Quantitative analysis of the factors affecting profitability in Indonesian consumer goods industry

Authors

  • Ria Meilan Institut Teknologi dan Bisnis Widya Gama Lumajang
  • Riza Ramadhan Institut Teknologi dan Bisnis Widya Gama Lumajang
  • Een Yualika Ekmarinda Institut Teknologi dan Bisnis Widya Gama Lumajang
  • Heni Heni Institut Teknologi dan Bisnis Widya Gama Lumajang
  • Sochib Sochib Institut Teknologi dan Bisnis Widya Gama Lumajang

DOI:

https://doi.org/10.32528/issh.v2i3.428

Keywords:

profitability, cash turnover, inventory turnover, account receivable turnover

Abstract

This study aims to quantitatively examine the factors that influence profitability in Indonesia consumer goods industry. Profitability is the dependent variable in this test, while cash turnover, inventory turnover and accounts receivable turnover are independent variables. Samples were taken using a purposive sampling technique and resulted in 22 consumer goods industry companies listed on the Indonesia Stock Exchange during the 2019-2021 period. Data were analyzed using multiple linear regression to examine the influence of cash turnover, inventory turnover, and accounts receivable turnover on profitability. The results showed that cash turnover and accounts receivable turnover had a positive effect on profitability, while inventory turnover had no effect on profitability. The adjusted R square value indicates that 27% of profitability can be influenced by cash turnover, inventory turnover, and accounts receivable turnover, while the remaining 73% is influenced by other variables not included in the study.

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Published

2023-09-25

Issue

Vol. 2 No. 3 (2023): Proceedings of International Conference (ICON)

Section

Articles

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