Working Capital Turnover Analysis of Profitability Levels at PT Semen Indonesia (Persero) Tbk
Main Article Content
This study aims to determine the effect of working capital turnover (WCTO) on the level of profitability (ROA) at PT Semen Indonesia (Persero) Tbk. The population in this study is all financial report data of PT. Semen Indonesia (Persero) Tbk for the 2013-2020 period, while the samples in this study are statements of financial position and profit/loss statements. The documentation technique is the data collection technique used. The data collected was analyzed using financial ratios, simple regression analysis, correlation coefficients and t-test with the SPSS (Statistic Product and Service Solution) 24 For Windows program.
The findings in this study show that working capital turnover (WCTO) and profitability (ROA) have increased quarterly every year as measured by financial ratios. The results of the t-test show that the working capital turnover variable (WCTO) has a positive and significant influence on the level of profitability. The hypothesis in this study is accepted.
Darmawan. (2019). Basics of Understanding Financial Ratios and Statements. Yogyakarta: UNY Press.
Harapan, S. (2015). Critical Analysis of Financial Statements. Jakarta: PT Raja Grafindo Persada.
Kusuma, GI (2019). Analysis of the influence of profitability and growth rates on capital structure and firm value. Journal of Business and Accounting.
Sugiyono. (2017). Quantitative Research Methods, Quantitative and R&D. Bandung: Alphabet.
We Batary Pada, M. Ilham Wardhana Haeruddin, Nurman, Anwar Ramli, & Uhud Darmawan Natsir. (2023). Analysis Financial Performance at PT. Bank Sulselbar Period 2017-2021. Economics and Business Journal (ECBIS), 1(3), 157–166. https://doi.org/10.47353/ecbis.v1i3.23