THE EFFECT OF ACCOUNT RECEIVABLE TURNOVER AND CASH TURNOVER ON LIQUIDITY AT PT PLN PERSERO

Authors

  • Anisya Lestari Accounting Department, Faculty of Economics and Business, Universitas Muhammadiyah Kudus, Indonesia
  • Febriyani Eka Supriatin Aquaculture Department, Faculty of Fisheries and Marine Science, Universitas Brawijaya, Indonesia
  • Agustina Eka Harjanti Accounting Department, Faculty of Economics and Business, Universitas Muhammadiyah Kudus, Indonesia

DOI:

https://doi.org/10.20961/akumulasi.v1i1.256

Abstract

This study aimed to partially examine the effect of account receivable turnover and cash turnover on liquidity at PT PLN Persero, simultaneously evaluate the effect of account receivable turnover and cash turnover on liquidity at PT PLN Persero, and identify the financial ratios (the influence of account receivable turnover and cash turnover), which are more dominant in influencing account receivable turnover and cash turnover on liquidity (current ratio) at PT PLN Persero. Samples were taken from the financial statements of PT PLN Persero from 2010 to 2019 using the purposive sampling technique. The classical assumption tests (normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test) were applied in this study. Multiple linear regression was utilized for analysis. To examine hypotheses, t-test, F-test, and coefficient of determination test were used. The results of statistical data tests show that partially account receivable turnover has no significant effect on liquidity (current ratio) and cash turnover has no significant effect on liquidity (current ratio). Thus, users of financial statements can consider these ratios as reference considerations in making decisions.

Keywords:

account receivable turnover, cash turnover, liquidity

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Published

2022-06-30

How to Cite

Lestari, A., Febriyani Eka Supriatin, & Harjanti, A. E. (2022). THE EFFECT OF ACCOUNT RECEIVABLE TURNOVER AND CASH TURNOVER ON LIQUIDITY AT PT PLN PERSERO . AKUMULASI: Indonesian Journal of Applied Accounting and Finance, 1(1), 13–23. https://doi.org/10.20961/akumulasi.v1i1.256

Issue

Vol. 1 No. 1 (2022): June

Section

Articles