Analisis Pengelolaan Modal Kerja untuk Menilai Return On Investment (ROI) Perusahaan Manufaktur Periode (2020-2024)

Abstract

This study aims to analyze working capital management in assessing Return on Investment (ROI) at Manufacturing company during the 2020-2024 period. Working capital is a crucial factor in a company's operations, reflecting management efficiency in handling current assets and short-term liabilities to enhance profitability. This research employs a quantitative descriptive approach, utilizing secondary data obtained from Manufacturing company annual financial reports over the study period. The analysis techniques include financial ratios such as current ratio, quick ratio, inventory turnover, receivable turnover, and cash conversion cycle, as well as ROI analysis to evaluate the efficiency of working capital investment in generating profits. The findings indicate that the effectiveness of working capital management influences ROI levels. Improved efficiency in inventory turnover, receivables management, and cash optimization contributes to the company’s profitability. However, fluctuations in ROI are also influenced by external factors such as macroeconomic conditions and tobacco industry regulations. The implications of this study provide insights for company management to optimize working capital strategies to enhance financial performance and competitiveness.