The Impact of Efficiency of Working Capital Management on Company Profitability
DOI:
https://doi.org/10.54099/ijebm.v3i1.972Keywords:
Working Capital Turnover, , Return On Total Assets, , Diversification Strategy, , panel data regressionAbstract
This research aims to analyze the influence of working capital management efficiency (Working Capital Turnover) on Return On Total Assets and the role of Diversification Strategy as a moderating variable on the influence of Working Capital Turnover on Return On Total Assets. The research population is green industry award-winning companies listed on the Indonesia Stock Exchange for the 2019-2021 period. Data obtained from financial reports (Audited). The analysis was carried out using a panel data regression approach with moderating variables used to test the hypotheses in this research. Purpose – The research results show that Working Capital Turnover has a significant negative effect on Return On Total Assets and Diversification Strategy as a moderating variable in the relationship between Working Capital Turnover and Return On Total Assets has a significant positive effect.
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