Pengaruh Perputaran Piutang dan Perputaran Utang terhadap Profitabilitas pada Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia Periode 2022–2024

Abstract

This study aims to analyze the effect of accounts receivable turnover and accounts payable turnover on profitability of energy sector companies listed on the Indonesia Stock Exchange during 2022–2024. This research employs a quantitative approach with a causal associative design. The data used are secondary data obtained from annual financial statements of energy sector companies through the Indonesia Stock Exchange and official company websites. The sample was selected using purposive sampling based on predetermined criteria, resulting in 12 companies and 36 observations. Accounts receivable turnover and accounts payable turnover were used as independent variables, while profitability was measured using Return on Assets (ROA). Data were analyzed using multiple linear regression with SPSS 32. The results indicate that accounts receivable turnover has a positive and significant effect on profitability, whereas accounts payable turnover has no significant effect on profitability. The Adjusted R Square value of 47.40% indicates that both variables explain variations in profitability, while the remaining percentage is influenced by other factors.