Open AccessThe Model of Heavy Industries Profitability
Author(s) -
Raja Inaldy Sulistyawan Nasution
Publication year - 2021
Publication title -
türk bilgisayar ve matematik eğitimi dergisi
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.218
H-Index - 3
ISSN - 1309-4653
DOI - 10.17762/turcomat.v12i4.1415
Subject(s) - profitability index , accounts receivable , cash , business , inventory turnover , stock exchange , operations management , finance , economics
The purpose of this study was to analyze the influence of cash turnover, receivebles turnover and sales on profitability of Astra International registered on Indonesian Stock Exchange within the time span of eight years (2011 to 2018). Methods of data analysis using the classic assumption test, multiple linear regression analysis, F test, and t test. The Finding of this study were cash turnover, receivable turnover,and sales have a simultaneously affect on profitability of Firm, Whereas the two variables, cash turnover and sales had a partially positive affect on profitability of Firm, Meanwhile receivable turnover had a partially negative affect on profitability of Firm. The implication of this study to the firm in facing challenging business conditions is to implement cost efficiency programs that emphasize various innovative steps and at the same time focus on the availability of distribution support, ease of access and guaranteed product and service quality for customers.