Inventory Efficiency and Company Liquidity's Impact on Company Performance

Authors

  • Thom Deutmar Londo Doaly Pamulang University

DOI:

https://doi.org/10.32493/eaj.v5i3.y2022.p%25p

Keywords:

Inventory Turnover, Quick Ratio, Return on Asset

Abstract

The purpose of this study is to determine whether there is (or is not) an effect of Inventory Efficiency (ITO) and Company Liquidity (QR) on Company Performance (ROA) in Textile and Garment sub-sector companies listed on the Indonesia Inventory Exchange from 2018 to 2020. In this study, Inventory Turnover (ITO) is used to measure inventory efficiency, Quick Ratio (QR) is used to measure company liquidity, and Return on Asset (ROA) is used to measure company performance. (ROA). The data used in this study is secondary data on Textile and Garment sector sub-companies listed on the Indonesia Stock Exchange between 2018 and 2020. A total of 84 samples were collected. The research method employed was descriptive qualitative. Descriptive qualitative research focuses on problems as current facts from a population. The study's findings indicate that Inventory Turnover has no effect and is insignificant on Return on Assets in the sub-sector. The company should continuously monitor and maintain the Inventory Turn Over value and the Quick Ratio value to ensure that the expected rate of return on assets (ROA) is achieved. For investors, the Inventory Turn Over and Quick Ratio values can be used to evaluate the company's ability to process inventory and liquidity.

References

Abdullah, H, Soejatmiko, Sari, RN (2016). “Pengaruh Return on Asset (DTA) dan Total Asset Turnover (TATO) terhadap Return Saham pada Perusahaan Property yang Terdaftar di Bursa Efek Indonesia Tahun 2011 – 2014â€. Dinamika Ekonomi. Vol. 9(2). 1 – 17.

Abdullah, H., Soedjatmiko, & Hartati, A. (2016). Pengaruh Eps, Der, Per, Roa Dan Roe Terhadap Harga Saham Pada Perusahaan Tambang Yang Terdaftar Di Bei Untuk Periode 2011-2013. DINAMIKA EKONOMI Jurnal Ekonomi Dan Bisnis, 9(1), 1–20.

Ariyagraha, N. F., & Suprihhadi, H. (2018). Pengaruh kinerja keuangan terhadap pertumbuhan laba dengan ukuran perusahaan sebagai variabel moderasi. Jurnal Ilmu Dan Riset Manajemen, 7(8), 1–19. http://jurnalmahasiswa.stiesia.ac.id/index.php/jirm/article/view/1540

Fahmi, I. (2015). Analisa Laporan Keuangan. Cetakan Kelima. Bandung : Alfabeta.

Farrell, A. F., & Rizal, N. A. (2021). Comparative Analysis Of Pt Perusahaan Listrik Negara ( Pln ) Financial Performance With Korean Electric Power Corporation ( KEPCO ) IN 2010-2019 PERIOD. ISSN : 2355-9357 e-Proceeding of Management, 8(5), 5538–5548.

Hantono. (2017). Konsep Analisa Laporan Keuangan dengan Pendekatan Rasio dan SPSS. Cetakan Pertama. Yogyakarta : Deepublish.

Ike, A., & Satrio, B. (2019). Pengaruh Rasio Keuangan Terhadap Profitabilitas Pada Perusahaan Pulp Dan Kertas Di Bei. Jurnal Ilmu Dan Riset Manajemen, 9(2), 1–18.

Jufrizen, & Nasution, M. F. (2016). Pengaruh Return on Assets, Total Assets Turnover, Quick Ratio, dan Inventory Turnover terhadap Debt to Assets Ratio pada Perusahaan Jasa Sub Sektor Perdagangan Besar Barang Produksi yang Terdaftar di Bursa Efek Indonesia. Jurnal Riset Akuntansi & Bisnis, 16(1), 45–70.

Kasmir. 2019. Analisis Laporan Keuangan. Edisi Pertama. Cetakan 12. Jakarta : Rajawali.

Kusjono, G. dan Rohman, M, A, A. (2020). “Pengaruh Quick Ratio dan Working Capital Turnover terhadap Return on Equity (ROE) pada PT. Gudang Garam Tbk Tahun 2012 -2018â€. Jurnal Ilmiah Feasible, Vol. 2(2). 168 – 182.

Nugrahanti, C. A., & Fuadati, S. R. (2018). Analisis Perbandingan Kinerja Keuangan Pada PT. Telekomunikasi Indonesia dan PT. XL Axiata Tbk. Jurnal Ilmu Dan Riset Manajemen, 7(7), 1–20.

Nabila, FL., Mardani, RM, & Rizal, M. (2020). Pengaruh Return On Asset (ROA), Debt to Equity Ratio (DER), Dan Inventory Turnover (ITO) Terhadap Harga Saham (Studi Empiris Pada Perusahaan Sektor Consumer Goods Industry Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016- 2018). e – Jurnal Riset Manajemen. 75 – 87.

Purnama, M. (2019). Pengaruh QR, DER, NPM. ITO terhadap Pertumbuhan Laba pada Perusahaan Keramik, Porselendan Kaca Tahun 2008 – 2017. Goodwill: Jurnal Penelitian Akuntansi. Vol 1 No. 2 October 2019: 119 – 129.

Satria, I. (2016). Pengaruh Manajemen Likuiditas, Manajemen Aset dan Manajemen Utang terhadap Laba. Jurnal Economia. Vol 12. No. 1: 32 – 42.

Sari, D. I., & Maryoso, S. (2022). Pengaruh QR, ROA, DAR Dan EPS Terhadap Return Saham Pada Perusahaan Manufaktur Yang Terdaftar Di Jakarta Islamic Index Periode 2017-2020. Jurnal Polban, 13(1), 955–964.

Sellyndah Primadani Putri. (2013). Analisis Kinerja Keuangan PT. Mitra Adi Perkasa Sebelum dan Sesudah Akuisisi terhadap PT. Premiere Doughnut Indonesia. Fakultas Ekonomi Dan Bisnis Universitas Brawijaya.

Siregar, M. Y., & Mardiana. (2020). Effect of Quick Ratio , Total Asset Turnover , and Receivable Turnover on Return on Assets in Food and Beverages Companies Listed on the Indonesia Inventory Exchange ( IDX ). Budapest International Research and Critics Institude-Journal (BIRCI-Journal), 5(1), 5347–5359. www.bircu-journal.com/index.php/birci

Tarau, M. F., Rasjid, H., & Dungga, M. F. (2020). Analisis Pengaruh Kinerja Keuangan Terhadap Return Saham Pada Perusahaan Sektor Industri Makanan Dan Minuman di Bursa Efek Indonesia

Published

2022-09-30

Issue

Vol. 5 No. 3 (2022): EAJ (Economics and Accounting Journal)

Section

Articles

License

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).

 

<a rel="license" href="http://creativecommons.org/licenses/by-sa/4.0/"><img alt="Creative Commons License" style="border-width:0" src="https://i.creativecommons.org/l/by-sa/4.0/88x31.png" /></a><br />This work is licensed under a <a rel="license" href="http://creativecommons.org/licenses/by-sa/4.0/">Creative Commons Attribution-ShareAlike 4.0 International License</a>.