PENGARUH PERPUTARAN KAS DAN PERPUTARAN PIUTANG TERHADAP RETURN ON ASSETS PADA PT ACE HARDWARE TBK PERIODE 2013-2022

Abstract

This study aims to determine the effect of cash turnover and receivables turnover on return on assets at PT Ace Hardware Tbk for the 2013-2022 period partially and simultaneously. The approach used in this study is quantitative. The population in this study is the financial statements of PT Ace Hardware Tbk for 2013-2022 which have been reported to the Indonesia Stock Exchange since PT Ace Hardware Tbk conducted its Initial Public Offering (IPO). And the sample used in this study is the financial statements of PT Ace Hardware Tbk from the data of the Indonesia Stock Exchange website and the Ace Hardware website for the 2013-2022 period. The type of data used is secondary data. The data analysis technique used is regression analysis using SPSS software version 26. The results of this study indicate that: 1). partially the cash turnover variable (X1) has an effect on return on assets (Y); 2.) the receivables turnover variable (X2) has an effect on return on assets (Y); 3.) Cash turnover (X1) and accounts receivable turnover (X2) simultaneously influence return on assets (Y). The research implications indicate that cash turnover and accounts receivable turnover move upward together, which will have a positive impact on profitability (return on assets)