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Effect Of Cash, Receivables, And Inventory Turnover On Net Profit Margin (Npm) In Food & Beverage Subsector Manufacturing Companies

Author

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  • SUNARYO Deni

    (Terbuka University and Serang Raya University, Banten, Indonesia)

  • LESTARI Etty Puji

    (Terbuka University, Banten, Indonesia)

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

Suggested Citation

  • SUNARYO Deni & LESTARI Etty Puji, 2023. "Effect Of Cash, Receivables, And Inventory Turnover On Net Profit Margin (Npm) In Food & Beverage Subsector Manufacturing Companies," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(1), pages 298-313, April.
    • Handle: RePEc:blg:journl:v:18:y:2023:i:1:p:298-313
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