The Influence Of Working Capital Management, Sales Growth And Leverage On Profitability: Empirical Study In Cosmetic And Household Goods Sub-Sector Companies Listed On The Indonesian Stock Exchange For The 2017-2022 Period

Marpaung, Annaria Magdalena and Marpaung, Bintang Sahala and Hutabarat, Arnol Sutantio and Sudjali, Iwan Purwanto and Sutarti, Sutarti (2024) The Influence Of Working Capital Management, Sales Growth And Leverage On Profitability: Empirical Study In Cosmetic And Household Goods Sub-Sector Companies Listed On The Indonesian Stock Exchange For The 2017-2022 Period. International Journal of Progressive Sciences and Technologies, 45 (2). pp. 575-583. ISSN 2509-0119

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Abstract

Current industrial developments affect the sustainability of the company, due to competition between companies. The level of competition makes the company have a strategy in business to survive and develop the business. The survival of the company is influenced by the profitability of the company itself. Companies in the cosmetics and household goods sub-sector have a role that is needed by society to support the appearance and needs of the family. The development of the cosmetics industry will make the company have potential and promising development opportunities for good investment. The research objective was to determine the effect of Working Capital Turnover (WCTO), Sales Growth (SG) and Debt to Asset Ratio (DAR) on Return on Assets (ROA) in cosmetics and household goods sub-sector companies listed on the Indonesia Stock Exchange for the period 2017-2022. The research method used was quantitative with a sample of 5 cosmetic and household goods companies using a purposive sampling method with criteria appropriate to the research objectives. With this data structure, the analysis used is multiple linear regression analysis. Testing the hypothesis in this study used the SPSS Software program (Statistics Package or the Social Scene) version 22.The results of the study simultaneously st ate that Working Capital Turnover (WCTO), Sales Growth (SG) and Debt to Asset Ratio (DAR) have an influence on Return on Assets (ROA) and partially Working Capital Turnover (WCTO) and Sales Growth (SG) does not affect Return on Assets (ROA). While partially Debt to Asset Ratio (DAR) has a positive effect on Return on Assets (ROA). electronic document is a “live” template and already defines the components of your paper [title, text, heads, etc.] in its style sheet. Keywords—working capital, sales growth, debt to asset ratio, return on assets

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Admin Repository
Date Deposited:	15 Aug 2024 01:52
Last Modified:	15 Aug 2024 01:52
URI:	http://repository.ibik.ac.id/id/eprint/1825

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