Analysis of Factors Affecting the Working Capital

摘要

The aim of research is to determine the factors that affect the company's working capital. The research was conducted at PT. Bumi Sarana Utama Foundation Kalla Group, Pare-Pare, South Sulawesi, Indonesia. Sources of data were in the form of the company's financial report in the last 5 years (2011-2015). Data were collected through observation, interviews, and documentation. Analysis of data used multiple regression analysis. The results showed that there are three factors that affected working capital simultaneously. They are cash conversion cycle, total assests, and the rate of sales growth. Out of these three variables, only the sales growth rate has no significant effect on the working capital.