PENGARUH EFEKTIVITAS MODAL KERJA TERHADAP ROI PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Abstract

This study is aimed to examine the influence of cash turnover, accounts receivable turnover and inventory turnover to the ROI on manufacturing companies which are listed in Indonesia Stock Exchange during 5 year period i.e.from 2011 to 2015. This research is a quantitative research which has been done by analyzing the secondary data. The population is 144 manufacturing companies which are listed in Indonesia Stock Exchange. The sample collection techniquehas been done by using purposive sampling and six companies have been selected as samples. The result of the test showsthat the influence cash turnover, accounts receivable turnover and inventory turnover of manufacturing companies which are listed in Indonesia Stock Exchange is significant. It indicates that the models which have been used in thisresearcharefeasibleforthe next analysis. The result of the research simultaneously shows cash turnover, accounts receivable turnover and inventory turnover give significant influence to the ROI. Meanwhile, partially shows that the cash turnover, account receivables turnover and inventory turnover give significant influence to the ROI. The result of the partial determination coefficient testshows that accounts receivable turnover is the variable which give the dominant influenceto the ROI of all manufacturing companies which are listed in Indonesia Stock Exchange.
Keywords: Cash turnover, account receivable turnover, inventory turnover, and Return on Investment.