Pengaruh Perputaran Kas dan Perputaran Piutang Terhadap Profitabilitas pada PT. Indosat Tbk yang Terdaftar di Bursa Efek Indonesia (BEI)

Abstract

As we know, the company's main goal is to focus on achieving profit. Achieving high profits in a company indicates that the company is able to carry out its operations properly. This can be seen from the company's performance report, namely the income statement and the company's financial position report. However, there are still many other factors that are not less important in the spotlight in assessing the level of efficiency of the company, among others, seen from the level of cash turnover and the rate of turnover of accounts receivable. This study aims to determine whether cash turnover (X1) and receivable turnover (X2) both partially and simultaneously have a significant effect on profitability at PT. Indosat. Tbk which is listed on the IDX. The data analysis method used is the classic assumption test, multiple linear regression analysis and hypothesis testing. The data used in this study are secondary data, by collecting quarterly PT Indosat Tbk financial statements in the form of balance sheets and income statements for 2008 up to 2017 which are listed on the Indonesia Stock Exchange. The sample used in this study is quarterly financial statements in the form of balance sheets and income statements of PT Indosat Tbk in 2008 up to 2017. The F test results, obtained F value of 10,502 with a significant level of 0,000 means that simultaneously (simultaneous) cash turnover and receivable turnover have a significant effect on profitability. The results of the t-test partially show the significance level obtained from the independent variables, namely cash turnover of 0,000 and turnover of accounts receivable by 0,001. This shows that cash turnover and receivable turnover have a significant effect on profitability. Based on the results of the study, the researchers suggest that investors should pay attention to the value of cash turnover and receivable turnover before making a decision to invest, and for companies should pay attention to cash and receivables management by paying attention to cash turnover and receivable turnover to be more effective and efficient so they can achieve maximum profit . For further researchers, they should add or multiply the independent variables which are still based on financial statements other than those used in this study while remaining based on previous studies.