ANALISIS PENGGUNAN MODAL KERJA MENGGUNAKAN METODE LEAST SQUARE (STUDI KASUS PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstrak

     The purpose of this research is to determine the development of the effective use of working capital and efficient use of working capital and to determine whether the company is able to manage working caital effectively and efficiently. The sampling method used was purposive sampling. The sample of thiss research of 3 telecommunications companies consisting of PT Telekomunikasi Indonesia Tbk, PT XL Axiata Tbk, and PT Smartfren Telecom Tbk. The variables used are working capital indicators consisting of cash turnover, account receivable turnover and inventory turnover as the independent variable and profitability as the dependent variable. The data collection method used is the data analysis method. The data use are in the form of audited financial statement of telecommuniction companies for 2015-2019. This research uses the least square analysis method.

    The founding of this study were; 1).PT Telekomunikasi Indonesia Tbk shows the development of cash turnover has been effective, but the account receivable turnover has not been effective and the inventory turnover is qualify as an effective. From the calculations for result it is obtained that the value of efficient cash turnover is positive b=0x, account receivable turnover i not efficient with b negative =-0,71x and inventory turnover is not efficient with b positive =-3,77x. The ROA analysis was >5,98%, means that the company able to process working capital effectively and efficiently. 2). PT XL Axiata tbk shows the cash turnover has not been effective, account receivable turnover has been effective and inventory turnover has been effective. From the calculating the efficient use, the cash turnover value has not been with b negative =-0,06x, account receivable turnover is efficient with b positive =3,79% , and inventory turnover is efficient with b positive =2,52x. The ROA analysis was<5,98% means the companywas not good enough to process their capital effectively and efficiently. 3).PT Smartfren Telecom Tbk has shows the cash turnover has been effective, account receivable turnover is affective and inventory turnover is effective. From the calculation for efficient use, the cast turnover value has not been with b negative =-0,007x, account receivable turnover is efficient with b possitive =9,77x, inventory turnover is efficient with b positive =5,56x. The ROA analysis was >5,98%, which means the company able to process and manage their capital sources effectively and efficiently.