The Influence Of Sales Growth, Cash Turnover, Receivable Turnover, And Inventory Turnover On Profitability In Food & Beverage

Abstract

This study aims to determine the effect of sales growth, cash turnover, accounts receivable turnover, and inventory turnover on profitability in manufacturing companies in the food and beverage sub-sector for the period 2018–2022. The method used in this research is associative research with a quantitative approach. The population of this study was 84 companies. The sampling technique used was purposive sampling, so that a sample of 28 companies was obtained. The type of data used is secondary data. The data analysis technique used is panel data regression analysis using Eviews software version 12. The results showed that the sales growth variable partially affected profitability, as seen from the comparison results. t Count 3,472122 > t Table 1,65622, with a significance of 0,0255 < (0,05), cash turnover affects profitability, as seen from the comparison results. t Count -3,125576 > t Table 1,65622, with a significance of 0,0353 < (0,05), receivable turnover has no effect on profitability, as seen from the comparison results. t Count  0,925751 < t Table 1,65622, with a significance of 0,4070 > (0,05), and inventory turnover has no effect on profitability as seen from the comparison results. t Count -0,769021 < t Table 1,65622, with a significance of 0,4848 > (0,05). Then simultaneously, sales growth, cash turnover, accounts receivable turnover, and inventory turnover affect profitability, as seen from the comparison results. F Count 9,326919 > F table 2,44 with a significance of 0,000001 < (0,05).