Pengaruh Perputaran Kas dan Perputaran Piutang terhadap Likuiditas pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2019–2023

Abstract

Understanding the factors that influence corporate liquidity, particularly in terms of cash and receivables management efficiency, is a critical issue in managerial practice and economic decision-making. This study aims to analyze the effect of cash turnover and receivables turnover on company liquidity, measured by the Current Ratio. This is a quantitative study utilizing secondary data obtained from financial reports, articles, and journals, with a sample of 20 companies selected through purposive sampling for the 2019–2023 period. Data were analyzed using classical assumption tests, multiple linear regression, and hypothesis testing through t-tests, F-tests, and the coefficient of determination (R²). The results show that cash turnover has a significant effect on company liquidity, while receivables turnover does not have a significant effect. However, both variables simultaneously have a significant effect on the Current Ratio. These findings highlight the importance of effective cash management in maintaining corporate liquidity stability and offer practical insights for management and stakeholders in evaluating a company’s financial health.