Analisis Faktor-Faktor Yang Mempengaruhi Modal Kerja Pada Perusahaan PT Mayora Indah Tbk. (Periode 2020-2024)

Arinda Islamiyah; Atina Azminas Sa'adah; Hanif Ulul Rofidhoh; Deny Setia Putra

Arinda Islamiyah Universitas KH. A.Wahab Hasbullah, Indonesia
Atina Azminas Sa'adah Universitas KH. A.Wahab Hasbullah, Indonesia
Hanif Ulul Rofidhoh Universitas KH. A.Wahab Hasbullah, Indonesia
Deny Setia Putra Universitas KH. A.Wahab Hasbullah, Indonesia

Keywords: Financial management, working capital, operating cash flow, inventory turnover, receivables turnover, profitability, inflation, interest rates.

Abstract

This study aims to analyze the influence of internal and external factors on working capital at PT Mayora Indah Tbk during the 2020–2024 period. Internal factors examined include operating cash flow, inventory turnover, receivables turnover, and profitability as measured by Return on Assets (ROA). Meanwhile, external factors consist of inflation and interest rates. This research employs a descriptive quantitative approach using secondary data derived from the company’s annual financial statements and relevant macroeconomic indicators. Data analysis is conducted through financial ratio calculations and numerical evaluation to assess the impact of each variable on the company’s working capital condition. The findings indicate that the working capital of PT Mayora Indah Tbk is influenced by both internal and external factors, where fluctuations in operating cash flow and efficiency in managing current assets play a crucial role in maintaining working capital stability. The results are expected to contribute theoretically to financial management studies and practically support managerial decision-making related to effective working capital management..