Analisis Perputaran Piutang Dan Perputaran Persediaan Dalam Meningkatkan Profitabilitas Perusahaan

(Studi Kasus Pada PT.Tirta Utama Jaya)

Abstract

Profitability is a key indicator of a company’s success in managing its resources and operational activities. One of the critical factors influencing profitability is the efficiency of receivables and inventory management. This study aims to analyze the effect of receivable turnover and inventory turnover on profitability, measured by Return on Assets (ROA), at PT. Tirta Utama Jaya. The research employs a descriptive qualitative method with the company’s financial statements from 2017 to 2021 as the research object. The findings reveal that both receivable turnover and inventory turnover tended to increase during the observation period; however, this improvement was not followed by an increase in profitability. The decline in profitability occurred due to the company’s limited ability to optimize asset utilization and generate net income despite higher operational activities. These results suggest that PT. Tirta Utama Jaya needs to implement more efficient working capital management strategies, particularly in receivable and inventory control, to enhance its profitability in the future.