Measurement of Working Capital Efficiency in State-Owned Banking Sector Listed on IDX
DOI:
https://doi.org/10.32493/eaj.v9i2.y2026.p121-133Keywords:
Efficiency, Working Capital, State-Owned Banking SectorAbstract
Efficient working capital turnover in the financial sector indicates that capital invested in cash, receivables, inventory, and other current assets can be converted into cash within a short period and repeated optimally. State-owned banks, as one of the main drivers of the economic sector in Indonesia, need to pay attention to the turnover of their current assets in order to maintain the stability of bank liquidity and to improve the working capital turnover ratio. The efficiency of working capital in the state-owned banking sector is supported by government efforts, one of which is increasing credit distribution to the public in order to enhance the future operational income of state-owned banks. Based on these conditions, this study aims to measure the efficiency of working capital utilization in state-owned banking companies listed on the Indonesia Stock Exchange (IDX). The analysis technique used is financial ratio analysis to measure the efficiency of working capital management, including the cash turnover ratio, accounts receivable turnover ratio, and working capital turnover ratio. Based on the calculation of working capital ratios in 2025, the results show a low cash turnover ratio, while the accounts receivable turnover ratio is relatively stable and safe. In general, the working capital turnover ratio of state-owned banks is categorized as efficient.
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