PENGARUH PERPUTARAN KOMPONEN MODAL KERJA TERHADAP LIKUIDITAS PERUSAHAAN (Studi Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di BEI)

Abstract

This study aims to determine the effect of cash turnover, receivable turnover, inventory turnover and payable turnover on liquidity firms. The independent variables are the cash turnover, receivable turnover, inventory turnover and payable turnover. The dependent variable in this study is liquidity as measured by the current ratio.

This study uses quantitative methods and the type of research is explanatory research. The population used in this study is a food and beverage companies listed in Indonesia Stock Exchange (IDX) during the period 2010-2014. The sampling technique used in this study are saturated sampling method (census) and obtained 11 samples. This study used secondary data obtained from the annual report from the Indonesia Stock Exchange (IDX) in the period 2010-2014. The analytical methods used to analyze the data is multiple regression analysis were used to prove the hypothesis of the study. All data were analyzed using SPSS version 21 for Windows.

Results of the analysis states that the cash turnover, accounts receivable turnover, inventory turnover and payables turnover simultaneously significant effect on liquidity. Partially, cash turnover, accounts receivable turnover and inventory turnover have a significant impact on liquidity, while payable turnover have no significant effect on liquidity.

Keywords : Cash Turnover, Receivable Turnover, Inventory Turnover, Payable Turnover, Working Capital, Liquidity.