S MBS 1104673 Table of content
DAFTAR ISI
ABSTRAK .................................................................................................................i
ABSTRACT ...............................................................................................................ii
KATA PENGANTAR...............................................................................................iii
UCAPAN TERIMAKASIH .....................................................................................iv
DAFTAR ISI .............................................................................................................vii
DAFTAR TABEL .....................................................................................................xi
DAFTAR GAMBAR ................................................................................................xii
BAB I PENDAHULUAN
1.1 latar Belakang Penelitian.......................................................................................1
1.2 Identifikasi Masalah..............................................................................................8
1.3 Rumusan Masalah .................................................................................................9
1.4 Tujuan Penelitian...................................................................................................9
1.5 Kegunaan Penelitian..............................................................................................10
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN HIPOTESIS
2.1 Kajian Pustaka ......................................................................................................11
2.1.1 Manajemen Modal Kerja ............................................................................11
2.1.1.1 Manajemen Modal Kerja dalam Manajemen Keuangan ................11
2.1.1.2 Konsep Modal Kerja ......................................................................13
2.1.1.3 Pengertian Manajemen Modal Kerja .............................................16
2.1.1.4 Fungsi Manajemen Modal Kerja ...................................................17
2.1.1.5 Unsur-unsur Modal Kerja Berdasarkan Konsep Kualitatif.............19
2.1.1.6 Klasifikasi Modal Kerja .................................................................23
2.1.1.7 Sumber dan Penggunaan Modal Kerja ..........................................24
2.1.1.8 Kebijakan dan Manfaat Modal Kerja.............................................28
2.1.1.9 Metode dalam Pengelolaan Modal Kerja.......................................31
2.1.2 Konsep Profitabilitas ...................................................................................33
2.1.2.1 Konsep Profitabilitas dalam Analisis Rasio Keuangan ..................33
2.1.2.2 Pengertian Profitabilitas ..................................................................34
2.1.2.3 Rasio Profitabilitas ..........................................................................36
2.1.2.4 Jenis-Jenis Rasio Proitabilitas .........................................................37
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Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
2.1.2.5 Return On Equity Sebagai Pengukuran Profitabilitas ....................41
2.1.3 Keterkaitan Manajemen Modal Kerja Terhadap Profitabilitas ...................43
2.1.4 Penelitian Terdahulu....................................................................................40
2.2 Kerangka Pemikiran ..............................................................................................53
2.3 Hipotesis ................................................................................................................59
BAB III OBJEK DAN METODE PENELITIAN
3.1 Objek Penelitian ....................................................................................................60
3.2 Metode Penelitian..................................................................................................60
3.2.1 Metode yang Digunakan dan Jenis Penelitian.............................................60
3.2.2 Operasionalisasi Variabel............................................................................61
3.2.3 Jenis dan Sumber Data ...............................................................................63
3.2.4 Populasi, Sampel dan Teknik Sampel.........................................................64
3.2.4.1 Populasi...........................................................................................64
3.2.4.2 Sampel ............................................................................................64
3.2.4.3 Teknik Penarikan Sampel...............................................................64
3.2.5 Teknik Pengumpulan Data .........................................................................65
3.2.6 Rancangan Analisis Data dan Uji Hipotesis................................................66
3.2.6.1 Rancangan Analisis Data ...............................................................66
3.2.6.2 Analisis Data Deskriptif..................................................................67
3.2.6.3 Analisis Verifikatif..........................................................................68
3.2.6.4 Pengujian Hipotesis ........................................................................70
BAB IV HASIL PENELITIAN DAN PEMBAHASAN
4.1 Gambaran Objek Penelitian...................................................................................73
4.1.1 PT. Akasha Wira International Tbk (ADES) .............................................73
4.1.2 PT. Tri Banya Tirta Tbk (ALTO) ..............................................................73
4.1.3 PT. Wilmar Cahaya Indonesia Tbk (CEKA).............................................73
4.1.4 PT. Delta Djakarta Tbk (DLTA) ................................................................74
4.1.5 PT. Indofood CBP Sukses Makmur Tbk (ICBP) ......................................74
4.1.6 PT. Indofoof Sukses Makmur Tbk (INDF) ...............................................74
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Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
4.1.7 PT. Multi Bintang Tbk (MLBI) .................................................................75
4.1.8 PT. Mayora Indah Tbk (MYOR) ...............................................................76
4.1.9 PT. Prashida Aneka Niaga Tbk (PSDN) ...................................................76
4.1.10 PT. Nippon Indosari Corpindo Tbk (ROTI) .............................................76
4.1.11 PT. Sekar Laut Tbk (SKLT) .....................................................................76
4.1.12 PT. Siantar Top Tbk (STTP) ....................................................................77
4.1.13 PT. Ultra Jaya Milk Tbk (ULTJ) ..............................................................77
4.2 Deskripsi Data Variabel ........................................................................................78
4.2.1 Gambaran Manajemen Modal Kerja Perusahaan Sub Sektor Makanan
dan Minuman ..............................................................................................78
4.2.2 Gambaran Profitabilitas Perusahaan Sub Sektor Makanan dan
Minuman .....................................................................................................84
4.3 Keterkaitan Manajemen Modal Kerja Terhadap Profitabilitas Pada Subsektor
Makanan dan Minuman........................................................................................89
4.3.1 Uji Linearitas ...............................................................................................90
4.3.2 Hasil Analisis Regresi Sederhana ...............................................................91
4.4 Pembahasan Hasil Penelitian.................................................................................95
4.4.1 Pembahasan Manajemen Modal Kerja .......................................................95
4.4.2 Pembahasan Profitabilitas ...........................................................................97
4.4.3 Pembahasan Keterkaitan Manajemn Modal Kerja Terhadap
Profitabilitas ................................................................................................98
4.5 Temuan Hasil Penelitian........................................................................................99
4.5.1 Temuan Penelitian Bersifat Teoritis ............................................................99
4.5.2 Temuan Penelitian Bersifat Empiris............................................................102
4.6 Implikasi Hasil Penelitian Terhadap Pengembangan Pendidikan Manajemen
Bisnis .....................................................................................................................103
BAB V KESIMPULAN DAN SARAN
5.1 Kesimpulan............................................................................................................106
5.2 Saran .....................................................................................................................107
DAFTAR PUSTAKA ..............................................................................................110
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Misbahudin, 2015
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
DAFTAR TABEL
No Tabel
Judul Tabel
Hal
1.1 Perkembangan ROE Sub Sektor Makanan dan Minuman ....................3
2.1
Orisinalitas Penelitian...........................................................................49
3.1
Operasionalisasi Variabel.....................................................................62
3.2
Jenis dan Sumber Data ........................................................................63
4.1
Jumlah Penjualan Bersih Perusahaan Sub Sektor Makanan dan
Minuman...............................................................................................80
4.2
Jumlah Modal Kerja Bersih Perusahaan Sub Sektor Makanan dan
Minuman...............................................................................................81
4.3
Perkembangan Working Capital Turnover Perusahaan Sub Sektor
Makanan dan Minuman........................................................................82
4.4
Jumlah Laba Bersih Setelah Pajak Perusahaan Sub Sektor Makanan
dan Minuman........................................................................................86
4.5
Total Ekuitas Perusahaan Sub Sektor Makanan dan Minuman............87
4.6
Perkembangan Return On Equity Perusahaan Sub Sektor Makanan
dan Minuman........................................................................................88
4.7
Working Capital Turnover dan Return On Equity Perusahaan Sub
Sektor Makanan dan Minuman............................................................89
4.8
Hasil Perhitungan Uji Linearitas ..........................................................90
4.9
Output Hasil Perhitungan Estimasi Regresi Linear Sederhana............92
4.10 Hasil Perhitungan Uji F.......................................................................93
4.11 Hasil Perhitungan Uji T.......................................................................95
x
Misbahudin, 2015
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
DAFTAR GAMBAR
No Gambar
Nama Gambar
Hal
1.1
Perkembangan ROE Sub Sektor Makanan dan Minuman ...................4
2.1
Kerangka Pemikiran .............................................................................58
2.1
Paradigma Penelitian ............................................................................59
4.8
Output Uji Linearitas ............................................................................91
xi
Misbahudin, 2015
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
ABSTRAK .................................................................................................................i
ABSTRACT ...............................................................................................................ii
KATA PENGANTAR...............................................................................................iii
UCAPAN TERIMAKASIH .....................................................................................iv
DAFTAR ISI .............................................................................................................vii
DAFTAR TABEL .....................................................................................................xi
DAFTAR GAMBAR ................................................................................................xii
BAB I PENDAHULUAN
1.1 latar Belakang Penelitian.......................................................................................1
1.2 Identifikasi Masalah..............................................................................................8
1.3 Rumusan Masalah .................................................................................................9
1.4 Tujuan Penelitian...................................................................................................9
1.5 Kegunaan Penelitian..............................................................................................10
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN DAN HIPOTESIS
2.1 Kajian Pustaka ......................................................................................................11
2.1.1 Manajemen Modal Kerja ............................................................................11
2.1.1.1 Manajemen Modal Kerja dalam Manajemen Keuangan ................11
2.1.1.2 Konsep Modal Kerja ......................................................................13
2.1.1.3 Pengertian Manajemen Modal Kerja .............................................16
2.1.1.4 Fungsi Manajemen Modal Kerja ...................................................17
2.1.1.5 Unsur-unsur Modal Kerja Berdasarkan Konsep Kualitatif.............19
2.1.1.6 Klasifikasi Modal Kerja .................................................................23
2.1.1.7 Sumber dan Penggunaan Modal Kerja ..........................................24
2.1.1.8 Kebijakan dan Manfaat Modal Kerja.............................................28
2.1.1.9 Metode dalam Pengelolaan Modal Kerja.......................................31
2.1.2 Konsep Profitabilitas ...................................................................................33
2.1.2.1 Konsep Profitabilitas dalam Analisis Rasio Keuangan ..................33
2.1.2.2 Pengertian Profitabilitas ..................................................................34
2.1.2.3 Rasio Profitabilitas ..........................................................................36
2.1.2.4 Jenis-Jenis Rasio Proitabilitas .........................................................37
vii
Misbahudin, 2015
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
2.1.2.5 Return On Equity Sebagai Pengukuran Profitabilitas ....................41
2.1.3 Keterkaitan Manajemen Modal Kerja Terhadap Profitabilitas ...................43
2.1.4 Penelitian Terdahulu....................................................................................40
2.2 Kerangka Pemikiran ..............................................................................................53
2.3 Hipotesis ................................................................................................................59
BAB III OBJEK DAN METODE PENELITIAN
3.1 Objek Penelitian ....................................................................................................60
3.2 Metode Penelitian..................................................................................................60
3.2.1 Metode yang Digunakan dan Jenis Penelitian.............................................60
3.2.2 Operasionalisasi Variabel............................................................................61
3.2.3 Jenis dan Sumber Data ...............................................................................63
3.2.4 Populasi, Sampel dan Teknik Sampel.........................................................64
3.2.4.1 Populasi...........................................................................................64
3.2.4.2 Sampel ............................................................................................64
3.2.4.3 Teknik Penarikan Sampel...............................................................64
3.2.5 Teknik Pengumpulan Data .........................................................................65
3.2.6 Rancangan Analisis Data dan Uji Hipotesis................................................66
3.2.6.1 Rancangan Analisis Data ...............................................................66
3.2.6.2 Analisis Data Deskriptif..................................................................67
3.2.6.3 Analisis Verifikatif..........................................................................68
3.2.6.4 Pengujian Hipotesis ........................................................................70
BAB IV HASIL PENELITIAN DAN PEMBAHASAN
4.1 Gambaran Objek Penelitian...................................................................................73
4.1.1 PT. Akasha Wira International Tbk (ADES) .............................................73
4.1.2 PT. Tri Banya Tirta Tbk (ALTO) ..............................................................73
4.1.3 PT. Wilmar Cahaya Indonesia Tbk (CEKA).............................................73
4.1.4 PT. Delta Djakarta Tbk (DLTA) ................................................................74
4.1.5 PT. Indofood CBP Sukses Makmur Tbk (ICBP) ......................................74
4.1.6 PT. Indofoof Sukses Makmur Tbk (INDF) ...............................................74
viii
Misbahudin, 2015
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
4.1.7 PT. Multi Bintang Tbk (MLBI) .................................................................75
4.1.8 PT. Mayora Indah Tbk (MYOR) ...............................................................76
4.1.9 PT. Prashida Aneka Niaga Tbk (PSDN) ...................................................76
4.1.10 PT. Nippon Indosari Corpindo Tbk (ROTI) .............................................76
4.1.11 PT. Sekar Laut Tbk (SKLT) .....................................................................76
4.1.12 PT. Siantar Top Tbk (STTP) ....................................................................77
4.1.13 PT. Ultra Jaya Milk Tbk (ULTJ) ..............................................................77
4.2 Deskripsi Data Variabel ........................................................................................78
4.2.1 Gambaran Manajemen Modal Kerja Perusahaan Sub Sektor Makanan
dan Minuman ..............................................................................................78
4.2.2 Gambaran Profitabilitas Perusahaan Sub Sektor Makanan dan
Minuman .....................................................................................................84
4.3 Keterkaitan Manajemen Modal Kerja Terhadap Profitabilitas Pada Subsektor
Makanan dan Minuman........................................................................................89
4.3.1 Uji Linearitas ...............................................................................................90
4.3.2 Hasil Analisis Regresi Sederhana ...............................................................91
4.4 Pembahasan Hasil Penelitian.................................................................................95
4.4.1 Pembahasan Manajemen Modal Kerja .......................................................95
4.4.2 Pembahasan Profitabilitas ...........................................................................97
4.4.3 Pembahasan Keterkaitan Manajemn Modal Kerja Terhadap
Profitabilitas ................................................................................................98
4.5 Temuan Hasil Penelitian........................................................................................99
4.5.1 Temuan Penelitian Bersifat Teoritis ............................................................99
4.5.2 Temuan Penelitian Bersifat Empiris............................................................102
4.6 Implikasi Hasil Penelitian Terhadap Pengembangan Pendidikan Manajemen
Bisnis .....................................................................................................................103
BAB V KESIMPULAN DAN SARAN
5.1 Kesimpulan............................................................................................................106
5.2 Saran .....................................................................................................................107
DAFTAR PUSTAKA ..............................................................................................110
ix
Misbahudin, 2015
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
DAFTAR TABEL
No Tabel
Judul Tabel
Hal
1.1 Perkembangan ROE Sub Sektor Makanan dan Minuman ....................3
2.1
Orisinalitas Penelitian...........................................................................49
3.1
Operasionalisasi Variabel.....................................................................62
3.2
Jenis dan Sumber Data ........................................................................63
4.1
Jumlah Penjualan Bersih Perusahaan Sub Sektor Makanan dan
Minuman...............................................................................................80
4.2
Jumlah Modal Kerja Bersih Perusahaan Sub Sektor Makanan dan
Minuman...............................................................................................81
4.3
Perkembangan Working Capital Turnover Perusahaan Sub Sektor
Makanan dan Minuman........................................................................82
4.4
Jumlah Laba Bersih Setelah Pajak Perusahaan Sub Sektor Makanan
dan Minuman........................................................................................86
4.5
Total Ekuitas Perusahaan Sub Sektor Makanan dan Minuman............87
4.6
Perkembangan Return On Equity Perusahaan Sub Sektor Makanan
dan Minuman........................................................................................88
4.7
Working Capital Turnover dan Return On Equity Perusahaan Sub
Sektor Makanan dan Minuman............................................................89
4.8
Hasil Perhitungan Uji Linearitas ..........................................................90
4.9
Output Hasil Perhitungan Estimasi Regresi Linear Sederhana............92
4.10 Hasil Perhitungan Uji F.......................................................................93
4.11 Hasil Perhitungan Uji T.......................................................................95
x
Misbahudin, 2015
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu
DAFTAR GAMBAR
No Gambar
Nama Gambar
Hal
1.1
Perkembangan ROE Sub Sektor Makanan dan Minuman ...................4
2.1
Kerangka Pemikiran .............................................................................58
2.1
Paradigma Penelitian ............................................................................59
4.8
Output Uji Linearitas ............................................................................91
xi
Misbahudin, 2015
Pengaruh Manajemen Modal Kerja Terhadap Profitabilitas
Universitas Pendidikan Indonesia | repository.upi.edu| perpustakaan.upi.edu