The Impact of Working Capital, Inventory, and Total Assets on Net Profit (A Study on Trading Companies in the Retail Sub-Sector Listed on the Indonesia Stock Exchange for the Period 2017-2024)

Shena Victoria

doi:10.59141/jiss.v7i3.2287

Authors

Shena Victoria Universitas Indonesia Membangun, Indonesia

DOI:

https://doi.org/10.59141/jiss.v7i3.2287

Keywords:

Working capital, inventory, total assets, Net profit

Abstract

This study investigates the influence of Working Capital, Inventory, Total Assets, and Sales on Net Profit using secondary data from the Indonesia Stock Exchange (IDX). The research population includes 31 retail trade subsector companies listed on the IDX for the 2017-2024 Financial Statement Period, with a sample of 4 companies selected through purposive nonprobability sampling. The research employs a quantitative approach with descriptive and verifiable analyses. Descriptive statistics include Maximum Value, Minimum Value, Mean, and Standard Deviation, while verifiable statistics involve the Classical Assumption Test, Multiple Linear Regression Test, Product Moment Correlation Coefficient Test, and Determination Coefficient Test. Hypothesis testing is conducted both partially (t-test) and simultaneously (f-test). The partial hypothesis test results indicate that Working Capital (X1) positively affects Net Profit, with a calculated t-value of 3.930, exceeding the critical t-value of 2.045 and a significance level of < 0.05. Similarly, Inventory (X2) positively impacts Net Profit, with a t-value of 2.156, also surpassing the critical value and significance level. Conversely, Total Assets (X3) negatively affect Net Profit, with a t-value of -2.597, which is less than the critical t-value of -2.045 and a significance level of < 0.050. The simultaneous hypothesis test (f-test) reveals that Working Capital, Inventory, and Total Assets collectively influence Net Profit, with an F-count of 24.913 and a significance level of < 0.001.

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