ANALISIS LIKUIDITAS PERUSAHAAN BERDASARKAN PERPUTARAN KAS, PIUTANG, DAN PERSEDIAAN PERUSAHAAN
DOI:
https://doi.org/10.29082/d4a1mk57Keywords:
liquidity, cash turnover, accounts receivable turnover, inventory turnover, working capitalAbstract
This study aims to analyze the effect of cash turnover, accounts receivable turnover, and inventory turnover on the liquidity of companies in the basic materials sector, particularly the metal and mineral industry, listed on the Indonesia Stock Exchange. Liquidity is a critical aspect of corporate financial sustainability because it is directly related to a company’s ability to meet its short-term obligations. This study employs a quantitative approach using secondary data obtained from corporate financial statements. The sample was selected through purposive sampling based on criteria relevant to the research objectives. Data were analyzed using multiple linear regression, supported by descriptive statistical analysis, classical assumption testing, partial testing, simultaneous testing, and the coefficient of determination. The findings indicate that cash turnover has a negative and significant effect on liquidity, suggesting that a high intensity of cash utilization does not necessarily strengthen a company’s ability to meet short-term obligations when it is not accompanied by adequate cash availability. Accounts receivable turnover does not have a significant effect on liquidity, indicating that the effectiveness of receivables collection is not yet a primary determinant of corporate liquidity. Meanwhile, inventory turnover has a positive and significant effect on liquidity, demonstrating that efficient inventory management can strengthen a company’s short-term financial position. Overall, the findings confirm that working capital management, particularly cash and inventory management, plays an important role in maintaining the liquidity stability of companies in the metal and mineral basic materials sector
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