营运资金管理对公司财务绩效的影响

Rorlen Rorlen, Halim Putera Siswanto, Margarita Ekadjaja, Ariel Krisnaputra
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引用次数: 0

摘要

本研究的目的是确定公司努力管理营运资金对改善公司财务绩效的影响。正确运作公司营运资金的一种方法是实施现金转换周期。现金周转周期是公司现金流量的一个周期,它是用平均回收期、存货周转率和平均付款期的比率来衡量的,它间接影响公司的盈利能力。研究对象为2017-2020年间在印尼证券交易所(IDX)上市的零售公司。使用EViews应用程序进行双回归分析,结果表明平均回收期(ACP)对财务绩效有积极但不显著的影响。平均支付周期(APP)和库存回收期(ICP)这两个变量对公司的财务绩效都有显著的负向影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
THE EFFECT OF WORKING CAPITAL MANAGEMENT ON COMPANY FINANCIAL PERFORMANCE
The purpose of this study is to determine the effect of the company's efforts to manage working capital in improving the company financial performance. One way to operate the company's working capital properly, is by implementing the cash conversion cycle. Cash conversion cycle is a cycle of cash flow in the company which is measured by using the ratios of the Average Collection Period, Inventory Turnover, and Average Payment Period, and indirectly has an influence on the profitability of the company. The research subjects are retail companies listed on Indonesia Stock Exchange (IDX) between 2017-2020. Using double regression analysis with the EViews application, the result was obtained that the Average Collection Period (ACP) has a positive but not significant effect on financial performance. Different results were obtained from the variables of Average Payment Period (APP) and Inventory Collection Period (ICP), in which each of them has a significant and negative effect on financial performance of the company.
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