ANALISIS PENGARUH MANAJEMEN MODAL KERJA TERHADAP LABA PERUSAHAAN PT. GARUDA INDONESIA (PERSERO) TBK
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Date
2013
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Thesis Magister Management Universitas Widyatama Bandung
Abstract
Cash management, receivables management, and inventory management as component of working capital may affect the length of time bound in the working capital fund which in turn will affect the profit achieved. The higher the rate of the turnover on cash management, receivables management, and inventory management indicate the shorter the time bound of capital in the working capital component and vice versa. The research was conducted at PT. Garuda Indonesia (Persero), Tbk which engaged in the Flight Services. This study aims to determine how the operating profit at PT. Garuda Indonesia (Persero), Tbk, and how the influence of working capital management to operating profit at PT. Garuda Indonesia (Persero), Tbk.
The sample in this study is the financial statement of PT. Garuda Indonesia (Persero), Tbk that are balance sheet and income statement yearly period from 2005-2012, so the sample amount is 8. There are four variables that were examined in this study, the cash management (X1), receivables management (X2), inventory management (X3), and an operating profit (Y). The method used in this research is descriptive method. Data analysis technique used is multiple linear regression analysis to test the classical assumption.
Partial assay results showed that the significants level of cash management, receivables management, and inventory management consecutively are 0.051, 0.005, and 0.102, which means that the receivables management has a significant influence on operating profit of PT. Garuda Indonesia (Persero), Tbk, so the hypothesis 1b is proven, while the cash turnover and inventory turnover has no significant effect on operating profit of PT. Garuda Indonesia (Persero), Tbk because the significance level greater than 0.05, so the hypothesis 1a and 1c is not proven true. Further analysis of the F test result is F count is 50.188 whereas the F table is 6,59 (Fcount > Ftable) so that it can be concluded that there was a significant influence on the cash management, receivables management, and inventory management to operating profit of PT. Garuda Indonesia (Persero), Tbk, so the second hypothesis was proven true.
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Keywords
WORKING CAPITAL, OPERATING INCOME, PT. GARUDA INDONESIA (PERSERO)