The Effect of Working Capital on Liquidity at PT. Indofood CBP Sukses Makmur Tbk on the Indonesia Stock Exchange

Abstract

The purpose of this study was to determine the effect of working capital on liquidity at PT. Indofood CBP Sukses Makmur Tbk on the Indonesia Stock Exchange. The variables used in this study consist of independent variables consisting of Cash Turnover and Inventory Turnover, while the dependent variable is profitability as measured by Quick Ratio, with units of percent. the population in this study is the financial statements of PT Indofood CBP Sukses Makmur Tbk. Those listed on the IDX (2015 Quarter IV to 2022 Quarter III), while the sample used in this research is Quarterly Financial Reports and Quarterly Profit / Loss starting from 2015 Quarter IV to 2022 Quarter III. At PT Indofood CBP Sukses Makmur Tbk which is listed on the IDX. Data collection using documentation techniques. The method used in this study is the Multiple Linear Regression Method with a probability of 0.05. The results of the study show that: partially working capital (Cash Turnover) has a significant effect on Liquidity with a significance level of 0.008 and the Receivables Turnover variable has no significant effect on Liquidity with a significance level of 0.120. Simultaneously working capital as measured by Cash Turnover and Accounts Receivable Turnover has a significant effect on Liquidity with a significance level of 0.013 at PT. Indofood CBP Sukses Makmur Tbk on the Indonesia Stock Exchange. From the two independent variables Cash Turnover and Accounts Receivable Turnover it can be concluded that what has the dominant influence on Liquidity is the Cash Turnover variable with a significance level of 0.008