Pengaruh Perputaran Kas dan Perputaran Persediaan Terhadap Profitabilitas Pada Perusahaan Manufaktur Subsektor Makanan dan Minuman Yang Terdaftar dI Bursa Efek IndonesiaTahun 2019–2023

Abstract

This study aims to analyze the effect of cash turnover and inventory turnover on profitability among manufacturing companies in the food and beverage subsector listed on the Indonesia Stock Exchange during 2019–2023. This study employs a quantitative approach using secondary data obtained from companies’ annual financial statements. The sample was selected through purposive sampling, while the data were analyzed using multiple linear regression. The results indicate that cash turnover has a positive and significant effect on profitability. Inventory turnover also has a positive and significant effect on profitability and makes a relatively greater contribution than cash turnover. Simultaneously, both variables significantly affect profitability. The coefficient of determination of 53.9 percent indicates that variations in profitability can be explained by cash turnover and inventory turnover, while the remainder is influenced by other factors outside the model. These findings emphasize the importance of efficient cash and inventory management in improving financial performance.