This study aims to test and analyze the effect of effectiveness of cash turnover, receivables,and working capital on economic rentability in the New Grogolan Market Traders Cooperative of Pekalongan City from 2016 to 2020. The method used in this study was quantitative research method with documentation techniques and analyzed used multiple linear regression analysis. The results of this study showed (1) the effectiveness of cash turnover has no significant effect on economic rentability, (2) the effectiveness of receivables turnover has no significant effect on economic rentability, (3) the effectiveness of working capital turnover has a positive and significant effect on economic rentability, and (4) there is a positive and significant effect on the effectiveness of cash turnover, receivables, and working capital together on economic rentability.
Keywords: Turnover of cash, turnover of receivables, turnover of working capital, and economic rentability.
The purpose of this study was to examine and analyze the impact of financial emergencies using the Altman zscore method on the share prices of companies in the retail subsector on the Indonesian Stock Exchange. This study uses an intentional sampling method with an overall sample of 23 companies in the retail subsector. The analysis of this study uses the Eviews 10 program. This study uses 5 independent variables and 1 dependent variable, the dependent variable of this study consists of working capital to total assets (WCTA), retained earnings to total assets (RETA), earnings before interest and Taxes on total assets (EBITTA), market value of equity to book total (MVEBVTL), sales to total assets (STA), while the dependent variable of this investigation is the price of the shares. Based on the results of this study, it is partially determined that (1) WCTA has a significant negative impact on share prices. (2) RETA have no influence on the share price. (3) EBITTA have a positive and decisive effect on the share price. (4) MVEBVTL has a positive and significant influence on share prices and (5) STA have no influence on share prices.Simultaneously all independent variables, namely WCTA, RETA, EBITTA, MVEBVTL, and STA affect the share price when examined together.
Keywords: altman z-score, financial distress, insolvency
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.