The Effect of Working Capital Management and Cost Control on Cash Flow of PT Mitra Adiperkasa Tbk (MAPI) for the 2015-2024 Period

Nurajijah Bela Mahardika; Koes Indrakoesoema

doi:10.63922/ijebir.v5i06.6303

Nurajijah Bela Mahardika Program Studi Manajemen Program Sarjana, Fakultas Ekonomi dan Bisnis, Universitas Pamulang
Koes Indrakoesoema Program Studi Manajemen Program Sarjana, Fakultas Ekonomi dan Bisnis, Universitas Pamulang

DOI: https://doi.org/10.63922/ijebir.v5i06.6303

Keywords: Working Capital Turnover, Operating Expense Ratio, Operating Cash Flow, Working Capital Management, Cost Control

Abstract

This study aims to analyze the effect of Working Capital Turnover (WCTO) as a proxy for working capital management and Operating Expense Ratio (OER) as a proxy for cost control on Operating Cash Flow (OCF) at PT Mitra Adiperkasa Tbk for the 2015–2024 period. This study employed a quantitative method with an associative approach. The research data consisted of the annual financial statements of PT Mitra Adiperkasa Tbk for the 2015–2024 period using a saturated sampling technique. The data were processed using IBM SPSS Statistics Version 27 through descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, partial tests (t-test), simultaneous test (F-test), and the coefficient of determination (R²). The t-test results showed that Working Capital Turnover had no significant effect on Operating Cash Flow, with a t-value of 1.034 and a significant value of 0.335 > 0.05. Operating Expense Ratio has a negative and significant effect on Operating Cash Flow, with a t-value of -3.923 and a significant value of 0.006 < 0.05. The F-test results showed that Working Capital Turnover and Operating Expense Ratio simultaneously had a significant effect on Operating Cash Flow, with an F-value of 8.151 and a significant value of 0.015 < 0.05.

The R Square value of 0.700 indicates that the two variables explain 70.0% of the variation in Operating Cash Flow, while the remaining 30.0% is influenced by other factors outside the scope of this study.

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