Analysis of Liquidity, Solvency, and Working Capital Turnover: Implications for Company Profitability in the Digital Era

Authors

  • Agus Fuadi Universitas Pelita Bangsa Author
  • Dian Sulistyorini Wulandari Universitas Pelita Bangsa Author
  • Astrya Nurhasan Universitas Pelita Bangsa Author

DOI:

https://doi.org/10.62504/jimr897

Keywords:

liquidity, solvency, working capital turnover, and Profitability

Abstract

This study investigates the impact of liquidity, solvency, and working capital turnover on profitability among manufacturing companies in the consumer goods sector for the 2019-2022 period. The research utilized a sample of 50 companies based on financial reports from IDX. Using purposive sampling with specific criteria, the final sample included 108 companies. The data was analyzed using multiple linear regression, processed with SPSS 25, following classic assumption tests for normality, multicollinearity, autocorrelation, and heteroscedasticity. The analysis reveals that liquidity and working capital turnover do not significantly affect profitability, while solvency significantly impacts profitability. Overall, liquidity, solvency, and working capital turnover together significantly affect profitability.

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Published

27-09-2024

Issue

Vol. 2 No. 9 (2024): September 2024

Section

Articles

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Copyright (c) 2024 Agus Fuadi, Dian Sulistyorini Wulandari, Astrya Nurhasan (Author)

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

How to Cite

Analysis of Liquidity, Solvency, and Working Capital Turnover: Implications for Company Profitability in the Digital Era. (2024). Journal of International Multidisciplinary Research, 2(9), 193-200. https://doi.org/10.62504/jimr897

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