PENGARUH TINGKAT PERPUTARAN PIUTANG, PERSEDIAAN DAN MODAL KERJA TERHADAP RENTABILITAS EKONOMI (Studi Kasus : Perusahaan Manufaktur yang terdaftar di BEI Tahun 2007-2009)

Abstract

The data used in this study is data taken from the manufacturing company IDX (Indonesia Stock Exchange) in 2007-2009. The data used are the items of financial statement balance sheet and profit and loss financial statement. At the balance sheet, the data items used are inventories, receivables and working capital. Whereas in the income statement items that are used are in the post COGS (Cost of Goods Sold), sales and net income (net income). Based on the results of the analysis indicate that 1) Average turnover on the Stock Exchange manufacturing company can be said to be good and relatively stable due to the combined average is between the average value of the minimum receivable turnover and average value of the maximum turnover, and this means of payment debt on credit sales go well and smoothly. 2) Overall economic profitability of manufacturing firms can be said to be good, because the combined average economic rantabilitas is above the minimum and below the maximum value, this means that the strategy or the company's ability to generate and increase the profit is good. 3) The average turnover rate from 2007 to 2008 decreased by 0.53, while the average turnover rate of 2007 to 2008 increased by 1.76 times or by 19.62%. As for the average inventory turnover rate from 2007 to year 2009 decreased by 0.08 times or by 8%, whereas from 2008 to 2009, the average inventory turnover decreased significantly by 6.85. For the average working capital turnover rate from 2007 to 2008, an increase of 2.84 times. Meanwhile, from 2008 to 2009, the average rate of turnover of working capital decreased by 1.01 times. For the average economic rate of return the company, from 2007 to 2008 decreased by 0.89 times or by 30%, whereas from 2008 to 2009, experienced a very sharp decline, and it is also accompanied with a reduction in average Average inventory turnover rate from 2008 to 2009, that is equal to 1.88 times or 90%. From the results of research on manufacturing firms listed in IDX (Indonesia Stock Exchange) above there is a significant effect between the level of accounts receivable turnover, inventory turnover and working capital turnover rate of the economic profitability of the company.
Key words: IDX (Indonesia Stock Exchange), Receivable Turnover, Inventory Turnover, Working Capital Turnover Rate and Profitability in Business Economics.