounts receivable turnover had a positive and significant effect on profitability.

Analisis Current Ratio, Debt To Equity Ratio, Receivable Turnover, Return On Equity, Dan Price Earning Ratio Sebagai Alat Untuk Menilai Kinerja Keuangan

This research aims to analyze the Current Ratio, Debt to Equity Ratio, Receivable Turnover, Return on Equity, and Price Earning Ratio as tools for assessing the financial performance of cement companies listed on the Indonesia Stock Exchange for the 2019-2021 period. This type of research is a case study using secondary data. The population was 7 companies, sampling using the purposive sampling method selected 4 companies as samples. The library study data collection method uses documentation data collection techniques, and the data analysis technique uses quantitative descriptive. The company that has the best financial performance is PT Indocement Tunggal Prakarsa Tbk seen from the Current Ratio, Debt to Equity Ratio, and Price Earning Ratio which are above the standard ratio, while the company that has less good financial performance is PT Solusi Bangun Indonesia Tbk seen from the ratio. Current Ratio, Debt to Equity Ratio, Receivable Turnover, and Return on Equity are below the standard ratio

The justification of methodological approach of machine-building enterprises efficiency assessment

The article argues for the relevance of researching contemporary methods and tools for assessing the effectiveness of industrial enterprises, particularly in the context of the adverse impact of the country's economy. Specifically, an analysis of the profitability levels of industrial enterprises, also in the machinery industry, was conducted, revealing low-efficiency indicators. Machine-building enterprises are a crucial pillar of the economy, and their development contributes to the country's and society's overall economic progress and the acceleration of scientific and technological advancements. The author proposed a methodological approach to evaluating the efficiency of enterprise operations, reflecting the processes, methods, and planned results of its application for assessing the efficiency of industrial enterprises. To simplify the calculation process and the number of indicators, an invariant model for assessing the efficiency of enterprise operations was suggested. The "centers of gravity" method was used to construct the suggested model. This involved forming an array of analyzed data, standardizing the output data, and calculating the matrix of Euclidean distances for each group of enterprise development indicators. The representative indicators for each group were chosen based on the minimum value of the sum of Euclidean distances. The obtained results were economically interpreted. The invariant model was also based on calculating four representative indicators by efficiency groups. According to the justified model, the representative for the group of indicators of the efficiency of internal business processes and the scientific-technical production level was the profitability of production. The effectiveness of the customer component was reflected in the accounts receivable turnover. Workforce efficiency reflects labor productivity, and the efficiency of the financial component was assessed by calculating the profitability of equity. Keywords: enterprise efficiency, enterprise development, methodical approach to assessing enterprise efficiency, intuitive model.