EFFECT OF CASH, RECEIVABLES, AND INVENTORY TURNOVER ON NET PROFIT MARGIN (NPM) IN FOOD & BEVERAGE SUBSECTOR MANUFACTURING COMPANIES

Deni Sunaryo and Etty Puji Lestari
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Deni Sunaryo: Terbuka University and Serang Raya University, Banten, Indonesia
Etty Puji Lestari: Terbuka University, Banten, Indonesia

Studies in Business and Economics, 2023, vol. 18, issue 1, 298-313

Abstract: This study focused on the influence of cash turnover, receivables turnover, and inventory turnover against the Net Profit Margin (NPM), showing the inequality of the results of previous studies. Therefore, this research investigates whether that inequality is associated with cash turnover, receivables turnover, and supply turnover against NPM, which becomes the focus of this study. The research used the data obtained from food and beverage manufacturing subsectors in the Southeast Asian Stock Exchange between 2012 and 2018. This study applied purposive sampling of 11 companies that provided a complete financial report, acquiring 77 samples. The statistical analyses used were multiple linear regression, partial testing, and simultaneous testing. The results of this study indicated that cash turnover and receivables turnover had no significant influence on the NPM, while the supply turnover had a significant influence on NPM. The results of the simulta-neous study of cash turnover, the turnover of receivables, and inventory turnover have a signif-icant rate of 0.010

Keywords: cash turnover; inventory turnover; net profit margin; receivable turnover (search for similar items in EconPapers)
Date: 2023
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