Analysis of Working Capital Management and Turnover at MSMEs in Makassar City
Keywords:
Working Capital Management, Capital Turnover, MSMEs.
Abstract
Every entrepreneur running a business, he needs sufficient working capital to support all his business activities to gain profit. Ineffective working capital management will disrupt the business, therefore working capital is very important to see how much working capital is used to generate sales. This study aims to analyze the management and turnover of working capital in Micro, Small, and Medium Enterprises (MSMEs) in Rappocini District, Makassar City. The research method used is a qualitative method with a descriptive approach. The data collection technique used in this study was by interviewing 3 informants related to finding out and collecting data on the management and turnover of working capital of MSME businesses in Rappocini District, Makassar City. The results of this study indicate that good working capital turnover always produces good cash to guarantee MSME activities in the next period
References
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Membangun, U., & Demokratis, E. (2015). Wpływ zarządzania kapitałem pracy na rentowność mśp w malezji. 159–169.
Mikro, U. (2023). Analisis Modal Kerja Mikro , Kecil , dan Medium Enterprises ( UMKM ) Tiga Dara , Banawa District , Donggala Regency. 1, 33–41.
Octavia, N., & Ade, R. T. (2020a). Analysis of Effectiveness Working Capital Footwear Industry in Small Businesses: Case Study on MSMEs Alfian Jaya in Sidoarjo, East Java, Indonesia. … , Project and Digital Management, 1(1), 1–15. http://world.journal.or.id/index.php/epdm/article/view/16
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Puspadiana, M. (2018). Aplikasi Penjualan dan Perhitungan Rasio Perputaran Modal Kerja di Umkm. 4(3), 2209–2215.
Rajindra, Burhanuddin, Wahba, Guasmin, & Febrianti, D. (2018). Pengaruh Modal Kerja Dan Kemampuan Produksi Terhadap Kinerja Keuangan Umkm. Jurnal Sinar Manajemen, 5(1), 9–23. ojs: http://jurnal.unismuhpalu.ac.id/index.php/JSM
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Rustian, L. A. (2022). Analisis Manajemen Modal Kerja PT . Sri Rejeki Isman Tbk Periode Tahun 2016-2018. 24(1).
Samsir, A., Ma’ruf, M. I., & Salam, R. (2018). Impact of Income on Households Patterns of Consumption of Street Vendors in Makassar City. 127(Icaaip 2017), 103–105. https://doi.org/10.2991/icaaip-17.2018.22
Samsul, Muslimin, S., & Jafar, W. (2022). Journal of Islamic Economics. Journal of Islamic Economics, 4(1), 1–11. https://doi.org/10.20885/jielariba.vol8.iss2.art5
Sanda, F. H., Fateh, M., Ali, A., Wulandari, A., Bahaswan, R., Damayanti, E., & Sukoco, A. (2020). The Effectiveness Working Capital Management Small and Medium Enterprises ( SMEs ) Surabaya. 2995–3000.
Sanda, F. H., Fateh, M., Ali, A., Wulandari, A., Bahaswan, R., Damayanti, E., Sukoco, A., & Bon, T. Bin. (2020). Efektivitas Pengelolaan Modal Kerja Kecil dan Usaha Menengah ( UKM ) Surabaya. 7–10.
Sarwat, S. (2017). Impact of Working Capital Management on the Profitability of Firms : Case of Pakistan ’ s Cement Sector. 5(3), 238–244. https://doi.org/10.18178/joams.5.3.238-244
Sienatra, K. B., & Nainggolan, R. (2018). Pengaruh Working Capital Management. 4(3), 268–276.
Sofindra, A. (2022). Pengaruh Efisiensi Modal Kerja, Likuiditas Dan Leverage Terhadap Profitabilitas Pada Perusahaan Sub Sektor Farmasi Yang Terdaftar Di Bursa Efek Indonesia. Industrial Management, 1(1), 39–51.
Sundaro, H., Martono, S., Athanasius, S. S., Widyanto, M., Wibowo, B. J., Kurniasari, W., Supriyanto, I., Liana, L., Basiya, R., Benawa, A., Adrianto, S., Wisnu, Y., Sasmito, D., Prestianto, B., Kristyanto, A., & Kusdiartini, V. (n.d.). • • • Studi Identifikasi Sektor-Sektor Unggulan Kabupaten SemarangComparative analysis of working capital management of MSMEs in India.
Umkm, T. P. (2023). JURNAL EKONOMI , MANAJEMEN , BISNIS DAN SOSIAL Analisis Pengaruh Modal Dan Biaya Produksi. 3, 194–201.
Vyas, K. (2021). Working Capital Management Strategy: A Comparative Study of selected companies of Chemical industry in India | Vidhyayana - An International Multidisciplinary Peer-Reveiwed E-Journal - ISSN 2454-8596. Vidhyana- An International Multidisciplinary Peer Reviewed E Journal, 6, 1–13. http://j.vidhyayanaejournal.org/index.php/journal/article/view/58
Zhang, X. (2017). Trends in working capital management and its impact on firms’ performance – An analysis of SMEs. /1 47–54. https://doi.org/10.24104/rmhe/2017.03.01008
Akkas, N., Program, M. S., & Palu, U. M. (2023). Analysis of Working Capital for Micro , Small , and Medium Enterprises ( UMKM ) Tiga Dara , Banawa District , Donggala Regency. 1, 33–41.
Andari, K. M., Marvilianti, N., & ... (2019). Analisis pengelolaan dan perputaran modal kerja pada usaha mikro, kecil dan menengah (UMKM)(Studi Kasus Pengerajin Gong Surya Nada di Desa Sawan, Kecamtan Sawan, Kabupaten Buleleng). JIMAT (Jurnal Ilmiah …, /1 230–239. https://ejournal.undiksha.ac.id/index.php/S1ak/article/view/22795
Bandar Lampung, U., Zainal Abidin Pagar Alam No, J., Ratu, L., & Lampung, B. (2022). Pengaruh Perputaran Modal Kerja dan Perputaran Piutang Terhadap Profitabilitas pada Usaha Mikro Kecil dan Menengah (UMKM) Serina1, Afrizal Nilwan2. 7(1), 39–50.
Bebasa, R., Musa, C. I., Rifdan, ., Thahir, ., & Dirawan, G. D. (2016). Mechanisms in the Formulation of the Management Policy in the Informal Sector in Makassar. Mediterranean Journal of Social Sciences, 7(3), 367–373. https://doi.org/10.5901/mjss.2016.v7n3s1p367
Bellouma, M. (2023). The Impact of Working Capital Management on Profitability : The Case of Small and Medium-Sized Export Companies in The Impact of Working Capital Management.
Enow, S. T., & Brijlal, P. (2014). The effect of working capital management on profitability : The case of Small Medium and Micro Enterprises in South Africa. 4(2), 7–16.
Fatmawati, N. (2019). Model of Working Capital Financing of Mekaar Pruducts in Sme‘s Empowerment Framework at PT. Permodalan Nasional Madani in Surabaya. Journal of World Conference (JWC), 1(1), 264–275. https://doi.org/10.29138/prd.v1i1.96
Gorondutse, A. H., Ali, R. A., Abubakar, A., & Naalah, M. N. I. (2017). Wpływ zarządzania kapitałem pracy na rentowność mśp w malezji. Polish Journal of Management Studies, 16(2), 99–109. https://doi.org/10.17512/pjms.2017.16.2.09
Hernita, H., Surya, B., Perwira, I., Abubakar, H., & Idris, M. (2021). Economic business sustainability and strengthening human resource capacity based on increasing the productivity of small and medium enterprises (SMES) in Makassar city, Indonesia. Sustainability (Switzerland), 13(6), 1–37. https://doi.org/10.3390/su13063177
Iii, S., & Ii, I. S. A. (2020). the Role of Working Capital in.
Irawan, D., & Kusuma, N. (2019). Pengaruh Struktur Modal Dan Ukuran Perusahaan Terhadap Nilai Perusahaan. Jurnal AKTUAL, 17(1), 66. https://doi.org/10.47232/aktual.v17i1.34
Jalaliah, J., Wulandari, H. K., & Dumadi, D. (2022). Pengaruh Modal Kerja, Tenaga Kerja, dan Bahan Baku Terhadap Pendapatan UMKM Pabrik Tahu (Studi Empiris UMKM Tahu Kecamatan Banjarharjo Periode Tahun 2019-2021). AURELIA: Jurnal Penelitian Dan Pengabdian Masyarakat Indonesia, 1(1), 68–78. https://doi.org/10.57235/aurelia.v1i1.32
Kasmad, R. (2015). Empowerment Policy in Makassar City.
Kovelskiy, V. (2015). Comparative analysis of working capital management of MSMEs in India. WSEAS Transactions on Business and Economics, 12, 289–305.
Kubutambahan, W. K., Buleleng, K., Satya, K., Graha, I., Ayu, G., Rencana, K., & Dewi, S. (2022). Pengelolaan dan Perputaran Modal Kerja pada UMKM di UD . 12(2), 519–528.
Kusmayadi, I., Nurul Suryawati, B., & wardani, laila. (2019). Analisis Manajemen Modal Kerja UMKM Di Kota Mataram. Jurnal Kompetitif, 5 No.01(Media Informasi Ekonomi Pembangunan, Manajemen dan Akuntansi), 43–57.
Management, W. C., Of, P., Sector, T., & Asad, M. (2012). Faculty of Commerce, University of Central Punjab Lahore. 6(1), 100–114.
Mandipa, G., & Philosophy, M. O. F. (2021). Working Capital Management and Financial Performance : an. September.
Mataram, D. K. (2019). 3) 1,2,3). 5(1), 43–57.
Membangun, U., & Demokratis, E. (2015). Wpływ zarządzania kapitałem pracy na rentowność mśp w malezji. 159–169.
Mikro, U. (2023). Analisis Modal Kerja Mikro , Kecil , dan Medium Enterprises ( UMKM ) Tiga Dara , Banawa District , Donggala Regency. 1, 33–41.
Octavia, N., & Ade, R. T. (2020a). Analysis of Effectiveness Working Capital Footwear Industry in Small Businesses: Case Study on MSMEs Alfian Jaya in Sidoarjo, East Java, Indonesia. … , Project and Digital Management, 1(1), 1–15. http://world.journal.or.id/index.php/epdm/article/view/16
Octavia, N., & Ade, R. T. (2020b). Machine Translated by Google Analisis Efektivitas Modal Kerja Industri Alas Kaki Pada PT Usaha kecil ( Case Study on MSMEs Alfian Jaya in Sidoarjo , East Java , Indonesia ). 1(2009), 1–15.
Oktafia, R., Qudus, N., & Anggraeni, D. (2021). Model of Micro Business Development Through Management of Street Vendors Association in Sidoarjo District, East Java. Proceedings of the 1st Paris Van Java International Seminar on Health, Economics, Social Science and Humanities (PVJ-ISHESSH 2020), 535, 26–29. https://doi.org/10.2991/assehr.k.210304.006
Phuong, N. T. T., & Hung, D. N. (2020). Impact of working capital management on firm profitability: Empirical study in Vietnam. Accounting, 6(3), 259–266. https://doi.org/10.5267/j.ac.2020.3.001
Puspadiana, M. (2018). Aplikasi Penjualan dan Perhitungan Rasio Perputaran Modal Kerja di Umkm. 4(3), 2209–2215.
Rajindra, Burhanuddin, Wahba, Guasmin, & Febrianti, D. (2018). Pengaruh Modal Kerja Dan Kemampuan Produksi Terhadap Kinerja Keuangan Umkm. Jurnal Sinar Manajemen, 5(1), 9–23. ojs: http://jurnal.unismuhpalu.ac.id/index.php/JSM
Rinofah, R., & Sari, A. H. F. (2022). Pengaruh Perputaran Modal Kerja, Perputaran Kas Dan Perputaran Piutang Terhadap Profitabilitas Umkm Banyumedia Sebelum Dan Saat Pandemi Covid-19. Jurnal Manajemen Terapan Dan Keuangan, 11(2), 270–282. https://doi.org/10.22437/jmk.v11i2.15717
Rustian, L. A. (2022). Analisis Manajemen Modal Kerja PT . Sri Rejeki Isman Tbk Periode Tahun 2016-2018. 24(1).
Samsir, A., Ma’ruf, M. I., & Salam, R. (2018). Impact of Income on Households Patterns of Consumption of Street Vendors in Makassar City. 127(Icaaip 2017), 103–105. https://doi.org/10.2991/icaaip-17.2018.22
Samsul, Muslimin, S., & Jafar, W. (2022). Journal of Islamic Economics. Journal of Islamic Economics, 4(1), 1–11. https://doi.org/10.20885/jielariba.vol8.iss2.art5
Sanda, F. H., Fateh, M., Ali, A., Wulandari, A., Bahaswan, R., Damayanti, E., & Sukoco, A. (2020). The Effectiveness Working Capital Management Small and Medium Enterprises ( SMEs ) Surabaya. 2995–3000.
Sanda, F. H., Fateh, M., Ali, A., Wulandari, A., Bahaswan, R., Damayanti, E., Sukoco, A., & Bon, T. Bin. (2020). Efektivitas Pengelolaan Modal Kerja Kecil dan Usaha Menengah ( UKM ) Surabaya. 7–10.
Sarwat, S. (2017). Impact of Working Capital Management on the Profitability of Firms : Case of Pakistan ’ s Cement Sector. 5(3), 238–244. https://doi.org/10.18178/joams.5.3.238-244
Sienatra, K. B., & Nainggolan, R. (2018). Pengaruh Working Capital Management. 4(3), 268–276.
Sofindra, A. (2022). Pengaruh Efisiensi Modal Kerja, Likuiditas Dan Leverage Terhadap Profitabilitas Pada Perusahaan Sub Sektor Farmasi Yang Terdaftar Di Bursa Efek Indonesia. Industrial Management, 1(1), 39–51.
Sundaro, H., Martono, S., Athanasius, S. S., Widyanto, M., Wibowo, B. J., Kurniasari, W., Supriyanto, I., Liana, L., Basiya, R., Benawa, A., Adrianto, S., Wisnu, Y., Sasmito, D., Prestianto, B., Kristyanto, A., & Kusdiartini, V. (n.d.). • • • Studi Identifikasi Sektor-Sektor Unggulan Kabupaten SemarangComparative analysis of working capital management of MSMEs in India.
Umkm, T. P. (2023). JURNAL EKONOMI , MANAJEMEN , BISNIS DAN SOSIAL Analisis Pengaruh Modal Dan Biaya Produksi. 3, 194–201.
Vyas, K. (2021). Working Capital Management Strategy: A Comparative Study of selected companies of Chemical industry in India | Vidhyayana - An International Multidisciplinary Peer-Reveiwed E-Journal - ISSN 2454-8596. Vidhyana- An International Multidisciplinary Peer Reviewed E Journal, 6, 1–13. http://j.vidhyayanaejournal.org/index.php/journal/article/view/58
Zhang, X. (2017). Trends in working capital management and its impact on firms’ performance – An analysis of SMEs. /1 47–54. https://doi.org/10.24104/rmhe/2017.03.01008
Published
2025-06-09
How to Cite
Hasyim, S. H., & Mustari, M. (2025). Analysis of Working Capital Management and Turnover at MSMEs in Makassar City. International Journal of Economics, Business and Innovation Research, 4(04), 245-262. https://doi.org/10.63922/ijebir.v4i04.1926
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